Members shall not accept an assignment that is contingent upon or influenced by any
condition or requirement for predetermined results where the exercise of objective
judgement is required.
Members shall maintain the strictest independence and impartiality in undertaking
their professional duties. To this end, no Member shall:
adopt the role of advocate in a case where their duty is to exercise independence and
allow the performance of their professional duties to be improperly influenced by the
needs or preferences of a client or other party;
rely upon critical information supplied by a client without appropriate qualification or
confirmation from other sources;
act in any other way inconsistent with the duties of independence and impartiality.
Common causes of professional negligence.…
Valuing property outside the valuer’s experience / expertise
Valuing property outside the valuer’s locality / area of experience and knowledge.
Failing to adopt all possible valuation methods as a check and, in particular, failing to
stand back and look at the end result to see whether or nor reality would support the
figure reached by other methods.
Failing to thoroughly inspect the property.
Failing to inspect at all.
Failing to take sufficient time to undertake the valuation and, as such, failing to obtain
available information that would have led to a different conclusion.
Failing to observe the signs of the market, particularly the potential for the boom to
Failing to properly verify or verify at all information relied upon that was provided by
one’s client, the vendor, other valuers, real estate agents, and others generally, etc.
Failing to properly measure the property and, in particular, accepting without
reservation information provided on plans drawn up by others.