Business Practices and Ethics
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
Prerequisites
• None.
Check-in will be from 8:00 a.m. to 8:30 a.m. Class will run from 8:30 a.m. to 3:30 p.m. In addition to the well stocked, snack buffet, lunch will be included on site for this seminar and is included in the price of the class. The facility is easily accessible from I-90/39 and there is ample on-site FREE parking. Avoid big city traffic and high parking fees! Modern hotel accommodations are readily available within one mile along Business Route 20.
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