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A comprehensive guide on the importance of relying on a professionally prepared valuation by a suitably skilled, competent, and objective valuer. Covers the scope, responsibility, and approval process of valuation reports and emphasizes the need for valuers to possess sufficient expertise. Explains the European definition of a Qualified Valuer, national legislation, and TEGoVA's Minimum Educational Requirements. Provides insights into conflicts of interest, independence, and valuer's liability.
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For a client to be able to rely on a valuation Professionally prepared By a suitably skilled Competent, experienced Objective valuer Introduction
Scope • Who should take responsibility for a valuation • The valuation report be approved by a Qualified Valuer • All valuers contributing to a report must have sufficient expertise • Professional standards
A valuation should be prepared by a Qualified Valuer The valuer must be able to show professional skill, knowledge and competence appropriate to the type and scale of valuation The valuer’s instruction should be agreed before undertaking the valuation Valuations which are to be in the public domain No specific criteria for most valuations General
Definition - A Qualified Valuer European definition of an Asset Valuer for State Aid Rules National Legislation Recognised European Valuer (REV) TEGoVA’s Minimum Educational Requirements (MER) Continuing Professional Development THE QUALIFIED VALUER
General Conflicts of interest Independence of the Valuer EU Definitions The valuer’s liability Commentary