Business Practices and Ethics

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
Sponsor Date Location Delivery Format Check
State Approvals
 
Appraisal Institute On Demand Online  Check Register
Appraisal Institute October 3, 2022 Synchronous  Check Register
South Florida Chapter October 13, 2022 Synchronous  Check Register
Northeast Florida Chapter October 13, 2022 Synchronous  Check Register
Florida Gulf Coast Chapter October 13, 2022 Synchronous  Check Register
East Florida Chapter October 13, 2022 Synchronous  Check Register
North Carolina Chapter October 21, 2022 Synchronous  Check Register
Southern California Chapter October 27, 2022 Costa Mesa, CA Classroom  Check Register
Long Island Chapter November 4, 2022 Carle Place, NY Classroom  Check Register
Chicago Chapter November 18, 2022 Chicago, IL Classroom  Check Register
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Program State Approval & Hours

Some AI educational programs may not be approved in every state and every delivery format. To see a list of all state approvals across all formats for this course, please use the link below.

View all approvals for this course

Who should Enroll

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

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

Exam

No Exam

Level

Intermediate

Appraisal Institute CE Points

Attend: 30 AI Points

Class Time

6 Hours

Assignments

Classroom & Synchronous
No

Online
Yes. 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.

Program Overview


Required and/or Recommended Equipment

None

System Requirements

Classroom & Synchronous
None specified

Online

Synchronous

Additional Information

Classroom & Synchronous

Course Materials Include:

  • Course Handbook (237 pp.)
  • AI Professional Practices Booklet Supplement (152 pp.)

Note. The AQB approved this course for 6 hours of CE. Check with your state for approved credit hours.


Online
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.

Online Course Access
Go to www.appraisalinstitute.org and log in with the username and password you used when you registered. Click on the red “My Account” button if you are not automatically taken to your account page.
1. Click "Education and Events" on the right navigation menu.
2. Find the course under the “Online Courses” heading and click the “Begin” button.
IMPORTANT NOTE: Once this button is clicked, your access length time (e.g. 90 days) will begin. Only click when you intend to start the course. If you are returning, once you have started the course, click the “Continue” button to continue.

Other Details
For information about how on demand online education programs work, registration and cancellation policies, and other details, see our On Demand Online Education Frequently Asked Questions.



Synchronous

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