Article 17. Rights and obligations of the Chamber of Appraisers The Law on Valuation Activities in the Republic of Kazakhstan

Home / RLA / Article 17. Rights and obligations of the Chamber of Appraisers The Law on Valuation Activities in the Republic of Kazakhstan

1. The Chamber of Appraisers has the right:

1) to challenge on their own behalf, in accordance with the procedure established by the legislation of the Republic of Kazakhstan, acts, decisions and (or) actions (inaction) of state and local government bodies and their officials, legal entities that violate the rights and legitimate interests of the Chamber of Appraisers, its members or create a threat of such violation;

2) request from state and local government authorities and receive from these bodies the information necessary for the Chamber of appraisers to perform the functions assigned to it by the laws of the Republic of Kazakhstan, in accordance with the procedure established by the legislation of the Republic of Kazakhstan, with the exception of information constituting state secrets, commercial and other legally protected secrets;

3) join international organizations of appraisers;

4) approve the rules and standards of the Chamber of Appraisers in coordination with the authorized body in the field of evaluation activities and the authorized body in the field of self-regulation;

5) collect entrance fees, annual membership fees and form the property of the chambers of appraisers from other sources not prohibited by the laws of the Republic of Kazakhstan;

6) to refuse admission to membership in the Chamber of Appraisers in the cases established by paragraph 3 of Article 18 of this Law.;

7) with the written permission of the International Assessment Standards Council, translate international assessment standards, as well as post them on its Internet resource;

8) exercise other rights provided for by this Law, other laws of the Republic of Kazakhstan and the charter of the Chamber of Appraisers.

2. The Chamber of Appraisers is obliged to:

1) notify the authorized body in the field of evaluation activities about the start of the activity;

2) comply with the legislation of the Republic of Kazakhstan, the charter of the Chamber of Appraisers and the rules and standards adopted by it;

3) represent the interests of its members in state bodies, local self-government bodies, as well as in international organizations of appraisers in accordance with this Law, other regulatory legal acts of the Republic of Kazakhstan and the charter of the Chamber of Appraisers;

4) develop and approve the rules for issuing certificates of completion of advanced training and retraining courses for appraisers and experts;

5) consider appeals from individuals and legal entities against the actions (inaction) of members of the Chamber of Appraisers;

6) keep registers of members of the Chamber of Appraisers, members of the expert council, which are posted on the Internet resource of the Chamber of Appraisers;

7) review materials on disciplinary offenses of appraisers and experts and impose disciplinary penalties on the perpetrators;

8) exercise control over its members in accordance with the requirements of this Law;

9) suspend and terminate membership in the Chamber of Appraisers on the grounds provided for by this Law;

10) adopt a code of business and professional ethics for appraisers;

11) quarterly, no later than the 20th day of the month following the reporting quarter, provide the authorized body in the field of valuation activities with information about its activities and those of its members in the form approved by the authorized body in the field of valuation activities, with its posting on the Internet resource of the Chamber of appraisers;

11-1) quarterly, no later than the 20th day of the month following the reporting quarter, provide information to the authorized body in the field of valuation activities with a copy of the reports on the valuation of property secured at the conclusion of the mortgage agreement, as well as during the sale of mortgaged property;

11-2) within three working days from the date of the decision to provide the authorized body in the field of evaluation activities with information on the suspension of the certificate and (or) revocation of the certificate and (or) termination of the certificate of qualification "appraiser" of its members;

12) inform the members of the Chamber of Appraisers about the receipt and expenditure of money by posting an annual report on the Chamber's Internet resource;

13) issue certificates of qualification "appraiser", "expert";

14) conduct professional development and retraining courses for appraisers.

The laws of the Republic of Kazakhstan and the charter of the Chamber of Appraisers may establish other duties of the Chamber of Appraisers.

3. The Chamber of Appraisers is not entitled to carry out activities and perform actions that lead to a conflict of interests between the Chamber of Appraisers and its members or create a threat of such a conflict.

Measures to prevent or resolve conflicts of interest are established by the Chambers of appraisers.

This Law regulates public relations related to the implementation of valuation activities in the Republic of Kazakhstan, and also defines the legal basis for regulating valuation activities.

President

Republic of Kazakhstan

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