If you’re considering buying a house, it’s important to know what the role of a property valuer is. A valuer performs a number of inspections to determine the market value of a property. The property valuer can either be an estate agent or an independent professional, usually a qualified surveyor. Either way, the valuer acts on the instructions of the seller or the lending institution. This professional will make an informed decision based on the details provided. Sydney Property Valuers Metro is one of the authority sites on this topic.
While real estate agents often advocate for their principals, property valuers are required to provide an unbiased opinion. Real estate agents may also be lawyers or conveyancers, and operate under different legislation than valuers. The Real Estate Agents Act 2008 governs real estate sales. Both real estate agents and property valuers are licensed by the Real Estate Institute of New Zealand. A property valuer’s role is to value property, and a real estate agent is not required to provide a legal opinion, but he or she must be a professional in the field.
As the role of the property valuer evolves, there will be a need for a more diverse workforce. While new technologies will help to speed up the valuation process, specialists will be needed to interpret the results, communicate findings, and act as trusted advisors for clients. The vastly diverse nature of commercial real estate will continue to demand that valuation professionals apply human judgment and analysis to the complex information they receive. While technology and artificial intelligence will no doubt continue to improve the value of valuations, it can never replace the human touch.
The Russian valuation profession reflects international patterns and practices. Its founding body, the Russian Society of Appraisers, is bound by the International Valuation Standards (IVS).
In divorce cases, a professional property valuer may be needed. Despite the fact that free market appraisals may be adequate in some situations, a property valuer’s opinion can be crucial in resolving complex property division disputes. As an expert in the field, a property valuer can help the divorcing parties come to an agreement and minimise costly rancor. Even in situations where the valuer cannot directly intervene in the divorce process, the valuation will be a legally-binding opinion for the courts to consider.
If you’re keen on becoming a property valuer, an apprenticeship can be an excellent choice. The role requires four to five GCSEs (grades 9-4) and A-levels. It’s important to be enthusiastic and passionate about the profession as employers will prefer people who are highly motivated and enthusiastic. In addition to completing a postgraduate degree, some employers advertise graduate trainee schemes. In addition to these, undergraduate and graduate surveying courses are useful for entry-level land valuers.a