It is the responsibility of a candidate valuer and his/her supervisor, recorded and confirmed as such in terms of item 8 to ensure that the candidate valuer gains a sufficient scope, variety, nature and standard of practical experience of work in property valuation by having him/ her exposed to as many of the following as possible:
| (a) |
Purposes of property valuation |
| (iii) |
investment and financial statements; |
| (iv) |
land reform (restitution, development, tenure and redistribution); |
| (v) |
mortgage bonds and security; |
| (vi) |
municipal rating (mass valuations) and endowments; |
| (vii) |
purchase, sale, estate and municipal objection; and |
| (viii) |
rental determination. |
| (i) |
business property cluster, comprising— |
| (bb) |
commercial and office land; |
| (cc) |
commercial and office buildings; |
| (dd) |
industrial buildings; |
| (ff) |
general residential land (flats); |
| (hh) |
partially developed townships; |
| (ii) |
potential township land; |
| (jj) |
sectional title schemes and share block schemes; |
| (kk) |
small holdings (commercial and industrial uses); and |
| (ii) |
farms or agricultural property cluster, comprising— |
| (aa) |
farms (including forests); |
| (bb) |
agricultural small holdings; |
| (cc) |
land on which mines are situate; and |
| (iii) |
single residential property cluster, comprising— |
| (aa) |
individual single residential sectional title units; |
| (cc) |
single residential land (including land for special type properties); and |
| (dd) |
small holdings/ plots; (residential use); |
| (iv) |
special type or miscellaneous property cluster, such as museums, public schools, public health facilities and any other properties of a specific or special nature. |
Stamp Duties Act, 1968 (Act 77 of 1968)
