Statement on the allegations of license acquisition from the CMB

In a column by the CMB, it was stated that the accusation “they get a license from the CMB as if they were buying food from the market” stemmed from the lack of information, and said, “Therefore, it is understood that these accusations do not reflect the truth, but were written as a table-based commentary.” expressions were used.

In the statement on the Capital Markets Board (SPK) website, it was reported that a columnist made some allegations against the CMB in his article on 19 November and in a television program on the same date, and expressed his claim based on a reader’s letter.

In the article and comment, it was stated that arbitrary practices were made both during the issuance of real estate appraisal license documents and during the establishment and share transfer of real estate appraisal companies. It was stated that it was deemed necessary to make a technical explanation on the accusation of

The statement noted:

“With the work of the Capital Markets Board in 2001, the legal framework for real estate valuation activity was established for the first time in our country. With these regulations, the principles of real estate valuation activities, the conditions that valuation institutions must have, professional principles and principles, reporting format, and a legal framework. Considering the feedback from the stakeholders, regulations to increase the institutional capacity of companies that will operate in this field were revised and implemented in 2019. With these regulations, the operating conditions that valuation companies must comply with in terms of capital, partnership structure, share transfers, qualifications of real estate appraisers, etc. are at a higher level. It is aimed to institutionalize these companies by determining the real estate appraisal license of the responsible appraisers, who will have a minimum of 51 percent capital in real estate appraisal companies. In addition to having 5 years of experience, they should also have experience.

With the licensing regulation that was implemented in 2001 in order to increase the quality of employees in regulated fields such as capital markets, it was stated that experts who will carry out real estate valuation activities were also subject to a license. In order to work as a real estate appraiser, it is necessary to meet the requirement of at least 3 years of experience in addition to being successful in the exams held by the Capital Markets Licensing Registry and Training Corporation (SPL). it was said.

In the statement, as a result of the examinations held since 2002 within the scope of the current regulations, as of November 19, 2021, a total of 16 thousand 12 experts, 14 thousand 471 of whom have real estate valuation licenses and 1,541 real estate valuation licenses, are working in the capital market professionally.

The statement in question included the following statements:

“In the light of all this information, it is seen that the accusation ‘they get a license from the CMB like they buy food from the market’ in the relevant column is due to lack of information, so it is understood that these accusations do not reflect the truth, but are written as a desk-based report. As the Capital Markets Board, real estate valuation activities are reliable We continue our work by evaluating the feedback from market stakeholders in order to ensure the functioning and development of a transparent, efficient, stable, fair and competitive environment.”


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Source: bigpara- GÜNDEM by bigpara.hurriyet.com.tr.

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