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Public Sector Property Valuers Get Rules

May 13, 2013

Council for Property Valuers Profession

Property valuers in the public sector have been issued with their own rules.

The new rules are contained in second amendments to the Rules for the Property Valuers Profession published in Gazette 36432.

The amendments have been drawn up by the South African Council for the Property Valuers Profession.

Criteria for registration as a public sector professional associated valuer are laid down.

Applicants may be asked to carry out a property valuation in order to gauge the level of knowledge.

The amendments also include a special concession enabling valuers to be exempted from the admission examination for professional valuers as a once-off concession under certain conditions.

The application for exemption must be made before the end of this year.

The amendments come into effect on 1 July 2013.