1. REV AND TRV The Key to Valuers in Europe –
Wide Professional Recognition
Roger G. Messenger BSc (Hons) FRICS FIRRV MCIArb (Hons) MIPAV REV
Hon. CAAV
RICS Registered Valuer
Vice Chairman, TEGoVA
Chairman of REV Recognition Committee
Wilks Head & Eve

2. REV – Recognised European Valuer
TRV – TEGoVA Residential Valuer
- WHAT DOES IT BRING?

3. CLIENT: –
Confidence in ability and experience
Adherence to recognised European Valuation Standards
Compatibility cross-border
The best possible solution to reduce RISK

4. VALUER: –
Recognition of ability and experience
Additional credibility both in domestic and international markets
Competitive advantage
Ability to offer a quality service that has been recognised

5. REV: – Victim of its own success
Valuation company elites want to keep a small “elite” valuer community
ASAVAL taking the much more open and desirable approach of awarding REV to those who qualify and deserve. Very much applauded.

6. CLIENT PERSPECTIVE: –
Banks are increasingly demanding REV Cedric who follows – we will vouch for that in France. Even London, the stronghold of RICS, is changing, with Clients increasingly recognising REV.

7. We all know standards are a good thing and with a more integrated European property market, EVS continues to grow in importance and logically qualifications should grow alongside that.
The European Valuation excellence is all about REV.

8. REV is the opportunity for smaller firms of valuers and SME property advisers to compete with the large multi-national property advisory firms. Krzysztof Grzesik and indeed my own Practice is testament to this.

9. SO WHAT OF PORTUGAL, THEN?
Big turnaround in the fortunes of Portugal – outward-looking
Great public finances and a competitive workforce.
Real estate is reactive to the economy and the economy is doing well. There should be volume work in the property profession as a result, in the Portuguese residential market,. Hotels and also in Lisbon and Porto – commercial property. A real opportunity for REV valuers.

10. To assist the REV and TRV, we have put together the requirements of a Valuation Report for an REV to use.
A continuation of what looks good.
For the first time, we are also progressing this for TRV and we are at ‘draft’ stage.

11. TEGoVA can deliver the tools for the Valuer
TEGoVA can deliver the tools for the Valuer. Other standard-setters need to watch in awe!
STANDARDS
METHODOLOGY
REPORT CONTENTS
REV
TRV
YOU deliver the quality!

12. THANK YOU!
Roger G. Messenger BSc (Hons) FRICS FIRRV MCIArb (Hons) MIPAV REV
Hon. CAAV
RICS Registered Valuer
Vice Chairman, TEGoVA
Chairman of REV Recognition Committee
Wilks Head & Eve