The valuer’s requirements
Regarding training, education and qualification examinations and affiliations
Property valuers are required to obtain a three-year tertiary national diploma, a four-year degree (NQF level 9 – like Architects and Engineers), or a master’s degree in real estate, property valuation, or property studies before registering to become property valuers to ensure that they have the necessary theoretical knowledge. This is followed by intense practical training and exposure to various property types before they are eligible to write an exam qualifying them to become professionals.
Furthermore, valuers are required to undertake various activities for their continuous professional development in order to maintain their registration. Therefore, no one can conduct valuations without first meeting these prerequisites.
Additionally, all registered valuers in South Africa are governed by the Property Valuers Profession, 2000 (Act of 47 of 2000), through a juristic body known as the South African Council for the Property Valuers Profession (SACPVP) that is responsible for the registration and regulation of the profession.
The SAIV is the largest voluntary association representing more than half of registered Property Valuers in South Africa, established in 1909, to which any suitably qualified person can belong. Members comprise valuers, but also have affiliate members, those who are registered as professionals within Councils forming part of the Council for the Built Environment who have a particular interest in and/or connection with the property valuation profession.
Buying any property is often a big life or investment decision. Credible advice is necessary for one to make the best call. The cost of undertaking a professional valuation upfront is a fraction of the potential loss in making an uninformed decision.
A valuation is typically valid for a year, and banks will consider an independently executed valuation.
Furthermore, valuers are required to undertake various activities for their continuous professional development in order to maintain their registration. Therefore, no one can conduct valuations without first meeting these prerequisites.
Additionally, all registered valuers in South Africa are governed by the Property Valuers Profession, 2000 (Act of 47 of 2000), through a juristic body known as the South African Council for the Property Valuers Profession (SACPVP) that is responsible for the registration and regulation of the profession.
The SAIV is the largest voluntary association representing more than half of registered Property Valuers in South Africa, established in 1909, to which any suitably qualified person can belong. Members comprise valuers, but also have affiliate members, those who are registered as professionals within Councils forming part of the Council for the Built Environment who have a particular interest in and/or connection with the property valuation profession.
Buying any property is often a big life or investment decision. Credible advice is necessary for one to make the best call. The cost of undertaking a professional valuation upfront is a fraction of the potential loss in making an uninformed decision.
A valuation is typically valid for a year, and banks will consider an independently executed valuation.