Without derogating from any provision contained in the Rules, the Code of Conduct for Registered Persons or any other determination or resolution made or adopted by the council with regard to property valuation reports, the following minimum requirements extracted from the International Valuation Standards endorsed by the council, must also be included in all motivated property valuation reports prepared by registered persons—
| (a) |
Instruction, including the name and postal and e-mail addresses of the person requesting the valuation. |
| (b) |
Property description as per title deed, including type of property and physical description. |
| (c) |
Purpose of valuation. |
| (d) |
Date of inspection of property including the effective date of valuation. |
| (e) |
Town planning information. |
| (f) |
Method of valuation (including where applicable, market research and comparables). |
| (g) |
Assumptions and special assumptions that are reasonable and relevant to the valuation. |
| (h) |
Any other relevant information of particulars having a bearing on the property concerned. |
| (i) |
Determination of values, including motivation thereof and certificate of value. |
| (j) |
Signature of professional concerned, including his or her category of registration (title), registration number, business, email and postal addresses as well as telephone and fax numbers. |
| (k) |
In the case of a candidate valuer, the counter-signature of the supervising professional, including all the particulars set out in paragraph (j) in respect of the said persons. |
| (l) |
Caveats or qualifications for the report. |
[Rule 15A inserted by rule 5 of Board Notice 166 of 2016 dated 21 October 2016]
Contingency Fees Act, 1997
