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Business Practices and Ethics

Some AI educational programs may not be approved in every state.

Students should check state approvals prior to registering for any Appraisal Institute program.

To register for this program, go to the bottom of the page.



Who should enroll
  • Designated members
  • Candidates for Designation
  • Affiliates and those interested in readmitting to the Appraisal Institute
Description Business Practices and Ethics is an important course that provides information about standards and ethics requirements for valuers in general and, more specifically, for valuers who belong to the Appraisal Institute. Through discussion questions and examples, the class compares behavior and actions that illustrate violations of the Code of Professional Ethics, and participants learn how referrals can be made. Participants are also introduced to the Appraisal Institute Guide Notes to the Standards of Professional Practice and use these Guide Notes to resolve everyday appraisal practice problems. At the end of the course, they learn about common errors in appraisal reports and review reports, and they respond to questions about challenges that arise in appraisal practice such as requests for updates and requests to change or add intended users. These are common business practice issues that appraisers encounter in various assignments, including mortgage lending, litigation, and property tax appeal. Other real-life scenarios in the course illustrate less common business practice issues such as an appraiser’s obligation when illegal or criminal behavior is observed.

 

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
Objectives
  • 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.
Prerequisites None
Classroom Online Synchronous


Refer to this page for details of state approval hours for this course.

  • Attended Only:

    30

  • Attended Only:

    30

  • Attended Only:

    30

  • Attend and Pass Exam:

    30

  • Attend and Pass Exam:

    30

  • Attend and Pass Exam:

    30
6 hrs.Class/5 Online
90
Not for Classroom. ONLINE ONLY. Participants must complete mandatory assignments in this program. Please plan your time accordingly and allow up to 5 days for the instructor to review your assignments. The instructor may ask for a re-submission of incomplete assignments. You may advance through the program while you are waiting for your instructor to review your work. You may also contact the instructor to request expedited review.

 
No
N/A
Intermediate
None None None
None specified Online Education FAQ Synchronous Requirements
Note. The AQB approved this course for 6 hours of CE. Check with your state for approved credit hours. Note. The AQB has approved this online program for 6 hours of CE credit. Check with your state for approved credit hours. Appraisal Institute and Designated members and Practicing Affiliates will receive 30 points of AI CE credit.

Program Access:
Allow 1 hour after registration to start an online session in progress (on or after the session start date). Go to www.appraisalinstitute.org and log in with the username and password you used when you registered. You will automatically be taken to the “My Appraisal Institute” page. Near the middle of that page, your course or seminar will be listed with a link next to it that says, "Go To Class."

Disclaimer:
I agree to the terms and policies set forth under the Appraisal Institute Online Education Policy. I also certify that I am the person identified above under Personal Data and that I will personally complete each assigned module of instruction and any examination(s). I understand and agree that if I misrepresent my identity or arrange for someone else to represent himself or herself as me at any time during the Appraisal Institute online course or seminar, I will be immediately removed from the course or seminar and I will not be entitled to any refund. I further understand that if I am a Designated member, Candidate for Designation, Practicing Affiliate, or Affiliate of the Appraisal Institute and participated in any misrepresentation of identity, by affirmative act or failure to act, I will be the subject of a peer review proceeding under Regulation No. 6 for violation of the Code of Professional Ethics and Standards of Professional Practice of the Appraisal Institute, and such peer review proceeding may result in termination of my Appraisal Institute membership, candidacy, and/or affiliation.



Classroom Offerings

Sponsor Date Location Instructor(s)

Synchronous Offerings

No offerings at this time

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