Rules for the Property Valuers Profession (No. 119 of 2008)

STAATSKOERANT, 21 NOVEMBER 2008 NO.31604 123 Assessment of practical experience 5. (1) To assess, for the purposes of section 20(2)(a)(iii) of the Act, the practical experience of work in property valuation of an applicant applying in terms of section 20 of the Act in the category of single residential property assessor, the relative weights set out in Annexure B in respect of the various types of single residential properties for the different purposes of property valuations listed in item 4 shall be applied to the numbers of property valuations provided and substantiated by the applicant in his or her application form submitted by him or her, and shall be processed electronically to determine a total weight, which, together with the various types of single residential properties valued by the applicant for different purposes of property valuations shall form the basis for assessment. (2) In the electronic process referred to in subitem (1), the number, to a maximum of 100, provided and substantiated by an applicant in each cell reflected in Annexure B, shall be multiplied by the relative weight concerned and the aggregate of the resulting calculations shall be divided by 100 to determine the final outcome. Application of assessment outcome 6. As a general norm, the minimum outcome reached in the assessment referred to in item 5, shall be a weight of 80 and one type of property valued for one purpose of property valuation. Supervision and control 7. (1) For the purposes of this Annexure, the professional under the supervision and control of whom a candidate single residential property assessor must perform his or her work as provided for in section 19(3) of the Act, shall be a professional valuer or professional associated valuer or a single residential property assessor, recorded and confirmed as such by the council ("supervisor"). (2) The supervisorl mentor shall countersign all property valuation reports and other documentation relating to work in property valuation, prepared by the candidate single residential property assessor, as verification of the fact that the supervisorl mentor has exercised the supervision and control contemplated by the said section 19(3) in respect of that work. (3) Only work in property valuation performed under supervision and control in accordance with subitem (1), shall be taken into account by the council for the purposes of the determination referred to in item 5. Restrictions and conditions 8. (1) A person registered in the category of single residential property assessor or candidate single residential property assessor, shall be restricted to the performance of work in property valuation in respect of single residential properties as defined in item 10. (2) The proviSions of subitem (1) shall not derogate from the council's powers under section 20(3) of the Act. in respect of any applicant applying, in terms of section 20(1) of the Act, for registration in the category of single residential property assessor or candidate single residential property assessor. Cancellation or variation of restrictions and conditions 9. A person registered in terms of this Annexure who wishes the restrictions and conditions referred to in item 8 to be cancelled or varied, must comply with all the requirements applicable to the registration of a candidate valuer as a professional valuer or as a professional associated valuer, as the case may be, including any other requirements prescribed or determined by the council from time to time. Definition 10. In this Annexure, "single residential property" means vacant single residential land, single dwellings, and individual residential units (sectional title and share block), corresponding to the types of properties referred to in item 4(b).