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Is a candidate valuer allowed to have more than one supervisor?
How do i become a property valuer?
What is the extent of practical experience required for a candidate valuer to qualify for registration as a professional?
What is the difference between registration fees and annual fees, and when are they payable?
A Registration Fee is payable when registering for the first time in a category, e.g. Professional Valuer, Professional Associated Valuer or Candidate Valuer. An Annual Fee is payable within 60 days of the date of registration and thereafter annually within 60 days from 01 April. A notice stating the amount payable will be issued in each case.
May a person register under the name of the company that employs him/her?
No, the Act provides for the registration of natural persons only.
What is the difference between the SA institute of Valuers and the SA council for the property valuers profession?
The Institute is a voluntary association to which any suitably qualified person can belong and its objectives are centered around the interests of its members. Other voluntary associations are Black Valuers Association, Professional Valuers Association and Black Professional Valuers Association.
The Council is a statutory body dealing with the compulsory registration of persons wishing to practise in the property valuers profession and its powers include taking any steps it considers necessary for the protection of the public in their dealings with persons so registered, and for the maintenance of the integrity, and the enhancement of the status of the property valuers profession.
Why do registered persons have to pay a levy to the Council for the Built Environment ("CBE"), and what does the CBE do for the registered persons?
The CBE is an overarching statutory body coordinating the activities of the professions in the built environment and it also acts as an appeal body in respect of certain decisions by the Council. It has been established by section 2 of the Council for the Built Environment Act No. 43 of 2000. All registered persons of the other five Councils pay the CBE levy as per CBE Act.
What is the difference between a professional valuer and a professional associated valuer?
A professional valuer is a person who has complied with the practical experience requirements for registration as set out in item 5(a) of Annexure C.1 to the Rules for the Property Valuers Profession, 2008, and has passed the admission examination for professional valuers referred to in item 1(a) of that Annexure.
A professional associated valuer without restrictions is a person who has complied with the practical experience requirements for registration as set out in item 5(b) of Annexure C.1 to the Rules for the Property Valuers Profession, 2008, and has passed the admission examination for professional valuers referred to in item 1(b) of that Annexure.
A professional associated valuer with a restriction is a person who has complied with the practical experience requirements for registration as such set out in item 5(c) of Annexure C.1 to the Rules for the Property Valuers Profession, 2008, and has passed the admission examination for professional associated valuers referred to in item 1(b) of that Annexure.
Have the prescribed examinations for registration as a professional been recognised overseas?
Not as yet.
What are the requirements for registration of a person holding a foreign qualification?
See “Registration of Foreign Valuers”.
Does the property valuers profession act, 2000, apply in neighbouring and other foreign countries?
No, it is a South African Law for South African residents only.
When does the council cancel a registered person's registration and what must he/she do to be re-registered?
(a) Registration will be cancelled if the annual fee is not paid within 60 days after registration or 60 days after the beginning of a financial year, as the case may be, and the registration of a person may be cancelled if he/she is found guilty of improper conduct.
(b) For re-registration, see “Registration Requirements” for the different categories.
(c) Note that should registration of a persons who was initially registered in terms of section 43(8) or (9) be cancelled, that registration may not be renewed in terms of that section. The person must satisfy the current registration requirements, i.e., possess an examination /qualification recognized by Council.
When may a candidate valuer sit for the admission examination for professional associated valuer?
After obtaining the prescribed or recognised examinations and complying with the provisions of item 2 of Annexure C.1 to the Rules for the Property Valuers Profession, 2008.
What is the pass mark for the admission examination?
60% overall and a minimum of 40% in the section dealing with the Time Value of Money.
Can any registered candidate valuer who is in possession of the required five subject of the national Diploma in real estate (property valuation) apply for registration as a candidate single residential property assessor?
No, only an estate agent as defined in section 1 of the Estate Agency Affairs Act, 1976, who possesses a valid Fidelity Fund Certificate.
When are the admission examinations conducted?
Normally the last Wednesday in March and September of every year.
How does a registered person enter for the admission examination?
By completing the appropriate application form obtainable from the Registrar or the Council website.
When is the closing date for the application to sit for the admission examination?
March Examinations: not later than the 30 November.