Leeson Valuers Risk Management & Compliance
We are committed to the highest standards of integrity and ethics and undertake ongoing professional development, so that we always remain at the forefront of our industry.
We believe in preventing losses
Leeson Valuers has specific standards and systems in place to ensure internal control.
John Leeson signs all valuation reports personally as Valuer.
No valuation reports have electronic signatures attached before the original report is signed and authorised for release.
This internal control provides assurance that risks are minimised.
Staff Training and Professional Development
Leeson Valuers fully support ongoing professional training.
John Leeson has completed in excess of 20 hours professional development training each calendar year for the past 10 years. Details of approved training is submitted to the Australian Property Institute prior to renewal of annual membership.
An audit of the nominated training undertaken is completed by the API.
We attend REIQ and API property conferences, seminars and economic presentations to remain abreast of current issues.
Risk Management Training
Leeson Valuers professional staff are required to undertake risk management training at least every 3 years since 2003. This training has been compiled and endorsed by the Australian Property Institute.
The contents of the training program include: best practices of a professional; better communication; client selection; adherence to basic valuation principles; principles of liability; rules of conduct, code of ethics, disciplinary proceedings and the regulatory framework; professional office practice procedures; and awareness of insurance issues.
A copy of latest Compliance Certificate available.
Additionally, the REIQ undertakes annual risk management training as part of their continuing Professional Development Program. Previous topics include Minimising Litigation and Prosecution & Legislation & Compliance Update. These programs focus on trade practices and PAMD legislation and are face to face contact classes of 3.5 hours duration (sign in/sign out for audit purposes).
Copy of latest Compliance Certificate available.
Policy on Use of Underqualified or Student Valuers
We do not use underqualified or students to undertake property valuations.
Policy on Sub-Contractors
We do not sub-contract any property valuations.
Policy on Type of Property
We only undertake valuations on property where we consider we have sufficient experience. We will advise clients to seek alternative arrangements if we consider we don't have sufficient expertise for a particular property type.
We do not value licensed premises, or tourist related property.