|
Property
Valuer is a
professional who has been educated and trained to determine the value of
fixed property, execute feasibility studies and provide expert advice on
property related matters. An independent Valuer can provide impartial
and motivated reports on the value of real or limited rights in land.
The Valuer requires a combination of a number of professional qualities
and capabilities, and needs a thorough knowledge and understanding of
the interacting influences which create, maintain or diminish the value
of property or rights therein. The Valuer does not invent value, but
interprets market forces, which determine the value. Valuer is a
profession closely related to real estate. A Valuer determines the value
of property based upon market conditions at a given time.
One of the frequent applications of the Valuer's skill is to determine
values for purchase or sale, and for insurance purposes.
Valuers are qualified to undertake valuations in all classes of
properties, including commercial and industrial properties; all types of
residential properties, agricultural and special use properties.
However, most Valuers tend to specialize and do not undertake the full
range of valuations. It is therefore vitally important for clients to
select and appoint a registered Valuer with the relevant practical
experience required to undertake the specific valuation.
While it is essential as professional, the Valuers are governed by
The Board of Valuers, Appraisers and Estate Agents
under provision of Valuers, Appraisers and Estate Agents Act 1981. Its
primary function is to regulate the Valuers, Appraisers and Estate
Agents practicing in Malaysia.
|
