Business Practices and Ethics
Instructor: Mark Smetlzer V
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
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.
NOTE: The AQB approved this course for 6 hours of CE.
Student materials included for this course will be downloaded (save $15!) or you can pay an additional fee to order them and have them shipped to you when you register.
Full attendance of this course: 6 hrs CE from the Appraisal Institute. 6 hrs CE from Alaska State
100% attendance is required for all Appraisal Institute education programs. This follows Appraiser Qualifications Board minimum criteria requirements. A “classroom hour” is defined as 50 minutes out of each 60 minute segment. A 10-minute break per hour is allowed and a student would still meet the 100% attendance requirement. Students should not be late or leave early; if they are late or leave early, they will not receive credit.
COVID & Virtual Allowances
Your camera/video feed must remain on during the entire class in order to be compliant with 100% attendance. Per the State of Alaska, any LIVE virtual class is being allowed to count as in-person classroom hours for CE until further notice.
If you need to pay by check or are a government employee and will need an invoice or other considerations, contact the chapter office at (907) 748-8848.
$150.00 Appraisal Institute Member
Please click the “Register” button on the top right of this page, when the appraisal page loads, scroll to the bottom and choose Alaska as your state to load the classes.