Polish Valuers set to gain „Recognised European Valuer” Status
At the last General Assembly of the European Group of Valuers' Associations
(Tegova) held in Hamburg on 28/29 September The Polish Federation of Valuers' Associations and the French Association "IFEI" were given the go ahead to implement Tegova's new Valuer Recognition scheme which replaces the former "approved by Tegova" Valuer Euro Norm Certification.
In Poland, qualified practising valuers with 3 years post qualification experience who meet several criteria including the fulfillment of life long learning provisions and adherence to an ethical code of practice, may apply for such professional recognition which carries the right to use the registered title "Recognised European Valuer" The intention of the scheme is to give comfort to clients throughout Europe that a Recognised European Valuer meets certain minimum educational requirements as laid down by Tegova, continues to practice as a valuer and keeps himself up to date by following a programme of at least 20 hours of lifelong learning per year.
The French and Polish valuers have been selected by Tegova to take part in an initial pilot project for implementing the valuer recognition scheme prior to its roll out across Europe.
The General Assembly which was attended by some 60 delegates representing 45 valuers' associations across Europe also made progress towards the publication of a new edition of European Valuation Standards 2008.
A draft text EVS 2008 prepared by Professor David Mackmin was discussed at a working party prior to the main General Assembly meeting and a timetable for approving a final text was set for the next General Assembly meeting in Warsaw in May 2008.
In a surprise move the RICS made a proposal for the amalgamation of its "red book" of RICS Valuation Standards with Tegova's "blue book" of European Valuation Standards. The General Assembly gave cautious approval to the Tegova Board to take up the RICS offer of discussions.