Online Enrolments Residential Valuation Standing Instructions

Online Enrolments Residential Valuation Standing Instructions

The Residential Valuation Industry Group (RVI) has prepared a revised version of the ABFI Residential Valuation Standing Instructions Version 2.0 which will came into effect on 2 October 2017.

The new version provides clarity and includes a number of changes throughout the document such as PropertyPRO General Matters (in and out of scope clarification), preferred order of sales evidence and clarity around construction valuations definitions. Members are advised to review the entire document to ensure they are aware of all changes that have been made to the Standing Instructions.

Completion of this year’s Standing Instructions Online Module is compulsory for Valuers undertaking residential valuation on bank panels. 

The Lenders require Valuers to complete the elearning module by 31 Dec 2017 (but please be aware that the API offices will be closed 23 December 2017 until 7 January 2018 – offices reopen on 8 January 2018).

Valuers who seek or wish to maintain a place on a Lender panel must complete the module before they can commence panel valuation work for 2018.

To register for the Residential Valuation Standing Instructions Version 2.0 please click here