Before I begin, this post is written in context relating to the South African Appraisal and Valuation environments and is entirely my own. In no way, do I intend to demean or defame any organisation within the South African valuation and or appraisal environments. This blog post is merely here to share my opinions and experience with communities who may find interest in the content of my posts. The information I write about is from my own experience and research from all over the world which has enabled me to deliver a qualitative service over time to my client base.
Well, relating to the question: ” What is the difference between a Valuer and an Appraiser?” within South Africa, is an interesting one and one that has me befuddled and bemused, to say the least. The best way to start is by breaking down Valuations and Appraisals respectively through their definitions within the context of the South African environment.
Based on the above definitions of both, a Valuer and an Appraiser seem to be and do the same thing, in my mind at least.
In South Africa, there are two distinctions which seem to overlap, the Appraiser who is registered under the auspices of the Master of the High Court and the Valuer who is registered under the auspices of the South African Council for the Property Valuers Profession. Both, the Valuer and Appraiser do exactly the same thing when it comes to deriving a value of a property or moveable asset.
The only difference between the Appraiser and the Valuer relating to the South African landscape, as far as I am aware, seems to be that the Appraiser is called upon or renowned for conducting Appraisals / Valuations pertaining to: 1) Deceased Estates, 2) Liquidations & Sequestrations, 3) Insolvent Estates and 4) Divorces. A Valuer, on the other hand,seems to conduct Valuations / Appraisals pertaining to : 1) Bank Matters, 2) Insurance Valuations and 3) Municipal Valuations.