Who is a valuer and what does he or she do? For many people, a valuer’s work is to “guess” the price of land, houses, or buildings, and then compile and submit a valuation report. Only a few people appreciate that valuation is a highly technical process guided by professional standards, and undertaken by professionally trained, registered, and licensed individuals who adhere to a strict code of conduct. This misconception makes valuation one of the most misunderstood professions. And now, the misconception could get worse should the government succeed in implementing its proposed policy on public asset valuation in its…