1. ASSOCIAÇÃO NACIONAL DE AVALIADORES IMOBILIÁRIOS
SPRING GENERAL MEETING OF TEGOVA
16-18 May 2019

2. Outline Brief Introduction Profile Organisation - Statutes
Organisation – Code of Ethics
Outputs
Why join TEGOVA?

3. Brief Introduction
Founded on October of 2004 the National Association of Real Estate Valuers (ANAI) is a non-profit Portuguese Association
ANAI’s mission:
represent the interests of the real estate valuers before public authorities and the main professional bodies;
contribute to the education of the professional valuers;
ensure the respect of ethical and professional values;
draft, promote and recommend a standard approach to valuation methodologies; and
promote a set of academic requirements which professional valuers must comply.

4. Profile Legal form and Role
LEGAL FORM: non-profit Portuguese Association
LOCATION: The association has its official headquarters in IAPMEI - Portuguese Agency for SME and Innovation
MEMBERS: 690 members (641 individual qualified valuers and 49 companies)
EDUCATIONAL REQUIREMENTS: multidisciplinary scientific and academic profile provided for by law 153/2015 of September 14 and Ordinance No. 788/2004 of July 9.
ROLE: represent and regulate members and promote the best practices in all aspects of real estate valuation.

5. Statutes
Organs and Composition
Powers of Organs
Rights of the Members
Obligations of the Members
Suspension of Members
Termination of Members
Member fees
Meetings
Quorum & Decisions
ORGANS AND COMPOSITION
ANAI Direction (President and 13 members);
Fiscal and Deontology Council (Supervise the financial management of the ANAI Association and Disciplinary - first instance jurisdiction over real estate valuers).
Scientific Council (composed of scientists, real estate valuers and scholars of the highest repute)
General Assembly (consists of all Members. It is the supreme governing body of the organisation. The Executive Board will consist of the elected officers/members of the Association)
The Association operates according to the principles established in its statutes.

6. Code of Ethics Article 9 Articles 17 and 18
The Code of Ethics aims at providing guidelines with the objective of ensuring that valuation reports meet the highest standards of professionalism, integrity, clarity, reliability and impartiality, as well as conformity with nationally and internationally recognized appraisal standards.
Article 9
(15) “apply Specific policies and procedures that ensure Annual quality control”. More specifically, the members are subject to an annual audit for quality control that consists on presenting a valuation report; professional liability insurance and the respect for the Association's code of ethics.
The content and structure of valuation reports are made in accordance with the law 153/2015 of September 14* and other recommendations.
*Law of the Portuguese Securities Market Commission (CMVM).
Articles 17 and 18
The Code of Ethics also defines the impediments and incompatibilities during the performance of their duties, for instance, incompatibilities between valuation and mediation.

7. Outputs INTERNAL PROCEDURES EXTERNAL PROCEDURES
Minimum Educational Requirements
Code of Ethics
Specific policies and procedures (consists on reporting legal information about the activity of an ANAI member to Portuguese Securities Market Commission (CMVM) and apply a procedure to analyze Assessment (Matrix of Reports)
Professional liability insurance
Provide technical and legal support
EXTERNAL PROCEDURES
Promoted Machinery and Equipment Appraisal Standards
Promote courses for training real estate valuers  professionals
Publications: Figueiredo R. (January 2012) Handbook theoretical-practical of Comparative Method; ANAI (July 2009) Compilation of relevant legislation in Real Estate Valuation
Monthly Newsletters - news about legislation, regulations, reports, national and international events in the field of real estate valuation.
Academic Protocols

8. Outputs
ANAI is often invited to cooperate with public entities and decision makers of the Portuguese real estate sector, including:
Portuguese Securities Market Commission (CMVM)
Portuguese Banking Association
State Secretariat for Housing

9. Why join TEGOVA?
ANAI in accordance with valuation standards set out by TEGOVA – EVS - Blue Book.
Promote the real estate valuation profession in Europe and upholds professional ethics
Offers opportunities for exchanging views and international contacts
Following the recommendations of Portuguese Decree-Law no. 74- A/2017 of 23rd July 8 (legislation transposing the Directive 2014/17/EU), that recommends the adoption of the international valuation standards)

10. Thank you! For More Information
Further information can be accessed through:
ANAI website
Thank you!