Property Valuers Profession Act, 2000 (Act No. 47 of 2000)

Rules

Rules for the Property Valuers Profession Amendment, 2022

Annexures

Annexure C.1: Further specific requirements: Professional valuer, professional associated valuer and candidate valuer

4. Required scope, variety, nature and standard of practical experience

Purchase

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

(i)	expropriation;

(ii)	insurance;

(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.

(b)	Types of properties

(i)	business property cluster, comprising—

(aa)	blocks of flats;

(bb)	commercial and office land;

(cc)	commercial and office buildings;

(dd)	industrial buildings;

(ee)	industrial land;

(ff)	general residential land (flats);

(gg)	leaseholds;

(hh)	partially developed townships;

(ii)	potential township land;

(jj)	sectional title schemes and share block schemes;

(kk)	small holdings (commercial and industrial uses); and

(ll)	timeshare scheme;

(mm)	servitudes;

(ii)	farms or agricultural property cluster, comprising—

(aa)	farms (including forests);

(bb)	agricultural small holdings;

(cc)	land on which mines are situate; and

(dd)	servitudes;