REV-BV, the mark of excellence in business valuation
REV-BV status is the mark of excellence in business valuation, demonstrating to international and local clients that the valuer is qualified to a consistent high European standard of practice.
Recognised European Business Valuer (REV-BV)
In the public mind, TEGOVA is indeed real estate. Yet business valuation is also prevalent among a number of members, with valuation firms or individual valuers often combining real estate and business practice. This is a welcome tendency for the profession and for European society at large, because land and buildings are such an important and integral part of most businesses that the combination of real estate and business knowledge provides a solid grounding for business valuation excellence. Conversely, business valuation is an attractive field of activity for real estate valuers in a mutating economic and professional environment, where no source of activity is permanently guaranteed and new opportunities arise.
The letters ‘REV-BV’ enable cross-border 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.
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-BV 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 Business Valuation Standards.
REV-BV valuers display the initials ‘REV-BV’ after their name on their business cards, are provided with a numbered REV-BV impress stamp on their valuation reports and appear on the TEGOVA REV-BV online register consulted by clients and practitioners from all over Europe.
How to attain REV-BV status
Application for REV-BV status is open to practising valuers who meet the required standards set by a TEGOVA Member Association that has been authorised to award REV-BV status (Awarding Member Association, AMA) by demonstrating that it has in place an effective quality system to ensure that individual applicants meet the necessary requirements.
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-BV (Recognised European Business Valuer).
Once granted, the REV-BV designation can be used by a valuer for five years, after which the status can be renewed.
Roles & Responsibilities
General Principles
TEGOVA's 'Recognised European Business Valuer' Programme is run and maintained by the Board, assisted by a dedicated Auditing 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 REV-BV Auditing Committee
The main role of the REV-BV Auditing Committe is the assessment of candidate AMAs and the audit of existing AMAS.
Enquiries
For enquiries, please contact the Secretariat of TEGOVA.
REV Register
A register of the REV-BV valuers is available. Please click link page hereafter.
AMA REV-BV 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.
EUROPEAN VALUER Journal
The REV-BV valuers are automatically subscribed to the European Valuer journal. This Journal will provide expert analysis on European valuation developments and coverage of EU real estate policy initiatives.
Trademark
The REV-BV designation and logo are registered trademarks of TEGOVA.
REV-BV Programme Brochure