Two Wicklow auctioneers receive European standard qualifications
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.