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Saudi Authority for Accredited Valuers (Taqeem) has granted fellowship certificates in real estate valuation to 120 nationals following the completion of an extensive training programme that covers a host of major topics related to the industry.
The fellowship certificate training courses address basic procedures and methods, market studies, highest and best use, real estate regulations, principles of urban planning and sustainability, studies of land economics, and analysis of finance and real estate investment.
In addition to this, Taqeem course covers accounting principles and real estate taxes, and the implementation of comprehensive projects for valuating and discussing specialized real estate.
To complete the certification course, all members are required to log in 3,000 hours of practical experience in Qima e-system.
This contributes to boosting the confidence and preserving the rights of customers as well as protecting the interests of the beneficiaries of the real estate valuation sector in Saudi Arabia, whose number of transactions has exceeded 1,000,200 real estate valuation transactions conducted during 2020, siad a top official.
"Today we are witnessing a significant and historic era in the lifetime of the authority, in which we celebrate the first steps of Taqeem’s outputs and reap the benefits of years of work. In fact, several regulations and legislations require the assistance of accredited valuers to take important decisions," noted Engineer Faisal bin Badr Al-Mandil, the acting secretary general of Taqeem.
This batch and the next batches will have a major role in boosting confidence, transparency and security in the national economy.”-TradeArabia News Service