Property Valuers Profession Act, 2000 (Act No. 47 of 2000)

Board Notices

Purchase

5.1	Registered persons may charge a minimum fee of R12 000 per day, or part thereof, when acting as an arbitrator, mediator, member of a revision court/board, valuation court/board for rating purposes or as an assessor in any court/board proceedings.

5.2	In addition to the remuneration set out above, the following services may be charged based on one and a half times the hourly rate in terms of 2.1:

5.2.1

Attendance at preliminary hearings

5.2.2

Inspections in loco

5.2.3

Perusal of documentation and attendance thereon

5.2.4

Preparation for hearings, and

5.2.5

Preparing and presenting the awards.

5.3	In the event of a registered person accepting any of the aforegoing appointments at a venue other than in his or her usual residential or business area, he or she may charge the necessary travelling and accommodation expenses in terms of 8.0.

5.4	In the event of any arbitration hearing, mediation, revision court/board, valuation court/board, or other relevant hearing being postponed, cancelled, settled by mutual consent or legal process at any time during any day, the following minimum fees may be charged:

5.4.1

Within 7 working days of the day set down for the hearing - 4 hours

5.4.2

Within 3-6 working days of the day set down for the hearing - 8 hours; and

5.4.3

Within 1 - 2 working days of the day set down for the hearing - R8 000

5.5	When fees dealing with valuation courts/boards or committees are laid down by statute, then registered persons may accept such fees.

5.6	Any costs incurred by registered persons for the hiring of venues for hearings, secretarial and recording services and other related costs may be charged in addition to the aforegoing.