Property Valuers - Practical Tips and Tactics for Avoiding Claims

Introduction

The cyclical nature of the property market and the financial uncertainty being generated by Brexit and the COVID-19 pandemic means there is a near certainty that there will be a significant decline in the property market, at least for commercial property, which will in turn generate claims against valuers.

This webinar aimed at valuers will provide practical advice and helpful tips on how you can seek to avoid claims being made against you and, where claims are made, steps you can take in your day-to-day practice to ensure you can put forward the strongest possible defence.

What You Will Learn

This webinar will cover the following:

• The key elements of a claim against valuers:
• Breach of contract
• Negligence
• The ‘margin of error’ or ‘bracket’
• Causation
• Quantification of a claim and the 6-stage test in the Manchester Building Society case
• Scope of duty, third party reliance on reports, and how to limit your duty, including consideration of the cases of Titan v Colliers, Scullion v Colleys and Tiuta v De Villiers Surveyors
• Liability caps
• Contractual terms - what your retainer with your client should cover
• Limitation - how long after you have provided a valuation can you be sued and for what period should you obtain run-off insurance cover?
• Advice on risk and file management - collation of evidence during the valuation process

This webinar was recorded on 28th November 2022