It was set up in 2006, and ever since, it promotes the best practices, standards, methods and techniques of valuation. At the present time, NAVS counts 170 members, over half of them are real estate valuers, but NAVS members are also recognized business valuers and recognized machine & equipment valuers in Serbia. NAVS objectives are to:
• contribute to development and improvement of the val
uation profession
• ensure application of valuation methodologies, valuation principles
• develop relations with similar relevant professional organizations, and stimulate the information exchange among members
• create the educational program for valuers
• establish ethical principles consistent with the accountability and dignity of the valuation profession worldwide
• monitor the work of its members to ensure the compliance with the standards and ethical principles
NAVS is a member of the international organization of valuation organizations IVSC and pan European organization for real estate valuation organizations TEGoVA. NAVS gained AMA (Awarding member Association) status in TEGoVA in 2012 and thus achieved the possibility that its members issue TEGoVA REV professional designation , as a confirmation of the quality of the assessment of real estate. NAVS is one of five members of iiBV, together with American Society of Appraisers (ASA), The Canadian Institute of Chartered Business Valuators (CICBV), China Appraisal Society (CAS) and The Saudi Authority for Accredited Valuers (Taqeem). iiBV together with its members, professional valuation organizations, represents the leading global organization of professional business valuers and provides the education promoting consistent professional standards and ethic codes, motivating also the international communication and cooperation.
