Sentences with phrase «when valuers»

In the 1990s, when valuers had extreme difficulty obtaining cover to satisfy the RICS requirements, the RICS was prepared to grant waivers which enabled firms to obtain insurance on less demanding terms and continue in practice.

Not exact matches

The rising market in the years prior to 2008 placed a huge demand on surveyors to provide valuations for secured lending purposes, and when the market dropped and many borrowers defaulted, that left valuers as the obvious target for claims by the banks to try to recover their funds.

Again, however, the scope of the valuer's contractual duty was limited to the purpose of obtaining financing and there was no basis for an express or implied term that the valuation was provided for the borrower to rely on when forming its development plans in the future.

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Therefore, when applying for a property valuer position, you must include your capabilities of handling every aspect of the job necessary in evaluating a property.

While the use of the Canadian Standards by AIC members satisfies their clients» need for quality assurance, it is the AIC designations that brokers, lenders, and other clients demand and rely upon when they seek the services of professional real estate valuers.