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About Us


WAVO-History

WAVO was established as an association of valuation organisations in April 2004 by a few key valuation organisations in the Pacific Rim region with an original focus on the development of the valuation profession. It organises various activities including courses, seminars and conferences, and supports the implementation of international valuation standards. The first WAVO Congress was held in Singapore over 3 days from 27-29 November 2006.

The second WAVO Congress was held in Beijing, China in October 2007 and from that date an International Congress has been held annually or every two years. The 10th WAVO Congress was held in Gold Coast, Australia from 23-25 October 2019. The forthcoming 11th WAVO Congress will be held on 6&7 September 2024 in Bucharest and will be hosted by ANEVAR.

At the 8th WAVO Congress was held in Daegu Metropolitan City, Republic of Korea in November 2016, the IVSC and WAVO signed a Memorandum of Co-operation (MOC) between Sir David Tweedie, then Chair of IVSC Board of Trustees and Dr Lim Lan Yuan, JP, then the Executive President of WAVO.

Under the MOC, both WAVO and IVSC agree to collaborate to develop the valuation profession, and enhance its professionalism to better serve the public and the valuation profession through various ways such as joint activities, projects, exchanges, workshops and seminars.

As part of the co-operation between WAVO and IVSC, the inaugural IVSC/WAVO Global Valuation Conference was held in Singapore in June 2018.

The 2nd IVSC/WAVO Global Valuation Conference was held in Frankfurt, Germany on 13-14th.June 2019. Following the re-opening of post COVID travel, the 3rd IVSC/WAVO Global Valuation Conference was held successfully in Berlin, Germany on 29-30th June 2022. The 4th IVSC/WAVO Global Valuation Conference was successfully held in New Zealand from 7-9 June, 2023.

The 5th IVSC-WAVO Global Valuation Conference, to be hosted by the API, will be held in Sydney in June 2025

Members of WAVO include National Association of Authorized Evaluators (ANEVAR), Australian Property Institute (API), Appraisal Institute (AI), China Appraisal Society (CAS), China Institute of Real Estate Appraisers and Agents (CIREA), HypZert GmbH (Germany), Real Estate Board Korea (REB), Korea Association of Property Appraisers (KAPA), Property Institute of New Zealand (PINZ), Singapore Institute of Surveyors and Valuers (SISV) and Pan Ukrainian Association of Valuation Specialists (PUAVS). Of recent years, the Finnish Association for Real Estate Valuation has joined as a corporate member. The Capital Chamber of Professional Appraisers has joined as a full member of WAVO.




WAVO – the future

The World Association of Valuation Organisations (WAVO) to explore becoming the global umbrella association/organisation for Valuation Professional Organisations (VPOs). WAVO aims to set the company/business up as a federation of VPOs model with associates and affiliates of similar member organisations that support and compliment the valuation profession.

Mission

  • WAVO acts in the public interest and has no profit-making purpose.
  • To be the global voice of the valuation profession.
  • WAVO serves the public interest by working closely with Valuation Professional Organisations (VPOs) to develop and enhance the valuation and related professions and to ensure the provision of services of consistent high quality and uniformity in the public interest.
  • WAVO will carry out its mission by promoting best practices, supporting the application of robust and consistent recognised valuation standards, encouraging higher education, and facilitating lifelong learning among the members of its member organisations.

The key objectives of WAVO

  1. Serve the public interest by enhancing a global valuation profession that is transparent and consistent.
  2. To promote the global valuation profession and speak out on the current issues facing the profession.
  3. Provide feedback and input to International Valuation Standards (IVSC) in relation to development of International Valuation Standards (IVS) and work on the adoption and implementation of International Valuation Standards as the global standards on the valuation profession.
  4. To assist, guide and monitor the application of the IVS.
  5. Strengthening governance relating to compliance with WAVO Member Organisations for VPOs.

WAVO promotion objectives for VPOs

  1. Encourage WAVO Member VPOs towards valuer training, education and upskilling (Initial Professional Development, valuer accreditation and Continuing Professional Development).
  2. Annual or biennial WAVO WRV badge/logo/award/certificate for individual members of WAVO VPOs in accordance with the WAVO WRV Policy.
  3. WAVO to work with IVSC, IPMSC, IFRS Foundation and VPOs to produce, develop, source and host via the WAVO website education offerings (such as webinars, seminars, workshops, podcasts, modules, courses/quizzes etc) from around the globe. WAVO to develop specific modules, courses/quizzes in relation to the IVS.