The Residential Valuation Industry Group (RVI Group) has conducted a review of V2.2.2 of the ABFI Residential Valuation Standing Instructions (ABFI RVSI) and a revised version (V3), which will come into effect on 1 December 2021 will be circulated in the coming weeks.
The API education team will be creating a standing instruction training module related to RVSI V3 which will be available from 1 October 2021. Further details relating to the training module will be provided in the future.
Please note that in relation to Section 4 Sales Evidence and in particular 4.1 (a), there are a number of industry recognised third-party sales databases listed. This list has not been updated in a number of years, and there are other third-party sales databases that Members can also rely on, such as APIX. More information on APIX can be found here by clicking here.
If there are any questions in relation to the revised version of the ABFI RVSI, please do not hesitate to contact us at [email protected].
Posted on August 18, 2021