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This Act provides with respect to the profession of property valuation, i.e. the determination of the value of immovable property. The Act provides for the establishment of the South African Council for the Property Valuers Profession. The Council shall have powers with respect to, among other things: the registration of property valuers; the supervision on the practice of property valuers and the education in property valuation. A person may be registered in any of the following categories: (a) Professional Valuer; (b) Professional Associated Valuer; or (c) Candidate Valuer. The Council shall charge a registered person with improper conduct if the Council is convinced that sufficient grounds exist for a charge to be preferred against such a registered person. It shall a appoint a disciplinary tribunal to hear a charge of improper conduct if a person charged. The Act provides for appeal against decision of disciplinary tribunal.
Implemented by: Rules for the Property Valuers Profession (No. 119 of 2008). (2008-11-21)