Commission 9 as Key to Global Network of Appraisal and Valuation
by G. Michael Yovino-Young
Key words: appraisal, valuation, profession.
Throughout the world, there are many regional trade organizations
that reflect the localized profession of valuer and appraiser. The
only linkage beyond regional borders is presently found in the
Commonwealth Association of Surveying and Land Economy (CASTLE) which
is limited to former colonies and British ruled countries.
There is a need to create a multi-national, multi-regional
communication within the property valuation professions worldwide.
Only FIG has the broad membership structure that encompasses all parts
of the world. Commission 9 is dedicated to serve member organizations
within which a valuation profession exists. Beyond the FIG member
organizations that are mainly if not exclusively land surveying
oriented, Commission 9 has the capacity to outreach to valuation
organizations and land economists to create a truly international
level of communication.
Beyond the membership of CASTLE which now numbers some 33
countries, there are only regional organizations serving the property
valuer. In Latin America, UPAV (Union Panamericana de Asociaciones de
Valuadores) has approximately eight member countries.
In Europe, TEGoVA (The European Group of Valuers’ Associations
has member organizations in 26 countries.
The only truly international organization currently existing is the
International Valuation Standards Committee or IVSC, based in London.
This organization was created in 1978 and is mainly directed towards
the establishment of universally accepted standards of professional
best practices, and has been successful in collaboration with he
financial and banking institutions
In North America, there are informal associations between the
various professional organizations in the USA and Canada. In southern
Africa, the Republic of South Africa and neighboring Zimbabwe have
mutual contact between valuation and related organizations. The same
is true for Australia, New Zealand, and Papua New Guinea.
However, none of these has any official organizational status or
FIG currently has 76 member organizations from 65 countries
representing all parts of the globe. Affiliate members and Academic
members from five additional countries, provide, 70 countries in total
number, the best worldwide coverage of any professional organization.
It is an objective of Commission 9 to establish communication links
with valuers in all countries represented in FIG and outreach to
valuers in other countries where FIG is not presently represented.
The task is to identify and establish communications with the
leaders of organizations of valuers and appraisers, to set up a series
of basic topics of mutual interest, create opportunities for sharing
of expertise and experience, and finally, offering opportunities to
come together for exchange of technical papers and research projects.
It is further expected that FIG’s Commission 9 will liaison with
regional organizations, the International Valuation Standards
Committee (IVSC), and interested members of academia to further the
sharing of mutual goals and objectives with countries and regions that
demonstrate a need for such help and expertise. It is anticipated that
many of these goals will be furthered by FIG’s status as an NGO
within the various programs of the United Nations.
G. Michael Yovino-Young, MAI, ASA, FRICS
Chairman, FIG Commission 9
2716 Telegraph Avenue