This newsletter serves to reflect on the year that has been and provide some updates from the NZIV Council table.

In the second half of this year we have had a focus on CPD compliance as we move to fully auditing all members compliance from 2024, it was encouraging to see over 400 members registered for the November Virtual Valuers Summit.

If you still need to complete your CPD requirements for 2023 there are many resources available the Valuers Education and Integrity Foundation has some good recent papers and the PINZ website has this year's webinars available HERE.

As we begin to wrap up the year I'd also like to briefly mention the recent success of the very well-supported International Valuation and Appraisal Week social media campaign. Run in the first week of November, this saw some great engagement and we'd encourage members to follow our LINKEDIN page as a great source of information (see below for some of the images).

I welcome feedback and any questions.  Feel free to contact me using the email address below.

Heather Beard
New Zealand Institute of Valuers
Identifying 'Verified CPD' Your minimum 20 points of annual CPD can be made up from multiple sources, but you must have at least FIVE verified points as part of your annual quota.

Verified CPD is a planned and structured activity that is delivered by PINZ or NZIV and that has clear learning objectives and outcomes.

Verified CPD points are automatically issued to member’s CPD diaries by the PINZ National Support Team, not by members directly. This is completed following the marking of attendance at in-person events or following the completion of the verification process for online events.
The type of CPD that an event accrues can be easily identified by the CPD badge that is displayed on the event information. Verified CPD has a BLUE BADGE (pictured) showing the number of CPD points that will be achieved. 

 For further guidance on CPD see the NZIV CPD policy HERE and the PINZ CPD Policy HERE.


CPD Exemptions
CPD exemptions are available in certain circumstances i.e. if you are a non-practising member, or are affected by illness. See Page four of the CPD Policy for further advice.

Overseas Members
Overseas members that are not currently practicing in NZ are automatically exempt – you will receive further correspondence on this next week.
Council Updates
Protecting the public
Several members have raised the issue of agents utilising the term ‘valuations’.
Myself and other councillors are in direct contact with agency firms when we see this arise. Following correspondence from NZIV, the REA sent a reminder to all their members on their use of valuation terms.  We will look to do some education for REA members in 2024.
New Subcommittee
At the October Meeting the NZIV Council resolved to formalise the creation of a new sub-committee for the purpose of Reviewing the Service Level Agreement with PINZ.
This will be led by Jeff Alexander FNZIV and Philip Curnow FNZIV(Life).
The review is for the purpose of future (good faith) negotiations with PINZ with the intention of refining the SLA document to ensure it aligns with NZIV’s requirements under the Valuers Act, and NZIV’s goals and strategies.
NZIV, in conjunction with PINZ, has identified a number of areas where we could improve in marketing the profession to potential new members. This will be a key area of focus for 2024.
The marketing subcommittee led by Vice-President Andrew White FNZIV with agreement from Council recognise the importance of NZIV’s Brand identity and we are engaged to do further work in this space for 2024.
Residential Valuation Forum
NZIV is an observer member on the Residential Valuation Forum which comprises all major trading banks and VOS providers. We utilise this platform to engage with industry on topical issues affecting the valuation profession. The Forum meets regularly throughout the year.
Annual Survey
Our Annual Member survey is to be carried out in February.  We'll be issuing a communication to members when the survey is open.  Your feedback and opinions are important to us.
Seeking New Members on Standards Board
The Property and Valuation Standards Board is seeking two new members to replace Chris Stanley and Patricia Kuczynska who are moving on. 
The new members will be Registered Valuers who have an interest and desire to contribute to the Institutes through the development of Guidance Papers and other advice to the professions. 
Ideally the candidate will be based in regional New Zealand to further encourage diversity of Board membership.
Anyone interested in talking through the role is welcome to give Board Chair Blue Hancock a call on +64 27 544 6611
International Valuation Week

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