Risk Management Module

The Risk Management Module (RMM) first started in 2003 to show that the Valuation Profession took risk management seriously and were therefore good candidates for professional indemnity insurance.

Valuers who are members of API are required to complete this compulsory module every three years to ensure that they are up-to-date and have the tools to get their risk management right.

Risk management training is important as it puts a consistent base line under the industry and what is acceptable in terms of quality, standards and risks, and provides a standard to which Valuers should operate as professionals in the business.

All API Members who undertake valuations of Australian property (intellectual, personal, real and leasehold property (including plant and machinery)) are required to hold a current RMM Completion Certificate.  

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


Part 3: Online Assessment

0.5 hours / 0.5 CPD points

Access to the Online Assessment is provided by the API once Part 2 (Workshop) has been completed.  Part 3: Online Assessment is:

  • Randomly generated true / false and multiple-choice questions
  • 80% correct for RMM Certificate (from two attempts)
  • Access to online resources
  • Certificate of Completion available on successful completion of the Online Assessment and other required parts of the RMM

 

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?