Registered valuers organisation eligibility requires prescribed structure, training, code of conduct, and disciplinary controls for valuation practice. Eligibility for recognition as a registered valuers organisation depends on satisfying prescribed structural and functional requirements for valuation of ... Summary
Registered valuers organisation eligibility requires prescribed structure, training, code of conduct, and disciplinary controls for valuation practice.
Eligibility for recognition as a registered valuers organisation depends on satisfying prescribed structural and functional requirements for valuation of a specific asset class or asset classes. The organisation must be a company with the required paid-up share capital, or a professional institute established by an Act of Parliament for regulation of a profession, and certain societies or trusts may also be recognised subject to conditions. It must conduct valuation education, grant membership or a certificate of practice only to qualified persons, enforce a code of conduct, provide continuing education, monitor member valuers, and maintain grievance and disciplinary mechanisms.
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