Recognised European Valuer Scheme Gains Momentum - Polish Valuers' Federation wins EU Backed Funding!
Only eighteen months after being launched by The European Group of Valuers' Associations (TEGoVA) in Warsaw, the Recognised European Valuer certification scheme has been widely acclaimed as a success with over 400 valuers in France, Germany, Poland and Russia already „recognised”.
The scheme received a further boost at the recent TEGoVA General Assembly held in Brussels on 13/14 November 2009 when the Institute of Revenues Rating and Valuation (IRRV) of the United Kingdom and ANEVAR of Romania secured the right to award the REV title to their members. Needless to say the opportunity presented to British valuers of becoming Recognised European Valuers is particularly significant.
The success of the REV scheme has been put down in part to its respect for and recognition of the diversity of valuation qualifications across Europe whilst laying down the need for valuers to follow defined minimum educational, practice, lifelong learning and ethical requirements. The REV title does not confer a new qualification, but it serves to reassure the client that he has instructed an already well qualified and experienced valuer who continues to practice valuation, keeps abreast of developments in his profession and adheres to a recognised code of ethics. An REV certificate is awarded for 5 years after which it must be renewed.
The Polish Federation of Valuers' Associations was also honoured with the news that together with IRRV, Tegova and other select valuers associations committed to the REV scheme, it has won European Union backed funding to help educate and train valuers in the application of European Valuation Standards. The Euro 300 000 funding of the project titled „Developing a European Framework for Valuation Standards (DEFVAS)” will flow in stages from the so called Leonardo da Vinci Programme Fund for Transfer of Innovation.
The sixty delegates from 24 countries attending the General Assembly also discussed new issues and topics to be covered by future additions to the European Valuation Standards 2009, launched earlier this year. The delegates also agreed to the publication of the first 8 country specific chapters on the TEGoVA web page.
The issue of sustainable buildings and their influence on market value also featured prominently in debate culminating in a presentation by Dr Sven Bienert of KPMG Austria who summarised some initial results from a pioneering project on methodologies for the integration of energy performance into property valuation practice.
Finally the General Assembly welcomed new TEGoVA members, valuers organisations from Austria, Greece, Kosovo and Dubai.