APPRAISERS - APPRAISAL INSTITUTE MEMBERS
The Appraisal Institute has a peer review process through which referrals concerning the association’s members are reviewed. If a member is found to have violated the Appraisal Institute’s Code of Professional Ethics or Standards of Professional Appraisal Practice, the Member will be counseled, admonished, censured, suspended, expelled, or given an educational course, depending on the seriousness of the violation.
Because the Appraisal Institute’s peer review proceedings are confidential, you should not expect to hear about the status or results of your referral, although certain types of disciplinary actions are published.
Because the subject matter of referrals covers such a wide spectrum the Appraisal Institute has no standard referral form. Instead, we request that you provide us with a letter containing the following information, if available, to help us process your referral:
- Name and address of Appraiser
- Name and address of Client
- Location of Property (address, city, state)
- Type of property
- Date of Appraisal Report
- Purpose of Appraisal Report
- If testimony was involved, the jurisdictional court, the case number, and the date(s) of the testimony
- Explanation of the problem.
We also request that you provide us with a copy of the appraisal report and/or any other documentation that will help us review your referral. If a copy of the appraisal report is not available we can request it from the member.
Your referral performs an important service in that through people like yourself, the Appraisal Institute is able to monitor the work of its appraisers and ensure that if their work violates Ethical or Standards rules, the appropriate educational or disciplinary action will be imposed so that the future work of the appraiser will meet the highest ethics and standards in the profession.
Referrals should be sent to the Appraisal Institute, Ethics and Counseling Department, 550 W. Van Buren St., Chicago, IL 60607. Referrals can also be faxed to 312-335-4410. The Appraisal Institute does accept anonymous referrals. If you have any questions please call Brendan Donnelly at 312-335-4409.
For more information, visit the Appraisal Institute’s Ethics and Standards pages.
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