independent

Friday 19 September 2014

Auctioneers and valuers receive REV certificates

Published 22/01/2014 | 05:22

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Members of the Institute of Professional Auctioneers and Valuers (IPAV) received their Recognised European Valuer, or REV Certificate, at a function in the Institute of Technology, Tallaght recently.

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Among the recipients were Thomas Harrington of Wentworth Place, Wicklow town who was presented with a Recognised European Valuer (REV) Certificate.

The Certificates were co-presented by the Minister of State at the Departments of Finance and Public Expenditure & Reform Brian Hayes TD and the Chairman of TEGoVA, the European Valuers' representative body, Roger Messenger.

In his comments, Minister of State Hayes stressed the importance of having the highest possible standards of valuation and he was delighted to see IPAV now in a position to provide 'Blue Book' valuations. TEGoVA chairman Roger Messenger said valuers had a major role to play in the economic recovery of Ireland and other countries across Europe and he was delighted to see so many IPAV members taking up that challenge.

IPAV Chief executive Pat Davitt said it was not by accident that IPAV joined as a member association of TEGoVA.

'TEGoVA has its head office in Brussels and is there at the cutting edge of policy-making and able to advise and influence European Directives that affect all our lives as property professionals such as the new Mortgage Services Directive. Financial Institutions can take comfort that all IPAV 'REV' Valuers must sign up to an ad hoc inspection of their valuation work. IPAV will continue to monitor and tweak these valuation reports through a compulsory 20 hours of Continual Professional Development per year and IPAV is audited every five years by TEGoVA. This shows just how seriously TEGoVA and IPAV take these standards,' said Mr. Davitt.

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