Definition of Real Estate
All interests, rights and obligations related t the possession of real estate together with all permanent improvements and extensions, such as acquisition and disposition of property, mortgage, insurance, expropriation, easement and utilization.
How do I practice valuation profession
Purpose of valuation
Memberships
Fellowship Certification 
License to practice the profession
Purpose of valuation
Buying and selling
Mergers and acquisitions
Financing
Liquidation
Inheritance and expropriation
Mortgage
Real Estate Valuation Memberships
General Requirements to obtain the membership
- be legally competent
- be of good conduct
- Provide all documents required by Taqeem
- Pass the interviews determined by Taqeem; To verify that the membership requirements are met
- Payment of annual membership subscriptions
ويشترط في المتقدم لها ما يلي:
- أن يكون منتظماً في دراسة أي تخصص يخوله الحصول على درجة البكالوريوس من إحدى الجامعات المعترف بها.
- أن يكون سعودي الجنسية.
ويشترط في المتقدم لها ما يلي:
- أن يكون حاصلاً على درجة البكالوريوس في أي تخصص من إحدى الجامعات المعترف بها.
- اجتياز المستوى (الأول) من اختبارات شهادة الزمالة في فرع تقييم العقارات.
ويشترط في المتقدم لها ما يلي:
- الحصول على شهادة الزمالة في فرع تقييم العقارات.
- أن يكون حاصلاً على درجة البكالوريوس في أي تخصص من إحدى الجامعات المعترف بها، ما لم يكن من الأعضاء الأساسين المستثنين بموجب المادة (الأربعون) من النظام.
- تسجيل ٣٠٠٠ ساعة خبرة في نظام قيمة
General conditions for granting the Fellowship certificate
- Has an academic degree in any recognized specialization and according to the valuation sector and Membership Regulations, unless the applicant is an exempted basic member under Article (40) of the Law.
- Pass all fellowship certification exams according to each valuation sector.
- Complete the required experience hours to obtain the Fellowship Certificate.
- Pass interviews conducted by the General Secretariat to verify the fulfillment of requirements under these Rules.
Training Levels
001
الأطر التنظيمية لمهنة التقييم ومعايير التقييم الدوليةRE102
Basic Valuation PrinciplesRE103
Basic Valuation ProceduresRE104
Real Estate Valuation Using Cost ApproachRE105
Real Estate Valuation Using Market & Income ApproachesRE106
Market Analysis and Highest and Best UseRE107
Real estate laws, principles of urban planning, sustainability, and teamwork 107RE108
Real estate development and valuation using the residual value methodRE109
Land economics and real estate investmentRE110
Application of Accounting, Financing and Taxation principles in real estate valuationRE111
Advanced Market AnalysisRE112
Profit & Advanced Income MethodsRE113
Purpose-Built Office ValuationRE114
Shopping Complexes ValuationRE115
Hospitality & Entertainment Properties ValuationRE116
Heritage & Historical Properties ValuationExperience Hours Required
Hours of experience consist of direct hours and indirect hours. Direct experience hours denotes hours from result from carrying out valuation work, and are calculated through valuation reports, while hours of indirect experience are those that result from supervising the work of valuators, or performing work related to valuation. It is calculated in years of experience. To obtain the fellowship certificate, at least (3000) hours of experience must be registered in the member’s account in Qima portal, provided that at least 50% of hours of professional practice are gained from valuation work.License to practice the profession
Licensing Requirements
- be a Saudi national;
- be legally competent;
- be of good conduct, and not convicted of «hadd» [Sharia prescribed punishment], or of a crime impinging on honor or integrity, unless rehabilitated;
- obtain the Fellowship certificate;
- be a basic member of Taqeem
Members and Firms
Member Obligations
- Work according to valuation standards provided by Taqeem.
- Work or train in a licensed valuation firm according to a valid contract.
- Sign all reports and works in which the member participated.
- The member shall not provide valuation service to more than one client for the same asset except after obtaining the written consent from all clients.
- Present membership and accredited valuer license of the person or firm they work for when carrying out any valuation work.
- Commit to maintain the validity of membership while working at the valuation firm.
License obligations
- Comply with the provisions of the Law, Regulations, Code of Ethics, and Manuals.
- Opening a Firm account in Qima Portal
- Upload a final copy of each valuation report issued by the valuer on the Firm Account, and place the code provided on the report before delivering the report to the client.
- Indicate the authorized sector and Basic Membership designation when signing valuation reports.
- Make sure that all employees or persons involved in preparing the report have signed the report.
- Display membership and license when undertaking any valuation work.
- Ensure that all employees who carry out the valuation work in the Firm are holders of a valid membership.
- Display the valuer's information at the Firm's main office and other subsequent branches, if any.
- Renew Taqeem membership and practice license before its termination.
Important references in real estate valuation
International Valuation Standards 2020
Arabic Version of IVS 2020
Real Estate Valution Manual
Real Estate Valution Manual
Real Estate Valution Manual
Real Estate Valution Manual
Mutual designation with the Royal Institution of Chartered Surveyors (RICS)
Who have obtained Taqeem Fellowship Certification (FR TAQEEM)- Pass the health and safety and teamwork exam (120)
- Register in RICS website
- Pass the Ethics course provided by RICS
- Apply for the mutual designation
- Obtain MRICS
Who have obtained Taqeem Fellowship Certification (FR TAQEEM)
Pass the health and safety and teamwork exam (120)
Register in RICS website
Pass the Ethics course provided by RICS
Apply for the mutual designation
Obtain MRICS- Who have obtained FRICS or MRICS
- Register in Qima Portal
- Upload RICS certificate
- Apply for mutual designation
- اجتياز دورة (٠٠١)
الأطر التنظيمية لمهنة التقييم ومعايير التقييم الدولية
- Pass course RE107
Property Law & Town Planning Principles
- Obtain FR TAQEEM
Who have obtained FRICS or MRICS
Register in Qima Portal
Upload RICS certificate
Apply for mutual designation
اجتياز دورة (٠٠١)
Pass course RE107
Obtain FR TAQEEM