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Stock Number:
SCPESPPAIB
Code of Professional Ethics & Standards of Professional Appraisal Practice of the Appraisal Institute
Real estate is one of the basic sources of wealth in the global economy. Therefore, homeowners, business entities, governments, individuals, and others who own, manage, sell, purchase, invest in, or lend money on the security of real estate must have ready access to unbiased opinions of value, as well as sound information, analyses, and advice on a wide range of issues concerning real estate and related properties such as machinery and equipment, businesses, and personal property. By providing such services, appraisers can play a vital role in the well-being of our society and the global economy, and help engender economic growth, stability, and public confidence. Because of this vital role and the commitment of Appraisal Institute Members to professionalism, the Appraisal Institute has adopted its Code of Professional Ethics & Standards of Professional Appraisal Practice to establish requirements for ethical and competent practice. These requirements also serve to promote and maintain a high level of public trust and confidence in Appraisal Institute Members.
The Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and
conducts its activities in accordance with federal, state and local laws.
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