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Valuers Bill

Regulation of public valuers - Registration of valuers - When person may be registered

17: Other qualification requirements

You could also call this:

"What you need to qualify as a valuer"

Illustration for Valuers Bill

If you want to be registered, you must meet some requirements. You need to have a recognised certificate, which is explained in section 18, and have at least 3 years of practical experience in New Zealand in valuing land within the last 10 years. You can also meet the requirements by passing an approved exam and having at least 3 years of practical experience in New Zealand in valuing land within the last 10 years. If you got your certificate outside New Zealand, you must have at least 3 years of practical experience in valuing land within the last 10 years, with at least 1 year of that experience in New Zealand within the last 3 years. You must also pass an exam approved by the Board in New Zealand valuation law and be a member of an overseas valuers institute or association that has an agreement with the Board. When we talk about a "previous" period, we mean the time before you apply. You can find more information about what is required in section 16(d). The Board sets the rules for registration, so you must meet their requirements. The rules are in place to make sure you are qualified to be a valuer in New Zealand.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS655098.

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Part 2Regulation of public valuers
Registration of valuers: When person may be registered

17Other qualification requirements

  1. This section applies for the purposes of section 16(d).

  2. The requirement in this subsection is that the person—

  3. holds a recognised certificate (see section 18); and
    1. has had at least 3 years’ practical experience in New Zealand in the valuing of land within the previous 10 years.

      1. The requirement in this subsection is that the person—

      2. has passed 1 or more examinations approved by the Board; and
        1. has had at least 3 years’ practical experience in New Zealand in the valuing of land within the previous 10 years.

          1. The requirement in this subsection is that the person—

          2. holds a recognised certificate granted outside New Zealand; and
            1. has had at least 3 years’ practical experience in the valuing of land within the previous 10 years, of which at least 1 year is experience acquired in New Zealand within the previous 3 years; and
              1. has passed an examination approved by the Board in the valuation law of New Zealand; and
                1. is at the date of their application, or was within the previous 12 months, a member in good standing of an overseas institute or association of valuers with which the Board has a current reciprocity agreement.

                  1. In this section, a reference to a previous period (for example, the previous 10 years) is a reference to the period preceding the date of the application.