# Valuation Standards & Reporting (IVS, API, RICS, USPAP)

> Component slug: `valuation-standards-reporting`. Researched: `2026-05-18T01:30:00Z`. Sources cited: `7`. Token usage: `35000`.

## 1. Summary (≤3 sentences)

Valuation standards frameworks — led by IVS 2025 (effective 31 January 2025), RICS Red Book Global Standards 2024, and the Australian Property Institute's ANZVGP111 — define the minimum content of a defensible, lender-reliant valuation report, now mandating 18 mandatory elements including explicit basis-of-value declarations, ESG disclosures, and IVS compliance statements [ref: #33][ref: #37][ref: #38]. In the Australian jurisdiction, the API requires all Valuer Members to comply with IVS and implements a layered hierarchy of mortgage valuation products (long-form → PropertyPRO → Restricted Assessment → Desktop), with CPV credentials serving as the professional gateway recognised by all major financial institutions [ref: #34][ref: #39]. USPAP provides the US-market comparator under a two-report-type model (Appraisal Report and Restricted Appraisal Report), while all frameworks converge on the principle that a non-compliant or improperly-scoped report cannot be relied upon by lenders, auditors or courts [ref: #36].