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The ISVA Directory ofMembers & Member Firms

---1995/96---

ISVAThe professional

Society for Valuersand Auctioneers

~MACMILLAN

2nd edition published by THE MACMILLAN PRESS LTD, 1995,London and Basingstoke.Distributed by Macmillan Direct Ltd

A catalogue entry for this book is available from the British Library

ISBN 978-1-349-13583-7 ISBN 978-1-349-13581-3 (eBook)

•DPADIIICTOIY 'UILUHUSASSOCIATION

Database management and typesetting by Unwin Brothers Ltd., Old Woking, Surrey,England

cD ISVA 1995/963 Cadogan Gate, London SW1X OAS. Telephone 0171 235 2282

Softcover reprint of the hardcover 1st edition 1996

All rights reserved. No reproduction, copy or transmission of this publication may bemade without written permission.

Further, any person, company or firm found to be reproducing or assisting others inproducing mailing lists, or machine-readable versions derived from this publication willbe prosecuted for copyright infringement.

Every effort has been made to ensure the accuracy of the contents of this Directory, butneither the Publishers nor the Society shall be responsible or liable for any inaccuracy oromission herein. The information in this Volume relating to individuals contains infor­mation which was in whole or in part supplied to the Publisher (The Macmillan PressLimited) by or received by the Publisher from the respective data subject or a third party.Any individual who regards information in this Volume relating to him or her as incor­rect or misleading or who considers that his or her name has been incorrectly omittedfrom any Section should immediately so notify the Publisher in writing.

DOI 10.1007/978-1-349-13581-3

CONTENTS

How to Use the Directory vii

ISVA and the Property Profession xi

History of ISVA xiii

ISVA Personnel xix

Membership Regulations xxxiv

List of Active Members A-l

List of Retired Members A-lS3

Index of Specialisations B-1

List of Member Firms C-1

Index of Firms 0-1

HOW TO USE THE DIRECTORY

List of Members, Active and RetiredThis section contains information on individual corporate members of ISVA arrangedalphabetically by surname. Entries include qualifications, date of election, office addressand telephone number.

Geographical Listing of Member FirmsThis section contains information on firms who have one or more resident ISVA quali­fied members. Entries are arranged alphabetically by town. Each town is sub dividedinto three sections:

Private Practice: Corporate members of ISVA in practice as a sole principal, partner,director or consultant, providing professional services as a valuer, auctioneer, estateagent, property manager or surveyor.

Public Sector: Corporate members of ISVAoffering professional services in local orcentral government or quasi-statutory bodies.

Other: Corporate members of ISVA offering professional services in commercial devel­opment and construction companies and other types of business.

The following symbols are used to indicate broad categories of work a firm provides:

• : Commercial PropertyFirms prepared to act as agents for the acquisition or disposal of property; assess andadvise on land and buildings compulsorily acquired or affected by planning proposals;management of buildings; provide advice on landlord and tenant; and valuations for alltypes of commercial property, including hotels and licensed premises and rating.

~ : AuctioneeringFirms that conduct sales by public auction of all types of freehold and leaseholdproperty, live or deadstock, fine arts, chattels or other goods.

@ :Plant & MachineryFirms that specialise in the valuation of all types of plant and machinery and the build­ings that house them; provide expert evidence as to value for rating and other purposesand conduct sales by auction and private treaty.

~ : Surveys & ValuationFirms that carry out valuations for lending institutions; prepare schedules of work,dilapidations; make valuations of buildings and contents for insurance purposes andcarry out structural surveys reporting on the condition of buildings and Home BuyersReports and Valuations.

* :Residential PropertyFirms that act as agents for the acquisition and disposal of residential property of alltypes and provide advice on property management and maintenance, including the col­lection of rents and ground rents.

[d) :Fine Arts & ChattelsFirms that value and sell by auction goods, fine art, antiques, household effects andfixtures and fittings.

Ii!I :AgriculturalFirms that act as agents for the acquisition and disposal of agricultural properties,conduct farm management and consultancy and prepare valuations of agriculturalproperty and farm livestock for auction and sale purposes.

vii

Surveying instruments from a recent sale

Christie's South KensingtonHold weekly Sales of Art & Antiques in all catagories as well as frequent

Collector's Sales of Antiquities, Aeronautica, Art Nouveau, Cameras,

Costume, Dolls, Fans, Mechanical Music, Marine Models and Collectables,

Motoring Art, Musical Instruments, Pop and Sporting Memorabilia, Toys,

Tribal Art and Wine.

Sales of House Contents and Collections, Valuations for most purposes with

twenty five Regional Offices throughout the United Kingdom and Ireland as

well as Salerooms and offices throughout the world.

Forgeneral enquiries together withfurther information regarding ourservicesplease contact thefollowing members:

Melvyn Gallagher, F.S.V.A. on (0171) 321 3010

Claire Ayres, F.S.V.A. on (0171) 321 3012

Nicholas Orchard, A.S.V.A. on (0171) 581 7611

Simon Green, A.S.V.A. on (0171) 389 2793for furniture enquiries

Jeremy Collins F.S.V.A. on (0171) 321 3149for Scientific Instrument & Aeronautica enquiries

85 Old Brompton Road, London SW7 3LD

Tel: (0171) 581 7611 Fax: (0171) 321 3321 CHRISTIE'S

Specialisations ListingFirms are listed in this section under areas of specialisations. This section may be usedto find the name of a firm which offers the' specific service you require. The firm nameand town are listed and further details can be located in the Geographical Listing.

Alphabetical Index of FirmsThis is a quick reference index of firms arranged alphabetically, listing firm name, townand page number where a fuller entry may be found.

ix

11__--1 THE COLLEGE,""~~" OF ESTATE~,J/ MANAGEMENT

Patron HMThe QueenPresident HRHThe Prrnce of Wales

The College provides a wide range of distance learning courses andother services which enable people in property and construction toobtain professional qualifications and to undertake in-depth post­

qualification study - without having to give up work.

Courses leading to professional qualifications

••••

•••••••

••••

The Royal Institution of Chartered SurveyorsThe Incorporated Society of Valuers and AuctioneersThe Chartered Institute of BuildingThe National Association of Estate Agents

Continuing Professional Development (CPO)

MBA in Construction and Real Estate (University of Reading)Rles Diploma in Project ManagementRICSDiploma in Property InvestmentRICSDiploma in Building ConservationCEM Diploma in ArbitrationCEM Diploma in Facilities ManagementBCSCDiploma in Shopping Centre Management

Other CPO services include:

CPD Study PacksBooks, audio-tapes and video-tapesIn-house trainingOverseas Technical Study Tours

For further information please contact the Director of Courses' officeat The College of Estate Management,

Whiteknights, Reading RG6 6AW.Tel: (01734) 861101Fax: (01734) 750188.

Building Success through Education

ISVA AND THE PROPERTY PROFESSIONISVA is the professional Society which iscommitted to raising continually the stan­dards of ualuaiion services to the market inthe areas of estate agency, auctioneeringand surveying.

ISVA represents members in theprivate and public sectors of housing,industry and commerce. Members of ISVAare concerned with every aspect of valua­tion, use, acquisition and disposal ofurban and rural buildings, including agri­cultural land, live and dead stock, licensedproperty, industrial plant and machineryand fine arts and chattels; the sale bypublic or private treaty of all real andpersonal property; estate management,agency, development and surveying.

ISVA is a major voice in property, con­sistently raising standards and comment­ing on property related issues to govern­ment and the public through press, radioand television. It represents the collectiveviews of its membership to the propertyprofession, government and the con­sumer.

ISVA continually' strives to keepmembers abreast of movements andtrends within the property market world­wide through a range of publications,information sheets, journals, The Valuer,and through professional meetings andseminars.

Raising the StandardsSince 1926, ISVA has conducted profes­sional examinations through its own edu­cational system. ISVA's examinations arerecognised by the Stock Exchange, theValuation Office Agency, the LocalGovernment Training Board, the CivilService, the principal clearing banks, theBuilding Societies Association, by privatepractice throughout the UK and by statutein terms of the Insurance CompaniesRegulations 1981. ISVA continually re­views and updates its educational systemensuring it meets the needs of theproperty profession, providing students

with the multi-faceted disciplines neces-sary to practise. ..

Established in 1924 to promote theinterests and raise the status of thoseinvolved in the profession. ISVA has over30 branches in the UK and abroad, pro­viding regional representation andsupport. Its affairs are nationally directedby a Council elected by its corporatemembers. Its key activities include:

• Providing an educational system thatcombines knowledge with the neces­sary practical skills

• Promoting high standards of profes­sional competence through ongoingtraining.

• Influencing government opinion onproperty related issues and participat­ing in the formulation of European leg­islation.

• Offering professional advice andsupport to all its members.

• Voicing the views of the propertyworld through the publication of TheValuer.

• Providing a mandatory code ofconduct and disciplinary proceduresfor the protection of the public and theprofession.

• Influencing the developments of valu­ation methodology worldwide by rep­resentation on European and interna­tional standards bodies.

Paul Francis, ISVA's President says"Membership, service standards, profes­sional competence and ISVA's profile willall feature strongly during 1995/96. Wewill be working towards raising theprofile of ISVA in the profession and in theeyes of the public by improving the stan­dards of client service and professionalcompetence.

We are committed to preparing ourmembers for the future whilst standingfirm on our traditional foundations ofvalue and integrity. With the proliferationof both information and opportunity,ISVA members will be able to providetheir customers with a quality servicesecond to none".

xi

For all your professional

insurance needs,

talk to VEAGIS.

Telephone 01734 502421

Facsimile 01734 508067

1 St. John's Gate,

Valpy Street,

Reading RG1 1JQ

YEAGIS

VEAGIS Limited is a joint venture company betweenthe Incorporated Society of Valuers and Auctioneersand Willis Corroon LimitedRegistered in England no. 1463200.

HISTORY OF ISVA

The BeginningIn the aftermath of the First World War,with Europe trying to come to terms withthe loss of a generation of its finest youngmen, and politicians resolved to bringabout a "land fit for heroes to live in", it isnot surprising that those close to land andproperty should consider their posi tion. Inparticular they were concerned with thedemographic changes that the aftermathof war had brought about and theunprecedented demand from so manypeople for a house and garden of theirown, for new shops, offices and factories.In addition, there were the associated usesrelating to a country in change, such asfarming, the development of existing andnew towns and all that goes with land useand management.

This led the (then) two professionalbodies, The Surveyors Institution and TheAuctioneers and Estate Agents Institute,to sponsor a Bill in Parliament in 1923called the Landed Property Practitioners(Registration) Bill, the first of many suchattempts to regulate the profession. ThisBill would, however, have precluded frompractice a great number of individuals andcompanies which had so-called "commer­cial interests", including Hamptons,William Willett, Harrods Estate Office,William Whitely, Furlongs of Woolwich,Cowlins of Bristol and particularly agri­cultural and general Valuers andAuctioneers, who often owned or hadcommercial interests in Cattle and GeneralMarkets, then a feature to be found inpractically every county town and citythroughout the country.

Clearly this was a matter of life anddea th professionally and a meeting ofaffected firms and individuals was called,which led to the formation of an actiongroup called the National Society ofLanded Property Practitioners.

This group succeeded in forcing theBill's withdrawal. It was then realised thatthere was a need for a new professionalbody that would continue to protect prac­titioners who, because of their commercialactivities, were to be denied membershipof the other two bodies. Thus in 1924, TheIncorporated Society of Auctioneers &Landed Property Agents came into being"to promote the interests and raise thestatus of auctioneers, estate agents, sur­veyors and valuers including those whohad commercial or other interests, and to

enhance the professional knowledge ofmembers by lectures, conferences, publi­cations, examinations and other meansand so to foster a spirit of service, friend­ship and integrity in keeping with thehighest traditions of the profession".

DevelopmentImmediately after its formation theSociety started establishing branchesthroughout the country and all members,whether Corporate or Students, wereattached to the branch which covered thearea in which they lived or practised orwere at college. Today there are over 30branches in England, Scotland, Wales andNorthern Ireland, together with those inthe Republic of Ireland and Singapore.

In 1930 a Junior Members Organisation(now called Young Valuers andAuctioneers) was formed to which allmembers under the age of 35, irrespectiveof their grade of membership, wereattached. This was to ensure that youngpeople were fully represented at everylevel of the Society's administration andactivity, including the right to nominatemembers to the Council, the main govern­ing assembly. In addition various prizefunds, scholarships and a Students AidFund were established.

The Society soon took its place with thetwo other professional bodies and theLand Agents Society in trying to establishcommon codes of conduct and scales offees and to consult with government andothers through a consultative committee,which became known as the Fees andPractice Joint Conference. Meanwhile, theSociety continued to press for some regu­lation or registration of the profession,always on the basis that its memberswould not be precluded from followingtheir commercial interests, as had been theintent of the 1923 Bill.

The professional achievements of theIncorporated Society were recognised in1930 when HRH The Duke of Yorkbecame Patron, until his accession to thethrone as H.M. King George VI.

AmalgamationThe Valuers Institution was founded in1928 "to protect the interests, improve theprofessional knowledge and raise thestatus of valuers, auctioneers, estateagents and surveyors."

xiii

SPECIALISTS ININSOLVENCY

National David Lowe

London David Henson

Birmingham Bob Barnett

Bristol Robert Belcher

Edinburgh

Glasgow

Leeds

Manchester

Brussels

Paris

0121 236 8236

0171 895 1515

0121 236 8236

0117 984 2400

Shaun Vigers 0131 225 7137

Stewart McAlpine 0141 204 1996

Paul Long 0113 292 5500

Andrew Rodger 0161 834 7187

Richard Stott + 32 2 23070 90

Charles Eve + 33 1 45 63 00 73

~imleyInternational Property Advisers

COMPREHENSIVE PROFESSIONAL SERVICE• Residential sales• Residential management• Valuations for mortgages, probate, matrimonial, insurance, capital

gains etc.• Building surveys & Home Buyer's Reports• Valuations of commercial properties• Compulsory purchase• Rating

OFFICES AT:

ASHFORD MIDDX 01784 255678SHEPPERTON 01932 220471EGHAM SURREY 01784433977BRACKNELL 01344 481272 (Management)BRACKNELL 01344 481273 (Professional)

STAINES 01784466381/2/3STAINES (Sales) 01784455444FELTHAM 0181 751 4225SUNBURY-ON-THAMES 01932 785788LlGHTWATER SURREY 01276 475657

In 1949 the Institution merged with theNational Association of Auctioneers, abody first formed in 1924 with similaraims. There was a further amalgamationin 1953 with the Valuers Association(founded in 1937 ) and in 1959 with theNorthern Ireland Auctioneers Associa­tion. By virtue of these amalgamations theValuers Institution, which retained its ownname throughout, brought together thesmaller estate organisations for the goodof the public and the profession as awhole.

In 1968, The Valuers Institution amal­gamated with the Incorporated Society toform The Incorporated Society of Valuers& Auctioneers, which is a leading bodywithin the profession of the land. Its cor­porate members offer specialist valuationand related services in the public andprivate sectors, at home and abroad, in avariety of disciplines including GeneralPractice, Agriculture, Fine Arts & Chattelsand Plant and Machinery.

The Society also pioneered the intro­duction of Mandatory ProfessionalIndemnity Insurance in 1982, and abonding scheme, which enabled thosewho suffered loss resulting from amember's dishonesty to claim reimburse­ment. All corporate members now have tocomplete twenty hours annually of struc­tured learning or Continuing ProfessionalDevelopment (CPO), as it is known.

In 1994 the Incorporated Society ofValuers and Auctioneers changed itstrading name and logo to ISVA with theaccompanying descriptor - The profes­sional Society for Valuers andAuctioneers. The change of corporateidentity, new mission statement and otherchanges to the syllabus, membershipgrades and marketing signalled the begin­ning of an exciting and challenging periodfor ISVAand the property profession.

RepresentationISVA is a supporting member of theInternational Real Estate Federation(FIABCI), is a formal Associate Member ofthe European Group of Fixed Assets(TEGOVOFA) and, with the RoyalInstitution of Chartered Surveyors, aformal Associate member of the Inter­national Assets Valuation StandardsCommittee (TIAVSC).

An important relationship exists withthe Irish Auctioneers & Valuers Instituteand ISVA has, for many years, appointedone of its senior members to serve on theCouncil of the Irish Institute. In addition

there is a close relationship with theAmerican Society of Appraisers and corre­spondence is maintained with theAustralian Institute of Valuers, theAppraisal Institute of Canada, theSingapore Institute of Surveyors &Valuers, the New Zealand Institute ofValuers, the Hong Kong Institute ofSurveyors and other professional bodiesthroughout Europe and the world.

EuropeMany members have been practising inEurope very successfully since the early1970s. With the single market, ISVA hasbeen paying particular attention over thelast two to three years to playing its part,in representing the interests of its mem­bers in Europe. ISVAhas been particularlyactive in ensuring the mutual recognitionof the qualifications and professional dis­ciplines of its members through thelobbying process in Brussels, and in EEClegislation and directives.

Under the terms of the European direc­tive 89/48/EEC, Article 3(b), members ofISVA, having the level of qualificationrequired, and relevant professional experi­ence, should be assured of their rights ofrecognition.

With regard to representation inEurope, ISVA has joined with the RoyalInstitution of Chartered Surveyors asfounder members of a Pan Europeanproperty federation known as ConseilEuropeen des Professions Immobiliers,(CEPI), which has its headquarters inBrussels. This federation includes in itsmembership professional associations ofother nations broadly representing valua­tion, agency and property management.

Education and MembershipMembers of ISVA will be found in everyactivity connected with valuation andproperty, including private practice asvaluers, auctioneers, surveyors andagents, either specialising in commercialproperty or residential or both, or provid­ing specialised services in plant &machinery valuation, fine arts & chattelsand agriculture, the public service, such asthe Valuation Office Agency, Departmentof the Environment, Ministry ofAgriculture, Fisheries and Food, WelshDevelopment Agency, in local Govern­ment, with County Councils, London andMetropolitan Boroughs and DistrictCouncils. They also practice in all parts ofcommerce and industry, private and

xv

Greater Manchester & The North WestConsultant Surveyors • Valuers • Estate Agents

Residential, Commercial &Industrial Properties

Residential & CommercialDevelopment Surveyors

Commercial and ResidentialManagement

Conservation Surveys &Listed Buildings Advice

11 Union Street, Oldham, LanesTelephone 0161-652 1234

Offices in Ashton-u-Lyne, Middleton, Heywood,Glossop, Shaw, Mossley, Saddleworth & Chadderton

public property companies as directorsand professional operational staff and infinancial services, which include the JointStock Banks, Fund Management,Merchant Banks and Building Societies.

As a leading professional body, ISVAhas always recognised its responsibility toprovide an examination system whichmeets the demands of the competitiveenvironment of the property profession.

The flexibility of ISVA's new syllabuswill be of great advantage to both employ­ers and employees. The unitised structurewill enable people from wide and differ­ing backgrounds to gain the qualification;it will be ideal for those already employedwithin the profession and those consider­ing a career change as well as students infull time education.

This new syllabus is the result of threeyears continuous research and develop-

ment. It reflects ISVA's determination torespond to new educational challengesfacing the profession and will instill in itsstudents the ISVAculture of an innovativeand progressive body.

There are six grades of membership:Student, Graduate Valuer (ISVA),Associate, Fellow, Honorary Fellow andRetired. The entry requirements relatingto those grades are set out in MembershipRegulations. Evidence is required tosupport applications for admission to thevarious grades.

Corporate membership of ISVA isawarded to those who pass ISVA's exami­nations or who have other approvedexempting qualifications, and completethe Professional Assessment programme.Corporate members are entitled to use thedesignatory letters ASVA (Associate) orFSVA (Fellow) after their name.

ISVA - THE PROFESSIONAL SOCIETY FORVALUERS AND AUCTIONEERS

xvii

\~;~K(LiverpOOI John Moores University

BSc(Hons)/BSc in Building Surveying• 3 years full time • 4 years sandwich • 6 years part time

BSc(Hons)BSc in Quantity Surveying• 3 years full time • 4 years sandwich • 6 years part time

BSc/BSc in Urban Estate Management• 3 years full time

MSc in Commercial Property Management• 1 year full time

All of the above courses carry full exemptions from the R.I.C.S. with theexception of A.P.C.In addition, the School also provides the following courses of interestto the Surveying profession:

Certificate in Construction Contract Law and Administrationby Distance Learning

• 6 months (presented in association with James R. Knowles,Construction Contract Consultants)

BA in Housing Studies• 5 years part time

BA(Hons)/BA in Urban Planning• 3 years full time

MSc in Urban Renewal• 1 year full time • 2 years part time

MSc in Environmental Planning• 2 years full time • 3 years part time

The School also maintains close links with industry and the professionalbodies through sponsored research, consultancy and the provision ofcontinuing education to practitioners across the whole range of Surveyingdisciplines. These links are particularly important in ensuring the content ofthe academic courses is kept relevant to the needs of the wider economy andthat teaching can take place within an industrial, commercial andprofessional context.Senior Staff associated with Surveying coursesProf. Peter Morgan (Director of School), Brian Greenhalgh (External Affairs),Robert Hodgkinson (Academic Programmes), Prof. David Jaggar (Researchand Dev.), David Morley (Finance and Resources),Prof. Del Williams(Academic Quality).Section leaders:Paul Wordsworth (Building Surveying), Andrew Ross (Quantity Surveying),Peter Brown (Estate Management)

For further information, please contact: School of the Built Environment,Liverpool John Moores University, Clarence Street, Liverpool L3 5UG.Tel: 0151-231 3586 Fax: 0151-7094957.

ISVA PERSONNELHeadquarters Staffing StructureAddress3 Cadogan Gate, London SW1X OAS.Tel 0171 235 2282. Fax 0171 235 4390

Chief ExecutiveHamlyn Whitty

Assistant Chief Executive,Head of Education & MembershipDepartmentMrs Vivien Small MA

Secretary to the Chief ExecutiveMiss Sarah Crane

Marketing ManagerMiss lona Dean

Administration & Marketing OfficerMrs Jan Ambrose

Education and MembershipDepartmentMembership OfficerMaurice Worsdall BA

CPD OfficerMiss Jacqueline Pennington

Professional Assessment OfficerMrs CilIa Heath BEd

Assistant Education Officer(Examinations and Careers)Miss Patricia PittersFinance DepartmentFinance OfficerJohn Kelly

Assistant Finance OfficerChristopher Kite

Professional ServicesDepartmentProfessional Services OfficerBrian Grainger FRICS FSVA

Assistant Professional Services OfficerAdrian Turner LLB

The ValuerEditorMrs Margaret Powley-Baker

Assistant EditorMrs Helen Enefer

Officers and Honorary Fellows

Officers of ISVA 1995/96The PresidentThe Immediate Past PresidentSenior Vice-PresidentVice-PresidentThe Honorary Treasurer

Honorary Fellows

His Grace The Duke of Atholl DLRonald Bernstein DFC QC FCIArb Hon

FSVAThe Lord Colnbrook KCMGAlbert B Fallows CB FRICS Hon FSVASir Marcus Fox MBE MP Hon FSVASir Desmond Heap Hon FSVAPeter Huntsman BScFRICS Hon FSVA

Paul R Francis FSVARoger P Carson FRICS FSVAChristopher S Edwards DipVEM FSVATimothy A Balderston BScFRICS FSVANeville S Pearson FSVAACIArb

Sir Frank Layfield QC Hon FSVAHis Honour Judge Marder QC Hon FSVAWilliam H Rees FRICS Hon FSVARex Shutler CB FRICS FAAVHon FSVARoger W Suddards CBE LMRTPI Hon

FSVAF Peter Wilson Hon FSVA

xix

ESTABLISHED OVER 40YEARS

PIDLIP PHILLIPS •ESTATE AGENTS •SURVEYORS •VALUERS

0 0 0127 BRENT STREET HEAD OFFICE: 10 THORNFIELDHENDON NW4 2DX SENTINEL SQUARE PARADETEL 0181·202 3833 120/122 BRENT DOLLISROADFAX 0181·202 9838 STREET HENDON MILL HILL

NW42DT NW71LNTEL 0181·202 3535 TEL 0181·349 4444FAX 0181·202 9505 FAX 0181·346 0070

So now we've got your attention .

.......... who says advertising doesn't work?

Ring 0171 240 7207

The Council 1995/96

PresidentPaul FrancisImmediate Past PresidentRoger CarsonVice-PresidentsChristopher EdwardsTimothy BalderstonPast PresidentsJohn ChambersPeter MagsonRaymond PainterHon. TreasurerNeville S Pearson

Members Elected by National Ballot

Robert BrownJulian SmithPeter TownleyAndrew WhitePaul WhittakerWarren Wright

Young Valuers and AuctioneersRepresentatives

Gary ThompsonJames KnightJohn ToplissNeil Maloney

Members Elected by the Branches

Central LondonMichael GunstonJohn WillsNE LondonPaul ShaverinNWLondonPaul GoddardSE LondonRichard InnissSW LondonMichael DonaldsonAvon, Somerset, Glos & N WiltsRichard NewsomeBerks, Bucks & OxonDavid NassifChannel IslandsRobin Stone

CornwallPeter HeatherDevonRoger PunchEast AngliaWilliam KnightEast MidlandsIan HepworthEast YorkshireIan LoncasterEssexDavid DedmanKentMichael BakerLincolnshire & South HumbersideLouise MumfordLiverpool Districts & North WalesRichard BaddeleyManchester & DistrictSam LancasterRick DallimoreMid-AngliaAndrew ColleyNorth East of EnglandPeter GlendinningNorth West of EnglandRichard GriffithsNorthern IrelandJohn McCulloughScottishAlastair McKenzieSouth WalesAllan FoggSouth YorkshirePaul HoughSurreyMarion LewisSussexAnthony CoxWessexJohn SladeWest MidlandsMartin GrangeWest YorkshireBrian JonesRepublic of IrelandJohn Elliott

xxi

Committee Membership1995/96Standing CommitteesAppeal CommitteeThe PresidentThe Senior Vice-President/President ElectThomas BalderstonSir Brian GoswellRoy Hunter HudsonPeter MagsonAthol H MurrayNeville PearsonJohn PhillipsJohn PorterClifford TippettLay representation

Disciplinary CommitteeJohn Wills (Chairman)James Shaw (Vice-Chairman)John BuddIeJohn ChambersAndrew ColleyRichard Courtenay LordJohn HockeyDon MagennisRaymond PainterDavid RoyleNorman WebbAndrew WhiteLay RepresentationEducation CommitteeArthur Broadhurst (Chairman)David BoothGraham DouglasNorman HigginsRichard InnissNigel MehdiGary Thompson (YVAnomination)Valerie TurnerJohn Dall (by invitation, Chairman, CPD

sub-Committee)David Nassif (by invitation, Chairman,

Central Professional Assessment Panel)

Executive CommitteeThe PresidentThe Immediate Past PresidentThe Senior Vice-President/President ElectThe Vice-PresidentThe Three Past Presidents who are

members of CouncilThe Chairman of the YVAThe Chairmen of the Education,

Professional Practice and Resourcesand General Purposes Committees

Three other members of Council:Andrew ColleyAnthony CoxJohn Willis

(Chairman: Christopher Edwards)

xxii

Membership & Branch OrganisationCommitteeStephen Hayter (Chairman)Warren Wright (Vice-Chairman)Philip HerdsonDavid MarshallSimon MaxtonLouise MumfordJohn Topliss (YVAnomination)Jonathan Webber

Policy CommitteeThe PresidentThe Immediate Past PresidentThe Senior Vice President/President ElectThe Vice-PresidentThe Chairmen of all Standing

Committees except the Appeal,Disciplinary, Executiveand Selection Committees

The Honorary TreasurerThe Chairman of the YVA

Professional Practice CommitteeRobert Brown (Chairman)Michael BakerMichael DonaldsonMartin GrangePeter HeatherSam LancasterNeil Maloney (YVAnomination)Peter Townley

Resources & General PurposesCommitteeTimothy Balderston (Chairman)Andrew White (Vice-Chairman)Robert BusbyCatherine EdwardsJames Knight (YVA nomination)Paul ShaverinPeter WaltonPaul WhittakerThe Honorary Treasurer (ex officio)The Honorary Premises Surveyor

(ex officio)

Selection CommitteeThe President Elect (Chairman)The PresidentThe Immediate Past PresidentThe Vice-PresidentThe Senior Vice-Chairman of the YVA

Specialist CommitteesAgricultural CommitteeTrevor Williams (Chairman)Robert Marshall (Vice-Chairman)Frederick GroundsMartin SadlerWalter WinstanleyMartin Wright (YVAnomination)

Dr James Jones (by invitation, RoyalAgricultural College)

Auctioneering CommitteeJohn Townsend (Chairman)Gary Murphy (Vice Chairman)Christopher DeeIvor HermanNicholas Muston (YVAnomination)Jonathan Rounce

Commercial Property CommitteeIan Loncaster (Chairman)Andrew BattyDe BradshawTimothy HeatleyTo be advised (YVAnomination)William Knight (Snr)Roger SeddonCharles TeacherRichard Froggatt (by invitation)

European CommitteeJames Shaw (Chairman)Peter BibbyGary John (YVAnomination)Simon O'ReillyStuart Durrant (by invitation)

Fine Arts and Chattels CommitteeNicholas Somers (Chairman)Melvyn Gallagher (Vice-Chairman)Judith Kilby HuntMarion LewisNicholas Orringe (YVAnomination)Kenneth Swash

Plant and Machinery CommitteeJohn Liddiment (Chairman)David FawcettGlyn GrundyJames HagueThomas HutchinsonAnthony Rogerson (YVAnomination)

Residential Property CommitteeDavid Berriman (Chairman)Michael Day (Vice-Chairman)Michael ArthanPeter EdwardsPaul PerryRoger PunchMichael Schurer-Lewis (YVAnomination)Guy Warren

Valuation and Surveying CommitteeDavid Stathers (Chairman)Stephen CallaghanAlan CollettMichael GunstonJulian SmithHugh Tippett (YVAnomination)Jeremy WatersMatthew White

John Hayes (by invitation)Angela Warr-King (by invitation)

Young Valuers andAuctioneers Council 1995/96OfficersGary Thompson (YVAChairman)James Knight (YVAImmediate Past

Chairman)John Topliss (YVASenior Vice-Chairman)Neil Maloney (YVAJunior Vice­

Chairman)

Members of Standing & SpecialistCommitteesGary Thompson (Policy)Gary Thompson (Education)John Topliss (Membership & Branch

Organisation)Neil Maloney (Professional Practice)James Knight (Resources and General

Purposes)Martin Wright (Agricultural)Nicholas Muston (Auctioneering)Philip George (Commercial Property)Gary John (European)Nicholas Orringe (Fine Arts and Chattels)Anthony Rogerson (Plant and

Machinery)Michael Schurer-Lewis (Residential

Property)Hugh Tippett (Valuation and Surveying)

Branch RepresentativesSally Anne Robertson (Central London)Peter Gunby (North East London)Michael Grimshaw (North West London)Nicki Fairhurst (South East London)Timothy Barlow (South West London)Matthew Moody (Avon, Somerset, Glos &

North Wilts)Mark Harris (Berks, Bucks & Oxon)Catherine Millard-Beer (Channel Islands)Stephen Jenkin (Cornwall)David Aplin (Devon)Christopher Beckett (East Anglia)Miles Howard (East Midlands)Anthony Rogerson (East Yorkshire)Jean Gilbert (Essex)Nicholas Butler (Kent)Ian Smith (Lincolnshire & South

Humberside)Michelle Davis (Manchester and District)Joanne Brown (Mid-Anglia)Roger Speirs (North East of England)Ian Milford (Northern Ireland)David Archibald (Scottish)Neil McKenzie (South Wales)Andrew Slevin (South Yorkshire)Nicholas Orringe (Surrey)

xxiii

Presidents of ISVA

Presidents of The ValuersInstitution

Brian Tweedie-Smith (Sussex)John Daley (Wessex)Richard Holland (West Midlands)Matthew Coles (West Yorkshire)

1968 F J Kensett1969 Lewis D Moss1970 J E Cullis1971 Preston R Tucker1972 Athol H Murray1973 Albert E Gray1974 K W Forbes1975 D Oliver Davey1976 John E Porter1977 Julian E Markham1978 Clifford Tippett1979 David E Royle1980 H Jack Smith1981 Thos B Balderston1982 Neville S Pearson1983 Brian C Grainger1984 John M Phillips1985 Vincent Kenneally1986 Sir Brian Goswell1987 James Shaw1988 Don Magennis1989 Alan Tate MC1990 John BuddIe1991 Raymond H J Painter1992 Peter J Magson1993 John R Chambers1994 Roger P Carson1995 Paul R Francis

Presidents of theIncorporated Society ofAuctioneers and LandedProperty Agents1924-25 Sir R Woodman Burbidge

BtCBESamuel WallrockPercival G DaviesHerbert J FurlongHubert F HomanWilliam H HamiltonHerbert W PilkingtonNorman L BallLeonard F ArnoldArthur G MinterKelynge R EnglandJohn E MitchellRobert Clayton

1957 S T Bethell1958 George R Nicholson1959 F R Montague1960 Reginald Hodson1961 Herbert K Catford1962 Lt Col H C Phillips1963 Tom Batty1964 J Grahame Gorringe1965 R Hunter Hudson1966 Arthur F Maxted1967 Robert W Nelson

The Institution was amalgamated withThe Incorporated Society of Auctioneersand Landed Property Agents in April1968.

1926-2719281929193019311932193319341935193619371938

Presidents of The NationalAssociation of Auctioneers1924-26 Alfred Sockett1926 Thomas Carter (Died in Office)1927 J C Jefferson1928 N Dayer Smith1929 A Brown1930 E H Goddard1931 H Guy Moore1932 D Ainslie1933 T Howe1934 Handel Wilde1935 J Litten1936 JTalbot Nansen1937 C J Kennaway1938-39 Harold Marshall1940-44 W PShaw1945-46 R W McGlashan1947-48 R G Miller1949 J SutherlandThe Association was amalgamated withThe Valuers Institution in July 1949.Amos Chippindale

WE WadsleyA B SearleH C de BurghJohn H RabyWE BiscombeAlan L SmallGeorge JacquesJohnG M MannD G LoftingH EastwoodJ W BettyesWilloughby BullockAubrey A G TooneJ SutherlandRowland ClayV DevereuxStephen SutcliffeCharles HArneyWilfrid L DalyRobert GambleW B P Bowen

1929-351936-3719381939194019411942194319441945194619471948194919491950195119521953195419551956

xxiv

Chairmen of The YoungValuers and Auctioneers1994 James L Knight1995 Gary F Thompson

The Junior Members Organisationbecame The Young Valuers andAuctioneers in September 1994.

ISALPA 1930-68 ISVA 1968 onwards

1939 S C Hart (Died in Office)1939-40 Bernard Thorpe1941-45 A J Critchel1946 LG Beardmore1947 W Jefferiss Jones1948-49 C W Taylor1950 H G Coe1951 A Oliver Perkins1952 Gladstone E Moore1953 Granville Morris1954 C A Knight1955 Douglas W Gilbert1956 Howard Minter1957 W Berners Price JP1958 Herbert H Davies BEM1959 Edward J Stringer1960 Eric C Dee1961 E Howard Hackett1962 Brian M Mead1963 Harold E Colton1964 John R Flanaghan1965 H W Fluck1966 F J Kensett1967 K Clayton

The Society was amalgamated with TheValuers Institution in April 1968.

Presidents of The ValuersAssociation1936-43 P Michael Faraday1944-48 Amery Underwood1949 H Jackson-Stops (Died in Office)1949-50 Amery Underwood1950-53 James Bedford

The Association was amalgamated withThe Valuers Institution in February 1953.

Chairmen of The JuniorMembers' Organisation1930-31 Leslie J Mitchell1932 Charles Arnold1932-33 Claude L Driver1934 Douglas W Gilbert1935 Herbert Randall1936 Henry N Rosswick1937 Leslie J Mitchell1938 Howard Minter1939-44 Geoffrey Lewis1945-46 K Firth Butterfield1947 Douglas W Gilbert1948 Leonard J Smith1949 J Harold Norris

1950195119521953195419551956195719581959196019611962196319641965196619671967-6819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994

George S FinchErnest J TuckerT G Stuart SherburnNeville R Nock DSCPhilip G R SaintWilliam ShepherdRichard J SimpsonKenneth V JohnsonDesmond G HarrisJohn E PalaceClifford TippettJack R WalterWilliam KnightNeville S PearsonRonald E WilliamsP J MagsonC G BentleyM RA HowardJulian E MarkhamB John HeddleAlfred D MossopAustin M RogersStephen B MurrayMichael E PriceBarney BettesworthF David BottomDerek R ElstonChristopher LegrandJames W ShawAndrew J K WhitePaul M SymsJohn R HockeyMartin J GrangePaul R FrancisTim BalderstonStephen C HayterNicholas C B TurnerWilliam S KnightMarion J LewisTimothy J SavageDavid W PriceWarren J WrightPaul N WhittakerHugh S TippettJames L Knight

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Branch Officers 1995/96

Central London

ChairmanDe Bradshaw FSVAIan Scott & Co Ltd20 Berkeley StreetLondon W1X 5AETe 0171 493 9911Fax 0171409 3312

SecretaryLaurence Bird FSVALaurence Bird & Co81 Wimpole StreetLondon W1M 7DBTel 0171 4863311Fax 0171 2243743Senior Vice-Chairman:a Grainger (0181 994 9000).Treasurer: J Hayes (0171 637 0821).Education & CPD:G Harris (0171 7033822).Membership:o Grainger (0181 994 9000).Public Relations:R Serlin (0171 6370821).YVARep:S A Robertson (0171 629 6602).Student Liaison:G Harris (0171 7033822).

North-East London

ChairmanRon Creed FSVADrivers and Norris407 Holloway RoadHollowayLondon N7 6HPTel 0171 700 4500Fax 0171 6095031

SecretaryMichael Spall FSVA IRRVSpall Beeton12a Sun StreetWaltham AbbeyEssex EN9 lEETel 01992 711777Fax 01992 654980

Treasurer: P Baker (01707644446).Education & CPD:D Blackie (0181 252 8260).Public Relations:B Chumbley (0181 508 9448).

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YVA Rep: P Gunby (0181 554 3406).Student Liaison:D Blackie (0181 252 8260).

North-West London

ChairmanColin Midson ASVACornerstone Professional700 Uxbridge RoadHayesMiddlesex UB4 ORQTel 0181 561 9175

SecretaryJohn Pridham FSVAGrimshaw & Co5 Station ParadeUxbridge RoadEaling CommonLondon W5 3LDTel 0181 992 5661

Vice-Chairman:M Bell (0181 579 1370).Treasurer: P Marshall (0181 566 3738).Education & CPO:MAllen (0181 8638099).Membership:PHarris (01923 773616)Public Relations:N Ransley (0181 5611828).YVA Rep: M Grimshaw (0181 992 5661).Student Liaison:A Hedgeland (01895 633707).

South-East London

ChairmanAlan Davies ARICS ASVALondon Borough of Lewisham2nd Floor, Laurence HouseCatford RoadLondon SE6 4RUTel 0181 695 6000 ext 8120

SecretaryMichael Lewis FSVAMichael RogersTubs Hill HouseLondon RoadSevenoaksKent TN13 1BLTel 01732 740000Fax 01732 742240

Treasurer:R Wallis (0181 858 1144).Education & CPO:J Webber (0181 313 9000).Membership:J Webber (0181 3139000).Public Relations:A Miller (01689 825678).YVA Rep: N Fairhurst (0181 6583821).Student Liaison:N Fairhurst (0181 6583821).

South-West London

ChairmanNeil Maloney ASVAMarquis & Co61 Richmond RoadTwickenhamMiddlesex TW1 3AWTel 0181 891 0222

SecretaryLouise Barnes BSc ASVAGale & Power CommercialProperty Leeds (UK) LtdMajestic House132 High Street, StainesMiddlesex TW18 4BXTel: 01784 466381Fax: 01784 465309

Vice-Chairman:N Philpott (0181 542 3057).Treasurer:A Trendell (0181 5438336).Education & CPO:J Barnes (0181 8929936).Membership:Miss L Barnes (01784 466381).Public Relations:N Philpott (0181 542 3057).YVA Rep: T Barlow (0171 3500274).Student Liaison:P Dack (0181 891 4932).

Avon, Somerset, Glos& North Wilts

ChairmanHuw Thomas DipVEM ASVADreweatt Neate48 Market PlaceChippenhamWiltshire SN15 3HQTel 01249 653361Fax 01249 654848

SecretaryMarcus Collings ASVAChesterton, Embassy HouseQueens Avenue, CliftonBristol BS8 lSBTel 01179277700Fax 01179268347

Vice-Chairman:R Wilson (01242 602634).Treasurer: D Hawkins (01225 444447).Education & CPO:P Smith (0117 962 8818).Membership: D Rice (01179239922).Public Relations:H Thomas (01249653361).YVA Rep: M Moody (01179262210).Student Liaison:D Harris (0117961 4152).

Berks, Bucks & Oxon

ChairmanRobert Busby FSVALambert Smith HamptonRegent Arcade House19-25 Argyll StreetLondon WI V 1AATel 0171 4944000Fax 0171 4140866

SecretaryStephen Phillips FSVAFrank Farr3 Wellesley AvenueRichings Park, IverBucks SL10 9AUTel 01753 653555Fax 01753 630123

Senior Vice-Chairman:T Holloway (01295 253197).Junior Vice-Chairman:P Aggett (01628 604477).Treasurer: P Aggett (01628 604477).Membership: R Busby (01628 76001).YVA Rep: M Harris (01628 76001).

Channel Islands

ChairmanDavid Evans FSVAHealey & BakerPO Box 254Colomberie Close, St HelierJersey JE4 8TZTel 01534 71441Fax 01534 59374

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SecretaryJulian Mallinson ASVAWilliam Bull & CoSt Ives, ColomberieSt HelierJersey JE2 4QATel 01534 24158

Vice-Chairman: V Huelin (01534 66689).Treasurer: J Roffe (0153472617).Education & CPO:J Mallinson (0153424158).Membership: J Mallinson (01534 24158).Public Relations:J Mallinson (01534 24158).YVARep:Miss C Millard-Beer (01534 25511).Student Liaison:Miss C Millard-Beer (01534 25511).

Cornwall

ChairmanPhilip Martin ASVAPhilip Martin9 Cathedral Lane, TruroCornwall TRI 2QSTel 01872 42244

SecretaryTony Aitken FSVAAJ AitkenWatersmead47 Trelissick Fields, HayleComwall TR27 6HZTel 01736 754185

Vice-Chairman:A Harvey (01736 62286).Treasurer: S Eustace (01726 69933).Education & CPO:A Harvey (0173662286).Membership: A J Aitken (01736 754185).Public Relations:J Crosby (01209 213124).YVA Rep: S Jenkin (01736 61282).Student Liaison: R Tongue (01726 73588).

Devon

ChairmanAdrian Russell ASVAGribble Booth & Taylor4 Cross StreetBamstapleNorth Devon EX311BATel 01271 25168Fax 01271 22552

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SecretaryAlan Hill FSVAG A Valuation & Survey LtdFox HouseWhimple StreetSt Andrew's CrossPlymouth PLI 20NTel 01752 260011Fax 01752 229211

Vice Chairman:G Hetherington (01884 252524).Treasurer: G Arnold (01392 421210).Education & CPO:P Cope (01823 251515).Membership: N Storton (01271 863091).Public Relations:R Punch (01752 223933).YVA Rep: 0 Aplin (01626 63788).Student Liaison:N Wheeldon (01752 670700).

East Anglia

ChairmanMichael Day ASVAEkins16-18 Queen StreetNorwich NR2 4SUTel 01603 624507

SecretaryWilliam Knight FSVA IRRV FCIArbF Land InstKnight Benjamin & CoGuildhall Chambers35 St Giles StreetNorwich NR2 IJNTel 01603 624244

Treasurer: J Read (01603 457600).Education & CPO:o Gilbert (01603 628721).Membership: W Macklin (01473 726736).Public Relations:P Nicholls (01379651931).YVA Rep: C Beckett (01603409824).Student Liaison: N Denny (01473 56731).

East Midlands

ChairmanTom Smith BSc ASVAWABamesPortland SquareSutton in AshfieldNottinghamshire NG17 IDATel 01623 554084

SecretaryJonathan Toon FSVAPaul Clements Shelton & Co21 Derby RoadLong EatonNottinghamNotts NG10 1LVTel 01602 735229Fax 01602 465215

Vice-Chairman:K Sangra (01533 543373).Treasurer: P Clements (01602397121).Education & CPO:K Sangra (01533543373).Membership: JToon (01602 735229).Public Relations: PRose (01773 713344).YVA Rep: M Howard (01644 840066).Student Liaison:A Ramji (01533 8895645).

East Yorkshire

ChairmanPeter Mawer ASVA ARICS FAAVCranswicks96 Quay RoadBridlingtonNorth Humberside Y016 4HZTel 01262 672110Fax 01262 675251

SecretaryDel Roberts ASVA IRRVJoplings10 North Street, RiponNorth Yorkshire HG14 1JYTel 01765 604428Fax 01765 69079

Vice-Chairman:D Roberts (01765 604428).Treasurer: S Dee (01377241919).Education & CPO: JStott (01482 226993).Public Relations:J Wattrus (01423 530030).YVA Rep: A Rogerson (01482214455).Student Liaison:A Rogerson (01482214455).

Essex

ChairmanHayman Wheaton ASVAFenn Wright Spurlings146 High StreetColchesterEssex COl 1PWTel 01206 764499

SecretaryMichael Stapleton ASVAScott & Stapleton112 Rectory GroveLeigh-on-SeaEssex SS9 2HLTel 01702 471155

Vice Chairman: P Wren (0181 554 6272).Treasurer: P Toy (01376349141).Education & CPO:Y Pajwani (0181 535 0050).Membership: M Acock (01702467000).Public Relations:J Maidman (0181 554 6065).YVA Rep: Mrs Y J Gilbert (0171 6299292).Student Liaison:Mrs Y J Gilbert (0171 629 9292).

Kent

ChairmanJohn Collier ASVADover District CouncilHoneywood RoadWhitfield, DoverKent CT16 3PQTel 01304 821199

SecretaryJeremy Frankson ARICS ASVAThe Empty Homes Agency195-97 Victoria StreetLondon SWlE 5NETel 0171 8286288Fax 0171 828 7006

Vice-Chairman:D Harvey (01732456229).Treasurer: R Stafford (01233 640800).Education & CPO: P Ive (01634 828111).Membership: N Boswell (01227 788088).Public Relations: T Rix (01622 762000).YVA Rep: N Butler (01892 544717).Student Liaison:M McLeod (01622691133).

Lincolnshire & SouthHumberside

ChairmanJeremy Eyeons FSVABairstow Eves1 Pump SquareBostonLines PE21 6QNTel 01205 365601Fax 01205 310121

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SecretaryDavid Booth BScARICS ASVA IRRVEkinsSuite A Ground FloorNewton House, 48 WestgateGranthamLines NG31 6NSTel 01476 591220Fax 01476 590839

Vice-Chairman:D Booth (01476591220).Treasurer: JSneath (01406 380325).Education & CPO:R Turner (01754 766061).Membership: J Pinchbeck (01472 351127).YVA Rep: I D Smith (01472 356143).Student Liaison: I Smith (01472 356143).

Liverpool Districts & NorthWales

ChairmanRichard Baddeley FSVACarreg-y-GroesGarth RoadBlancombewayColwyn Bay LL28 5TDTel 01492 580680Fax 01492 580681

SecretaryStephen Dodgson FSVAJones OliverBridgegate ChambersDuke StreetChester CHI 1RPTel 01244 315154Fax 01244 311282

Vice-Chairman: C Poe (0151 608 9391).Treasurer: E Farrer (0151 604 0625).Education & CPO:N Spencer (0151 608 8882).Membership:E Farrer (0151 604 0625).Public Relations:N Spencer (0151 608 8882).

Manchester & District

ChairmanRichard Byrom JP BA MPhil FSVA RIBAFCIArbByrom Clark RobertsThe Building Centre115 Portland StreetManchester M1 6DWTel 0161 236 9601

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SecretaryRick Dallimore FSVAMeller Braggins & Co37 Princess StreetKnutsfordCheshireWA166BPTel 01565 632618Fax 01565 755679

Treasurer: P Cheyne (0161 941 4879).Education:K Aspin (0161 342 8355).CPO: Mrs L Bennett (0161 8348384).Membership:P Townley (0161 8348384).Public Relations:P Cunliffe (0161 491 6093).YVARep:Miss M Davis (0161 477 4222).Student Liaison:K Aspin (0161 3423412).

Mid-Anglia

ChairmanRoy Skeels ASVAColleys Professional Services28 Market SquareLeighton BuzzardBedfordshire LV7 7HETel 01525 373746Fax 01525 850458

SecretaryAndrew Richardson ASVAColleys Professional Services186 Bedford RoadKempstonBedfordshire MK42 8BLTel 01234 855140Fax 01234 852790

Vice-Chairman:B Key (01234 267646).Treasurer: N Goss (01733 230705).Education & CPO:S Briggs (01908682219).Membership:B Key (01234 267646).Public Relations:P Kotowski (01733 344222).YVA Rep: JBrown (01234 355266).Student Liaison:R Stone (01234 228475).

North East of England

ChairmanSteven Kaye ARICS ASVA IRRV22 Athenaeum StreetSunderlandTyne & Wear SRI 1DHTel 0191 510 8080Fax 0191 6540778

SecretaryRoger Speirs ASVAChestertonNew England HouseRidley PlaceNewcastle upon Tyne NE1 8JWTel 0191 232 8127Fax 0191 232 0944

Vice-Chairman:G Cadwallader (0191 261 2681).Treasurer: BOrchard (0191 477 1011).Education & CPD:G Cadwallader (0191 261 2681).Membership:G Cadwallader (0191 261 2681).Public Relations:R Speirs (0191 2328127).YVA Rep: R Speirs (0191 232 8127).Student Liaison: P Bowe (0191 233 0019).

Northern Ireland

ChairmanMichael Martin FSVA IRRVMacAuley Dickey & CoProperty Surveyors & Valuers92 High StreetHolywoodCounty DownBT189HNTel 01232 428221Fax 01232 426080

SecretaryAlan Newell FNAEAAlan Newell & CoEstate Agents & ValuersUnit 6aThe Shopping CentreBallynahinch RoadCarryduffBelfast BT8 8NDTel 01232 812422

Vice-Chairman:L Graham (013967 23408).Treasurer: R Smyth (01232 325888).Education & CPD:A Newell (01232 812422).

Membership: A Newell (01232812422).Public Relations:L Graham (013967 23408).YVA Rep: I Milford (01238 563939).Student Liaison:I Milford (01238 563939).

North West of England

Acting Chairman/SecretaryRichard L Griffiths FSVA3 Portland PlacePenrithCumbria CA3 8DHTel 01768 867243

Scottish

ChairmanTimothy Bunker ASVA IRRVRyden Property Consultants46 Castle StreetEdinburgh EH2 3BNTel 0131 2256612Fax 0131 225 5766

SecretaryDavid Archibald ASVAMartin McCall Group pIcMunro PlaceAnnieslandGlasgow G13 2UPTel 0141 9580491Fax 0141 9547131

Vice-Chairman:R Melville (0131 557 6878).Treasurer: J Rounce (0131 225 4643).Membership:S Sladdin (0131 225 2424).Public Relations:V Linacre (0131 6652843).YVA Rep: 0 Archibald (0141 958 0491).Student Liaison:Ms E Bowman (01314495111).

South Wales

ChairmanRichard Tudball BA ASVATudball & Edwards92 Bute StreetTreorchy, RhonddaMid Glamorgan CF40 2UUTel 01443 775588Fax 01443 777066

xxxi

SecretaryGordon Hendry FSVAColleys Surveyors & Valuers183 Caerleon Road, NewportGwent NP9 7HATel 01633 266779Fax 01633 212265

Treasurer: A Fogg (01495 762200).Education & CPO:G Hendry (01633 266779).Membership: C Thomas (01222 757811).Public Relations:J Bywater (01222 712266).YVA Rep: N McKenzie (01222481205).Student Liaison: B Leaf (01443 709032).

South Yorkshire

ChairmanDavid Kennaway ASVA FNAEA MITDHalifax Property Services1 St James RowSheffield SllWZTel 0114 2760171Fax 0114 2723708

SecretaryKim Lewis ASVASheffield Property Agencyla Haggstones DriveOughtibridgeSheffield S30 3GLTel 0114 2862525Fax 0114 2862525

Treasurer: Ms J Hough (0114 2760151).Education & CPO:D Kennaway (01142862525).Membership:D Kennaway (0114 2862525).Public Relations:Ms J Hough (01142760151)YVA Rep: A Slevin (0114 2666630).

Surrey

ChairmanMarion Lewis FSVAYew Cottage13 Bourne Road, CodalmingSurrey CU7 3NQTel 01483 425750

SecretaryArthur Thackray ASVA IRRVChief Estates SurveyorEnvironmental ServicesLondon Borough of Merton

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Merton Civic CentreLondon Road, MordenSurrey SM4 5DXTel 0181 545 3078Fax 0181 5436085

Vice-Chairman:N Orringe (01323410419).Treasurer: A Hards (01372222441).Education & CPO:N Jordan (0181 7706160).Membership: TAmes (0171 373 0033).Public Relations:C Bourne (0181 545 3069).YVA Rep: N Orringe (01323410419).Student Liaison: C Bates (01737 766858).

Sussex

ChairmanRobert Inman ASVARaymond P Inman35 & 40 Temple StreetBrightonSussex BN1 3BHTel 01273 774777

SecretaryBrian Tweedie-Smith ASVAGraves Son & Pilcher51 Old SteyneBrightonSussex BN11HUTel 01273 321123Fax 01273 771070

Vice-Chairman:B Tweedie-Smith (01273 321123).Treasurer: P Churchill (01273 486435).Education & CPO:E Parsons (01273325911)Membership:M Howell (01273474839).Public Relations:C Bernhardt (01243 582388).YVARep:B Tweedie-Smith (01273 771070).Student Liaison: L Duff (01273 325911).

Wessex

ChairmanDavid aIds ASVAPrimmer ou,51/53 London RoadSouthamptonHampshire Sal 2ADTel 01703 222292

SecretaryGuy Standley ASVA (Rtd)Ellis & Partners4 Dean Park CrescentBournemouthDorset BH11LYTel 01202 551821

Vice-Chairman:

C Chance (01962 846637)Treasurer: H Bowman (01202 660099).Membership: J Munro (01489 578844).Public Relations:S Gardiner (01703 229332).YVA Rep: J Daley (01705822341).Student Liaison:A Grounds (01703 633313).

SecretaryLinda WinstanleyKirklees Metropolitan CouncilHigh Street BuildingsHigh Street, HuddersfieldWest Yorkshire HD1 2LTTel 01484 422133

Treasurer: G Thompson (01484 422442).Membership: J Crawley (0113 2304645).Public Relations:C Wilson (01132390666).YVA Rep: M ColesStudent Liaison:R Halstead (01484 422133).

Republic of Ireland

ISVNs ProfessionalAdvisers

Vice-Chairman:A Leon (0013531 6616731).Treasurer:G McDonnell (0013531 6614799).Membership: W Lyle (0013531 544429).

ChairmanJohn Elliott FSVA MIAVI ACIArbElliott and FitzGerald11 Lower Pembroke StreetDublin 2, EireTel 0013531 614403

SecretaryJames Burke FSVA FIAVI ACIArbDublin City Properties Ltd88 Lower Leeson StreetDublin 2, EireTel 0013531 6763971

Nabarro NathansonErnst & YoungLloyds Bank pIc

SolicitorsAuditorsBankersParliamentaryAgentsInsuranceServices

Sharpe PritchardVEAGIS Ltd1 St John's GateValpy Street, ReadingBerkshire RG11JQTelephone: 01734 502421Fax: 01734 491063

Public Relations Stuart Hyslop EditorialConsultants Services

91 High Street, EsherSurrey KT10 9QATelephone: 01372460111Fax: 01372 470955

SecretaryCatherine Edwards BSc FSVA ARICSCecil Cariss & Son20-22 High StreetKings HeathBirmingham B14 7JUTel 0121 444 5311Fax 0121 444 4080

ChairmanTony Ellis FSVABirmingham City CouncilEconomic Development DepartmentBaskerville HouseBroad StreetBirmingham B1 2NATel 0121 235 3777

Vice-Chairman:C Edwards (0121 444 5311).Treasurer: C Conyers (0121 643 6664).Education & CPD:T Lee (01562 820505 ex 2720).Membership: R Hall (01562 824721).Public Relations:P Herdson (01746767488).YVA Rep: R Holland (0121 622 1155).

West Midlands

West Yorkshire

ChairmanBryan Taylor FSVA ACIArbG A Valuations & Survey CharteredSurveyors Ltd3/4 Kings Square, YorkYorkshire Y01 3BHTel 01904 640770

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MEMBERSHIP REGULATIONS

There are six grades of membership:Student, Graduate Valuer (ISVA), Assoc­iate, Fellow, Honorary Fellow and Retired.The requirements relating to admission tothose grades are set out below. Evidence(including copy certificates) is required tosupport applications for admission to thevarious grades. Registration fees arepayable upon election to or advancementof membership, except in respect ofHonorary Fellows and Retired member­ship.

StudentsAgeThe minimum age for admission is 16years.

QualificationsThe minimum educational requirementsare the attainment of one of, or an equiva­lent combination of, the following:(a) grade A, B or C passes in five subjects,

including English Language andMathematics, in the General Certifi­cate of Secondary Education, with notless than three passes at one exam­ination sitting;

(b) grade A, B, or C passes in foursubjects, including English Languageand Mathematics, in the GeneralCertificate of Secondary Education,provided that at least one of thesubjects has been passed at GCEAdvanced level at grades A-E;

(c) the College of Estate ManagementCertificate in Residential EstateAgency, subject to the Society reserv­ing the right to interview the appli­cant;

(d) a Higher National Certificate orHigher National Diploma awarded bythe Business and Technician Educa­tion Council within any subject area;

(e) a National Diploma or NationalCertificate awarded by the Businessand Technician Education Councilwithin any subject area provided thatthe candidate has been required toshow competency in numeracy andthe use of English;

(f) overseas educational attachmentsaccepted by ISVA as equivalent to theabove.

Not more than one craft subject will be

xxxiv

accepted for the purposes of (a), (b) and (f)above.

Mature EntryApplications in writing from persons overthe age of 21 years with experience in theprofession will be considered on theirindividual merits.

NVQs and GNVQsThe following qualifications are accept­able for the purposes of admission tostudent membership:(a) Intermediate GNVQ in any subject

area, irrespective of grade;(b) Advanced GNVQ in any subject area,

irrespective of grade;(c) NVQ level 2 in any of the 9 classifica­

tions, subject to the applicant havingGCSE passes with grade A, B or C inMathematics and English Language;

(d) NVQ level 3 in any of the 9 classifica­tions, subject to the applicant havingGCSE passes with grade A, B or C inMathematics and English Language,unless the applicant can provide othersatisfactory evidence of meetingISVA's numeracy and literacy require­ments, with ISVA reserving the rightto interview.

The GCSE requirement in respect of NVQswill not apply if an applicant comeswithin ISVA's mature entry category.

TrainingApplicants must be undertaking, orintend within six months to embark upon,a course of study for the profession and,where employed therein, be workingunder the supervision of a corporatemember of ISVA or of the Royal Institu­tion of Chartered Surveyors or such otherperson as ISVA may decide to accept forthe purpose.

DeclarationApplicants are required to agree:(a) that they will be bound by and

comply with ISVA's Memorandumand Articles of Association and anysubsequent alteration thereto and theByelaws and Regulations made there­under:

(b) that they will not describe themselvesor permit themselves to be describedas Members of ISVA nor use any des­ignations or distinguishing letters ofISVA until such time as they may be

elected Graduate Valuers (ISVA)Fellows or Associates of the Society.

RecommendationApplications must be supported asfollows:(a) where the applicant is following a full­

time course of study, by the Head ofDepartment in which he is studyingor by the Course Tutor

(b) where the applicant is employed,normally by the employer;

(c) where the employer is not a Fellow orAssociate of ISVA, by a Fellow orAssociate other than a relative of theapplicant.

The person(s) making the recommenda­tion must certify that he/they believe(s)the information on the application form tobe correct, that in his/their opinion theapplicant is suitable for student member­ship of ISVA and, where applicable, thatthe applicant is in employment in whichhe will derive relevant professional expe­rience. Additionally the employer mustundertake to seek to ensure that thestudent will be supported in his study forthe profession.

Period of Student MembershipStudent membership must normally berelinquished eight years after the date ofelection or upon the student qualifying,whichever is the earlier, as a GraduateValuer (ISVA).

Graduate Valuer (ISVA)Graduate Valuers (ISVA) are entitled touse the designation Graduate Valuer(ISVA); they do not have voting rightswithin ISVA.

QualificationsThe requirements are:(a) to have passed ISVA's Final or Direct

Final examination, or exemptingaward; and

(b) to be registered on ISVA's ProfessionalAssessment.

DeclarationGraduate Valuers (ISVA) are required toagree:(a) that they will be bound by and

comply with ISVA's Memorandumand Articles of Association and anysubsequent alteration thereto and theByelaws and Regulations made there­under; and

(b) that they will not describe themselvesor permit themselves to be describedas Members of ISVA,nor use any des-

ignations or distinguishing letters ofISVA, other than that of GraduateValuer (ISVA) until such time as theymay be elected Associates or Fellowsof ISVA.

Period as Graduate Valuer (ISVA)Graduate Valuers (ISVA) must normallyadvance to Associate membership of ISVAwithin six months of completing theProfessional Assessment (or such extend­ed period as the Council may allow).

AssociatesAssociate members are entitled to useISVA's distinguishing letters and designa­tions, and have voting rights within ISVA.

AgeThe minimum age for admission is 21years.

QualificationsThe minimum requirements are:(a) to have passed ISVA's Final or Direct

Final examination or an attainmentaccepted as equivalent thereto; andnormally

(b) (unless the corporate membershiprequirements of ISVA or the RICSwere attained prior to 1973), to havesatisfied ISVA's Professional Assess­ment requirements or an acceptableequivalent thereto.

DeclarationApplicants are required to agree:(a) that they will be bound by and

comply with ISVA's Memorandumand Articles of Association and anysubsequent alteration thereto and theByelaws and Regulations made there­under; and

(b) that on ceasing to be a member ofISVA they will not at any time repre­sent themselves or allow themselvesto be represented as being a memberof ISVA.

RecommendationApplications must be supported by aFellow or Associate of ISVA, other than arelative of the applicant. The personmaking the recommendation must certifythat he believes the information on theapplication to be correct and that in hisopinion the applicant is suitable forelection as an Associate member of ISVA.

FellowsFellows are entitled to use ISVA's distin-

xxxv

guishing letters and designations, andhave voting rights within ISVA.

AgeThe minimum age for admission is 30years.

QualificationsThe minimum requirements are as abovefor Associate membership, plus two yearsas an Associate of ISVA, or Fellowship ofthe Royal Institution of CharteredSurveyors.

ExperienceApplicants must have been in practice inthe profession for at least ten years or forat least five years as a principal ormanager.

DeclarationApplicants are required to agree to (a) and(b) under 'Declaration' for Associatemembership above.

RecommendationApplications must be supported on thesame basis as for Associate membership.

Honorary FellowsThe Council is entitled by special majorityto elect as an Honorary Fellow of ISVAany person who in its opinion it is desir­able, in the interests of, and consistentwith, the objects of ISVA, so to elect.

Retired MembersRetired members are entitled to use thedesignatory letters appropriate to thegrade of membership they possessedimmediately prior to their becomingRetired members, provided that the word'(Retired)' or '(Rtd)' is added thereto.

QualificationsA Fellow or Associate is eligible forelection as a Retired member if he hasretired from all practice in the professionand is not remuneratively engaged thereinby way of employment, consultancy orotherwise and provided also that he is notfor the time being engaged in, or con­nected with, any occupation or otherbusiness which, in the opinion of theCouncil, is inconsistent with membershipof ISVA.

DeclarationAs well as declaring as above, applicantsmust undertake not to allow their namesto appear in any capacity on the notepaper

xxxvi

or other material of any organisation con­nected with the profession.

Period of Retired MembershipA Retired member ceases to be eligible forthis grade of membership if the circum­stances above cease to apply.

Examination StructureThe ExaminationsISVA's examinations are held in May andOctober at three levels - Part I, Part II andFinal. Alternatively, it is possible to takethe Graduate Preliminary and GraduateFinal examination, or the Direct Finalexamination. ISVA is currently introduc­ing a new syllabus based on a six unitsystem: Units 1 and 2 will correspond tothe Part I, Units 3 and 4 to the Part II, andUnits 5 and 6 to the Final. The newsyllabus is being phased in with Units 1and 2 examined for the first time in May1995. Transitional arrangements allowstudents reasonable opportunity to com­plete the examinations on the Examina­tion Syllabus 1982 (revised 1987).

DivisionsThe examinations may be taken in the fol­lowing divisions:

General PracticeAgricultural PracticeFine Arts & ChattelsPlant & Machinery

Professional AssessmentIn addition to passing the examinations,students in all divisions are required tosatisfy the Professional Assessmentrequirements prior to election to corporatemembership. These are outlined on pagexxxviii.

Conditions of EligibilityPart I Examination I Units 1 and 2A candidate mustbe a student member of ISVA.

Part II Examination I Units 3 and 4A candidate must(a) be a student member of ISVA(b) have passed the Part I examination or

such other examination as ISVA mayaccept in lieu.

Final Examination I Units 5 and 6A candidate must

(a) be a student member of ISVA(b) have passed the Part II examination or

such other examination as ISVA mayaccept in lieu.

Graduate entry route for non-cognatedegree holdersA candidate must(a) be a student member of ISVA(b) have obtained an approved degree.

Direct Final Examinationl Direct EntryRoute to Units 5 and 6A candidate must be a student member ofISVAand either(a) (i) have served in the profession in an

approved position for at least 10 years,and(ii) have attained the age of 30 years

(b) (i) have served on a regular engage­ment in HM Forces for not less thanten years, and(ii) have left HM Forces within fiveyears of seeking entry to the examina­tion,and(iii) have attained the age of 30 years

(c) (i) be serving on a regular engagementin HM Forces and have completed notless than 10 years service, and(ii) have attained the age of 30 years

(d) (i) have passed the Final Examinationof a related professional body whichdoes not have exemption from ISVA'sexaminations, and(ii) have attained the age of 30 years.

Modular SystemCandidates may sit ISVA's Part I (all divi­sions) and Part II (General Practice,Agricultural Practice and Plant &Machinery divisions) examinations on amodular system in May and October.Candidates may sit(a) modules A and B together in May, or(b) module A or module B alone in May,

or(c) module A or module B alone in

October.At each level, candidates may sit moduleA or module B in whichever order theywish. However, Part I candidates areadvised to sit module A first. Candidatesmay sit the first module in either MayorOctober.

Unit SystemUnder the Exam Syllabus 1994, candidateswill be able to sit one or two Units in Mayand October of each year.

Entry to ExaminationsEntry forms for the May examinations areavailable, on request, from 1st Octoberand must be returned to the Educationand Membership Department not laterthan 31st January preceding the examina­tions.

Entry forms for module A or module Bat Part I and Part II levels for the Octoberexaminations are available, on request,from 1st June and must be returned to theEducation and Membership Departmentnot later than 15th August preceding theexaminations.

Entry to sit Units under the ExamSyllabus 1994 will follow the sametimetable. Once the syllabus is fully inplace units 1 to 6 will be available everyMay and October.

ISVA reserves the right to accept orreject any application to sit the examina­tions.

Compulsory CoursesAll candidates are required to attend, atthe Part I and Part 11/ GraduatePreliminary levels, a special one daycourse arranged by ISVA.

Candidates sitting Units under theExam Syllabus 1994 will be required toattend a compulsory course/workshopfor each Unit.

Examination CentresThe May examinations are normally heldat centres in London Birmingham,Edinburgh, Manchester, Sheffield, South­ampton and Taunton. The October exami­nations are held in London and Man­chester

Re-ExaminationsCandidates may be referred in one subjectin each module at Part I and Part II levels.If module A and module B are sat togethercandidates may be referred in one subjectper module, ie two subjects in total,provided those subjects are not in thesame module.

If one module is sat and a candidate isreferred in one subject, that subject can betaken either as a single subject or with thesecond module at that examination level.Whichever option is selected, TWOattempts at the referred subject will beavailable, provided that those twoattempts are taken at the next two avail-

xxxvii

able examination sittings; failure at thesecond attempt, or failure to sit, willnecessitate retaking all the subjects withinthat module. A referred subject at Part ICANNOT be taken with a module fromPart II. Both Part I modules must bepassed before a candidate can register fora Part II module.

Candidates may be referred in onesubject in the May examinations at theGraduate Preliminary, Final, GraduateFinal, or Direct Final levels. TWO attemptsare allowed at the referred subject,provided that those two attempts aretaken at the next two available examina­tion sittings. Candidates not attemptingthe referral, will only be able to re-sit thereferred subject in the following Mayexamination.

Under the Exam Syllabus 1994, candi­dates may be referred in one subject perUnit with two attempts at the referredsubject. A referred subject from one Unitcan be taken with the next Unit only.

Examination FeesThe examination fees payable are detailedon the entry forms, the appropriate feemust be submitted with the entry form.The full fee will be returned to any candi­date whose application is rejected.

Examination InstructionsExamination instructions are issued to allcandidates with the examination timeta­bles approximately 6 weeks prior to theMay examinations and approximately 2weeks prior to the October examinations.No books or other material may be takeninto the examination hall except thosedetailed in the examination instructions.

New LegislationCandidates will be expected to know thedetails of legislation passed and casesreported before the end of July of the pre­ceding year and to understand the generalprinciples only of legislation subsequentlypassed and of cases subsequently decided.

Examination SyllabusThe detailed syllabus, past examinationpapers, notes for guidance and book listsare available from ISVA as sales publica­tions.

ScotlandExamination candidates in Scotland

xxxviii

should follow the Scottish syllabus in thedivision of their choice. Candidatesshould contact the Education and Mem­bership Department for details.

StudyStudy for ISVA's examinations is byattending a full-time, part-time day orevening course or by taking a distancelearning course. A list of colleges offeringtuition for ISVA's qualification is availablefrom the Education and MembershipDepartment.

ExemptionsCertain alternative qualifications areacceptable in lieu of ISVA's own examina­tions. Enquiries concerning exemptionsshould be made in writing to theEducation and Membership Department,and photocopied evidence of qualifica­tions must be enclosed.

Professional AssessmentRequirementsIntroductionIt is ISVA's policy to ensure that students,prior to achieving full membership andthe status of qualified valuer, shoulddemonstrate competence in their field ofprofessional work in a non-examinationsituation. That competence is assessedthrough the programme of ProfessionalAssessment which is undertaken during atwo-year period of approved employmentin which a journal and a prequalificationassignment are completed.

ISVA considers the ProfessionalAssessment to be the bridge between theprofessional examinations and the contin­uing professional development which isundertaken once full membership hasbeen achieved.

Approved EmploymentApproved employment is normallyemployment in which the student isworking under the supervision of a corpo­rate member of ISVA or of the RoyalInstitution of Chartered Surveyors.

The JournalThe journal is a factual document indicat­ing the amount and range of work under­taken by the student, within certain cate­gories prescribed by ISVA, during thetwo-year period of the Professional

Assessment. The journal does not form adiary, nor does it represent merely a reflec­tion on the previous month's work writtenat the end of that period. The journal iswritten up progressively and theapproach is expected to be both descrip­tive and objectively critical.

The Pre-QualificationAssignmentStudents in the General Practice divisionhave a choice of one of three assignmentsand are expected to complete the assign­ment most suited to the area of their pro­fessional practice. The assignments areavailable on a regional basis, and are pre­sented to students at regional meetingswhich may include site visits.

The assignments require a criticalanalysis based on actual properties forwhich the site visits are arranged and forwhich students are given a basic brief.Students may be given the opportunity touse either the property visited or a similarproperty known to them and approved byISVA.One of the assignments within eachregion normally relates to residentialpractice.

Appropriate pre-qualification assign­ments are available for students in the spe­cialist divisions.

All StudentsAll students must(i) meet the Professional Assessment

requirements within the appropriatedivision prior to advancement toAssociate membership;

(ii) be student members of ISVA and inapproved employment for the wholeof the two-year period of theirProfessional Assessment.

Full-time studentsFull-time students will normally berequired to register for the ProfessionalAssessment on completing their full-timestudies for ISVA's Final examination or foran exempting qualification and on obtain­ing approved employment.

Sandwich course studentsStudents taking a sandwich course whichleads to exemption will normally berequired to register for the first year of theProfessional Assessment on 1st Octoberduring their placement period.

Part-time and distance learningstudentsPart-time and distance learning studentswill normally be required to register forthe Professional Assessment on passingISVA's Part II Unit 4 examination, or theappropriate level of an exempting qualifi­cation.

Direct Final studentsAfter successful completion of the DirectFinal examination or direct entry route toUnits 5 and 6, students complete the pre­qualification assignment in the appropri­ate division. This is undertaken on suc­cessful completion of the written examina­tions. In exceptional circumstances,students within the General Practice andPlant and Machinery divisions mayprepare a dissertation of approximately10,000 words on a topic appropriate totheir area of professional work; this alter­native is also available for studentsresident outside the United Kingdom.

xxxix

CPDRules

Rules relating to the scheme of continuing professional development as approved byCouncil, at a meeting held on 16th September, 1986 and pursuant to authority of themembership in general meeting on 22nd October, 1986.

Rules relating to the Scheme of Continuing Professional Development.

Rule 1 These Rules shall be identified as the "Rules relating to the Scheme ofContinuing Professional Development".

Rule 2 Corporate members of ISVA shall undertake in each year such period ofContinuing Professional Development hereinafter referred to as the "pre­scribed period" as may be approved by Council with effect from the com­mencement date.

Rule 3 The prescribed period shall be satisfied as to at least 75% thereof by attendanceat relevant courses approved for such purposes hereinafter referred to as"approved courses" and as to not more than 25% thereof by private studybeing study other than at approved courses and including the reading ofrelevant professional and technical material.

Rule 4 A record of attendance at approved courses shall be maintained by themember in such manner as may be prescribed by Council, which record ofattendance shall be duly certified by the organisers thereof for this purpose.

Rule 5 These Rules shall be subject to variation by Council from time to time.

Rule 6 For the purpose of these Rules:'commencement date' shall be 1st October, 1989;'corporate members' shall be Associate members and Fellows of ISVA;'prescribed period' shall be 20 hours per annum or such other period as maybe prescribed by Council from time to time;

'approved courses' shall includeA seminars / conferences arranged by ISVA at national and regional levels

and by related professional and educational institutions and publicbodies

B professional meetings of ISVA'sbranches and of related professional andeducational institutions and public bodies

C courses (full-time, part-time, correspondence)D in-house trainingE researchF other (to include private reading up to a maximum of 25% of the total

CPO commitment).

xl

Rules of Professional Conduct

General101 It is at all times the first duty of a

member to protect and promote thelegitimate and ethical interests of hisclients to the utmost of his ability,consistent with a professionalstandard of behaviour towards theother parties in any transaction

102 A member shall not act for two ormore parties in the same transactionsave with the prior written consentof the parties concerned.

103 A member shall not engage in or beconnected with any occupation orbusiness, or carryon his practiceunder a name or style which wouldin the opinion of the Councildamage or tend to damage his pro­fessional reputation or the reputa­tion of ISVA.

104 A member must ensure that, in thecourse of his professional activities,the interests of a client do notconflict with those(a) of another client, or(b) of himself or any associate of his.Where a conflict arises, or could rea­sonably be foreseen, and themember nevertheless is willing toact, or to continue to act, he shallforthwith disclose the relevant factsin writing to the clients concernedand obtain their written agreementthat he is permitted to acceptinstructions to act, or to continue toact, as the case may be.In this Rule "associate" has themeaning assigned by Section 32 ofthe Estate Agents Act 1979 andincludes a "business associate" anda "relative", as more particularlydefined in Section 31 and in sub­section (3) of Section 32 of the Actrespectively.

105 A member may invite instructionsfor any professional or estate agencywork; in respect of estate agencywork, rules 204, 205 and 206 applyInvitations for instructions otherthan for sales or lettings must be inwritten or printed form and onlywhen this means of communicationis not available mayan approach bemade by telephone.Howsoever instructions (other thanfor sales or lettings) are sought, a

member may not accept themwithout(i) first satisfying himself that noother firm has acted or is acting forthe client in respect of the same workor(ii) where he is not so satisfied,giving a warning to the client (to beconfirmed in writing without delay)that he may incur liability forpayment of two (or more) sets offees, as a consequence of havinginstructed (an)other firm(s), prior tothe approach made by the member.

106 A member shall not without fullwritten disclosure to, and approvalby, his client directly or indirectlyallow or agree to allow any personother than a member of his own pro­fession to participate in his remuner­ation.

107 A member shall not reduce a chargewhich he has already quoted oragreed with a client or a prospectiveclient for a specified professionalservice in order to supplant anotherpractitioner after the latter'sproposed charges have been madeknown to him, save that this restric­tion shall not apply to estate agencywork as defined in the Estate AgentsAct 1979.

108 Members' terms of remuneration(and where applicable details ofpayments not forming part of thatremuneration as referred to inSection 18 of the Estate Agents Act1979) must be confirmed in writingon the acceptance of instructions.Save to the extent that Section 18 ofthe Act has precedence this Ruleshall not apply to a client for whoma member regularly acts.

109 A member engaged in privatepractice shall be subject to the disci­plinary procedures laid down inArticle 24 of the Articles ofAssociation, if he fails to complywi th the provisions of ISVA'sMembers' Accounts Rules.

110 A Corporate Member who fails tocomply with ISVA's Rules relating tothe Scheme of Mandatory Profess­ional Indemnity Insurance, as pre­scribed by the Council from time totime, shall be subject to the discipli-

xli

nary procedures laid down inArticle 24 of the Articles ofAssocia tion.

111 Any Corporate Member who fails tocomply with ISVA's Scheme ofContinuing Professional Develop­ment shall be subject to the discipli­nary procedures laid down inArticle 24 of the Articles ofAssociation.

112 A member must ensure that his pro­fessional conduct and the profes­sional conduct of those under hisdirect control are at all times of ahigh standard. Any failure tomaintain such a standard whichdamages or may tend to damage theprofessional reputation of a memberor of ISVA shall constitute a breachof these Rules.

113 A member of ISVAshall not becomea director of a relevant company at atime when he is insolvent nor shallany such member charge any of hisassets to any such company. Arelevant company for the purpose ofthis Rule is a company incorporatedwith limited liability and whichoffers services commonly performedor provided, whether by statute orotherwise, by valuers, auctioneers,estate agents or surveyors.

114 Every member who undertakes val­uations to which the practice state­ments and guidance notes, as identi­fied in ISVA'sAsset Valuation Rules,apply, shall comply with thoseRules. Any member who fails to doso shall be subject to the disciplinaryprocedures laid down in Article 24of the Articles of Association.

115 Throughout these Rules, wordsimporting the masculine genderonly shall, mutatis mutandis,include the feminine gender.

Auctioneering and EstateAgency201 Without prejudice to Rules 101 and

102, where it is proposed that a clientshall dispose of any interest inproperty to, or acquire any suchinterest from,(a) a member or his nominee, hisfirm, or any relative, friend or asso­ciate of his or(b) any company (not being acompany shares of which are quoted

xlii

on the Stock Exchange nor acompany securities of which may bedealt in under Stock Exchange Rules535.1 or 535.2) or any Trust in eitherof which the member or his firm, orany relative, friend or associate ofhis, or a known nominee of any ofthem, holds any interest, themember concerned must discloseimmediately in writing to his clientall relevant information and simulta­neously recommend him to seekindependent professional advice.

202 A member engaged in the disposalor acquisition of property shall takereasonable steps to ensure that anyparticulars issued or statementsmade by him are accurate, that perti­nent facts are not misrepresentedand that prospective purchasers andlessees are not misled.

203 A member acting on behalf of aclient shall not, when offering aproperty to a prospective purchaseror lessee, stipulate that he shall beretained by the purchaser or lesseein any capacity without his client'sprior written consent.

204 Members seeking information on, orinstructions in, the sale or letting of aproperty must comply withwhichever of the following Rules areapplicable to the particular circum­stance, except that where a propertyis advertised for sale or letting, can­vassing by telephone is permitted,unless the advertisement states thatagents shall not apply.

205 Members who wish to invite instruc­tions to sell or let property on thebasis that they are to be retained bythe person who instructs them maydo so, provided that, save in the caseof answering an advertisement towhich the preceding Rule applies,the invitation is in written or printedform specifying the event giving riseto the payment of commission.

206 Prior to accepting any instructionspursuant to an approach in accor­dance with Rule 204 or Rule 205Members must inquire if anotheragent is retained on sole agencyterms or has sole selling rights.Where an affirmative answer isreceived, the prospective client mustimmediately be informed (suchinformation to be confirmed in

writing without delay) that in theevent of a purchaser (or tenant as thecase may be) being introduced bythe member, a commission maybecome payable additionally to thesole (selling) agent so long as thatother agent's appointment subsists.

207 A member who is retained by aprospective purchaser or lessee toacquire property may approachproperty owners direct, providedthat the initial enquiry is made byletter addressed to the propertyowner concerned stating that themember is acting on behalf of aclient who will be responsible for hisfees and that in the event of theproperty being purchased or leasedby the client no commission or feewill be payable to the member by theowner.

208 A member who wishes to bring tothe notice of a potential purchaser orlessee, by whom he is not retained,property available for purchase orrenting on the basis that, in the eventof a transaction resulting, he shall beremunerated by the purchaser orlessee for his services in effecting theintroduction, shall be permitted todo so, provided that the notice is inwriting. The notice must state that inthe event of the recipient purchasingor leasing the property a fee will bepayable by him to the member on abasis to be agreed prior to thecontract of agency .

Advertising301 For the purpose of these Rules,

advertising shall include printedbrochures or pamphlets and alsoany editorial, documentary, articleor material of any descriptionpublished as a condition or as aresult of any payment made orinducement offered by a member.

302 There are no restrictions on the useof any form of advertising mediasave that advertisements shallcomply with Rules 112, 202 and203 and with the Rules whichfollow. The definition of a membershall be deemed to include hisfirm, except where the firm

neither offers nor provides estateagency, valuation or other profes­sional services to the public.

303 All advertising must(a) be legal, decent, honest andtruthful,(b) avoid exaggeration and flam­boyant language.

304 Advertisements placed on behalfof clients must not containrnaterial relating to the memberwhich is superfluous to thespecific purpose of the ad vertise­ments.

305 Advertisements placed with aview to inviting instructions inrespect of property meetinggeneral specifications (otherwiseknown as "Wanted" advertise­ments) must include a statementtha t commission will be required;any instructions so received andthe basis on which commission isto be charged shall be confirmedin writing without delay.

306 Advertisements of transactions(including prices realised) otherthan sales by public auction maybe published only with the priorpermission of the client by whomthe member has been retained.

307 Where advertising material pub­lished by or with the consent ofthe member contains commercialadvertisement such advertisementshall not include any specific orimplied recommendation by themember of the products orservices of the commercial adver­tiser.

308 Members shall not furnish adver­tisers with the names, addresses,telephone numbers or othermeans of identification of existingor former clients or applicants.

309 A member shall be in breach of theforegoing Rules if he publishes orcauses or permits to be publishedany advertising material whichdamages or which may tend todamage the professional reputa­tion of the member or ISVA.

xliii

Disciplinary ProceedingsRules 19901. Every application to ISVA to deal

with a complaint against a Membershall be in writing and signed by thecomplainant or his or her represen­tative. The status of any representa­tive must be shown.

2. All details of the complaint uponwhich a complainant is seeking torely must be in writing and any sub­sequent amendments or additionsthereto must also be in writing. Acomplainant may be r~quired t?furnish such documentation or addi­tional information as is considerednecessary to clarify or substantiatethe complaint.

3. Where it appears that no prima faciecase has been made out the com­plainant shall be so informed inwriting. If the complainant di~agr~esin writing with such a determinationthe disciplinary procedures set outin paragraphs (B), (C) and (D) ofArticle 24 of the Society's Articles ofAssociation will forthwith beinvoked and the complaint will belisted for hearing by the ProfessionalPractice Committee.

4. Before any complaint is consideredby the Professional Pra~tice Com­mittee, the Member against whomthe complaint is made (or in the caseof a complaint against a memberfirm, the Member or Membersdeemed to be responsible, for thematters giving rise to the complaint),shall be provided with copies of allcorrespondence, including any sup­porting material relative to the c?m­plaint and will be invited to admit ordeny, with or without qualificat~on,

any complaint made ag~Inst

him/her. A copy of any wnttenresponse made by the Member will,unless the Member otherwisedirects, be passed to the complainantand any subsequent correspondencebetween the parties will be similarlycopied and continued unt.il suchtime as it appears that there ISa suf­ficiency of information to lay beforethe Professional Practice Committee.

5. (a) The hearings of the ProfessionalPractice Committee shall be inprivate.(b) The hearings of the DisciplinaryCommittee and Appeal Committee

xliv

6.

7.

8.

9.

10.

(including any Tribunal thereof)shall be in private.Any Member against whom a com­plaint is found J:>roven by. theProfessional Practice Committeeshall be entitled to appeal to theAppeals Committee. Any Memberwhose alleged misconduct is thesubject of a hearing by the Disciplin­ary Committee shall be permitted toattend that hearing in person and tobe represented. Notice of represen~a­tion must be given to the ChiefExecutive at least 7 days prior to thedate of the hearing stating the nameand status of the person who will berepresenting the Member.The Professional Practice Committeemay appoint the Chief Executive, orany Member of ISVA, to pres:nt. th.eformal complaint before the DISCIplI­nary Committee o~ the App~al

Committee and may Instruct a solic­itor or Counsel in support.If the Disciplinary Committee is ofthe opinion that a com~laint h~s

been proven in whole or In part, Itshall make a finding to that effectand in that event may make anyoneor more of the orders against theMember set out in paragraph (H) ofArticleAny Member against whom anorder has been made by theDisciplinary Committee may, within21 days of the date of the s:rviceupon him/her of such order, gIve tothe Chief Executive notice of appealto the Appeal Committee. Any suchnotice shall state the grounds ofappeal and the grounds so statedshall not thereafter be amendedexcept with the leave of the AppealCommittee.(a) If any party fails to appear at anyhearing of the Disciplinary ~om­

mittee or of the Appeal Committee,the Committee concerned or anyTribunal thereof may, upon proof ofservice on such party of the notice ofhearing, proceed to hear and deter­mine the application in his/herabsence.(b) Any party who has failed toappear at the hearing may, within 21days from the date of the serviceupon him/her of such Order, andupon giving notice to every otherparty and to the Chief Execut.ive,apply to the Tribu~al.for a re~e~r~ng.The Tribunal, if satisfied that It ISJust

that the case should be re-heard,may grant the application upon suchterms as to costs or otherwise as itthinks fit. Upon such rehearing, theTribunal may sustain, amend, vary,add to, or reverse their findings, ororder, pronounced upon suchprevious hearing.

11. The Professional Practice Committeemay, in their discretion, either as tothe whole case or as to any particu­lar fact or facts, proceed and actupon evidence given by affidavit orstatutory declaration.

12. Every affidavit or statutory declara­tion upon which a complainant orthe Member concerned proposes torely shall, in respect of any hearingby the Professional PracticeCommittee or Disciplinary Com­mittee, be filed with the ChiefExecutive not less than 14 daysbefore the date of the hearing.

13. The Disciplinary Committee andAppeal Committee, or any Tribunalthereof, may, in their discretion,either as to the whole case or as toany particular fact or facts, proceedand act upon evidence given by affi­davit or statutory declaration.

14. A copy of every affidavit or statu­tory declaration received by theChief Executive in accordance withRule 12 above shall be sent forthwithto the other party.

15. Unless any Tribunal direct other­wise, no complaint or associateddocumentation shall be withdrawnafter it has been sent to the ChiefExecutive.

16. If upon a hearing it appears to theTribunal that the allegations in theaffidavit or statutory declarationrequire to be amended, the Tribunalmay permit such amendment; but ifin its opinion such amendment maytake any party by surprise or preju­dice the conduct of his/her case, theTribunal shall grant an adjournmentof the hearing on such terms as itthinks fit.

17. If at the conclusion of the hearing ofany complaint the Tribunal find anyof the allegations against themember to be proven, then themember shall be so informed. Theattention of the Tribunal and of themember shall then be drawn to anyprevious disciplinary allegations

which have been proven against themember who shall then have theopportunity to speak in mitigation.

18. The Tribunal may on the conclusionof any hearing require the memberto pay such costs as the Tribunalshall think fit in all the circum­stances of the case.

19. Upon the conclusion of the hearingthe Tribunal may announce theirfindings immediately or they mayreserve judgment. In the latterinstance the member may requirethat the Tribunal shall reconvene forthe purpose of announcing theirfindings when the member shallhave the opportunity to address theTribunal in mitigation of any deter­mination made against him/her.

20. A record of the whole or any part ofproceedings may be taken in suchform as the Tribunal may determine.A copy of any record or part, includ­ing a transcript of any notes takenshall be made available to theTribunal, to the Chief Executive and,upon payment of charges therefore,to any person entitled to be heardupon an appeal against any decisionof the Tribunal, but not to any otherperson.

21. Service of any notice or documentshall be effected by Registered Letteror recorded delivery (postal or oth­erwise) addressed to the Member atthe address listed in ISVA's recordsfor the delivery of mail, or if theMember has moved, to the lastknown place of abode.

22. (a) Subject to the provisions of theseRules the Tribunal may regulate itsown procedure.(b) The Tribunal may dispense withany requirements of these Rulesrespecting notices, affidavit docu­ments, service or time in any casewhere it appears to the Tribunal tobe just so to do.

23. In these Rules"Member" means a member ofISVA;"Chief Executive" means the ChiefExecutive of ISVA;"Tribunal" means any Tribunal ofthe Disciplinary Committee or theAppeal Committee and "Disciplin­ary Committee" and "AppealCommittee" include any Tribunal ofeither.

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Rules Relating to theScheme of ProfessionalIndemnity Insurance

Definitions

(a) "Member" means a corporate mem­ber of ISVA.

(b) "Retired Member" means membersso designated under Article 9(£) ofISVA's Articles of Association.

(c) "Council" means the Council of ISVA.(d) "Professional Services" means the

provision of any acts or services,pursuant to statute or otherwise, byvaluers, auctioneers, estate agents orsurveyors.

(e) "Practice" means the provision ofProfessional Services by a member,whether as a sole practitioner, partner,director or other officer of a body cor­porate, other than as a salariedemployee.

(f) "Salaried Employee" means amember who offers no professionalservices other than to or on behalf ofhis employer.

Rules1. With effect from 1st October 1982 and

except as otherwise provided herein,every member in practice shall hold apolicy of Professional IndemnityInsurance on the terms prescribedherein.

2. Rule 1 shall apply except as follows:a) In the case of Retired memberswith effect from October 1st immedi­ately following election to the retiredmembership grade. However, Retiredmembers shall not be in breach of theconditions of membership of thatgrade, but subject always to compli­ance with Rule 5(4).b) In the case of a salaried employee,whether or not the employer is amember, who does not engage inPractice to any extent whatsoever.c) In such other cases as may beapproved by Council.

3. The Council may delegate to theProfessional Practice Committee orsuch other body as may, with theapproval of the Council, be appointedby that Committee, such powers asmay be requisite to give effect to theserules.

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4. a) With effect from 1 January 1994 forthe purpose of Rule 1, the minimumcover for each and every claim shallbe(i) £100,000 for each and every claimwhere the gross income of thepractice, firm or company in the pre­ceding year did not exceed £50,000;or(ii) £250,000 for each and every claimwhere the gross income of thepractice, firm or company in the pre­ceding year did not exceed £100,000;or(iii) £500,000 for each and every claimwhere the gross income for thepractice, firm or company in the pre­ceding year exceeded £100,000.b) With effect from 1st January 1995,alternatively, for the purpose of Rule1, the minimum cover on an aggrega­tion basis with reinstatement shall be£1,000,000 for the practice, firm orcompany that falls within Rule 4.a) (i)or (ii). The reinstatement clause shallensure that the cover reverts to theminimum limit of indemnity in Rule4.a) (i) or (ii) as appropriate.

5. The minimum cover shall include:

(1) (a) Liability to pay damages and/orcompensation for:

Negligence and breach ofprofessional dutyBreach of contract Breach ofwarranty or authorityConversion Dishonesty

by any past, present or future partner,director or employee of the insured.(b) Liability for failure in good faith toaccount for monies held or received inthe course of business.(c) Liability arising on any loss causedby any dishonest or fraudulent act oromission by any past, present orfuture partner, director or employee ofthe insured.(d) Indemnity against liability arisingon activities pursued in the course ofany joint professional appointment orother joint working arrangement.

(2) The policy of indemnity insuranceshall not be prejudiced by any jointcommercial interest as between theinsured and any other body, firm orundertaking.

(3) The policy of indemnity insuranceshall not contain an exclusion of liabil­ity for claims arising on a member'sprevious trading.

(4) From the date upon which the insuredceased to offer professional services,

continuing cover must be retained fora minimum of six years.

(5) The policy of indemnity insuranceshall contain an innocent non-disclo­sure provision.

(6) For those members in the categorycovered by Rule 4 (i) no policy ofindemnity insurance shall provide foran excess greater than that repre­sented by 5% of the sum insured. Forthose members in Bands (ii) and (iii),the uninsured excess shall not exceed3% of the sum insured.

(7) The Council shall have power to des­ignate as "approved schemes"schemes of professional indemnityinsurance and any scheme soapproved shall be deemed to complywith the foregoing requirements.

(8) The Council shall have power to varythese Rules at any time.

(9) The policy of indemnity insuranceshall be underwritten by an insurerapproved by the Council.

(10) The member shall authorise hisinsurer to notify ISVA that he holds acurrent and approved policy ofProfessional Indemnity Insurance.

NOTE:(a) Members are advised that it is for

them to decide individually theamount of insurance cover appropri­ate to their professional activitieshaving regard to the size of theirpractice, their turnover and the natureof the services they provide. It followsthat the minimum covers prescribedmay not necessarily meet thesecriteria.

(b) For their own protection, salariedemployers are advised to ensure thatadequate cover is held by theiremployer.

(c) Members are advised that in sometypes of professional services coverneeds to be retained for up to fifteenyears after ceasing to offer those pro­fessional services.

Members' Accounts Rules1. IntroductionThese Rules are prescribed pursuant toArticle 32 of the Memorandum andArticles of Association of the ISVA. Rule109 of the Rules of Professional Conductoutlines the disciplinary procedure forfailure to comply with the Members'Accounts Rules. The object of the Rules isto facilitate the management of clients'

affairs and of members' accounts proce­dures by ensuring the maintenance ofadequate book-keeping and recordingsystems.

In a partnership or company responsi­bility for the management of accounts,including any errors or misappropriation,is shared by all partners or directorshowever they are described. It is thereforethe responsibility of every partner ordirector to ensure that any breach of theRules of which he is aware is immediatelyrectified.

In these Rules the masculine gendershall also include the feminine.

2. DefinitionsIn these Rules the following definitionswill apply:(a) "Member" means a corporate

member of ISVA in practice in theUnited Kingdom, Isle of Man or theChannel Islands as a sole principal,partner, director or consultant or onewho is held out to the public as suchand includes the practice of themember.

(b) "Held out to the public" means amember who is described on businessstationery or in other representationsto the public.

(c) "Professional Services" means theprovision of any acts or services,pursuant to Statute or otherwise, byvaluers, auctioneers, estate agents orsurveyors.

(d) "Practice" means the provision of pro­fessional services by a member eitheras a sole principal, in partnership orby means of a company incorporatedwith unlimited or limited liability.

(e) "Client" means any person or body onwhose account a member holds orreceives money.

(f) "Clients' money" means money heldor received by a member or hispractice on behalf of a client overwhich he has exclusive control. Thisdoes not include money to which onlythe member or his practice is entitled.

(g) "Bank" means an authorised institu­tion within the meaning of theBanking Act 1987, or a buildingsociety authorised by the BuildingSociety's Commission under section 9of the Building Society's Act 1986 toraise money from its members.

(h) "Client account" means one or moredeposit or current accounts, so desig­nated, opened or maintained by a

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member at a bank in respect ofclients' money.

(i) "Records" means all documentationincluding correspondence and writtenagreements relating to the operationof any system of book-keeping oraccountancy for the handling ofclients money.

(j) "Report" means in the form set out inthe ISVA Accountants' Report andsigned by an Accountant.

(k) IIRICS Report" means anAccountant's report prepared underregulation 11(1)(b) of the Members'Accounts Regulations of the RoyalInstitution of Chartered Surveyors.

(1) IILaw Society Report" means anAccountant's Report prepared underthe Accountant's Report Rules 1991 ofthe Law Society of England andWales.

(m) IIAccountant" means an accountanteligible for appointment as a companyauditor under Sections 25 and 27 ofthe Companies Act 1989.

(n) IIAccounting Period" means a twelvemonth period which must be notifiedto ISVAin writing.

3. Clients' Money3.1 Clients' money shall include the fol­

lowing:(a) Money held for a client to which the

member is not beneficially entitledand over which he has exclusivecontrol.

(b) Money held in respect of propertiesowned jointly by one or morepartners, directors or consultants witha person who is not a co-partner,director or consultant of the practice.The member is a trustee for suchmoney which must be paid into aclient account.

(c) Payment in respect of fees and dis­bursements received before thesehave been incurred by the practice, orpassed on to a third party.

(d) Service charge contributions paid tomanaging agents of properties whichmust be held on trust and in aseparate account designated as a trustaccount.

3.2 Clients' money does not include thefollowing: -

(a) Money received in respect of proper­ties owned by one or more directors orpartners of the practice.

(b) Money held in an account jointly witha third party who is not a client and

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over which the member does not havesole power of withdrawal. A separaterecord should be maintained inrespect of such money although this isnot clients' money as it is not in thesole control of either party.

3.3 Interest on clients' money(a) The law on accountability for interest

earned on contract and pre-contractdeposits is prescribed by the EstateAgents Act 1979and the Estate AgentsAccounts Regulations 1981.

(b) If a member places clients' money ondeposit, the account must be organ­ised in such a way that he mayaccount separately to each client forthe amount of interest individuallydue to him.

(c) A member may enter into a writtenagreement with the client whichallows him to retain interest earned onmoney held on a client's behalf. Suchwritten agreements shall constitutepart of the records.

(d) Interest earned on service charge con­tributions must be credited to the trustfund in accordance with Section 42 ofthe Landlord & Tenant Act 1987.

4. Client Accounts4.1 Members who hold or receive clients'

money shall open and maintain one ormore current or deposit clientaccounts.

4.2 A member shall give written notice tothe bank at which the client account isheld:

(a) Confirming the money held in thataccount is held by the practice asclients money and that the bank isnot entitled to combine the accountwith any other account or to exerciseany right to set off or counterclaimagainst any money in that account inrespect of any sum owed to it on anyother account of the practice.

(b) Requiring the bank to acknowledge inwriting that it accepts the terms of thenotice.

4.3 Members who are required to open astatutory client account in respect ofcontract and pre-contract depositsmust comply with the Estate Agents(Accounts) Regulations 1981 madeunder the Estate Agents Act 1979 andany subsequent amendments.

4.4 Operation of client accounts(a) A member may not treat himself as a

client and conduct personal or officetransactions through a client account.

(b) A member must keep an appropriateledger account for each client.

(c) Such ledger accounts must show sep­arately from other information partic­ulars of all clients money received,held or paid on account of each client.

(d) Transactions relating to client'smoney and other money dealt withthrough the client account must berecorded in the member's books so asto distinguish such transactions relat­ing to any other money received, heldor paid to the member.

(e) Money held on behalf of a client maynot be used for the benefit of anotherclient.

(f) A member may not operate a clientaccount in overdraft.

4.5 Payment of Money Into a ClientAccountMembers shall pay all clients' moneyinto a client account without delay.Payment of money other than clients'money into a client account isrestricted to the following:

(a) The minimum sum required to openor maintain the client account.

(b) The amount required to restore inwhole or part any money paid out incontravention of these Rules.

(c) Payment made up of clients' moneyand other money which must be paidinto a client account or accounts priorto payment of the other money intothe accounts to which they belong.

4.6 Money that may be withheld from aClient Account

(a) A member is not required to pay intoa client account money held orreceived by him in the form of acheque or draft if it is endorsed in theordinary course of business to a clientor his authorised representative. Thetransaction must be recorded fully inthe member's accounts.

(b) Where it is required to be paid in inaccordance with Rule 5 for auctionsales.

4.7 Payment from a Client AccountMembers may draw the followingpayments from the client account:

(a) Money paid in to open or maintain theaccount in accordance with Rule 4.4(a) where it is no longer required.

(b) Money paid into the account in accor-

dance with Rule 4.4 (a) which does notbelong to the client for payment to theperson entitled to it.

(c) Money paid into the account in con­travention of these Rules for anyreason.

(d) Money payable to, or on behalf of theclient.

(e) Reimbursement of money expendedby the member on behalf of the client.

(f) Money in respect of a member's feeand/or disbursement provided that:

(i) This has been expressly authorised inwriting by the client beforehand.

(ii) The client or his authorised represen­tative has received an intimation ofthe cost incurred to which the moneybeing withdrawn will be applied.

(g) Money transferred to another clientaccount maintained by the member.

(h) Payment drawn from a client accountshall be made by:(i) a cheque drawn in favour of themember or his practice;(ii) a transfer to an account held in thename of the member which is not aclient account;(iii) cash, cheque or order in respect ofpayment to or on behalf of a client.

4.8 A member may not withdraw moneyfor or on behalf of a client from aclient account which exceeds the totalamount of funds held on behalf of thatclient.

5. Special Rule for ChattelAuction Sales

5.1 Members may maintain a separatecomprehensive auction account (oraccounts) for monies paid out orreceived in respect of auction sales ofchattels. Such accounts must beappropriately identified and includethe words auction account in the title.

5.2 These accounts may include moneybelonging to the member or hispractice in the form of working capitalassigned to the auction business tocover credits to buyers at auction.

5.3 The comprehensive auction account(or accounts) referred to above are forchattel auction business only andmust be kept separate from the bankaccounts of the practice for theremainder of its business and its clientaccounts in respect of such business.

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5.4 Special rule for live and deadstockauction sales

5.5 Auction accounts operated exclu­sively for purposes connected with alivestock auction market or other liveor dead stock sale will be exempt fromthe requirement of Rule 4.4 (f).

5.6 This exemption will be subject to theprominent display of the followingnotice in the livestock market or othersaleroom:

This market is not required to complywith the requirements of 4.4 (f) of themembers' accounts rules of ISVA. Thisnotice is published in accordance withthe requirements of ISVA from whom anexplanation can be obtained by writingto the Professional Services Department,3 Cadogan Gate, London SW1X OAS.

6. Records6.1 Members must keep records suffi­

cient to show compliance with theseRules relating to:

(a) All dealings with clients' moneyreceived, held or paid out.

(b) Any other money dealt with throughthe client account.

6.2 Records and accounts must includethe title of the client account intowhich money is paid, the date ofpayment, and the identity of the insti­tution at which the account is held.

6.3 Members must ensure that adequaterecords are maintained of all transac­tions relating to clients' money so thatup-to-date details are available at alltimes, clearly showing the moneyreceived and handled on each client'sbehalf.

6.4 The balance of the client's cash bookmust be agreed with the clientaccount bank statements at least onceevery three months.

6.5 The records kept for the purpose ofcomplying with these Rules shall beretained for six years after the end ofthe accounting period to which theyrelate.

6.6 Where a computerised book-keepingsystem is in operation, this must becapable of producing printed informa­tion as required.

7. Accountants' Report7.1 Once every twelve months members

are required to submit a Report attest­ing to the handling of clients' moneyduring each accounting period of themember.

7.2 The Report must be submitted nolater than six months following theaccounting period to which it relates.

7.3 A member must provide the accoun­tant with particulars of all accountskept, maintained or operated by himin connection with his practice at anytime during the accounting period towhich the report relates.

7.4 Where no clients' money is held theISVA Report must be completed byan accountant to this effect.

7.5 A member who is a sole principal,partner, director or consultant formore than one practice shall provide aseparate Report for each business inwhich he has an interest.

7.6 Only one Report need be submitted inrespect of a practice which has morethan one member. The names of allmembers to whom the Report relatesshould be listed under the thirdschedule of the Report.

7.7 (a) An RICS Report or a Law SocietyReport may be submitted in substitu­tion for a Report submitted underthese rules.(b) An RICS Report or a Law SocietyReport submitted in respect of apractice of which a member of ISVAisa member as defined in these rulesmust identify such members individ­ually in the appendix to the Report orin a covering letter.

7.8 RequirementsFor the purpose of making his report,the accountant shall:

(a) ascertain from the member on whomhe is reporting particulars of allaccounts, kept, maintained oroperated by him in connection withhis practice at any time during theaccounting period to which theReport relates.

(b) examine the accounts and records ofthe member to enable him to verifycompliance with the Rules and that:

(i) an appropriate ledger account iskept for each client;(ii) such ledger accounts show sepa­rately from other information particu­lars of all clients' money received,held or paid on account of each client;(iii) transactions relating to clients'money and other money dealt withthrough a client account are recordedin the member's books so as to distin­guish such transactions from transac­tions relating to any other moneyreceived, held or paid by the member;

(c) make test checks of posting to clients'ledger accounts from records ofreceipts and payments of clients'money and make test checks of thecasts of such accounts and records;

(d) compare a sample of lodgements intoand payments from the client accountshown in bank statements with themember's records of receipts andpayments of clients' money;

(e) enquire into and test check the systemof recording fees and/ or disburse­ments from the client account;

(f) make a test examination of such docu­ments as he shall request the memberto produce to him with the object ofascertaining and confirming:(i) that the financial transactions(including those giving rise to trans­fers from one ledger account toanother), evidenced by such docu­ments, are in accordance with theRules; and(ii) that the entries in the clients'ledger accounts reflect those transac­tions in a manner complying with theMembers' Accounts Rules;

(g) Extract (or check extractions of)balances on the clients' ledgeraccounts during the accountingperiod under review at not fewer thantwo dates selected by the accountant(one of which may be the last day ofthe accounting period) and at eachsuch date:(i) compare the total as shown by suchledger accounts of the liabilities to theclients with the cash book balance onthe client account; and(ii) reconcile that cash book balancewith the client account balance asconfirmed in the form of statementsby the bank.

(h) satisfy himself that reconciliationstatements have been kept in accor­dance with these Rules;

(i) make such test examinations as theaccountant may think requisite of theclients' ledger accounts in order to

ascertain whether payments from theclient account have been made on anyindividual account in excess of moneyheld on behalf of that client;

(j) make such test examinations as theaccountant may think requisite ofsuch office ledger and cash accountsand bank statements as the membermaintains with a view to ascertainingwhether any clients' money has notbeen paid into a client account;

(k) satisfy himself that members properlyinstruct their staff as to the require­ments of the Rules;

(1) ask for such information and explana­tions as he may consider necessary.

7.9 Contents of Reports(a) The accountant reporting under these

Rules shall state whether in hisopinion the Rules have been compliedwith or substantially complied with.

(b) The accountant may report that therequirements have been substantiallycomplied with if, in his opinion, theyhave been complied with except forcertain trivial breaches due to clericalerrors or mistakes in bookkeeping, allof which were rectified on discoveryand none of which, in his opinion,resulted in any loss to any personentitled to clients' money.

(c) If the accountant reports that in hisopinion the Rules have not beencomplied with, or substantiallycomplied with, he shall specify thebreaches.

(d) If the accountant is unable to form anopinion as to whether or not the Ruleshave been complied with or substan­tially complied with he shall specify inhis report the matters in respect ofwhich he has been unable to satisfyhimself and the reasons.

7.10Limits to Enquiry by AccountantNothing in Rule 7.6 above shallrequire the accountant:

(a) to extend his enquiries beyond theinformation contained in the relevantdocuments produced to him, supple­mented by such information andexplanations as he may obtain fromthe member; or

(b) to enquire into the stocks, shares,other securities or documents of titleheld by the member on behalf of hisclients;

(c) to consider whether the accounts orrecords have been properly kept inaccordance with these Rules at anytime other than the time at which his

li

examination of those accounts andrecords takes place.

8. Spot Checks8.1 ISVA reserves the right to require any

member to submit a Report togetherwith authenticated details of accountsat any time to ISVAHeadquarters. Therequirement for this submission maybe issued with or without notice.

8.2 The Report must be completed by anaccountant who may either be themember's accountant or an accoun­tant appointed by the society. In eitherevent, the ISVA may require the costof his submission is to be borne by themember.

8.3 The member must allow facilities foraccess as required by the accountantappointed to prepare the Report andprovide any information required inthis respect.

9. Clients' Money GenerallyThe law on accountability for the interestearned (or which could be earned) oncontract and pre-contract deposits is pre­scribed by the Estate Agents (Accounts)Regulations 1981, but interest earned onclients' money other than such deposits isoutside the scope of the Regulations.

It is necessary to look for guidance insuch instances to the House of Lords inBrown v The Commissioners of InlandRevenue (1965) AC 244 wherein it wasdecided that any interest accruing on prin­cipals' money held by an agent in thatcapacity belongs not to the agent but tothe various principals, however inconve­nient it may be to calculate the amountdue to each of them.

The effect of the decision in relation tosmall amounts held for short periods hassince been modified for solicitors underthe Solicitors' Accounts (Deposit Interest)Rules 1975 but other professional peopleincluding surveyors, auctioneers andestate agents, remain fully governed by

Iii

the doctrine in Brown's case as regardsinterest on principals' money (other thancontract and pre-contract deposits) held inthe capacity of agent.

It follows that if a member places ondeposit clients' money held by him in thecapacity of agent (e.g. receipts frominvestment property held by a managingagent) the deposit account, quite apartfrom the general rule about the separatebanking of clients' monies, needs to be soorganised at the bank that the member isin a position to account separately to theclients for the amount of interest individu­ally due to them.

There is no objection to membersentering into written agreements the effectof which is to permit the agent to retaininterest earned on monies held to theorder of those who are entitled to it. Suchagreements must be in writing where theyrelate to interest earned on contract andpre-contract deposits. However, no suchagreement is necessary where the amountof the deposit held does not exceed £500or the interest earned, or which couldhave been earned, is less than £10.

Contract and Pre-Contract DepositsWhen a contract comes into existence itwill name the person by whom anydeposit is to be held and state the capacityof that person, usually as a stakeholder.Where, prior to contract stage, an agentaccepts a deposit, he cannot do so in thecapacity of stakeholder because there is nocontract in existence specifying the eventupon which the stake money is to be paidout, or to whom.

Pre-contract deposits should thereforenormally be accepted and held to theorder of the person paying or entitled tothe deposit who will usually, but not nec­essarily, be one and the same. A membershould accept a pre-contract deposit asagent for the vendor only with the author­ity of the vendor and/or the depositor.

It is essential that a receipt be given fora pre-contract deposit stating that it is heldto the order of the depositor, or as agentfor the vendor, as the case may be.

Annual Membership Subscriptions 1994/95

Corporate Members

A. All Fellows, on 1 October 1994, practising in the UK and/orEC countries.

B. All Fellows on 1 October 1994 practising in the UK and/orEC countries, who are corporate members of the RICS at that date.

C. Associates, having qualified as Corporate members for threeyears or more on 1 October 1994 practising in the UK and / orEC countries.

D. Associates, having qualified as Corporate members for lessthan three years on 1 October 1994 practising in the UK and / orEC countries.

E. Associates on 1 October 1994 practising in the UK and/orEC countries who are corporate members of the RICS at that date.

F. All Fellows practising overseas (excluding EC countries).

G. All Associates practising overseas (excluding EC countries).

Other Members

H. Graduate Valuers (ISVA)

I. Students who have been student members for six years or moreon 1 October 1994.

J. Students who have been student members for less than six yearson 1 October 1994.

K. Retired members under 75 years of age on 1 October 1994.

L. Retired members aged 75 years and over on 1 October 1994.

£

285

175

255

195

130

130

115

25

50

10

35

o

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