FIG Commission 9
- Valuation and the Management of Real Estate
Term 1999-2002
Highlights
Commission Chair 1999-2002
Commission 9 has a title of “Valuation and the
Management of Real Estate”. These disciplines are quite
distinctive from those in the other FIG commissions directly
concerned with land surveying and measurement.
Mr. G Michael Yovino-Young
However, Commission 9 shares mutual interests with Commissions 1 –
Professional Standards, Commission 2 – Professional Education, and
Commission 7 – Cadastre and Land Management. The emergence of a series of
joint working groups and collaborations amongst these commissions has been a
new direction in recent years.
The Mission Statement for Commission 9, developed in 1998, had a strong
focus on identifying valuers and appraisers both within the FIG family of
members and in the emerging infrastructures of developing free market
economies. The secondary but by no means less important objective was to
increase FIG member participation while liaisons with other appraisal and
valuation organizations was viewed as a potential source of new memberships
in FIG. Some success has been achieved during these past three years.
Currently valuation organizations from the Czech Republic, USA, Lithuania,
Armenia and Israel are members of the FIG family.
On a more practical level, Commission 9 has had an increasing interest in
and concern for the impacts on property rights and values created by adverse
environmental conditions that exist in may industrialized and rural parts of
the world.
During the tenure of the current leadership in Commission 9, new
opportunities have come forth for additional areas of interest. These
include the enhanced focus on the Pacific Rim with greater emphasis on the
emerging opportunities for a growing valuation profession in China.
Commission 9 has also been fortunate in obtaining grants from
professional businesses in Australia and elsewhere, creating a small fund
for subsidizing papers and speakers from emerging countries that address the
many special problems faced in the process of creating a professional
valuation profession and market service where none has existed before.
Progress being made
In 1998, it is estimated that fewer than 10% of the member organizations
in FIG included a valuer/appraiser membership component. This meant that of
the then 64 member organizations in FIG, perhaps only six or seven
organizations included valuers in their membership. Of course, some of these
organizations provide more than one participant in the Commission’s
activities.
In 2002, it is estimated that 16% of the FIG member organizations have
valuers in their ranks, a modest but appreciated increase in the role of
Commission 9 in the workings of FIG. The hard core of FIG members who
actively participate in Commission 9 are fewer than ten individuals,
although a larger number of organizations “designate” a member for
Commission 9 without any followup attendance or involvement in the
Commissions’ affairs.
Each successive year, the Commission 9 Annual Meeting has witnessed
acceptable but cyclical attendance and participation from increasing numbers
of member countries, affiliate members and academic members. The record is
consistent: From the Congress year 1998 in Brighton, England with 24
attendees at the annual meeting; the following year in Singapore had 12
attendees. Attendance at the 2000 Prague meeting increased to eighteen, with
another decline the following year in Seoul with fifteen. It is anticipated
that for the Congress in Washington, D.C., attendance will again rise as it
did in Brighton.
Work Plan
Terms of Reference
Valuation - the estimating of value of real
estate by valuers and appraisers for various purposes including market value,
property taxation, eminent domain, claims of damage or impact on value by some
cause or event, and acquisitions for public use or public policy
Investment market value and investment planning
Development finance, land use feasibility planning
Management of property, as a single asset or by
management companies
Management of property systems to ensure efficient use of
public and private resources
Management of public sector property.
Mission Statement
Identify valuers and appraisers in emerging economies and
developing countries and co-ordinate their activities with those of FIG.
Increase FIG members' participation in valuation theory
and methodologies, especially in countries without established real estate
market protocols and infrastructure.
Liaise with other appraisal and valuation organizations
and co-operate on matters of mutual interest.
Create, refine and expand a world dictionary for valuers
and appraisers.
Investigate new evidence of the influence of
environmental hazards on property use, value, and demand.
Working Group 9.1 - Education and training of valuers in developing
economies
Policy Issues
Disparities and deficiencies in educational programmes.
Valuation training.
Chair
Bill Rodney (UK)
Working Group 9.2 - Environmental influences on real estate
Policy issues
Creating a global awareness of the negative influences of
contamination and ecological degradation.
Requirements for new training and protocols for valuation
practitioners.
Chair
Michael Yovino Young.
Working Group 9.3 - Research funding
Policy Issues
Seeking sources of funding for research and delivery of
papers.
Encouraging participation in Commission 9?s educational
presentations at FIG working weeks.
Chair
Simon Adcock (Australia)
Working Group 9.4 - Promoting valuation membership of FIG
Policy issues
The under-representation of valuation organisations within
FIG.
Chair
David Millard (USA)
Joint Commission 2 and 9 Working Group - Education of valuation in FIG.
Policy issues
Education on valuation through information network in FIG (an integrated
virtual learning environment). Let education move, not people.
Educational ladder. A stepped way of advancing shall be planned for
improving the knowledge of valuation.
An educational package of valuation should be created and offered on the
homepage of FIG. The developing countries and those under transition economy
should intentionally be chosen as the target group.
Co-operation in education / a network for supporting the contact persons.
