Australian Property Institute

Australian Property Institute Valuers Limited

The Australian Property Institute Valuers Limited is a company established by the Australian Property Institute (API) as a special purpose company, the membership of which is restricted to members of API who undertake valuations of real property and the purpose for which it is established is to procure registration of the Company for the benefit of its members under the Capped Liability Scheme operated by the Professional Standards Council and pursuant to professional standards legislation in various jurisdictions across Australia.

The Scheme will apply to all members of the Australian Property Institute Valuers Limited. A condition of membership of the Australian Property Institute Valuers Limited is that a person must also be a member of API and therefore the following members of API will be eligible for the scheme;

Life Fellow Member (who hold the certification of Certified Practising Valuer),
Fellow Member (who hold the certification of Certified Practising Valuer),
Associate Member (who hold the certification of Certified Practising Valuer),
Provisional Member (who hold the designation of Residential Property Valuer),

In addition, only members of API who reside in Australia and undertake the valuation of real property will be members of the Australian Property Institute Valuers Limited.

The Australian Property Institute holds the view that only Provisional Members who hold the designation of Residential Property Valuer have the requisite knowledge and experience to undertake valuations of residential property in their own right. In addition the Australian Property Institute holds the view that only Associate, Fellow and Life Fellow Members who hold the certification of Certified Practising Valuer (CPV) have the requisite knowledge and experience to undertake valuations of all classes of property/assets in their own right.

Australian Property Institute Valuers Limited Constitution - (10 May 2010)

Australian Property Institute Valuers Limited By-Laws - (10 May 2010)