The function and responsibility of the council
The Valuers Council of Zimbabwe operates under a clear and comprehensive mandate that guides our regulatory efforts within the valuation profession. Our mandate encompasses several key objectives and responsibilities that contribute to the protection of the public interest and the promotion of professionalism in the industry.
1. Registration and Regulation:
One of our primary mandates is to establish and maintain a comprehensive registration system for valuers operating in Zimbabwe. We ensure that all registered valuers meet the prescribed qualifications, experience, and ethical standards necessary to practice within the country. By regulating the profession, we safeguard the interests of the public and maintain the credibility of the valuation industry.
2. Standards and Competence:
The Valuers Council of Zimbabwe is committed to upholding and enforcing high standards of competence, professionalism, and ethical conduct within the valuation profession. We establish and maintain guidelines and codes of practice that valuers must adhere to. Through continuous monitoring, evaluation, and professional development initiatives, we ensure that valuers remain competent and up-to-date with industry best practices.
3. Disciplinary and Ethical Oversight:
As part of our mandate, we investigate and address complaints or instances of misconduct or breaches of ethical standards by registered valuers. We have mechanisms in place to enforce disciplinary actions, ranging from warnings and retraining to suspension or revocation of registration. Our disciplinary processes are designed to safeguard the interests of the public and maintain the reputation of the valuation profession.
4. Collaboration and Stakeholder Engagement:
The Valuers Council of Zimbabwe recognizes the importance of collaboration and engagement with stakeholders in the valuation industry. We actively collaborate with government bodies, industry associations, educational institutions, and other relevant entities to foster a conducive environment for the practice of valuation. By engaging stakeholders, we contribute to the growth, development, and enhancement of the valuation profession in Zimbabwe.
5. Public Awareness and Education:
Educating the public about the importance of engaging registered valuers and raising awareness about the benefits of professional valuation services is a significant aspect of our mandate. We strive to enhance public understanding of valuation processes, the role of valuers, and the significance of accurate property valuations. Through public outreach initiatives, we aim to empower individuals and organizations to make informed decisions regarding property transactions.
6. Continuous Improvement:
As part of our mandate, we continuously review and enhance our regulatory framework and practices to adapt to emerging trends, technological advancements, and changes within the valuation profession. We strive for continuous improvement in our operations, processes, and standards to better serve the needs of both valuers and the public.
7. Participating in the SADC and African Union organization: The Valuers Council engages in activities and collaborations with the Southern African Development Community (SADC) and the African Union (AU) organization. These participations involve exchanging knowledge, best practices, and regional cooperation in matters related to valuations and property sectors, contributing to regional development and harmonization.
The Valuers Council of Zimbabwe is dedicated to fulfilling our mandate with integrity, transparency, and accountability. Through our efforts, we aim to protect the public interest, maintain the highest standards of professionalism, and foster a trustworthy and credible valuation industry in Zimbabwe.