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Recognised European Valuer

The Recognised European Valuer status is a unique opportunity for the Real Estate valuer.

Message from the Chairman of the Recognition Committee

a56efb62078719_Roger Messenger.jpg

Welcome to the Recognised European Valuer web pages

The international nature of real estate markets particularly at this time of economic uncertainty underscores the need for co-operation between valuers to ensure that they possess the awareness and knowledge to enable them to give accurate and informed advice to clients across Europe.

To date the principal method of achieving these goals by TEGoVA has been through the creation and maintenance of European Valuation Standards (EVS) whereby TEGoVA has actively sought to harmonise standards and provide valuation guidance and best practice. A new edition of EVS was published in 2012.

The increasing need for closer co-operation, be they with investors, financial institutions, developers, the construction industry or private investor requires in addition to EVS a personal indicator of excellence through a trans-European indicator of quality in order to assure clients of an individual valuers experience and knowledge.

Real estate valuation will of course continue to require regional specialist knowledge of local conditions but transnational investors increasingly require a means of ensuring that the "local" valuer is part of a wider recognised standard that they can rely on in making transnational investments.

The Recognised European Valuer status and use of the designatory letters REV™ provides such a pan-European assurance to investors of all types by setting a transparent and demanding standard of ability and experience.

The Recognised European Valuer (REV) will have access to a range of TEGoVA newsletters, services and contacts by means of a dedicated section of the TEGoVA web site through which medium he or she will be enabled to exchange knowledge and information and make contact with other REVs in TEGoVA Member Associations.

Details of the working of the status and how to become a Recognised European Valuer through a TEGoVA Member Association are detailed below.

Roger Messenger BSc FRICS FIRRV REV MCIArb
Chairman of the Recognition Committee

- See more at: http://tegtest.desk.nl/en/p4912e79a2e83e#sthash.28rf04tx.dpuf

REV: The mark of excellence in real estate valuation

a571f55580ecc4_REVLogo230.jpg

REV status is the mark of excellence in real estate valuation, demonstrating to international and local clients that the valuer is qualified to a consistent high European standard of practice. Since its inception it has been awarded by leading valuation associations across Europe.

The letters 'REV' enable cross-border real estate investors to identify local valuers qualified to a recognisable European level. This gives both large and small local valuation firms the opportunity to tap into the steadily increasing market for pan-European investor clients.

Yet REV's greatest impact is on local clients. In times of economic uncertainty, local clients seek out professionals with special knowledge and experience who can help them make difficult investment and pricing decisions. Here, the competitive edge for REV valuers lies in their guaranteed minimum level of education and experience and the capacity to interpret global and local valuation impacts that comes from demonstrated familiarity with European Valuation Standards.

REV valuers display the initials 'REV' after their name on their business cards, are provided with a numbered REV impress stamp on their valuation reports and appear on the TEGoVA REV online register consulted by clients and practitioners from all over Europe.

- See more at: http://tegtest.desk.nl/en/p4912e79a2e83e#sthash.28rf04tx.dpuf

HOW TO ATTAIN REV STATUS

Application for REV status is open to practising valuers who meet the required standards set by a TEGoVA Member Association that has been authorized to award REV status by demonstrating that it has in place an effective quality system to ensure that individual applicants meet the necessary requirements (AMA: Awarding Member Association).

The local AMA assesses the individual practising valuer in order to ascertain that the applicant meets the standards required by TEGoVA to use the designatory letters REV (Recognised European Valuer).

Once granted, the REV designation can be used by a valuer for five years, after which the status must be renewed.

ROLES & RESPONSIBILITIES

General Principles

TEGoVA's 'Recognised European Valuer' is run and maintained by the Board, assisted by a dedicated Recognition Committee and TEGoVA's Secretariat.

TEGoVA will approve an AMA (Awarding Member Association) as a competent body to process applications by the signature of an agreement with the AMA. It will then monitor the AMA.

The AMA is responsible for the administrative processing and monitoring of individual applications and the payment of certain complementary subscriptions and expenses to TEGoVA.

The Recognition Committee (RC)

The main role of the Recognition Committe is the assessment of candidate AMAs and the audit of existing AMAS.

For details, you can go to the 'Recognition Committee' page.

ENQUIRIES

For enquiries, please contact the Chairman of the Recognition Committee or the Secretariat of TEGoVA.

REV REGISTER

A register of the REV valuers is available. Please click link page hereafter.

AMA REV INTRANET

Each Awarding Member Association has an intranet page.

The access to the page is limited to the person who has the authorisation given by the AMA using a password delivered by the TEGoVA Secretariat.

EUROPEAN VALUER Journal

This Journal will provide expert analysis on European valuation developments and coverage of EU real estate policy initiatives.

TRADEMARK

The REV designation and logo are registered trademarks of TEGoVA.

THE EUROPEAN VALUATION QUALIFICATIONS BOARD

The phenomenal growth in the membership and activities of TEGoVA over the last few years has necessitated the establishment of a European Valuation Qualifications Board (EVQB) with a remit to promote and oversee the development of the REV and TRV programmes whilst keeping its provisions under constant review, to deal with appeals from any Awarding Member Association (AMA) and/or any Residential Awarding Member Association (R-AMA) against decisions of the Recognition Committee (the body which audits AMAs/R-AMAS and inspects candidate AMAs/R-AMAs), to engage with academia, to assist TEGoVA members in the provision of valuation courses and continuous professional development and to investigate and address the demands of members for the development of valuer certification or qualification programmes in specialist areas or sectors.

     
Recognised European Valuer

THE REV STATUS

The mark of excellence in real estate valuation

REV status is the mark of excellence in real estate valuation, demonstrating to international and local clients that the valuer is qualified to a consistent high European standard of practice. Since its inception it has been awarded by leading valuation associations across Europe.

The letters 'REV' enable cross-border real estate investors to identify local valuers qualified to a recognisable European level. This gives both large and small local valuation firms the opportunity to tap into the steadily increasing market for pan-European investor clients.

Yet REV's greatest impact is on local clients. In times of economic uncertainty, local clients seek out professionals with special knowledge and experience who can help them make difficult investment and pricing decisions. Here, the competitive edge for REV valuers lies in their guaranteed minimum level of education and experience and the capacity to interpret global and local valuation impacts that comes from demonstrated familiarity with European Valuation Standards.

REV valuers display the initials 'REV' after their name on their business cards, are provided with a numbered REV impress stamp on their valuation reports and appear on the TEGoVA REV online register consulted by clients and practitioners from all over Europe.