Defvas Project

In Partnership with TEGoVA and the IRRV

THE RECOGNISED EUROPEAN VALUER

Defvas Project

In Partnership with TEGoVA and the IRRV

HOW IT WORKS

• Awarded to individual practising valuers belonging to a TEGoVA Member Association(TMA)

• Recognition is granted by a TEGoVA approved TMA • Reflects local culture whilst ensuring trans European

standards. Individual certificate valid for five years (Renewable)

• TMA subject to regular audit by TEGoVA

Defvas Project

In Partnership with TEGoVA and the IRRV

INDIVIDUAL REQUIREMENTS (1)

• Candidates must meet required standards in Education, Ethics, Experience and CPD

• Education & Experience• A recognised university degree relevant to asset valuation

- 2 years experience• A recognised university degree, relevant to real estate

- 5 years experience• Without a university degree, or relevant professional

qualification -10 years experience

Defvas Project

In Partnership with TEGoVA and the IRRV

INDIVIDUAL REQUIREMENTS (2)

• Ethics– A valuer must declare that he adheres to the

code of ethics and valuation standards of the TMA

• CPD– A valuer must carry out at least 20 hours of continuous

professional development per year

• Regulation– Where appropriate, be legally recognised to practise

valuation in their country of origin

Defvas Project

In Partnership with TEGoVA and the IRRV

OTHER ISSUES

• Use of REV™ by Valuation Firm – The Scheme permits a firm of practising valuers

to use without charge the designation 'Recognised European Valuers

• Stamps & Logos– A stamp for endorsement on valuation reports by

individual REVs is available– Valuation firms allowed to call themselves 'Recognised

European Valuers' may use the REV logo– MAs authorised to award REV certificates can use an

Awarding Member Association• REV™ Register

– A register of the REV valuers is available.on the TEGoVA Website

Defvas Project

In Partnership with TEGoVA and the IRRV

STATEMENT OF INTENT

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