| Commentary

32 Qualifications of a valuer

| Commentary

D: VALUERS

32 Qualifications of a valuer

A valuer is a person who sets a price upon or estimates the value of property1. There are no specific statutory requirements as to the qualifications of a person acting as a valuer. A valuer’s ‘qualification’ is normally experience of the type of property and of the type of transaction in question. The valuation of real property is primarily founded on sales of comparable properties (‘comparables’) and in particular demands a competent knowledge of professional methods of valuation. Many valuers of real property are members of professional bodies where membership depends

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