REA Seamus Carthy understand that valuations underpin nearly every financial decision we make – from home mortgages and investments to corporate finance and land transactions.
Aishleen O’Toole of REA Seamus Carthy advises that this year The Society of Chartered Surveyors Ireland introduced on a mandatory basis a quality assurance scheme for valuers called Valuer Registration.
Valuer Registration sets out an approach to raise confidence in the delivery of valuation advice and reinforce the highest professional standards in property valuation.
The Valuer Registration scheme will provide lenders, asset managers and investors with a clearly identifiable designation for the best regulated and qualified professionals. By appointing an RICS Registered Valuer, you can be confident that you are working with regulated and qualified professionals.
Due to widespread financial insecurity, the profession recognised an international need to reduce risk associated with valuations of any real estate and land assets.
Aishleen advises that in 2012, the Central Bank of Ireland published a report ‘Valuation Processes in the Banking Crisis – Lessons Learned, Guiding the Future’ that recommended that lenders should seek Red Book valuations from suitably qualified valuers when considering applications for loans or reviewing existing loans.
At REA Seamus Carthy we ensure that the highest professional standards are adhered to at all times. We are Registered Valuers and differentiate ourselves from others.
For further information or to get professional advice in relation to commercial, residential or land valuations contact our Registered Valuers Aishleen O’Toole or Seamus Carthy at REA Seamus Carthy on 090 6630001.