Valuers Act Cap 532 - as Plain Text by MWakili

LAWS OF KENYA The Valuers acT Chapter 532 Revised Edition 2010 (1985) Published by the National Council for Law Reporting with the Authority of the Attorney General www.kenyalaw.org CAP.

532 Valuers [Rev.

2010 2 CHAPTER 532 THE VALUERS ACT arraNGeMeNt OF SeCtIONS part IprelIMINary Section 1Short title.

2Interpretation.

part IIeStablIShMeNt OF the bOard 3Establishment of the Board.

4Limitation of liability of members of the Board.

part IIIthe reGIStrar aNd the reGISter 5Appointment of registrar.

6Register of valuers.

7Certicate of registration.

8Publication of register and list.

8ARepealed.

8BLicensing of dual occupations.

9Publication prima facie evidence of registration.

10Inspection of register.

11Proof of documents.

part IVreGIStratION 12Conditions and qualications for registration.

13Acceptance for registration.

14Registration in exceptional circumstances.

15Removal of name from register.

16Restoration of name on register.

17Power to suspend registration, etc.

18Procedure at inquiry.

19Appeals against refusal to register, etc.

20Effect of registration.

21Unregistered persons not to practise as valuers.

22Indemnity requirements.

Rev.

2010] Valuers CAP.

532 3 part VMISCellaNeOuS prOVISIONS 23Carrying on practice for purposes of winding up, etc.

24Dishonest practices.

25Rules.

26Finance.

SCHEDULE.

CAP.

532 Valuers [Rev.

2010 4 CHAPTER 532 20 of 1989, THE VALUERS ACT 7 of 1990, th * 21 of 1990, Commencement: 9 April, 1985 11 of 1992, An Act of Parliament to provide for the registration of valuers and for 9 of 2000.

connected purposes part IprelIMINary Short title.

1.

This Act may be cited as the Valuers Act.

Interpretation.

2.

(1) In this Act, unless the context otherwise requires Board means the Valuers Registration Board established by section 3; practising valuer means a person who carries out and prepares valuations in respect of any type of movable or immovable property; register means the register kept under section 6; registrar means the registrar of the Board appointed under section 5; registered valuer means a person whose name is for the time being entered on the register.

part IIeStablIShMeNt OF the bOard Establishment of the 3.

(1) There is hereby established a Board, to be known as the Board.

Valuers Registration Board, which shall have the responsibility of regulating the activities and conduct of registered valuers in accordance with the provisions of this Act.

(2) The Board shall (a) be a body corporate with perpetual succession and a common seal; (b) in its corporate name be capable of suing and being sued; (c) be capable, for and in connection with the carrying out of the purposes of this Act, of acquiring, holding and disposing of movable and immovable property.

*L.N.

70/1985.

Rev.

2010] Valuers CAP.

532 5 (3) The provisions of the Schedule shall have effect in relation to the Board.

4.

No member of the Board shall be personally liable for any act Limitation of liability or default of the Board done or omitted to be done in good faith in the of members of the Board.

course of carrying out the responsibilities and functions of, or exercising the powers conferred upon, the Board.

part IIIthe reGIStrar aNd the reGISter 5.

The Minister shall appoint a public ofcer as the registrar of Appointment of registrar.

the Board who shall hold and vacate his ofce in accordance with the terms of his appointment.

6.

(1) The registrar shall keep and maintain a register in which Register of valuers.

the name of every person entitled to have his name entered therein shall be entered after his being accepted by the Board for registration under this Act showing against the name (a) the date of the entry in the register; (b) the address of the person registered; (c) the qualications of the person; and (d) such other particulars as the Board may from time to time direct.

(2) All changes in the particulars registered under subsection (1) shall be entered on the register by the registrar.

7.

(1) Where the name of a person has been entered in the Certicate of register the registrar shall issue to him a certicate of registration in registration.

the prescribed form and the certicate shall remain the property of the Board.

(2) Where the name of a person has been removed from the register, the Board shall give notice to that person, or if he is dead to his legal personal representative, requiring the certicate of registration to be surrendered to the Board.

(3) A person who fails to comply with the requirements of a notice given under subsection (2) within twenty-one days after the receipt by him of that notice shall be guilty of an offence and liable to a ne not exceeding ve thousand shillings.

CAP.

532 Valuers [Rev.

2010 6 (4) A certicate of registration issued by the registrar shall be valid and shall remain in force for one year, but shall be renewable on the payment of the prescribed fee; and if the prescribed fee has been paid before the renewal date and there is no order for the name of the holder of the certicate to be removed from the register, the certicate shall remain in force until it is again due for renewal.

(5) In event of the certicate of registration being lost or destroyed and the loss or destruction being proved to the satisfaction of the Board, the registrar shall issue a duplicate of the certicate to the registered valuer on payment of the prescribed fee.

8.

(1) The registrar shall cause to be published in the Gazette, as Publication of register and list.

soon as may be practicable after entry in the register, the name, address and qualication of each registered valuer and, subject to the directions of the Board, he may cause to be so published any amendments to the register.

(2) The registrar shall cause to be published in the Gazette at the beginning of each year a list containing the names, addresses and qualications of all registered valuers then appearing on the register.

8A.

(Repealed by 9 of 2000, s.

119.) 8B.

(1) Where any person to whom section 8A applies carries on Licensing of dual more than one professional occupation at the same time such person occupations.

shall elect in writing which of such occupations shall be deemed to be 7 of 1990, Sch.

his primary occupation.

(2) A person to whom subsection (1) applies shall only be required to obtain an annual licence in respect of his primary occupation to the intent that no such person shall obtain more than one annual licence in any one year.

Publication prima 9.

Publication under section 8 shall be prima facie evidence that facie evidence of the persons named therein are registered valuers and the deletion from registration.

the register of the name of any person notied by the publication, or the absence of the name of any person from the publication, shall be prima facie evidence that the person is not registered.

10.

Any person may, during normal ofce hours and on payment Inspection of register.

of the prescribed fee, inspect the register or any document relating to an entry in the register and may obtain from the registrar a copy of or an extract from the register or of or from any such document.

Proof of 11.

(1) In any legal proceedings a document purporting to be a copy of, or an extract from the register or of or from any document documents.

kept or published by the registrar, shall be admissible as prima facie Rev.

2010] Valuers CAP.

532 7 evidence of the contents of the register or document.

(2) The registrar shall not, in any legal proceedings to which he is not a party, be compelled (a) to produce the register or any document if its contents can be proved under subsection (1); or (b) to appear as witness to prove an entry in the register or the matters recorded in the register or any document, unless the court for special cause so orders.

part IVreGIStratION 12.

(1) Subject to this Act, a person shall be entitled, on making Conditions and qualications for an application to the Board in the prescribed form and on the payment registration.

of the prescribed fee, to be registered under this Act and to have his name entered in the register if he is 11 of 1992, Sch.

(a) a full member of the Institution of Surveyors of Kenya (Chapter of Valuation and Estate Management Surveyors); or (b) a corporate member of the Royal Institution of Chartered Surveyors (in the General Practice or Land Agency or Agriculture Sections ) and he is qualied to be or is a full member of the Institution of Surveyors of Kenya (Chapter of Valuation and Estate Management Surveyors); or (c) the holder of a degree or diploma from any university or college which is recognized for the time being by the Board and qualies him to be a full member of the Institution of Surveyors of Kenya (Chapter of Valuation and Estate Management Surveyors).

(2) Notwithstanding the fact that he has sufcient qualications under subsection (1), the Board may require an applicant for registration under this Act as a valuer to satisfy it of the fact that his professional and general conduct has been such that, in the opinion of the Board, he is at and proper person to be registered under this Act and the Board may direct the registrar to postpone the registration of an applicant until it is so satised.

13.

(1) Upon application being made to the Board in the prescribed Acceptance for registration.

form by a person claiming to be qualied under section 12 and upon payment of the prescribed fee the Board shall consider the application and if it is satised that the person is so qualied it shall accept that person for registration and shall direct the registrar to enter the name CAP.

532 Valuers [Rev.

2010 8 of the person on the register.

(2) The consideration of an application under this section shall be undertaken by the Board and shall not be delegated to any committee of the Board.

Registration in 14.

(1) Where a person satises the Board exceptional circumstances.

(a) that he is qualied under section 12; and (b) that he is not ordinarily resident in Kenya; and (c) that he is or intends to be present in Kenya and engage in practice as a valuer for the specic work for which he has been engaged, the Board may direct that the person shall be registered either for a period not exceeding one year or for the period of the duration of the specic work which he has been engaged to do.

(2) An application for registration under this section shall be in the prescribed form and be accompanied by the prescribed fee; and the Board shall require the applicant to produce documentary evidence of his work or employment immediately prior to his coming to Kenya and may require him to appear before it for the purpose of considering his application.

Removal of name 15.

(1) The Board may, at any time after being satised that a from register.

registered valuer has (a) died; or (b) failed to pay the prescribed fee; or (c) failed, within a period of six months from the date of an inquiry sent by the registrar by prepaid registered letter to the address appearing in the register against his name, to notify the registrar of his current address; or (d) requested his name to be removed from the register; or (e) had his name entered in the register by mistake or by reason of any false or misleading information; or (f) had his qualication under section 12 withdrawn or cancelled by the body through which it was acquired or by which it was awarded; or Rev.

2010] Valuers CAP.

532 9 (g) been adjudged bankrupt; or (h) been found by the Board to be guilty of an act or omission contrary to the public interest or misconduct as is described in section 24; or (i) been convicted of an offence under this act; or (j) being a company, been placed under receivership or in liquidation whether compulsorily or voluntarily, direct that the name of the registered valuer be removed from the register.

(2) Except in the circumstances specied in subsection (1) (a) the removal of a persons name from the register shall be notied by the registrar to the registered person by a registered letter sent to the address appearing against his name in the register.

(3) The registrar shall cause to be published in the Gazette, as soon as practicable, the name, address and qualications of a person whose name is removed from the register under this section.

16.

(1) Where the name of any person has been removed from the Restoration of name register under section 15 or section 17 (c) the name of that person shall on register.

not again be entered on the register except on the direction of the Board.

(2) Where the name of any person has been removed from the register or the registration of any person has been suspended in the terms of section 17 (b) the Board may, either of its own motion or on the application of any person made in the prescribed form, and in either case after holding such inquiry as the Board considers necessary, direct that (a) the removal from the register be conrmed; or (b) the name of that person be restored on the register; or (c) the suspension of the registration of that person be terminated.

(3) A direction given by the Board under subsection (2) may include provision for the date upon which restoration on the register or the termination of a suspension of the effect of registration shall take effect and for the payment by the person concerned of such fee, not exceeding the fee payable on an application for registration, as the Board may prescribe.

CAP.

532 Valuers [Rev.

2010 10 Power to suspend 17.

If a registered valuer is convicted of an offence under this Act, registration, etc.

or is, after due inquiry held by the Board, found to have been guilty of an act or omission amounting to professional misconduct or activities contrary to the public interest the Board may (a) caution or censure the registered valuer; or (b) direct that, during such period as the Board may specify, his registration shall be suspended; or (c) direct that his name be removed from the register; or (d) impose a ne not exceeding ten thousand shillings.

Procedure at inquiry.

18.

(1) Upon an inquiry being held by the Board under this Act, the registered valuer in respect of whom an inquiry is held may appear at the hearing in person or by an advocate.

(2) For the purposes of proceedings at an inquiry held by it, the Board shall have power (a) to administer oaths; (b) to summon persons to attend and give evidence; and (c) to order the production of documents.

(3) Any summons or order issued under the hand of the chairman or the vice-chairman shall be deemed to have been issued by the Board.

(4) The chairman, or in his absence the vice-chairman, of the Board shall record or cause to be recorded a summary of any oral evidence given at an inquiry held by the Board.

(5) Subject to this section and to any rules made under section 25, the Board shall have power to regulate its own procedure.

(6) For the purposes of an inquiry held under this Act the Board shall, not less than twenty-one days prior to the date of inquiry, notify by registered letter all the persons concerned.

(7) Any person upon whom summons or an order is served under this section by the chairman or vice-chairman of the Board who (a) refuses or neglects without sufcient cause to attend at the inquiry; or Rev.

2010] Valuers CAP.

532 11 (b) refuses without sufficient cause to answer fully and satisfactorily to the best of his knowledge and belief all questions put to him by or with the concurrence of the Board; or (c) refuses or omits without sufcient cause to produce any document in his possession or under his control which is specied in the summons or order, shall be guilty of an offence and liable to a ne of four thousand shillings or to imprisonment for a term not exceeding six months or to both.

19.

Any person aggrieved by a decision of the Board Appeals against refusal to register, (a) refusing to register his name; or etc.

(b) removing his name from the register; or (c) suspending his registration under this Act; or (d) refusing to restore his name on the register, may, within twenty-eight days of receiving the written decision of the Board, appeal to the High Court against the decision of the Board and in the case of such appeal (i) the appeal shall be treated as an appeal to the High Court from a subordinate court exercising civil jurisdiction; (ii) the High Court may give such directions as it deems t; and (iii) the decision of the High Court shall be nal.

part VMISCellaNeOuS prOVISIONS 20.

Every person whose name has been entered on the register Effect of shall, so long as his name remains on the register, be entitled to adopt registration.

and use the title Registered Valuer and such contraction thereof as the Board may approve.

21.

(1) After the expiration of six months from the commencement Unregistered persons of this Act or such further period as the Minister may, by notice in the not to practice as valuers.

Gazette, allow either generally or in respect of any particular person or class of persons CAP.

532 Valuers [Rev.

2010 12 (a) no individual shall carry on business as a practising valuer unless he is a registered valuer; (b) no partnership shall carry on business as practising valuers unless all the partners whose activities include the doing of acts by way of such practice are registered valuers; (c) no body corporate shall carry on business as valuers unless the directors thereof whose duties include the preparation of valuations in respect of any type of movable or immovable property are registered valuers.

(2) Any person who contravenes subsection (1) shall be guilty of an offence and liable to a ne not exceeding ten thousand shillings or to imprisonment for a term not exceeding twelve months or to both.

Indemnity 22.

(1) After the expiration of six months from the commencement requirements.

of this Act, no person shall carry on business as a practising valuer unless there is in force in relation to his business a guarantee bond or a policy of insurance entered into or issued by an insurance company approved by the Board, so expressed as to guarantee that compensation shall be payable to persons suffering monetary loss through the professional negligence of the persons so practising.

(2) For the purposes of subsection (1), the minimum guarantee bond or policy of insurance entered into or issued by an insurance company shall be (a) in the case of a business carried on by an individual registered valuer, a sum of two hundred thousand shillings; (b) in the case of a business carried on by two or more individuals, the sum specied in paragraph (a) multiplied by the number of registered valuers; and (c) in the case of a business carried on by a body corporate the sum specied in paragraph (a) multiplied by the number of directors whose acts include the doing of acts of practice as registered valuers.

(3) Any person who contravenes sub-section (1) shall be guilty of an offence and liable to a ne not exceeding ten thousand shillings or to imprisonment for a term not exceeding twelve months or to both.

Rev.

2010] Valuers CAP.

532 13 23.

Notwithstanding any other provisions of this Act, where any Carrying on practice for purposes of person ceases to carry on business as a practising valuer by reason of his winding up, etc.

death or insolvency, or by reason of having been adjudicated as being of unsound mind, the practice may be carried on for the purposes of winding up or being disposed of by a registered valuer appointed in that behalf by the person for the time being authorized by law to deal with the property of such person for a period not exceeding twelve months from the date of the death or commencement of the disability.

24.

Any person who Dishonest practices.

(a) fraudulently makes, or causes or permits to be made, any false or incorrect entry in the register or any copy thereof; or (b) fraudulently procures or attempts to procure the entry in the register of any name or other particulars whether on his own behalf or on behalf of any other person; or (c) knowingly and wilfully makes any statement, oral or written, which is false in a material particular or which is misleading with a view to gaining any advantage or privilege under this Act whether for himself or for any other person, shall be guilty of an offence and liable to a ne not exceeding ten thousand shillings or to imprisonment for three years or to both.

25.

The Minister may, after consultation with the Board, make Rules.

rules generally for the better carrying out of the purposes of this Act, and without prejudice to the generality of the foregoing, any such rules may (a) prescribe anything which under this Act may be prescribed; (b) provide for the conduct of the business of the Board and the procedure to be followed by the Board at any inquiry under this Act; (c) provide for the appointment by the Board from amongst its members of sub-committees and the co-option of persons thereto; (d) provide for the appointment and duties of ofcers of the Board; (e) provide for the exemption of any person or class of persons from all or any of the provisions of this Act, provided they comply with such conditions as may be prescribed by the rules; CAP.

532 Valuers [Rev.

2010 14 (f) provide for the denition of professional misconduct; (g) prescribe the procedure to be followed by person applying for registration; (h) prescribe the fees to be charged under, and the forms to be used for the purposes of, this Act; (i) prescribe the charges which may be made for services rendered by way of practice as valuers.

Finance.

26.

The Minister may, with the consent of the Treasury, out of moneys provided by Parliament (a) make to the Board such grants as may be necessary to enable it to discharge its functions under this Act; (b) pay remuneration and travelling and other allowances to the members of the Board other than members who are public ofcers in receipt of a salary; (c) make such other payments as may be necessary for the better carrying into effect of the provisions of this Act.

SChedule (S.

3 (3)) THE VALUERS REGISTRATION BOARD Membership of the 1.

The Board shall consist of nine members appointed by the board.

Minister as follows 11 of 1992, Sch.

(a) a chairman who shall be a public ofcer and a full member of the Institution of Surveyors of Kenya (Chapter of Valuation and Estate Management Surveyor); (b) two persons who shall be public ofcers and full members of the Institution of Surveyors of Kenya (Chapter of Valuation and Estate Management Surveyor); (c) one person who is a full member of the Institution of Surveyors of Kenya (Chapter of Valuation and Estate Management Surveyor) and is in the service of a local authority; (d) four persons who are full members of the Institution Rev.

2010] Valuers CAP.

532 15 of Surveyors of Kenya (Chapter of Valuation and Estate Management Surveyor) appointed from persons recommended by the Institution of Surveyors of Kenya and who are in private practice; (e) one person who is a full member of the Institution of Surveyors of Kenya (Chapter of Valuation and Estate Management Surveyor) and who is a full member of the University of Nairobi.

Tenure of ofce.

2.

(1) The ofce of a member appointed under paragraph 1 shall become vacant (a) if he ceases for any reason to be a full member of the Institution of Surveyors of Kenya (Chapter of Valuation and Estate Management Surveyor); or (b) if he resigns his ofce by written notice addressed to the Minister; or (c) at the end of three years from the date of his appointment.

(2) Any casual vacancy shall be lled by appointment as it arises.

(3) A retiring member shall be eligible for reappointment for a period of three years.

3.

(1) The Board shall elect one of its members to be the vice- Chairman and Vice- chairman of the Board.

chairman.

(2) The chairman and vice-chairman shall hold ofce for a period of three years from the date of nomination or election unless they cease to be members of the Board before the expiration of that period.

4.

(1) The chairman of the Board shall convene an ordinary Meetings of the meeting of the Board whenever it may be necessary or expedient, but board.

at least once in every three months, for the transaction of its business and shall appoint a suitable time, place and date for holding the meeting.

(2) The chairman of the Board may convene a special meeting of the Board at any time, and shall cause a special meeting of the Board to be held within twenty days after receiving a written request to do so signed by not fewer than three members of the Board.

5.

(1) The chairman or vice-chairman and ve other members Quorum at meetings of the Board shall constitute a quorum at any meeting of the Board.

of the Board.

CAP.

532 Valuers [Rev.

2010 16 (2) All acts, matters and things authorized to be done by the Board shall be decided by an ordinary resolution at a meeting of the Board at which a quorum is present.

(3) A decision of the majority of members present and voting at a meeting of the Board shall be deemed to be a decision of the Board.

(4) Every member of the Board shall have one vote, and in the event of an equality of votes the person presiding shall have a second or casting vote in addition to his deliberative vote.

(5) Notwithstanding subparagraph (2), where the chairman so directs, a decision may be made by the Board without a meeting by circulation of relevant papers among all the members and expression in writing of their views, but any member may require that a decision shall be deferred for consideration at a meeting of the Board and in such a case no decision shall be made until there has been a meeting of the Board.

Minutes of meetings and appointment of 6.

(1) Minutes in proper form of each meeting of the Board shall be kept, and shall be conrmed by the Board at the next meeting and secretary.

signed by the person presiding at the meeting.

(2) The Minister may appoint a public ofcer to be secretary to the Board for the purpose of attending meetings of the Board, keeping the minutes of the meetings and performing such other secretarial duties as the Board may require.

Procedure.

7.

Subject to this Schedule, the Board may regulate its ownprocedure.

The seal of the Board.

8.

The seal of the Board shall not be afxed to any instrument except in the presence of the chairman or the vice-chairman and one other member of the Board.

Rev.

2010] Valuers CAP.

532 17 [Subsidiary] SUBSIDIARY LEGISLATION The Valuers (FOrMs aND Fees) rules, 1987 L.N.

33/1987, L.N.

300/1995.

1.

These Rules may be cited as the Valuers (Forms and Fees) Rules, 1987.

2.

The register to be maintained by the registrar in accordance with section 6 of the Act shall be in Form II set out in the First Schedule.

3.

The application for registration as a valuer 12 of the Act shall be in Form II set out in the First Schedule.

4.

The certicate of registration to be issued by the registrar in accordance with section 7 of of the Act shall be in Form III set out in the First Schedule.

5.

The practicing certicate to be issued by the registrar to the registered valuer shall be in Form IV set out in the First Schedule.

6.

The fees set out in the Second Schedule shall be payable to the Board by registered valuers in respect of matters set out therein.

7.

The fees for services rendered by practising valuers shall be those set out in the Third Schedule.

18 CAP.

532 Valuers [Rev.

2010 [Subsidiary] b.

2) MerO SignaturChairman.member Registratiom Reg.

No PracticingCert.

No.

F (r Qualications TION BOARD.

ess SCHEDEDULE and Addr FIRST ALUERS REGISTRAName V.

THE Date Min.

No.

I12345678 ORM Entry No.

F Rev.

2010] Valuers CAP.

532 19 [Subsidiary] FORM II (r.3 republIC OF KeNya CONFIDENTIAL THE VALUERS ACT (Cap.

532) THE VALUERS REGISTRATION BOARD applICatION FOr reGIStratION 1.

Main Name (Block Capitals) Other Names (Block Capitals) Qualications.

Postal Address Residential Address.

Telephone No.

: Ofce ., House Date of Birth Nationality Have you previously applied to the Board for Registration? YES/NO.

If yes, state date(s) 2.

I enclose a cheque/postal order/money order/cash for Sh.

.

as payment of fee which I understand is not refundable.

(See Note 1.) Date Applicants Signature 20 CAP.

532 Valuers [Rev.

2010 [Subsidiary] FOR OFFICIAL USE Application No.

Date received Date acknowledged.

Receipt No.

Date.

Approved/Rejected Minute Deferred Minute No.

No.

Registration No.

Date notication sent.

Chairmans Signature.

Gazette Notice No.

Date.

Certicate Despatched.

Members Signature.

Certicate Acknowledged.

.

Date.

Registrars Signature.

Date.

(All particulars set out at 4-9 must be completed and the declaration at 10 signed) 3.

Educational background (state the name of institutions, dates attended, examining body and degree/diploma, etc.

awarded and year).

.

.

.

.

.

4.

Professional examinations (state examining body, registration No.

sections/stages passed see note 4: date).

.

.

.

.

.

5.

Professional experience (state name and address of organization, dates, position(s) held and responsibilities).

.

.

.

.

6.

Other qualications (specify with dates).

.

.

.

Rev.

2010] Valuers CAP.

532 21 [Subsidiary] I am a member of the following institutions:.

.

.

.

7.

Honours/distinction received.

.

.

.

8.

Articles/publications.

.

.

.

9.

Are you ordinarily resident in Kenya? YES/No If yes, state from what date 10.

I hereby declare that the foregoing statements are true in every respect.

I acknowledge that any statement contained in this application which is known by me to be false shall invalidate this application.

I have read the Valuers Act (Cap.

532).

I am aware of the penalties stipulated in the Act and I understand that if registered, I shall be bound by the Act and any amendments thereto so long as my name remains in the register.

Date Applicants Signature NOteS 1.

Cheques, postal orders or money orders should be crossed Account Payee Only and made payable to the Valuers Registration Board.

2.

Certied copies of your educational and professional certicates where applicable should be enclosed with this application.

Original certicates when called for may be either delivered at the Boards ofces or sent by registered post.

No responsibility can be accepted by the Board for lost certicates.

3.

Give full details of your professional experience and employment record during the last five years starting from your present appointment.

22 CAP.

532 Valuers [Rev.

2010 [Subsidiary] 4.

If granted exemption from any sections, stages or parts of any examination this should be stated.

Form III REPUBLIC OF KENYA (r.4) the ValuerS aCt (Cap.

532) CertIFICate OF reGIStratION This is to certify that.

is a .REGISTERED VALUER (R.V.) V.) in accordance with the provisions of the Valuers Act (Cap.

532).

In witness whereof the common seal has been hereto afxed.

.

Chairman SEAL.

Member Registrar Date.

Serial No.

Rev.

2010] Valuers CAP.

532 23 [Subsidiary] Form IV REPUBLIC OF KENYA (r.5) THE VALUERS ACT (Cap.

532) praCtISING CertIFICate This is to certify that is authorized to practice as a VALUER for the period .to.

in accordance with the Valuers Act (Cap.

532) Registrar SEAL Date.

SECOND SCHEDULE (r.6) Sh.

(i) Application fee (s.12 (1)).

200 (ii) Application fee (s.14 (1)).

1,000 (iii) Registration fee (s.13).

500 (iv) Practising certicate fee (s.13) (1)).

1,500 (v) Practising certicate fee (s.14).

2,500 (vi) Restoration fee (s.16 (b)).

500 (vii) Suspension fee.

300 (viii) Duplicate of registration certicate (s.7 (5)).

250 (ix) Renewal of certicate (s.7 (4)).

50 (x) Duplicate of practising certicate.

100 (xi) Inspection of register (s.10).

50 24 CAP.

532 Valuers [Rev.

2010 [Subsidiary] L.N.

300/1995.

THIRD SCHEDULE (r.7) 1.

Urban and Rating: 1st KSh.

400,000 at 1.0 per cent.

Next KSh.

600,000 at 0.5 per cent.

Residue at 0.25 per cent.

2.

Agriculture: 1st KSh.

600,000 at 1 per cent.

Next KSh.

400,000 at 0.5 per cent.

Residue at 0.25 per cent.

3.

Compulsory Acquisition: 1st KSh.

400,000 at 1 per cent.

Residue at 0.5 per cent.

4.

Rental (Urban and Agricultural): 1st KSh.

40,000 p.a.

at 10 per cent.

Next KSh.

60,000 p.a.

at 5 per cent.

Residue p.a.

at 2.5 per cent.

5.

Plant and Machinery: Up to KSh.

2,000,000 at 1 per cent.

Next KSh.

3,000,000 at 0.5 per cent.

Residue at 0.25 per cent.

6.

Furniture: Up to KSh.

200,000 at 2 per cent.

Next KSh.

300,000 at 1 per cent.

Residue at 0.5 per cent.

7.

Rating: Minimum fees KSh.

200,000 at 2 per cent.

Next KSh.

300,000 at 1 per cent.

Residue at 0.5 per cent.

8.

Fittings and Trade Stock: 1st KSh.

100,000 at 2 per cent.

Next KSh.

200,000 at 1 per cent.

Residue at 0.5 per cent.

9.

Consultancy: Minimum KSh.

1,000 per hour.

10.

Statutory deposit before commencement of valuation (to be part of nal fees): KSh.

2,000.

Rev.

2010] Valuers CAP.

532 25 [Subsidiary] 11.

Travelling: Shall be charged on the basis of mileage with the actual rate per kilometre being agreed on by the valuer and the client: Provided that all the charges prescribed above (except No.

11) shall be subject to a minimum of KSh.

4,000.

.