Valuer P [2010] NZVRB 6

On 10 March 2006, the complainant wrote to the Valuers Registration Board (“the Board”) making a formal complaint against Valuer P in respect of a valuation. The complainant had been approached to sell the property and Valuer P prepared a valuation for an intending purchaser. The complainant had previously engaged Valuer 1 to carry out a valuation on the property and after comparing the respective valuations from Valuer P and Valuer 1, she believed Valuer P was completely out of touch with both the cost of building and the cost of section improvements. The complainant indicated Valuer P had valued the property at $250,000 less than Valuer 1 and submitted with her complaint a copy of both reports