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.
Posted on March 26, 2020
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