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Business Practices and Ethics

    Online Education
Category  Standards [SPP]  
Level  II  
Attendance Hours  7.0  
Current Price  $ 159.00  
Bruce M. Closser, MAI, SRA  
Appraisal Institute - Online Education
Click Here to check state approvals
  Sponsor / Contact  
  Appraisal Institute  
Phone  (877) 674-2447  

NOTE: Due to some content specific to the Appraisal Institute, the AQB has approved this course for 5 hours of CE. Appraisal Institute Candidates for Designation and Designated Members will receive 35 points of AI credit.


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 assignments 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 begins with a discussion of professional practice requirements and an overview of the Code of Professional Ethics of the Appraisal Institute. Assignments 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. Assignments on these topics allow ample opportunity for participants to explore the issues


Introduction and Overview
Module 1: Professional Practice Overview
Module 2: Use of Appraisal Institute Logo, Membership Designations, and Emblems: Regulation No. 5
Module 3: Code of Professional Ethics of the Appraisal Institute
Module 4: Peer Review: Regulation No. 6
Module 5: Common Errors and Issues

Please Note: This course features several required short answer assignments pertaining to ethics in appraising. These responses are reviewed by the instructor. Unsatisfactory responses will require revision and re-submission to receive program credit. Please plan enough time to prepare thoughtful responses to the assignments.

Learning Objectives:

    • Identify the purpose of the Appraisal Institute’s Code of Professional Ethics and Standards of Professional Appraisal Practice and understand how they apply to Appraisal Institute Affiliates, Practicing Affiliates, Candidates for Designation and Designated Members.
    • Recognize how to apply better appraisal business practices, especially with regard to client relationships.
    • Identify the major steps in the enforcement of the Appraisal Institute’s peer review system.
    • Recognize the guidance offered by the Appraisal Institute’s Guide Notes to the Standards of Professional Appraisal Practice.
    • Identify opportunities for improving professionalism.
    • Recognize common ethical dilemmas and identify strategies for resolving them.

AI CE Credit for Designated members and Practicing Affiliates
• Attend Only = 35 points

Please note: Promotional pricing for Business Practices and Ethics is no longer in effect.

Cancellation Policy
If you are unable to complete an online program once it begins, you may cancel out of the program within 30 days after the official end date. Absolutely no cancellations will be processed after 30 days of the official end date. Once you cancel out of a program, you must start the program over at the beginning in any later enrollments. You cannot be placed into the program where you left off before canceling.

The following refund policy is in effect for canceled online programs based on the amount of material completed in a program:

 Less than 25% of the program completed: $60 cancellation fee

 More than 25% of the program completed: no refund

I agree to the terms and policies set forth under the Appraisal Institute Online Education Policy. I also certify that I am the person identified above under Personal Data and that I will personally complete each assigned module of instruction and any examination(s). I understand and agree that if I misrepresent my identity or arrange for someone else to represent himself or herself as me at any time during the Appraisal Institute online course or seminar, I will be immediately removed from the course or seminar and I will not be entitled to any refund. I further understand that if I am a member of the Appraisal Institute and participated in any misrepresentation of identity, by affirmative act or failure to act, that I will be the subject of a peer review proceeding under Regulation No. 6 for violation of the Appraisal Institute's Code of Professional Ethics and Standard of Professional Appraisal Practice, and that such peer review proceeding may result in termination of my Appraisal Institute membership.
  Additional Information  
Please allow 1 hour after registration to start an online session in progress (on or after the session start date). Go to and log in with the username and password you used when you registered. You will automatically be taken to the "My Appraisal Institute" page. Near the middle of that page your course will be listed with a link next to it that says "Go To Class".

If you have any questions, please email us at

  Online Education Homepage  



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