Valuation as a career | Pelo Khasu
How to Become a Valuer | Dianne de Wet
Should you contemplate on becoming a valuer it is your responsibility to confirm your career path with the SA Council for the Property Valuers Profession.
1. BACKGROUND
A valuer is a skilled professional person who determines the value of immovable property for various purposes. A great many decisions involving immovable property are made daily by individuals, companies, banks, central, provincial and local government, statutory institutions, etc. and in making these decisions the skilled valuer’s expertise is indispensable.
Valuations are required for: decision making when buying, selling or expropriating immovable property; deceased estates, mortgage bonds; levying of rates; insurance and investments purposes; rental determinations; leases; servitudes and for many other purposes.
In an ever changing economy, property values are never static and therefore a valuer has to continuously research economic trends, because they often have to predict future trends to make a valuation.
In summary, a valuer conducts valuations on residential, commercial, business, industrial and agricultural properties for a variety of purposes including sale, purchase, letting and mortgage.
2. EMPLOYMENT OPPORTUNITIES AS A VALUER
- Private sector
- Department of Public Works
- Department of Land Affairs
- Local authorities
- Estate agents
- Property developers
- Financial institutions
3. HOW TO BECOME A PROFESSIONAL VALUER
In order to pursue this profession legally, a valuer must be registered with the South African Council for the Property Valuers Profession (SACPVP), a statutory body established in terms of the Property Valuers Profession Act, 2000 (Act Nr 23 of 2000).
In terms of the South African Council for the Property Valuers Profession, Act 47 of 2000, a person who wishes to qualify for registration as either a Professional Associated valuer or Professional valuer must:
- Receive an academic qualification in Property Valuation as per Point 4 of this document and simultaneously register at the South African Council for the Property Valuers Profession (SACPVP) as a Candidate Valuer.
- Attend a Practical Workschool
- Accumulate sufficient practical experience in property valuation as specified by the SACPVP, to register as a Professional or Professional Associated Valuer, depending on the experience obtained.
- Work under supervision of a qualified valuer (Professional Valuer/Associated Valuer).
- Pass the SACPVP Admission Examination for Professional Valuers or Admission Examination for Professional Associated Valuers.
- During the period of registration as a Professional Valuer or Professional Associated Valuer, such a person must adhere to the CET hour requirements as laid down by the SACPVP.
It is recommended that Candidate valuers apply for Membership with the SA Institute of Valuers (SAIV) as Student members.
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