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Case study - Industry membership for Valuers
A number of Valuers have contacted LIXI expressing a keen desire
to join as full members and contribute towards the definition
of current and future versions of the standard. A cited obstacle
in their ability to do so is often the ongoing cost of membership
compared to the size of the company. These interested members,
usually sole operators, have said that they work with a larger
company or a consortium of similar valuers and have asked LIXI
if they can join as a group.
The answer is yes. Mortgage Brokers like Valuers have set a
precedent by joining LIXI through AFG. They have one Full [Ordinary]
Membership and one vote via their nominated representative and
for all intents and purposes act like a large company. When
it comes to volunteering for working groups anyone interested
may join and contribute.
If you are still unsure about all this please contact us via
email and we will answer your specific query. Welcome to LIXI!
The diagram above shows how a hypothetical
company VALGroup, that represents a number of smaller companies
and sole operators, is a LIXI member and interacts with the
various lenders
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