Level Three - Example One (Integrity) Flashcards
What would you do if you were aware your supervisor had slightly upped the value of a property, as they knew it would lead to repeat work for the company?
Raise with him and tell him he is breaking Rules of Conduct and potentially putting the firm in a difficult place re PI.
If no use, then I would escalate and check with the compliance officer at colliers, who would normally sign off on valuations
How do you treat with care and respect?
Respond respectfully, listen to their opinions, try to be understanding
When might you be able to change your opinion of MV following submission of draft report?
When new reliably evidence has been presented, or a material change to the property – but would need to mention this in the report
What advice did you provide?
- Why the valuation was what it was
- That I could not change the value based on clients aspirations only
