Valuers Council of Zimbabwe
The Valuers Act 1996 makes it an offence with punitive measures of a fine, jail or both for unregistered persons to act as valuers. There is obviously the risk of losing hard-earned money by retention of illegitimate valuation reports not acceptable or recognised by the market.
News & Announcements
Real estate practice split !
Over the years all aspects of real estate practice covering property valuation, auctioning, sales, management, and leasing were administered by the Estate Agents Council through the Ministry of Justice, Legal and Parliamentary Affairs. However, the practice has now been split into estate agency and valuations, each being administered under a different act.
The Conception of The Valuers Council
Since its inception in 1970, members of the Estate Agency Council (EAC) have been involved in valuation, agency and auctioneering, but this function has been taken out of the equation through a Valuation Act gazetted in March 2007.