The Risk Management Module (RMM) program has been a requirement for practising Valuers since 2003, as a collective way to manage professional risk and ensure access to Professional Indemnity (PI) Insurance.

All API Members who undertake valuations of Australian property (intellectual, personal, real & leasehold property or plant & machinery) must hold a current RMM Certificate. Certificates expire on 31 December of the third year following completion.

Applicants for Provisional Membership with Residential Property Valuer (RPV) and Associate Membership with Certified Practising Valuer (CPV) must complete a RMM as part of the Future Property Professionals Program.

RMM 2018 is a blended learning program combining self-paced online Introductory Module, live Interactive Workshop, Online Assessment and online resources. A Certificate is provided on successful completion.

Learning Outcomes

The RMM is the standard for all Valuer Members as it outlines key areas of risk management in valuation.  At the end of the module, members will be able to:

  1. Ensure clear retainers, disclaimers and qualifications are developed in agreements
  2. Follow the 2017 International Valuation Standards  
  3. Ensure adherence to capped liability and claims data
  4. Maintain insurance basics and current position
  5. Organise data ownership, intellectual property (IP) and disruptors


Who should participate:

  • Practising Valuers of Australian property 
  • RPV and CPV accredited Valuers and APIV Scheme Members
  • API Provisional Members seeking RPV or CPV certification
     

The RMM 2018 Program

The RMM 2018 program is in three parts:

 

How do I successfully complete the Risk Management Module?

Completion requirements differ if you have completed a Risk Management Module previously.

If you have not previously completed a Risk Management Module:

  • Successful completion of the Risk Management Module will require you to complete Part 1, Part 2 and Part 3. 
  • Part 3 requires participants to achieve 80% or higher from a randomly generated quiz (from two attempts).
  • A Certificate of Completion is available on successful completion of RMM

If you have previously completed a Risk Management Module:

  • Successful completion of the Risk Management Module will require you to complete Part 2 and Part 3. 
  • Part 1 is not required but can be completed.  
  • Part 3 requires participants to achieve 80% or higher from a randomly generated quiz (from two attempts).
  • A Certificate of Completion is available on successful completion of RMM

NOTE: If your RMM certificate expires on 31 Dec 2018, and you have done any valuations in the 2018 calendar year, you must complete a new Risk Management Module prior to the 31st December 2018 or you will not be able to access your 2018 CPD Compliance Certificate.  

2018 registration fees (incl GST):

 MembersNon-Members
 Part 1: Introduction to RMM (2 CPD points)$75.00$125.00
 Part 2 and Part 3: Workshop & Assessment (3 CPD points)$225.00$375.00
    

 

More information about Risk Management Module

-About Risk Management Module
-Find out more about each part of the Risk Management Module:
 Part 1 - Introduction to RMM Module
 Part 2 - Interactive Workshop
 Part 3 - Online Assessment
-View the list of Upcoming Workshops for Risk Management Module
-Register for Risk Management Module:
 Part 1 - Introduction to RMM Module
 Part 2 - Interactive Workshop:
   Face to Face 
 Part 3 - Access is provided once Part 2 has been completed
-Frequently Asked Questions on Risk Management Module:
 Visit the API's FAQ page and scroll to the Risk Mangement Module section
-Why do I have to do RMM?