Overview:
Business Practices and Ethics is a significant course in the Appraisal Institute's curriculum. Members of the Appraisal Institute must adhere to its Code of Professional Ethics and the Standards of Professional Appraisal Practice, and must do so in an increasingly complex business environment. This course is designed to familiarize current and potential members with the obligations of a professional appraiser.

This class contains several online examinations (quizzes) throughout that meet the Appraisal Institute's cycle requirements for associate and designated members as specified in Regulations Nos. 1, 2 and 10. All associate members (Residential & General) and Designated Members are required to take Business Practices & Ethics.
Syllabus:
Module 1: Appraisal Practice: A Contemporary View
Module 2: Creating a Mission Statement
Module 3: Assignments
Module 4: Process Improvement
Module 5: Code of Professional Ethics, Certification Standard, and Guide Notes of the Appraisal Institute
Module 6: The Appraisal Institute's Enforcement Process
Module 7: Towards Improved Professionalism
Module 8: Ethical Dilemmas

Learning Objectives:

• Identify the purpose of the Appraisal Institute's Code of Professional Ethics and Standards of Professional Appraisal Practice and understand how they apply to Appraisal Institute members
• Recognize how to apply better appraisal business practices, especially with regard to client relationships
• Identify the major steps in the enforcement of the Appraisal Institute’s peer review system
• Recognize the guidance offered by the Appraisal Institute’s Guide Notes to the Standards of Professional Appraisal Practice
• Identify opportunities for improving professionalism
• Recognize common ethical dilemmas and identify strategies for resolving them

NOTE: Due to some content specific to the Appraisal institute, the AQB has approved this course for 5 hours of CE.  Check with your state for approved credit hours.  Appraisal Institute members will receive 8 hours of A.I. credit.