14 Mar

How the property valuations process is done by valuers?

Whichever approach was taken, a licensing body could not afford to launch an in-depth investigation into every applicant for a licence, as the cost of doing so would be enormous.It is likely that they would focus their efforts on managers who seemed to be generating a disproportionate number of complaints.They might also focus on managers of particularly vulnerable groups, such as managers of leasehold schemes for the elderly.

Moreover, even a licensing body that took on a significant investigative role would still face limitations.For example, proving fraud is notoriously difficult, unless the person committing the fraud makes a serious mistake.Therefore, Hire property valuation company Melbourne a licensing body would face considerable difficulty in rooting out such rogues, no matter how well resourced that body might be.

With limited resources, the licensing body would have to decide on where its priorities should lie.It would be primarily concerned with major problems and persistent failures, it could not tackle every failing.Finally, a licensing body could well find its effectiveness hampered by long, drawn out appeals against its decisions.

This could happen either because it had refused to grant a licence, or where it decided that a licence should be withdrawn.Larger managers would have a very strong incentive to fight such a decision, and the resources to take a dispute to A Licensing Scheme 25 the highest level.It should be able to keep those who are caught engaging in unacceptable management practices, or who are guilty of serious failures, from re-entering the leasehold management sector.

If it was well resourced, it could help prevent poor managers from entering the leasehold sector in the first place and provide a way of dealing with the “rotten apples” who made it through the application process.However, a licensing scheme could not achieve perfection and there could be serious practical difficulties if a large manager had to be replaced at short notice.Moreover, it would be the most expensive option – particularly if the scheme were a thorough one – and could have some very unfortunate side effects.