Brief History and Role
The formation of the Association of Greek Valuers started in the end of 2007 and was completed in the summer of 2009. The founding members (96 valuers) are mostly employees working for the major Greek Banks and free lancers, collaborating as well with major Greek Banks.
Currently the Association has more than 1.891 members, incorporating the vast majority of Greek valuers in its ranks.
The Association's goal is to function as a collective body representing professional valuers and experts undertaking valuations for public and private sector entities, and to provide services aiming to upgrade the quality of valuations in Greece and the status of the valuer's profession in the Greek economy and the society.
Principal Activities
The principal activities include the following:
* upgrading the quality of valuations in Greece by organising special training programs;
* promoting and advancing the profession of valuer by undertaking a range of activities, such as participation in conferences, scientific bodies, exhibitions, etc.;
* transmitting the experience gained by valuers and exchanging views on valuation-related issues;
* ongoing training for valuers;
* determining and advancing professional standards and best practices;
* translating EVS in Greek language and developing National Valuations Standards in line with EVS;
* formulating and applying a code of conduct;
* establishing a professional certification body for valuers that is recognised by the corresponding bodies in Europe and worldwide; AVAG is already an AMA granting REV status to its members that fulfill the relevant requirements of the scheme. Already 535 members have been nominated REV after successful participation in both written and oral examinations;
* establishing national certification schemes in cooperation with professional certification body for real estate valuers (already 321 of its members are certified valuers) and plant & machinery valuers (already 75 of its members are certified valuers). The schemes are accredited by the Greek National Accreditation Body;
* representing Greek valuer-members at TEGoVA;
* defending valuers' work-related rights;
* collaborating with similar national or international bodies on issues of mutual interest.
Principal Areas of Policy
* Upgrading the quality of valuations in Greece
* Promoting and advancing the profession of valuer
* Formulating and applying a code of conduct
* Establishing a professional certification body
* Representing Greek valuers-members at TEGoVA
Organisation
The General Meeting is the highest management body of the Association and consists of those members of the Association who have fulfilled their financial obligations [eligible members].
The Association is managed by a seven-member Board of Directors elected for a 3-year term and consisting of one (1) Chairman, one (1) Vice-Chairman, one (1) General Secretary, one (1) Treasurer and three (3) Directors; they are elected by the General Meeting of Association's members from among the regular members, along with three (3) substitutes and do not earn any fee for their services.
Membership
The Association's members fall into the following categories:
1. Regular members: Those exercising the profession of valuer. Anyone who is engaged on a regular, professional basis in preparing valuations, has the necessary formal and actual qualifications as instituted by the Association, and accepts the Association's operating principles and Code of Conduct, can become a member of the Association.
2. Junior members: Those that have the necessary formal qualifications but lack the required experience, and accept the Association's operating principles and Code of Conduct. Junior members are entitled to vote at Association's bodies, but are not eligible for office.
3. Honorary members: Persons who have provided excellent service to Association, to the Greek State and to society, and have contributed to the advancement of the Science of Valuation in Greece. Honorary members are proposed by the Association's Board of Directors or at least one fifth (1/5) of regular members, and are confirmed by the General Meeting. Honorary members are proposed by the Association's Board of Directors or at least one fifth (1/5) of regular members, and are confirmed by the General Meeting.
Honorary members are not entitled to vote or eligible for an elective office in Association . They attend the General Meetings and present their views and opinions without voting.
Publications
EVS
AVAG translated the European Valuation Standards 2012 and 2016 into Greek.
