The Professional Membership Obligations (PMOs) set out best practice governing the competency of valuation professionals, through codes and benchmarks for their conduct, capability and competency.
PMOs provide the framework for suitably trained valuation professionals acting in an ethical manner.
PMOs exist and are developed to:
- Protect the public interest by ensuring that professional valuers observe high standards of professional and ethical conduct
- Improve the credibility of the valuation profession and enhance public trust and confidence in the profession
- Increase the supply and demand for qualified professional valuers in sectors or markets where the professional infrastructure is weak or non-existent.
- The suite of PMOs will provide the material to augment both the Competency Framework and the Code of Ethical Principles.