Completion of the Standing Instructions module is compulsory for Valuers undertaking residential valuations on bank panels (Lenders’ requirements may vary). Valuers seeking a place on a panel must complete the module before they can commence panel valuation work.

The Australian Banking & Finance Industry, Residential Valuation Industry Group (RVI) has prepared a revised version of the ABFI Residential Valuation Standing Instructions Version 2.1 which came into effect on 1 September 2018.

The RVIG insist on API members completing this compulsory online module if they are undertaking residential valuation on bank panels.

The Residential Valuation Industry Group (RVI) has prepared a revised version of the ABFI Residential Valuation Standing Instructions Version 2.0 which will come into effect on 2 October 2017.

The new version provides clarity and includes a number of changes throughout the document such as PropertyPRO General Matters (in and out of scope clarification), preferred order of sales evidence and clarity around construction valuations definitions. Members are advised to review the entire document to ensure they are aware of all changes that have been made to the Standing Instructions.