tegova general assembly 28 october 2017 draft minutes · hans van den heuvel (vbo makelaar) said...

Draft Minutes TEGoVA General Assembly Marseille 28 October 2017 – t17-33 of 30.11.2017

TEGoVA General Assembly – Marseille – 28 October 2017

Draft Minutes The meeting was declared open at 9h30 under the chairmanship of Krzysztof Grzesik (PFVA). Those present or represented at the General Assembly are indicated in Annexes I and II. Voting rights share-out chart in Annex III. Proxies from BDVI to BVS, ÖVI to ARE, IsIVI to ASSOVIB and CCA to PFVA.

The Assembly recognised itself as validly constituted and fit for deliberation. The General Assembly nominated Denis Pelouse (CEIF-FNAIM) and Cédric Perrière (CNEI) as Secretary and as Scrutineer, respectively. I. APPROVAL OF THE MINUTES OF THE LAST GENERAL ASSEMBLY The minutes submitted to the delegates under t17-16 of 14.06.2017 were approved without amendment.

II. TEGoVA FINANCES Budget for the 2018 Financial Year The Treasurer, Jean-François Drouets (AFREXIM), presented the financial situation of the current

year. The year will close with an important surplus. The annual subscriptions have been cashed with the

exception of one member and the expenses are respecting the budget.

Regarding 2018, Jean-François Drouets announced a healthy financial budget. An amount of € 300.000

is expected from the annual subscription fees and € 460.000 from the complementary subscription fees

originated by the REV, REVC and TRV programmes.

The budgeted and allocated expenditure of € 576.000 is presented in the annexed chart without Belgian

VAT to show the weight of the VAT in the budget which reaches almost € 100.000.

The Treasurer announced an estimated € 100.000 budgetary surplus which will increase the reserves of

TEGoVA.

The budget includes the balance of the one-off income and expenses coming from the REVASE project

financed by EU funds.

The 2018 income amounts to € 792.896 and the expenditure budget amounts to € 792.896. The budget

is therefore balanced.

Draft Minutes TEGoVA General Assembly Marseille 28 October 2017 – t17-33 of 30.11.2017 2

The 2018 budget and the 2018 Members’ subscriptions were approved by unanimity (see Budget in

Annex IV).

Note from the Secretariat: Correction: The income chart and the expenditure chart of the 2018

budget presented in Marseille include a couple of wrong figures; the charts have been amended

accordingly for these Minutes.

Patrick Lotthé (CSN) asked whether, given these favourable finances, it would be envisageable to reduce membership subscriptions. Jean-François Drouets answered that TEGoVA needs the income to ensure its reserves and security needs. Krzysztof Grzesik pointed out that the level of subscriptions has been frozen for a decade, so in real terms it is falling. François Isnard (Managing Director) added that it would not make sense or be fair to ask the AMAs, C-AMAs and R-AMAs to shoulder a disproportionate amount of TEGoVA’s costs. TEGoVA works for everyone. III. REV 1. Audit reports regarding ANEVAR and BDVI

Roger Messenger (IRRV), Chairman of the Recognition Committee, reported. The Board had

considered the Recognition Committee’s favourable audit conclusions regarding ANEVAR and BDVI

and had decided to maintain their status as awarding bodies with the right to issue REV certificates of

recognition to individual valuer members, and to recommend ratification thereof by the General

Assembly.

The General Assembly unanimously ratified the Board’s approval of the Asociația Națională a Evaluatorilor

Autorizați din România (ANEVAR) and the Bund der Öffentlich bestellten Vermessungsingenieure e.V. (BDVI) to continue to issue REV certificates to individual valuer members.

2. Assessment report regarding NAVM, UABVS and USOA Roger Messenger reported. The Board had considered the Recognition Committee’s favourable

assessment conclusions regarding NAVM, UABVS and USOA and had decided to approve them as

awarding members of the Recognised European Valuer status (AMA), and to recommend ratification

thereof by the General Assembly.

The General Assembly unanimously ratified the Board’s previous approval of the National Association of

Valuers of Montenegro (NAVM), the Ukrainian Association of Bank Valuation Specialists (UABVS) and the

Ukrainian Society of Appraisers (USOA) for admittance by TEGoVA as awarding members of the

Recognised European Valuer (AMA) status.

To general applause, Krzysztof Grzesik handed over the TEGoVA/NAVM Agreement to Milan

Mirković, the TEGoVA/UABVS Agreement to Aleksey Kalapusha and the TEGoVA/USOA


Agreement to Valery Yakubovsky, respectively President and Members of the Board of the new awarding

member associations.

IV. REVC 1. Audit report regarding ATASA

Roger Messenger reported. The Board had considered the Recognition Committee’s favourable audit

conclusions regarding ATASA and had decided to maintain its status as awarding body with the right to

issue REVC certificates of recognition to valuation company members, and to recommend ratification

thereof by the General Assembly

The General Assembly unanimously ratified the Board’s approval of the Asociación Profesional de Sociedades

de Valoración (ATASA) to continue to issue REVC certificates to valuation company members.

2. AEV Roger Messenger reported. The Board considered the Recognition Committee Chairman’s requirements and favourable comments regarding AEV and decided to approve AEV as awarding body with the right to issue REVC certificates of recognition to valuation company members “subject to contract” (TEGoVA/AEV Agreement), and to recommend ratification thereof by the General Assembly. The General Assembly unanimously ratified the Board’s decision. V. TRV

1. Assessment reports regarding NVM, VastgoedPRO and VBO MAKELAAR Roger Messenger reported. The Board had considered the Recognition Committee’s favourable assessment conclusions regarding NVM, VastgoedPRO and VBO MAKELAAR and had decided to approve them as awarding members of the TEGoVA Residential Valuer status (R-AMA), and to recommend ratification thereof by the General Assembly. The General Assembly unanimously ratified the Board’s approval of the Nederlandse Vereniging van Makelaars en Taxateurs in Onroerende Goederen (NVM), VastgoedPRO and VBO MAKEMLAAR for admittance by TEGoVA as awarding members of the TEGoVA Residential Valuer (R-AMA) status. To general applause, Krzysztof Grzesik handed over the TEGoVA/NVM Agreement, the TEGoVA/VastgoedPRO Agreement and the VBO MAKELAAR Agreement, to Sebastiaan Roggeveen, Roland Knoester and Gijs de Jager, respectively Valuation Expert, Managing Director and Honorary Member of the Board of the new residential awarding member associations.


VI. AVMs 1. Dutch law allowing use of AVMs at initiation without valuer involvement for properties

serving as collateral for the mortgage loan – TEGoVA campaign to get the European Commission to investigate incorrect transposition of the Mortgage Credit Directive (MCD) and infringement of the Capital Requirements Regulation (CRR)

Michael MacBrien (Secretariat) reported on progress in the campaign. Never before had a political effort involved so many members of TEGoVA. A stunning proportion of TEGoVA’s EU membership had gotten one or more of their Members of the European Parliament to write to Commission Vice President Valdis Dombrovskis, Vice-President for the Euro and Social Dialogue, Financial Stability, Financial Services and Capital Markets Union (and therefore covering both the MCD and the CRR). Some of the MEPs had also put questions to the Commissioner in Parliament. As a result, when TEGoVA again approached the Commission, they immediately accepted to meet. On 18 September four Commission Officials met with Krzysztof Grzesik, Hans Van den Heuvel (VBO Makelaar), Jeroen Dewispelaere (& De Bandt, TEGoVA’s EU law firm), and Michael MacBrien. Almost no time was devoted to TEGoVA’s legal arguments as the officials were well prepared. Instead, the time was spent explaining what AVMs are and the major perils for consumer protection that arise when they are used to produce valuation reports without any involvement by a qualified valuer. A major talking point was the question of AVM accuracy. The point was made that for traditional AVM work such as bank audits or mass appraisal for local taxation, only averages matter, but that averages offer no comfort to home buyers seeking to know the real market value of their mortgage collateral, the most important purchase and debt of their existence. It was pointed out that there is one field in which European and U.S. AVM manufacturers are on the same page: their clear public warnings that their outputs are not valuations, usually accompanied by an encouragement to homeowners to supplement their information with a professional valuation. TEGoVA’s view was that consumers have a particular need for clarity on the value of their homes thanks to sound appraisals by qualified valuers. The Commission officials found the arguments convincing, and said would take them forward in their further talks with the Dutch government. Michael MacBrien warned that all this was still a long way from the Dutch government and Parliament deciding to amend their legislation, but at least TEGoVA finally had traction. 2. Adaptation of EVS to the regulatory challenges raised by AVMs Krzysztof Grzesik said that the least that TEGoVA can do in this situation is ensure that the Blue Book be a pillar of valuation by qualified, independent valuers as opposed to stand-alone machines. EVS 2016 needed immediate strengthening in this regard. He proposed to the General Assembly that it ratify the Board’s decision to make the draft EVS 6 – Lead writer Michael MacBrien – and EVGN 11 – Lead writer Danijela Ilić – an immediately operational part of EVS. He then opened the debate.


Wolfgang Kälberer (vdp) said that such an initiative was breaking with EVS philosophy by developing a standard for purely policy reasons. EVS and EVSB should be at a distance from policy. A more balanced text was needed. Sometimes AVMs are good, and their strengths must be recognised. Some AVMs are fed transaction prices and there is nothing more accurate than that. He further doubted that a standard would be the right instrument. Leandro Escobar (ATASA) said that he supported TEGoVA’s campaign, but nonetheless he fully supported Wolfgang Kälberer’s view, in particular that a standard is not an proper instrument for addressing the valuer/AVM relationship. Bernhard Bischoff (BVS) said that the standard as presented here wasn’t ready because there were too many mistakes concerning, inter alia, the treatment of AVMs and Market Value or the use of AVMs by the financial system. However, he said that he would be unable to provide any alternatives for some time and the discussions with Krzysztof Grzesik and others on the nature of these ‘mistakes’ did not lead to anyone agreeing with him. Patrick Davitt (IPAV) said that he had sought election to the Board of TEGoVA so as to represent his members. IPAV has 600 valuers. They make valuations. His members expect TEGoVA to defend them. A standard is the only adequate instrument because it is the only one that valuers are under obligation to comply with. There have to be strict rules for the use of AVMs. Marco Kreuger (NVM) said that TEGoVA and its Dutch members are not fighting technological progress or the Dutch government. Theirs is rather a campaign for accuracy in valuation. The Dutch law is a misinterpretation of what good standards are. What is needed is clarity via a Standard. TEGoVA needs EVS 6 not to battle with government but to fight for good standards. Hans Van den Heuvel (VBO Makelaar) said that this is not about politics but about the valuer. TEGoVA should react to the world around it. The ‘Five Tables of the Law’ need to respond to new AVM events. TEGoVA is reacting to market developments, not politics. Roger Messenger said that a standard is TEGoVA’s and the Blue Book’s most powerful tool and therefore well suited for this purpose. He saw no downside. Wolfgang Kälberer said that European Valuation Standards are supposed to be independent from fluctuations. Markets are volatile. They can change quickly. A Guidance Note is more appropriate as it serves to advise professionals on how to deal with professional tools. Krzysztof Grzesik said that the valuation profession had a chance, here today, not to oppose progress,

but to embrace it by integrating AVMs into its standards, and it should do so without fear of upsetting

the banking lobby which for its part pays little attention to the views of TEGoVA. He also noted that

the European Mortgage Federation has endorsed the use of AVMs in co-operation with the European

AVM Alliance. What is TEGoVA supposed to do? Stay quiet?

He put three matters to a vote:

1. Approval of EVS 6 unchanged to be an integral and immediately operational part of EVS 2. Approval of EVGN 11 unchanged to be an integral and immediately operational part of EVS 3. Immediate termination of the current EVIP 6 Automated Valuation Models (AVMs)


The General Assembly voted in favour of all three by an overwhelming show of hands.

AVMs vs. Appraisals: A U.S. Perspective

Scott Robinson MAI, SRA, AI-GRS Immediate Past President Appraisal Institute (AI)

The IAAO Approach to AVMs

Randy J. Ripperger, CAE President

International Association of Assessing Officers (IAAO)

VII. EUROPEAN VALUATION STANDARDS BOARD (EVSB) Michael Reinberg (ARE) EVSB Chairman, reported on work in progress. He reviewed:

• Minimum Valuation Report for Residential Property

• Valuation Review

• New definition of ‘Market Value’ replacing ‘arm’s length transaction’ (which had wreaked havoc, not just with translations of EVS, but also with official EU versions of CRR) with an integrated, harmonised definition of what ‘arm’s length transaction’ really means.

The EVSB Chairman then referred to the completed work which had been circulated to members:

• EVGN on Listed Residential Property – Lead writer Angelos Simos


• EVIP on Residential Tenancies and Rent Control – Lead writer Jeremy Moody

• EVIP on Multiple Interests in Residential Property – Lead writer Jeremy Moody

• EVIP on Inalienable and Unassignable Property – Lead writer Jeremy Moody Angelos Simos (AVAG) presented the EVGN on Listed Residential Property. Michael Reinberg said that the EVSB considered its work on these topics to be completed and the TEGoVA Board had signed off, but he stressed that, unlike the AVM work, this work does not yet become operational and part of EVS. This will only happen when the General Assembly ratifies the complete package of the next edition of EVS, and all members are free to comment at any time between now and then. VIII. EUROPEAN VALUATION PRACTICE AND METHODOLOGY BOARD (EVPMB) Philippe Guillerm (AFREXIM), Chairman of the EVPMB, reported:

• MLV: The TEGoVA Board had decided that the EVPMB’s work should be put on hold pending

the Commission’s tabling of a Proposal for a Covered Bond Directive in February 2018. Given

that valuation as a whole will be covered by the Directive, with MLV for funding and for lending,

the TEGoVA Board had agreed that TEGoVA should not act independently from, and in

ignorance of, this.

• EVIP 5 – Valuation Methodology: The EVPMB will provide more detail on: the comparative method, the income approach, the cost approach and harmonising yields.

• EVIP 3 – Apportionment of Value between Land and Buildings: There is a split between land and buildings on primary cost-based valuations which is done for depreciation purposes and is signed off by the client. The apportionment is being increasingly challenged by accountants. The EVPMB will define a methodology for apportioning the split.

• Cost-based Valuations for Specialised Buildings: In some places valuers turn to cost-based valuation where it appears easier than MV, even if comparables are available. The EVPMB will establish a clear hierarchy of the different methods of valuation:

1) MV 2) Receipts and expenditures / profits value 3) DRC

Russian-language EVS Igor Artemenkov (RSA) presented the General Assembly with the Russian-language version of EVS 2016.


IX. TEGOVA MEMBERSHIP CANDIDATURES Upgrades

1. Italy

From Observer to Full Member

➢ ISTITUTO di ESTIMO e VALUTAZIONE (IEV) E-Valuations – Institute of Estimation and Valuation

Approved.

2. Kosovo

From Observer to Associate Member

➢ SHOQATES SE VLERESUESVE TE KOSOVES (SHVK)

Kosovo Appraisers Association (KAA) Approved. New Members

1. France

➢ UNION DES SYNDICATS DE L’IMMOBILIER (UNIS) National Union of Property Professions (Full Member)

Presentation by Jean-François Trably, Treasurer Approved.


2. Bosnia and Herzegovina

➢ UDRUZENJE OVLASCENIH PROCJENJIVACA u BOSNI i HERCEGOVINI (UOPBiH) Association of Certified Appraisers in Bosnia and Herzegovina (ACABH) (Associate Member)

Presentation by Saša Žižek, member of the Slovenian Institute of Auditors (SIR) in the name of UOPBiH Approved.

3. Kosovo

➢ INSTITUTI PËR VLERËSIME DHE STUDIME PRONËSORE (IVSP) Institute for Appraisals and Property Studies (IAPS)

(Associate Member) Presentation by Dritero Kadolli IRRV, Managing Director Approved.

4. United States of America

➢ INTERNATIONAL ASSOCIATION of ASSESSING OFFICERS (IAAO) (Observer Member)

Presentation by Ronald D. Worth, CAE, Executive Director Approved.


“The REVASE Project”

David Magor OBE IRRV (Hons) Chief Executive

Institute of Revenues Rating and Valuation (IRRV)

X. SPRING 2018 GENERAL MEETING AND VALUATION CONFERENCE Estoril (Portugal), 17-19 May 2018, organised by the Associçäo Profissional das Sociedades de Avliaçao (ASAVAL) - Professional Association of Valuation Companies of Portugal Presentation by Engª. Isabel Araújo Ferreira, Member of the Board of ASAVAL XI. CANDIDATURES FOR HOSTING OF FUTURE GENERAL MEETINGS

Autumn 2018 (18-20 October 2018)

Athens, organised by AVAG (inspection and approval pending)

Spring 2019 (25-27 April 2019)

Vienna, organised by ÖVI (approved)

Melita Besvina, President of HDSViP (Croatia) and Dritero Kadolli, Executive Director of IVSP (Kosovo) expressed their desire to be candidates to organise General Meetings in Dubrovnik and in Prishtina, respectively. The Chairman reminded members that any candidatures must be presented to the Secretariat for consideration by the Board following the normal procedure. XII. ANY OTHER BUSINESS ‘TEGoVA Academic Recognition’ Roger Messenger informed the Assembly that an Editorial Board would be set up chaired by John Hockey to vet applications from TMAs that wish to recognise academics who are useful to TEGoVA.


Valuer business streams for those involved in property taxation Roger Messenger asked members to inform the Secretariat of persons in their organisations in charge of property tax. The Chairman thanked Philippe Conté, Denis Pelouse and Emmanuelle Gauthier, respectively President, Deputy President and Member of the Board of FNAIM, the organisers of the event, and presented them with a silver plate to mark the occasion. The meeting ended at 15:15.

Krzysztof Grzesik

PFVA

Denis Pelouse

CEIF-FNAIM

Cédric Perrière

CNEI

Chairman Secretary Scrutineer


ANNEX I

Attendance List

Spain

AEV

ASOCIACIÓN ESPAÑOLA DE ANÁLISIS DE VALOR (AEV)

Spanish Association of Value Análisis

Present Proxy from …… Absent Proxy to ……

Delegate: L. Mays

Spain

AEVIU

ASOCIACIÓN ESPAÑOLA DE VALORACIÓN INMOBILIARIA Y URBANÍSTICA

(AEVIU) Spanish Association of Real Estate and Urban Appraisal


Delegates: A. Cabrera; C. Marmolejo

France

AFREXIM

ASSOCIATION FRANCAISE DES SOCIÉTÉS D'EXPERTISE IMMOBILIÈRE

(AFREXIM)

French Association of Property Valuation Companies

•


Delegates: J-F. Drouets; P. Guillerm

United States

of America

AI

OBSERVER

APPRAISAL INSTITUTE (AI)


Delegate: J. Scott Robinson

Canada

AIC

OBSERVER

APPRAISAL INSTITUTE of CANADA (AIC)


Delegates: -

Romania

ANEVAR

•

ASOCIATIA NATIONALA A EVALUATORILOR DIN ROMANIA (ANEVAR)

National Association of Romanian Valuers

Present Proxy from …. Absent Proxy to ……

Delegates: D. Manate; D. Ababei; A. Ciobanu

http://www.tegova.org/en/4294305b2d677

http://www.tegova.org/en/4294305b2d677

http://www.tegova.org/en/429b21b575758

http://www.tegova.org/en/429b21b575758

http://www.tegova.org/en/42972569be676


Austria

ARE

VERBAND ÖSTERREICHISCHER IMMOBILIENSACHVERSTÄNDIGER (VÖI)

Austrian Association of Real Estate Experts (ARE)

Present Proxy from ÖVI Absent Proxy to …. Delegate: M. Reinberg

Portugal

ASAVAL

ASSOCIAÇÁO PROFISSIONAL DAS SOCIEDADES DE AVALIAÇÁO

Professional Association of Valuation Companies of Portugal

P

Present Proxy from …… Absent Proxy to ….

Delegate: P. Barros Trindade; I. Araújo Ferreira

Italy

ASSOVIB

ASSOCIAZIONE SOCIETÀ DI VALUTAZIONI IMMOBILIARI PER LE BANCHE

(ASSOVIB)

Association of Property Valuation Companies for the Banking Sector

Present Proxy from IsIVI Absent Proxy to ……

Delegate: S. Cappelli

Spain

ATASA

ASOCIACION PROFESIONAL DE SOCIEDADES DE VALORACION (ATASA)

Professional Association of Valuation Companies of Spain


Delegates: l. Escobar; S. Suarez; M. Rodriguez-Viña

Greece

AVAG

ΣΥΛΛΟΓΟΣ ΕΚΤΙΜΗΤΩΝ ΕΛΛΑΔΟΣ (ΣEKE)

Association of Greek Valuers (AVAG)

P

< Present Proxy from …… Absent Proxy to …… Delegates: C. Fotopoulou; K. Pallis

Germany

BDVI

BUND DER ÖFFENTLICH BESTELLTER VERMESSUNGSINGENIEURE e.V.

(BDVI)

German Association of Publicly Appointed Surveyors

Represented Proxy from …… Absent Proxy to BVS

Delegate: B. Bischoff

Republic of Macedonia

BSV

BIRO ZA SUDSKI VESTACENJA (BSV)

Bureau of Court Expertise

Present Proxy from …… Absent Proxy to …… <

Delegates: I. Odai; S. Hristoska; A. Gorgievska-Gavilovska

http://www.tegova.org/en/428de8c74e420

http://www.tegova.org/en/428de8c74e420

http://www.tegova.org/en/42972a57a9b0f

http://www.tegova.org/en/429458dd28292

http://www.tegova.org/en/429458dd28292


Germany

BVS

BUNDESVERBAND ÖFFENTLICH BESTELLTER UND VEREIDIGTER SOWIE

QUALIFIZIERTER SACHVERSTÄNDIGER (BVS)

Association of Publicly Certified and Qualified Experts

Present Proxy from BDVI Absent Proxy to …… Delegate: B. Bischoff

United Kingdom

CAAV

CENTRAL ASSOCIATION OF AGRICULTURAL VALUERS (CAAV)


Delegates: A. Coney; J. Moody

Czech Republic

CCA

CESKA KOMORA ODHADCU MAJETKU (CKOM)

Czech Chamber of Appraisers (CCA)

Represented Proxy from … Absent Proxy to PFVA Delegate: M. Wisniewski

France

CEF

CONFÉDÉRATION DES EXPERTS FONCIERS (CEF)

Confederation of Property Valuers

Present Proxy from… Absent Proxy to ….

Delegate: M. Booth

France

CEIF- FNAIM

CHAMBRE DES EXPERTS IMMOBILIERS DE FRANCE (CEIF)

Chamber of the Real Estate Valuers of France


Delegates: P. Conté; D. Pelouse; E. Gauthier

Italy

CEPAS

OBSERVER

CEPAS srl

Certification Body

Present Proxy from … Absent Proxy to ..… Delegate: -

Bulgaria

CIAB

КАМАРА НА НЕЗАВИСИМИТЕ ОЦЕНИТЕЛИ В БЪЛГАРИЯ (КНОБ)

Chamber of Independent Appraisers in Bulgaria (CIAB)


Delegates: S. Dermendzhieva; K. Kavaldzhieva

http://www.tegova.org/en/p42946187d6e4b

http://www.tegova.org/en/p42946187d6e4b

http://www.tegova.org/en/429b1be0cd543

http://www.tegova.org/en/42cbe31b459cb

http://www.tegova.org/en/42933f57ae3f8

http://www.tegova.org/en/p4294347f56ddc


France

CNEI

COMPAGNIE NATIONALE DES EXPERTS IMMOBILIERS (CNEI)

National Company of Real Estate Experts

Present Proxy from …… Absent Proxy to …… Delegate: C. Perrière

Italy

CNGeGL

CONSIGLIO NAZIONALE GEOMETRI e LAUREATI (CNGeGL)

National Council of Surveyors


Delegate: A. Benvenuti; M. Grazia-Scorza;

Bulgaria

CPV

CHAMBER OF PROFESSIONAL VALUERS (CPV)

Камарата на професионалните оценители


Delegates: N. Kedov; B. Boneva

France

CSN

CONSEIL SUPERIEUR DU NOTARIAT (CSN)

High Council for the Notarial Profession


Delegates: P. Lotthé; T. Delesalle; C. Rey du Boissieu ; L. Balzac

Montenegro

CUP

UDRUŽENJE NEZAVISNIH PROCJENJIVAČA CRNE GORE (CUP) Association of Independent Valuers of Montenegro

Present Proxy from …… Absent Proxy to …… Delegate: -

Cyprus

CVA

CYPRUS VALUERS ASSOCIATION (CVA)

Σύνδεσμος Επιστημόνων Εκτιμητών Ακινήτων Κύπρου


Delegate: -

Denmark

DE

•

DANSK EJENDOMSMAEGLERFORENING (DE)

The Danish Association of Chartered Estate Agents


Delegate: -

http://www.tegova.org/en/4294896ea26e7

http://www.tegova.org/en/p4639f9753140c

http://www.tegova.org/en/42933f57ae3f8


Croatia

HDSViP

HRVATSKO DRUŠTVO SUDKIH VJEŠTAKA I PROCJENITELJA (HDSViP)

Croatian Association of Court Expert Witnesses and Valuers (CACEWaV)

Present Proxy from … Absent Proxy to ..… Delegate: M. Bestvina

Germany

HypZert

OBSERVER

HYPZERT GmbH

Certification Body

P


Delegate: -

Italy

IEV

OBSERVER

ISTITUTO di ETIMO e VALUTAZIIONE (IEV)

E-Valuations – Institute of Estimation and Valuation

Present Proxy from …… Absent Proxy to …… Delegate: T. Bosco

France

IFEI

INSTITUT FRANCAIS DE L'EXPERTISE IMMOBILIÈRE (IFEI)

French Institute of Real Estate Valuation


Delegate: C. Galpin

Ireland

IPAV

INSTITUTE OF PROFESSIONAL AUCTIONEERS AND VALUERS (IPAV)


Delegates: P. Davitt; B. Dempsey

Montenegro

IOPCG

INSTITUT OVLAŠĆENIH PROCJENJIVAČA CRNE GORE (IOPCG)

Institute of Certified Valuers of Montenegro

Present Proxy from …. Absent Proxy to …… Delegates: S. Radović;

United Kingdom

IRRV

INSTITUTE OF REVENUES RATING AND VALUATION (IRRV)

Present Proxy from Absent Proxy to ……

Delegates: R. Messenger; G. Heath; D. Magor; J. Hockey

http://www.tegova.org/en/4294896ea26e7

http://www.tegova.org/en/p42942db1bc5ed

http://www.tegova.org/en/428b5d23e8e55

http://www.tegova.org/en/428b5d23e8e55


Italy

IsIVI

•

ISTITUTO ITALIANO di VALUTAZIONE IMMOBILIARE (IsIVI)

Italian Institute for Real Estate Valuation

Represented Proxy from … Absent Proxy to ASSOVIB

Delegate: S. Cappelli

Germany

IVD

IMMOBILIENVERBAND DEUTSCHLAND IVD BUNDESVERBAND e.V. (IVD)

German Real Estate Professional Association


Delegate: A. Weber

Georgia

IVSG

საქართველოს დამოუკიდებელ შემფასებელთა საზოგადოება

Independent Valuers Society of Georgia (IVSG)

Present Proxy from …. Absent Proxy ….

Delegate: N. Beraia

Germany

IW

OBSERVER

INGENIEURBÜRO WESELMANN GmbH

Ship Valuation Company

Present Proxy from …… Absent Proxy to …… Delegate: -

Kosovo

KAA

OBSERVER

SHOQATES SE VLERESUESVE TE KOSOVES (SHVK)

Kosovo Appraisers Association (KAA)

Present Proxy from …… Absent Proxy to …… Delegates: D. Latifi; G. Sjdiu

Republic of Macedonia

KPRM

KOMORA NA PROCENUVACI NA REPUBLIKA MAKEDONIJA (KPRM) Chamber of Valuers of the Republic of Macedoni


Delegate: -

Latvia

LIVA

•

LATVIJAS IPASUMU VERTETAJU ASOCIACIJA (LIVA)

Latvian Association of Property Appraisers


Delegate: I. Strautins

http://www.tegova.org/en/42948e7b0a75e

http://www.tegova.org/en/p42946fa46225f

http://www.tegova.org/en/p4b0675ffb7725

http://www.tegova.org/en/429490a30da7a


Lithuania

LTVA

•

LIETUVOS TURTO VERTINTOJU ASOCIACIJA (LTVA)

Lithuanian Association of Property Valuers


Delegate: -

Hungary

MAISZ

MAGYAR INGATLANSZÖVETSÉG (MAISZ)

Hungarian Real Estate Association (HREA)

Present Proxy from …… Absent Proxy to …… Delegate: K. Kurucz

Serbia

NAVS

NACIONALDO UDRUZENJE PROCENITELJA SRBIJE (NUPS)

National Association of Valuers of Serbia (NAVS)

Present Proxy from Absent Proxy to ……

Delegate: D. Ilić

Montenegro

NAVM

NACIONALDO UDRUŽENJE PROCJENITELJA CRNE GORE (NUPCG)

National Association of Appraisers of Montenegro


Delegates: M. Mirkóvić; A. Zvicer

Netherlands

NCREA

OBSERVER

WAARDERINGSKAMER

The Netherlands Council for Real Estate Assessment (NCREA)

Present Proxy from .... Absent Proxy to …. Delegates: M. Kathmann; B. Bervoets

Norway

NTF

•

NORGES TAKSERINGSFORBUND (NTF)

Norwegian Surveyors and Valuers Association


Delegates: O. Skare; A. Huser

Netherlands

NVM

NEDERLANDSE VERENIGING VAN MAKELAARS EN TAXATEURS IN

ONROERENDE GOEDEREN (NVM)

Dutch Association of Real Estate Brokers and Valuers


Delegates: S. Roggeveen; M. Kreuger

http://www.tegova.org/en/429719fb5cf66

http://www.tegova.org/en/42947fbb1535f

http://www.tegova.org/en/p4dbaf24a832e3

http://www.tegova.org/en/p4912ab00f1da3?m=p58cc038a1616e

http://www.tegova.org/en/42972048b73ad


Austria

ÖVI

ÖSTERREICHISCHER VERBAND der IMMOBILIENWIRTSCHAFT (ÖVI)

Austrian Real Estate Associationy

Represented Proxy from …. Absent Proxy to ARE Delegate: M. Reinberg

Greece

PEOPLECERT

OBSERVER

PEOPLECERT HELLAS

Certification Body


Delegate: -

Poland

PFVA

•

POLSKA FEDERCJA STOWARZYSZEN RZECZOZNAWCÓW MAJATKOWYCH

(PFSRM)

The Polish Federation of Valuers' Associations (PFVA)

Present Proxy from CCA Absent Proxy to ……

Delegates: K. Grzesik; M. Wisniewski; M. Malmon

Russian Federation

PRSA

•

ПАРТНЕРСТВО РОССИЙСКОГО ОБЩЕСТВА ОЦЕНЩИКОВ (ПРОО)

Partnership of The Russian Society of Appraisers (PRSA)

Present Proxy from …… Absent Proxy to …..

Delegate: I. Artemenkov

Russian Federation

RBA

•

РОССИЙСКАЯ КОЛЛЕГИЯ ОЦЕНЩИКОВ (РКО)

Russian Board of Appraisers (RBA)

Present Proxy from … Absent Proxy to …. Delegate: -

Russian Federation

RSA

•

РОССИЙСКОЕ ОБЩЕСТВО ОЦЕНЩИКОВ (POO)

Russian Society of Appraisers (RSA)

Present Proxy from …. Absent Proxy to …… Delegate: S. Tabakova

Sweden

SAMHÄLLSBYGGARNA

SFF

SAMHÄLLSBYGGARNA-SFF

The Swedish Professionals for the Built Environment

Present Proxy from …… Absent to …… Delegate: -

http://www.tegova.org/en/429722b7c6309

http://www.tegova.org/en/429722b7c6309

http://www.tegova.org/en/p4912fae7228a4

http://www.tegova.org/en/43873957476b9

http://www.tegova.org/en/p4912fcbe62c73

http://www.tegova.org/en/43873b23e0008

http://www.tegova.org/en/p4912fe5eada87

http://www.tegova.org/en/429727f5ed3e2


Slovenia

SIR

SLOVENSKI INSTITUT ZA REVIZIJO (SIR)

Slovenian Institute of Auditors

Present Proxy from …… Absent Proxy to …… Delegate: S. Žižek

France

SNPI

SYNDICAT NATIONAL DES PROFESSIONNELS IMMOBILIERS (SNPI)

National Association of Real Estate Professionals


Delegates: G. Fons; B. Wasels

Albania

SVP

SHOQERIA E VLERESUESVE TE PASURIVE TE PALUAJTSHME (SVP)

The Society of Real Estate Valuers

Present Proxy from …… Absent Proxy to Delegate: -

United Arab Emirates

TAQYEEM

مركز التقييم العقاري - دائرة األراضي و األمالك

TAQYEEM - Real Estate Appraisal Centre, Dubai Land Department


Delegate: -

Turkey

TDUB

TÜRKIYE DEĞERLEME UZMANLARI BIRLIĞI (TDUB)

Turkish Appraisers Association


Delegate: M. Y. Maya

Ukraine

UABVS

ASSOCIATION OF PROFESSIONAL BANK ESTIMATES UKRAINE (ASBEU)

Ukrainian Association of Bank Valuation Specialists


Delegate: A. Kalapusha

Belgium

UGEB-ULEB

UNION DES GÉOMÈTRES EXPERTS DE BRUXELLES (UGEB-ULEB)

Union of Expert Geometers of Brussels


Delegate: K. Speybroock

http://www.tegova.org/en/p4294484867f44

http://www.tegova.org/en/4268c83bdf252


Ukraine

USOA

УКРАЇНСЬКЕ ТОВАРИСТВО ОЦІНЮВАЧІВ (УТО)

Ukrainian Society of Appraisers


Delegate: V. Yakubovsk

Netherlands

VastgoedPRO

VastgoedPRO

Association of Real Estate Valuers of the Netherlands


Delegates: R. Knoester; R. Limpens

Netherlands

VBO

VBO MAKELAAR

Dutch Association of Real Estate Agents and Valuers


Delegates: G. de Jager; H. van den Heuvel

Germany

vdp

VERBAND DEUTSCHER PFANDBRIEFBANKEN e.V. (vdp)

Association of German Pfandbrief Banks

Present Proxy from …… Absent Proxy to …..

Delegate: W. Kälberer

Germany

VÖB

BUNDESVERBAND ÖFFENTLICHER BANKEN DEUTSCHLANDS e. V. (VÖB)

Association of German Public Sector Banks

Present Proxy from …. Absent Proxy to …..

Delegate: S. Zerbe

TEGoVA

SECRETARIAT

THE EUROPEAN GROUP OF VALUERS’ ASSOCIATIONS (TEGoVA)

G. Cuper; F. Isnard; M. MacBrien

http://www.tegova.org/en/p4294727f7372b

http://www.tegova.org/en/429478eeaa85b


Members Quorum

Total Members

67

Total Members present and represented at the General Assembly

53

Total Full & Associate Members

58

Total Full & Associate Members present and represented at the General Assembly

49

Total Observer Members

9

Total Observer Members present and represented at the General Assembly

4

Quorum yes

The Secretary and The Scrutineer


Applicants & Guests

United States of America

AI

INTERNATIONAL ASSOCIATION of ASSESSING OFFICERS (IAAO)

Delegates: R. Ripperger; R. Worth

Kosovo

KAA

INSTITUTI PËR VLERËSIME DHE STUDIME PRONËSORE (IVSP)

Institute for Appraisals and Property Studies

Delegate: D. Kadolli

REVASE

(Resources for European Valuation Standards in Europe)

Erasmus+ Programme

Delegate: R. Taylor

France

UNIS

UNION DES SYNDICATS DE L’IMMOBILIER (UNIS)

National Union of Property Professions

Delegates: JF. Trably; M. Caveriviere; JA. Martin

Bosnia and Herzegovina

UOPBiH

UDRUŽENJE OVLAŠĆENIH PROCJENJIVAČA u BOSNI i HERCEGOVINI

(UOPBiH)

National Association of Appraisers of Montenegro

Delegate: S. Žižek (from Slovenian Institute of Auditors)

http://www.tegova.org/en/p4912ab00f1da3?m=p59c4f2a726ac1

http://www.tegova.org/en/p4912ab00f1da3?m=p59c4f2a726ac1


ANNEX II

Proxies

FROM TO

Date

Member

Representative

Member

Representative

09.10.2017

BDVI (Germany)

W. Glunz

BVS (Germany)

B. Bischoff

09.10.2017

ÖVI (Austria)

A. Holzapfel

ARE (Austria)

M. Reinberg

10.10.2017

IsIVI (Italy)

E. Campagnoli

ASSOVIB (Italy)

S. Cappelli

19.10.2017

CCA (Czech Rep.)

J. Santrucek

PFVA (Poland)

M. Wisniewski



ANNEX III

Voting Rights & Proxies of Full and Associate Members of TEGoVA

Country

Member

Votes

Proxy

Total

France

AFREXIM

22

22

CEF 22 22

CEIF-FNAIM 23 23

CNEI 22 22

CSN 22 22

IFEI 22 22

SNPI 22 22

Total France 155 155

Germany

BDVI 22 Proxy to BVS 22

BVS 23 23

IVD 22 22

VDP 22 22

VÖB 22 22

Total Germany 111 111

Netherlands

NVM 44 44

VastgoedPRO 27 27

VBO 27 27

Total Netherlands 98 98

Italy

ASSOVIB 27 27

CNGeGL 37 37

IsIVI 18 Proxy to ASSOVIB 18

Total Italy 82 82

UK

CAAV 32 32

IRRV 32 32

Total UK 64 64

Spain

AEV 17 17

AEVIU 14 14

ATASA 14 14

Total Spain 45 45

Austria

ARE 22 22

ÖVI 22 Proxy to ARE 22

Total Austria 44 44

Russia

PRSA 9 9

RBA 0 Absent 0

RSA 17 17

Total Russia 38 26

Norway NTF 32 32

Denmark DE 0 Absent 0

Ireland IPAV 22 22

Sweden SFF 0 Absent 0

UAE TAQYEEM 0 Absent 0

Belgium UGEB-ULEB 22 22

Greece AVAG 20 20

Bulgaria

CIAB 12 12

CPV 5 5

Total Bulgaria 17 17

Romania ANEVAR 17 17

Turkey TDUB 17 17


Country Member Votes Proxy Total

Montenegro

CUP 0 Absent 0

IOPCG 5 5

NAVM 4 4

Total Montenegro 9 9

Macedonia

KPRM 0 Absent 0

BSV 7 7

Total Macedonia 7 7

Poland PFVA 14 14

Slovenia SIR 14 14

Czech Rep. CCA 12 Proxy to PFVA 12

Ukraine

UABVS 7 7

USoA 4 4

Total Ukraine 11 11

Portugal ASAVAL 11 11

Croatia HDSViP 11 11

Hungary MAISZ 9 9

Georgia IVSG 7 7

Latvia LIVA 7 7

Lithuania LTVA 0 Absent 0

Serbia NAVS 7 7

Cyprus CVA 0 Absent 0

Albania SVP 0 Absent 0

TOTAL

53

891

891



ANNEX IV

AGENDA ITEM II

Budget for the 2018 Financial Year

(in EUR; 67 members + 4 candidate members; 01.01.18 / 31.12.18)

2018 Budget

INCOME

Budget Total

Annual Subscription Demand (2) 299.726

Annual Subscription Demand Candidate Members (3) 10.904

Complementary Subscription Demand (REV, REVC & TRV) 462.000

Other 2.370

Total Ordinary Income 775.000

REVASE Project (EU funds) 26.804

Total Extraordinary Income 26.804

Total € 801.804

(*) if approved by the 2017 Autumn General Assembly

EXPENDITURE

Budget Total

Secretariat 336.600

Accountant’s fees 5.500

Auditor’s remuneration 5.000

Statutory publications 0

Legal advice 20.000

Telephone & DSL 2.000

Postage & express courier 250

Stationary, printing, awards & small office supplies 10.000

Representation expenses Belgium & abroad 30.000

Travel & accommodation expenses 30.000

Website hosting & running expenses 20.000

REV, REVC & TRV Programmes 15.000

Net interest & banking expenses 250

Taxes 200

Other 700

Ordinary Expenditure (excluding VAT) 476.000

VAT on Ordinary Expenditure (21 %) 100.000

CMS Website Software (depreciation of € 95.075,75 investment) 25.000

Monies not allocated 144.000

VAT on Not Allocated Ordinary Expenditure 30.000

Total Ordinary Expenditure 775.000

REVASE Project (balance) 26.804

Total Extraordinary Expenditure 26.804

Total € 801.804

Note: of the total ordinary expenditure budget, the Belgian VAT amounts to € 130.000

(see next page)


The 2018 financial year resources

▪ See Members’ Contributions chart.

▪ REV: € 323.000 of complementary subscriptions from 32 existing Awarding Member Associations (AMAs) + 7 possible new AMAs (3 to be approved at the 2017 Autumn AGM):

➢ € 10.000 of initial complementary subscriptions (3 new AMAs)

➢ € 4.000 of complementary subscriptions (4 new AMAs)

➢ € 39.000 of annual complementary subscriptions (32 existing AMAs + 7 new AMAs)

➢ € 250.000 of annual certificate complementary subscriptions (from current REVs)

➢ € 20.000 of new certificate complementary subscriptions (estimate 200 new REV valuers)

▪ REVC: € 39.000 of complementary subscriptions coming from 1 existing Company Awarding Member Association (C-AMA) + 1 possible new C-AMA:

➢ € 1.000 of complementary subscriptions (1 new C-AMA)

➢ € 2.000 of annual complementary subscriptions (1 new C-AMA)

➢ € 16.000 of annual certificate complementary subscriptions (from current REVCs)

➢ € 20.000 from new certificate complementary subscriptions (estimate 5 new REVCs)

▪ TRV: € 100.000 of complementary subscriptions from 6 existing Residential Awarding Member Associations (R-AMAs) + 5 possible new R-AMAs (3 to be approved at the 2017 Autumn AGM):

➢ € 5.000 of initial complementary subscriptions (2 new R-AMAs)

➢ € 2.000 of annual complementary subscriptions (2 new R-AMAs)

➢ € 11.000 of annual complementary subscriptions (6 existing AMAs + 5 new AMAs)

➢ € 60.000 of annual certificate complementary subscriptions (from current TRVs)

➢ € 22.000 of new certificate complementary subscriptions (estimate 220 new TRVs valuers)

▪ 2017 Budgetary surplus: a surplus is expected for the 2017 financial year. It will enter in the accounts as ‘Other amounts payable’.

▪ REVASE Project: € 26.804 from EU funds (balance of a total of € 44.700; € 17.896 was perceived in July 2016).

The 2018 financial year expenditures

▪ Secretariat: MacBrien Cuper Isnard SPRL fees as per contract.

▪ Representation expenses Belgium and abroad: Board meetings and working group meetings in Brussels or elsewhere, expenses for the Secretariat to attend two General Meetings abroad, plus other (according to needs and available funds under this budgetary line).

▪ REV, REVC & TRV Programme: € 15.000

➢ Travel and representation expenses (R.C. audits): € 4.000

➢ EV Journal: 4.000 (Editor)

➢ Printing: € 5.000

➢ Other: € 2.000)

▪ Accountant’s & statutory auditor’s fees: fees from BDO Belgium and EY Belgium.


INCOME

Full and Associate Member Subscriptions Demands

Country Full & Associate Member Annual Subscription

France

AFREXIM 6.000

CEF 6.000

CEIF-FNAIM 6.250

CNEI 6.000

CSN 6.000

IFEI 6.000

SNPI 6.000

Total France 42.250

Germany

BDVI 6.000

BVS 6.240

IVD 6.000

VDP 6.000

VÖB 6.000

Total Germany 30.240

Italy

ASSOVIB 7.524

CNGeGL 10.388

IEV 5.450

IsIVI 5.000

Total Italy 28.362

Netherlands

NVM 12.206

VastgoedPRO 7.524

VBO 7.524

Total Netherlands 27.254

United Kingdom

CAAV 8.841

IRRV 8.841

Total UK 17.682

Spain

AEV 4.638

AEVIU 4.000

ATASA 4.000

Total Spain 12.638

Austria

ARE 6.000

ÖVI 6.000

Total Austria 12.000

Russia

PRSA 2.433

RBA 3.360

RSA 4.638

Total Russia 10.431

Norway NTF 8.841

Denmark DE 7.280

Belgium UGEB-ULEB 6.000

Ireland IPAV 6.000

Sweden SAMHÄLLSBYGGARNA -SFF 6.000

UAE TAQYEEM 6.000

Greece AVAG 5.450


Bulgaria

CIAB 3.360

CPV 2.071

Total Bulgaria 5.431

Montenegro

CUP 1.500

IOPCG 1.500

NAVM 2.000

Total Montenegro 5.000

Romania ANEVAR 4.638

Turkey TDUB 4.638

Ukraine

UABVS 2.071

USOA 2.071

Total Ukraine 4.142

Macedonia

BSV 2.000

KPRM 2.071

Total Macedonia 4.071

Slovenia SIR 4.000

Poland PFVA 3.947

Cyprus CVA 3.500

Czech Rep. CCA 3.360

Croatia HDSViP 3.000

Portugal ASAVAL 3.000

Hungary MAISZ 2.500

Albania SVP 2.071

Georgia IVSG 2.000

Latvia LIVA 2.000

Lithuania LTVA 2.000

Serbia NAVS 2.000

Kosovo KAA 1.500

Total Full & Associate Member Subscription Demands € 289.226

Observer Member Subscription Demands

Country Observer Member Annual Subscription

Canada AIC 1.500

Germany HypZert 1.500

Germany IW 1.500

Greece PEOPLECERT 1.500

Italy CEPAS 1.500

Netherlands NCREA 1.500

USA AI 1.500

Total Observer Member Subscription Demands € 10.500

Total Member Subscription Demands € 299.726


Candidate Member Subscription Demands

Country Member Annual Subscription

France UNIS 6.404

Bosnia and Herzegovina UOPBiH 1.500

Kosovo IVSP 1.500

USA IAAO 1.500

Total Candidate Member Subscription Demands € 10.904

REV, REVC & TRV Complementary Subscription Demands

REV 323..000

REVC 39.000

TRV 100.000

Total Complementary Subscription Demands € 462.000

Summary

TOTAL ORDINARY INCOME

Total Member Subscriptions 299.726

Total Candidate Member Subscriptions 10.904

Total Complementary Subscriptions 462.000

Other 2.370

Total 2018 Ordinary Income € 775.000

TOTAL ORDINARY EXPENDITURE

Ordinary Expenditure (inclunding VAT) 576.000

Depreciation on CMS Software 25.000

Not Allocated Ordinary Expenditure (including VAT) 174.200

Total 2018 Ordinary Expenditure € 775.000

tegova general assembly 28 october 2017 draft minutes · hans van den heuvel (vbo makelaar) said...

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