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sarahbell

MRICS

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2 minutes ago, sarahbell said:

Is it useful?

Is there a list of people who are MRICS?

Yes, otherwise nobody would know who joined.

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20 minutes ago, MrPin said:

Yes, otherwise nobody would know who joined.

Ahhhhhhhhhhhhh found it.
Obviously didn't look properly last time.

 

So what's a Chartered Valuation Surveyor do?

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And a 

Registered Valuer?

 

19 minutes ago, Frank Hovis said:

Chartered surveyors?  Yes, good ones are very useful.

and the bad ones?
No, wait I know the answer to that.

 

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7 minutes ago, sarahbell said:

Ahhhhhhhhhhhhh found it.
Obviously didn't look properly last time.

 

So what's a Chartered Valuation Surveyor do?

In my experience, they look up how much it went for last time, then add a bit.

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40 minutes ago, sarahbell said:

Ahhhhhhhhhhhhh found it.
Obviously didn't look properly last time.

 

So what's a Chartered Valuation Surveyor do?

I was told this.

I can rever to Prof spy from ToS

Chartered surveyors were dreamt up when building societies started lending money outside of their geogragphic area and needed an intermediatory.

Some time in the 80s they started blowing bubbles rather than checking structures.

These days, with MMR, a house is worth about 4 x what the local household income is.

 

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50 minutes ago, sarahbell said:

Ahhhhhhhhhhhhh found it.
Obviously didn't look properly last time.

 

So what's a Chartered Valuation Surveyor do?

Looks on Zoopla at the estimated price and puts it on a form for the bank and signs his name.

Easy money if you can get it. 2 surveys per day, 1000 a day.

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1 minute ago, Green Devil said:

Looks on Zoopla at the estimated price and puts it on a form for the bank and signs his name.

Easy money if you can get it. 2 surveys per day, 1000 a day.

Yes n No.

Theres the full survets where tgey are usegul and almost earn their money.

The drive by surveys are done by machines.

Surveyors, like the rest of the people who depend on housing transactions, are blowing off tramps in the park for loose change.

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1 minute ago, spygirl said:

Yes n No.

Theres the full survets where tgey are usegul and almost earn their money.

The drive by surveys are done by machines.

Surveyors, like the rest of the people who depend on housing transactions, are blowing off tramps in the park for loose change.

Structural surverys are even worse. If he puts something down you didn't already know you've done well. Usually they Potter round with a damp meter and  tick boxes.

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Posted (edited)

A bit of a blinkered view so far. Chartered Surveyors specialise in buying, selling and managing commercial property, a more professional estate agent/letting agent for the clued up.

Now, how about Quantity Surveyors...any ideas?

 

Edited by Panther

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I’ve found to my cost that there is a world of difference between a chartered valuation surveyor and a chartered building surveyed. The former seem to be mouth breathing spastic former estate agents who can’t sell houses so are reduced to surveying. 

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12 hours ago, Green Devil said:

Structural surverys are even worse. If he puts something down you didn't already know you've done well. Usually they Potter round with a damp meter and  tick boxes.

Yep and the survey will be 90% clauses that say you should get X Y Z specialist to check his work as he's not an expert.

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33 minutes ago, Cosmic Apple said:

Yep and the survey will be 90% clauses that say you should get X Y Z specialist to check his work as he's not an expert.

Arse covering to cover professional insurance.like you say a survey will generally provide a list of things you need to check out - presumably some things that you might have missed but leaves many none the wiser in regards what actually needs doing, which is what most people expect they are getting from a survey. 

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5 hours ago, sarahbell said:

So why would a sort-of-council-company need more than one? How much buying and selling property do they do?

For property management too

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In Probate work if an estate is taxable (inheritance tax) and includes a property then that property has to be valued by a MRICS prior to the inheritance tax return being submitted.  The reason for this is that if the property sells for more than the valuation and that valuation was done by an unqualified estate agent then you have to pay the additional IHT plus a 40% penalty on the IHT.  If a MRICS has done the valuation there is no penalty.

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2 hours ago, Ina said:

In Probate work if an estate is taxable (inheritance tax) and includes a property then that property has to be valued by a MRICS prior to the inheritance tax return being submitted.  The reason for this is that if the property sells for more than the valuation and that valuation was done by an unqualified estate agent then you have to pay the additional IHT plus a 40% penalty on the IHT.  If a MRICS has done the valuation there is no penalty.

Can you confirm where the law for this is. As far as I was aware there is no legislation compelling you to use a professional valuer. Simply a requirement to take reasonable care. 

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Just now, sleepwello'nights said:

Can you confirm where the law for this is. As far as I was aware there is no legislation compelling you to use a professional valuer. Simply a requirement to take reasonable care. 

I shall check this out and revert.

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https://academy.rics.org/e-learning/professional-ethics/free-ethics-walkthrough?utm_source=compass&utm_medium=ethics-app&utm_campaign=find out more

By completing the module, you will learn more about the RICS Global Professional and Ethical Standards


It's free.. a walkthrough of the actual module. Takes an hour. Don't have a spare hour at the minute.

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