Defvas Project In Partnership with TEGoVA and the IRRV THE RECOGNISED EUROPEAN VALUER

Defvas Project In Partnership with TEGoVA and the IRRV HOW IT WORKS Awarded to individual practising valuers belonging to a TEGoVA Member Association(TMA) Recognition is granted by a TEGoVA approved TMA Reflects local culture whilst ensuring trans European standards. Individual certificate valid for five years (Renewable) TMA subject to regular audit by TEGoVA

Defvas Project In Partnership with TEGoVA and the IRRV INDIVIDUAL REQUIREMENTS (1) Candidates must meet required standards in Education, Ethics, Experience and CPD Education & Experience A recognised university degree relevant to asset valuation - 2 years experience A recognised university degree, relevant to real estate - 5 years experience Without a university degree, or relevant professional qualification -10 years experience

Defvas Project In Partnership with TEGoVA and the IRRV INDIVIDUAL REQUIREMENTS (2) Ethics – A valuer must declare that he adheres to the code of ethics and valuation standards of the TMA CPD – A valuer must carry out at least 20 hours of continuous professional development per year Regulation – Where appropriate, be legally recognised to practise valuation in their country of origin

Defvas Project In Partnership with TEGoVA and the IRRV OTHER ISSUES Use of REV™ by Valuation Firm – The Scheme permits a firm of practising valuers to use without charge the designation 'Recognised European Valuers Stamps & Logos – A stamp for endorsement on valuation reports by individual REVs is available – Valuation firms allowed to call themselves 'Recognised European Valuers' may use the REV logo – MAs authorised to award REV certificates can use an Awarding Member Association REV™ Register – A register of the REV valuers is available.on the TEGoVA Website

Defvas Project In Partnership with TEGoVA and the IRRV STATEMENT OF INTENT “ The Recognised European Valuer Scheme and use of the designatory letters REV™ provides a trans-European assurance to investors of all types by setting a transparent and demanding standard of ability and experience.”