The REV™ Scheme is truly European. It is not the exclusive product of one particular professional body. So long as an individual meets the high standards required by the Scheme in education, life long learning, experience and ethical behaviour, he or she may apply to his or her national TEGoVA member organisation for admittance to REV status.

REV is flexible in the assessment of ability and professionalism. The scheme is shaped to cover varying levels of experience and academic qualification but in all cases the commitment to lifelong learning and adherence to a code of professional ethics and the high standards required by TEGoVA of all its members is essential.

In summary, the REV™ designation provides a truly European mark of quality enabling a valuer to assure clients that they possess the very high standard of professional knowledge, experience and ethical behaviour coupled with lifelong learning needed to meet demanding standards set by TEGoVA .

There are currently seven TEGoVA Member Associations (TMAs for short) approved by TEGoVA to issue REV Certificates with a further three more TMAs in the pipeline.

* INSTITUT FRANCAIS DE L'EXPERTISE IMMOBILIÈRE (IFEI)

* THE POLISH FEDERATION OF VALUERS' ASSOCIATIONS (PFVA)

* RUSSIAN SOCIETY OF APPRAISERS (RSA)

* CHAMBRE DES EXPERTS IMMOBILIERS DE FRANCE (CEIF-FNAIM)

* SYNDICAT NATIONAL DES PROFESSIONNELS IMMOBILIERS (SNPI)

* BUNDESVERBAND ÖFFENTLICH BESTELLTER UND VEREIDIGTER SOWIE QUALIFIZIERTER SACHVERSTÄNDIGER (BVS)

* INSTITUTE OF REVENUES RATING AND VALUATION (IRRV)

The following associations have applied and will be the subject of inspection by members of the Recognition Committee (see below) shortly:

* РОССИЙСКОЕ ОБЩЕСТВО ОЦЕНЩИКОВ (POO) -Russian Society of Appraisers (RSA)-

* ASOCIATIA NATIONALA A EVALUATORILOR DIN ROMANIA (ANEVAR) -National Association of Romanian Valuers-

* CONSEIL SUPÉRIEUR DU NOTARIAT (CSN)
-High Council for the Notarial Profession-

The associations of Austria, Greece and Norway have also indicated that they will be applying.

The REV Scheme is managed on a day to day basis through a Recognition Committee assisted by the TEGoVA Secretariat in Brussels.

The Committee comprises eight members:

* Tony Prior FRICS IRRV of IRRV (UK) (Chairman)

* Claude Galpin MRICS REV of IFEI (France)

* Wolf- Eberhard Schulz-Kleesen FRICS of BVS (Germany)

* Antonio Campagnoli IsIVI SIOR of IsIVI (Italy)

* Tania Frank MRICS REV of CEIF-FNAIM (France)

* Pierre Chanaud REV of CEIF-FNAIM (France)

* Maria Vlachogianni MRICS of SOE (Greece)

* Leandro Escobar of ATASA (Spain)

The panel is therefore truly European and brings with it a wide range of skills and experience.

The Committee has five key tasks to fulfil to ensure the success and growth of the Recognised European Valuer Scheme (REV):

• to assess those TEGoVA Member Associations who wish to award REV certificates to their valuer members.
• to keep the REV scheme under constant review to ensure that it not only maintains but seeks to improve the required standards.
• to ensure that TEGoVA provides TMAs and individual REVs with news and information through a relevant and dedicated section of the TEGoVA website.
• to ensure through a transparent auditing process that an approved TMA maintains the required standards.
• to work with the TEGoVA Secretariat, legal and other advisors to ensure the efficient and effective running of the Recognised European Valuer scheme.

The REV scheme is assisted in its administration by the TEGoVA Secretariat in Brussels who amongst other key roles maintain the newly created REV Website and REV Register.

The website of TEGoVA provides full details of the scheme and how to apply for the grant of the REV designation.

The REV Register is an important aspect of the Scheme. Through access to the website the public can identify REVs valuers.

The Scheme permits a firm of practising valuers to use without charge the designation 'Recognised European Valuers' where at least half of the directors and/or registered partners or employees are fully subscribed and practising members of the Recognised European Valuer Scheme and use the designation REV after their name on official documentation.

Valuers who are employees of valuation companies which themselves are members of a TMA may apply for REV status, through their employer member of a TMA.

A valuer in breach of his obligations under the TEGoVA Guidelines has had the right to use the REV designation removed.

* Valuation firms allowed to call themselves 'Recognised European Valuers' will be able to display the REV logo.

* TEGoVA designed an impress stamp for endorsement on valuation reports by individual REVs.

* The TMAs authorised to award REV certificates can use an Awarding Member Association logo on the home page of its website.

An indicator of the worth of REV status was the United Kingdom IRRV conference attended by over 1000 people where the Recognised European Valuer Scheme was awarded first place in the Valuation Excellence category.

The views of valuation practitioners will be much appreciated and can be sent to info@tegova.org .


Roger Messenger
Chairman of the Board of TEGoVA

Anthony Prior
Chairman of the REV Recognition Committee