This is a violation of Article 2 , paragraph 11 of the Code of Ethics which states: " Valuation fees must not depend on the results | |
---|---|
As determining a certain fee percentage of the subject asset's value affects the impartiality of valuers and the accuracy and acceptability of the valuation assignment, which would drive valuers to raise the value to get a higher fee | " Accordingly, Taqeem trusts its distinguished members to comply with its Code of Ethics and Professional Conduct |
Moreover, Article 2 of the General Provisions stated: "Valuation practitioners shall acknowledge and recognize this Code and all its aims, principles and provisions set forth therein and commit to it as soon as they join the Authority's membership.
9Our best regards, Saudi Authority for Accredited Valuers TAQEEM | For example, the fee is a percentage of the value or the fee will be paid after the execution of the transaction |
---|---|
.