Overview:
Business Practices and Ethics is a significant course in the Appraisal Institute’s curriculum. Appraisers who belong to the Appraisal Institute must adhere to the Code of Professional Ethics and Standards of Professional Appraisal Practice of the Appraisal Institute, including various regulations, in an increasingly complex business environment.
This course is designed to familiarize participants with the obligations of a professional appraiser and the obligations and benefits of belonging to the Appraisal Institute. Interactive discussion questions and examples give participants the opportunity to review ethical rules and professional standards. The course also provides a venue for participants to share ideas about best business practices in light of the ethical requirements placed upon them as professionals and the ever-changing nature of the real property valuation business.
The course includes a discussion of professional practice requirements and an overview of the Code of Professional Ethics of the Appraisal Institute. Discussion questions build on the principles explored in previous parts and in that manner illustrate how those principles are codified in the Appraisal Institute’s standards and ethics documents. In addition, an overview of the organization’s peer review process is provided along with a list of frequently asked questions and answers. The course concludes with a discussion of business practices and information about common reporting and methodology errors.
Syllabus:
Module 1: Professional Practice Requirements
Module 2: Code of Professional Ethics of the Appraisal Institute
Module 3: Use of Appraisal Institute Logo, Membership Designations, and Emblems: Regulation No. 5
Module 4: Enforcement: Regulation No. 6
Module 5: Business Practice
Module 6: Common Errors and Issues
Learning Objectives:
- Identify which professional standards and ethics requirements apply to Appraisal Institute Affiliates, Practicing Affiliates, Candidates for Designation and Designated Members and when they apply.
- Recognize what constitutes the Standards of Professional Appraisal Practice of the Appraisal Institute (SPP).
- Identify the objectives of the Appraisal Institute’s enforcement process.
- Recognize business practices that are not acceptable in a customer service industry such as appraisal practice.
- Identify the most commonly noted reporting errors.
- 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 Candidates for Designation and Designated Members will receive 7 hours of A.I. credit.
AI CE Credit for Designated members, Candidates for Designation and Practicing Affiliates
This program is approved for 1 hour of Appraisal Institute CE credit for every hour taken.
Please note: Promotional pricing for Business Practices and Ethics is no longer in effect.
