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Memorandum of Understanding for Recognition of Designations



Recognition of Designations of WAVO members

One of WAVOs objectives is to facilitate the portability of professional qualifications by establishing a platform, which would allow for the transportability of such valuation qualifications globally.

As part of the move to encourage such portability, during the 1st WAVO Congress held in 2006, a memorandum of understanding for Recognition of Designations was signed by 4 organisations, which are members of WAVO, namely, Australia Property Institute (API), Appraisal Institute of Canada (AIC), Property Institute of New Zealand (PINZ) and Singapore Institute of Surveyors and Valuers (SISV). Under the Memorandum, all the four valuation organisations agreed a professional member of the respective organisation would be admitted as a member at the equivalent level of API, AIC, PINZ or SISV subject to satisfying the respective Institute requirement for membership.

WAVO aims to work towards the ideal of equally qualified and experienced practitioners to be able to engage in work assignment in any country where WAVO member are represented. Such collaboration among valuation organisatons worldwide is particularly important in the context of an inter-connected and globalised world.




 

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