Two Wick­low auc­tion­eers re­ceive Euro­pean stan­dard qual­i­fi­ca­tions

Bray People - - NEWS -

TWO Wick­low-based prop­erty val­uers have re­ceived their TRV qual­i­fi­ca­tions as res­i­den­tial val­uers from the Euro­pean Group of Val­uers As­so­ci­a­tions .

Rory Fenelon who has a busi­ness in Bray and Tracey Bent­ley who works at Ray Gaffney & Sons Ltd in Ark­low were among 57 re­cip­i­ents to re­ceive cer­tifi­cates.

MEP and vice-pres­i­dent of the Euro­pean Par­lia­ment Mairead McGuin­ness has com­mended IPAV, the In­sti­tute of Pro­fes­sional Auc­tion­eers & Val­uers, for in­tro­duc­ing the Euro­pean prop­erty val­u­a­tion stan­dard into Ire­land. This new prop­erty val­u­a­tion stan­dard guar­an­tees a min­i­mum level of ed­u­ca­tion and ex­pe­ri­ence for Val­uers con­duct­ing res­i­den­tial val­u­a­tions.

‘Con­tin­u­ous pro­fes­sional de­vel­op­ment is es­sen­tial for any­one wish­ing to progress in their pro­fes­sion. Achiev­ing this stan­dard en­sures that as a res­i­den­tial val­uer you are qual­i­fied to a con­sis­tently high Euro­pean stan­dard of prac­tice. That is crit­i­cally im­por­tant for those buy­ing and sell­ing prop­er­ties and for lenders fund­ing prop­erty pur­chases,’ she said.

The qual­i­fi­ca­tion is recog­nised as a re­li­able in­ter­na­tional stan­dard by the Cen­tral Bank of Ire­land and the Euro­pean Cen­tral Bank and arose as part of the im­ple­men- tation of the Mort­gage Credit Di­rec­tive re­cently trans­posed into Ir­ish law.

IPAV chief ex­ec­u­tive Pat Davitt said: ‘By achiev­ing this stan­dard val­uers’ can demon­strate pro­fes­sional com­pe­tency and in­de­pen­dence from the credit un­der­writ­ing process. This is im­por­tant be­cause it un­der­pins im­par­tial­ity and ob­jec­tiv­ity in the process and gives con­fi­dence to all con­cerned.’

IPAV grad­u­ates Rory Fenelon from Bray and Tracey Bent­ley Ark­low, with M EP Mairead McGuin­ness and and IPAV pres­i­dent Ea­mon O’Fla­herty.

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