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NAVS offer warm welcome to valuers from Europe and beyond

April 26, 2017

The General Assembly and a European Valuation Conference on the preceding day were hosted by the National Association of Valuers of Serbia (NAVS).

European Valuation Conference

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The Assembly coincided with the implementation of a valuer licensing system in Serbia and in this connection NAVS organised an international conference titled ""The Influence of the European Union on the Development of a Modern Valuation Profession in Serbia". The conference, attended by some 200 local and foreign valuers and government officials, featured eminent speakers, including Michael MacBrien, adviser to TEGoVA and Director General of the European Property Federation, Sandra Rodic, Expert, USAID Serbia Business Enabling Project, Scott Robinson, Immediate Past President, Appraisal Institute, Professor Richard Grover, Oxford Brookes University, Roger Messenger Vice Chairman of TEGoVA and Krzysztof Grzesik, TEGoVA Chairman and Danijela Ilic, President of NAVS.

The General Assembly

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The wet weather accompanying TEGoVA's Spring General Assembly in Belgrade on 22 April failed to dampen the enthusiasm of delegates representing valuation associations from across Europe and beyond (including leadership teams from the Appraisal Institute (USA) and Appraisal Institute of Canada. The overall feeling was one of awe at the growing scale of this bi-annual event. Who would have ever imagined that it would be possible to organise an event attracting 100 delegates and guests representing valuers associations from as many as 26 countries? Much of the credit for this success should go to the host association the National Association of Valuers of Serbia (NAVS) which attended to every organisational detail with perfection.

The main business of the Assembly was the election of a new TEGoVA Board and its Chairman. There were a total of 12 candidates for election with 8 being elected for a 3 year term including Krzysztof Grzesik (PFVA) who was also re-elected as Chairman of the Board of Directors (see separate report on new Board members).

The other highlight of the Assembly was a presentation by Professor George Matysiak on the Accuracy of Automated Valuation Models. The presentation preceded a more detailed report, due imminently, of the findings of the Professor's recent research on AVM highlighting the lack of transparency of AVM providers in Europe. Such lack of transparency in the European AVM industry is making verification of accuracy almost impossible.

Other business included the acceptance of new TEGoVA members (see below). Also the Institute of Certified Valuers of Montenegro (IOPCG) was awarded "Awarding Member Association (AMA)" accreditation permitting it to award the REV designation to its members who fulfill the necessary criteria. The Spnish associaion AEVIU and the french association SNPI were awarded "Awarding TEGoVA Residential Valuer (R-AMA)" accreditation perminting it to award TRV designation to their members.

New Members

The delegates also approved the membership of new TEGoVA members namely the Bulgarian Chamber of Professional Valuers (CPV), the Cyprus Valuers Association (CVA), the National Association of Appraisers of Montenegro (NAVM) and the Ukrainian Society of Appraisers (UTO).

Next Meeting

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Finally the meeting was closed by a presentation by Emmanuelle Gauthier, Member of the Board of CEIF-FNAIM who showcased the venue of the next General Assembly in Marseille on 26-28 October 2017.