COVID-19 New Valuation Protocol released – Significant Valuation Uncertainty
Due to the rapidly changing environment, the API have created a protocol targeted at API Valuer Members (Valuers)
Due to the rapidly changing environment in which we are now operating market uncertainty is all but a given. This new Valuation Protocol deals with the concept of significant Valuation Uncertainty and includes an uncertainty clause relating specifically to COVID-19.
This protocol is targeted at API Valuer Members (Valuers) who undertake valuation services, including for the avoidance of doubt rental assessments and restricted assessments of real property on behalf of clients. This protocol includes:
- What is Valuation Uncertainty?
- What, in contrast is, significant Valuation Uncertainty?
- How to assess significance or materiality
- A sample interim COVID-19 significant Valuation Uncertainty limitation/warning disclosure statement
To view or download a full copy of the new protocol, click here.
Changes to the FPP Program
The API would like to announce that the FPP program has been reviewed and rebranded as Practical Valuation Training (PVT). Commencing January 4th, 2021, the new program will be available…
Member Alert: Victorian Valuer Guidance Update
As we have done during the entire pandemic we are endeavouring to keep you as informed of developments as we are able to. Recently we have received a significant number…
API/APIV Member Alert Update: Requests for Letters of Comfort/Material Change to Valuer/Market Update
This update clarifies and expands on the Member Alert published on Friday 21 August 2020. This updated Member Alert replaces the previous guidance. The purpose of this Member Alert is to provide API Valuer…
Requests for Letters of Comfort/Material Change to Value/Market Update
The purpose of this Member Alert is to provide API Valuer Members with guidance when requested to provide a ‘letter of comfort’ or ‘material change’ or ‘market update’ advice. Download…
Important update for Victorian & Melbournian Members
Under the Victorian Government’s Stage 4 ‘Stay at Home’ restrictions for Metropolitan Melbourne, from 11:59pm Wednesday 5 August, workplaces in Melbourne must be closed and employees required to work at…
COVID-19: Victoria Update
With the Victorian Government announcing new Stage 4 COVID-19 restrictions, I want to update you on how this affects the work of valuations across Victoria. Under Stage 4 ‘Stay at…