The Irish Auctioneers & Valuers Institute (IAVI) represents c. 1,800 fully qualified auctioneers, estate agents, valuers and property professionals throughout Ireland and abroad. The Institute was founded in 1922 and was instrumental in the enactment of the primary act governing the profession, the Auctioneers & House Agents Act 1947.

Education
The current entry programme for IAVI membership is an Honours Bachelor of Science degree in Property Studies from DIT that is fully accredited by the RICS/SCS. The Institute also recognises full-time degree courses at DIT, LIT, GMIT and UUJ. A higher Certificate in Property Studies is now delivered over a 2-year period and qualifies graduates academically for Associate Membership. For more information on IAVI education please click here

As part of their commitment to life-long learning, IAVI members must complete 60 hours Continuing Professional Development (CPD) in any given 3-year period. 40 individuals lost their membership in 2008 for failing to evidence compliance.

The IAVI has a comprehensive set of Rules of Conduct and Complaints Regulations with independent outside nominees on its Disciplinary Committee and Appeal Boards

IAVI National Council
The newly elected National Council represents IAVI members in the following sectors:
-Residential Property
-Commercial Property
-Professional Services
-Agriculture
-Northern Ireland

Voluntary Compensation Fund
In 1977 the IAVI established a Voluntary Compensation Fund which offers extra protection to the public in relation to paying deposits for real property (land and/or buildings) in Ireland to IAVI Member Firms. IAVI Member Firm Status is generally given to practices where at least 51% of beneficial ownership is held by individual IAVI Members or Associate Members. Other criteria include the provision of a current Auctioneers licence for the firm to the IAVI annually and having Professional Indemnity insurance cover in place. Current IAVI Member firms are entitled to display the IAVI Member Firm 2009 logo on their premises, promotional material and website. The IAVI Compensation Fund cover does not in any event extend to any non-deposit sums nor to deposits paid to any individual or firm other than those with current IAVI Member Firm status.

The IAVI is a member of the following International Real Estate bodies:

ICREA - The International Consortium of Real Estate Associations
EPAG - The European Property Agents Group, and through it CEPI
IVSC - The International Valuation Standards Committee
TEGoVA - The European Group of Valuers Associations

If you would like further information in relation to the IAVI please feel free to Contact us