Property Valuers Profession Act, 2000 (Act No. 47 of 2000)RulesRules for the Property Valuers Profession Amendment, 2022AnnexuresAnnexure C.2 : Specific requirements: single residential property assessor and candidate single residential property assessor5. Assessment of practical experience |
(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/her application form submitted by him/her, and shall be processed 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 of assessment. |
(2) | In the assessment process referred to in sub-item (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. |