Business Practices and Ethics

 The content emphasizes:

• Business practices issues, such as how to respond to seemingly unreasonable requests, how to address client pressure, and how to approach a complex assignment
• Which standards apply to Appraisal Institute Designated Members, Candidates for Designation, Practicing Affiliates, and Affiliates, and when they apply
• The key principles of the Standards of Valuation Practice
• How to identify and avoid behavior that violates the Standards of Valuation Practice
• The correct way to use the Appraisal Institute designations, emblems, and logo
• Understanding of the Appraisal Institute enforcement process

• Designated members
• Candidates for Designation
• Practicing Affiliates and those interested in readmitting to the Appraisal Institute

• Identify the purpose of the Code of Professional Ethics and Standards of Professional Appraisal Practice of the Appraisal Institute and recognize how those documents apply to Appraisal Institute Affiliates, Practicing Affiliates, Candidates for Designation, and Designated members.
• Recognize how to apply better appraisal business practices, especially regarding client relationships.
• Identify the major steps in the enforcement of the Appraisal Institute peer review system.
• Recognize the guidance offered by the Guide Notes to the Standards of Professional Appraisal Practice of the Appraisal Institute.
• Identify opportunities for improving professionalism.
• Recognize common ethical dilemmas and identify strategies for resolving them.

• Residential Property Appraisal
  
• The Appraisal of Real Estate, 15th ed.     
• The Dictionary of Real Estate Appraisal, 7th ed.