A comparative study of valuers' registration process in Nigeria and South Africa

Abstract

Valuers' registration into professional membership of valuation profession varies from country to country. Hence the paper examined Valuers' registration process in Nigeria and South Africa with a view to identifying the requirements of being a Valuer in the two countries. Review approach was adopted to examine the various legal provisions establishing the profession in the two countries. The study relied on what is known based on personal experience and drew heavily from laws establishing the profession particularly in the South African registration processes. It was found that there exist similarities in Valuers' professional formations in the two countries in the form of Valuers' associations and regulatory bodies. It was discovered that valuers' registration in Nigeria requires extensive educational training than in South Africa. Similarly, Valuers' registration in South Africa is more guided by law than processes. It was recommended that professional practice should be standardised along national and regional boundaries as it is an index of property market maturity. There is need to reduce long period of tutelage after graduation and incorporate required training into school curriculum.

Keywords: Nigeria, South Africa, professional registration, valuers