Valuer A (penalty) [2015] NZVRB 6

A complaint was received by the Registrar of the Valuers Registration Board on 22 April 2010 from the owners of the property, a rural homestead. This complaint was lodged as a result of the valuations completed by Valuer A in reports dated 12 October 2005 @ $900,000 and 22 December 2009 @ $380,000. The complainants questioned the differing methodology Valuer A used between the two reports and that either the original valuation was overvalued and/or the second was an under valuation.