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Business Practices and Ethics

    Date: November 8, 2019   Location: Carle Place, NY
Category  Standards [SPP]  
Level  II  
Attendance Hours  6.0  
Current Price  $ 195.00 AI Price  
$ 215.00 Full Price  
Robert B. Smith, MAI, AI-GRS  
Name  Hilton Homewood Suites  
Rep  Jessica Spindell  
Address  40 Westbury Avenue  
City  Carle Place  
State  NY  
Zip  11514  
Phone  (516) 880-1005  
Click Here to check state approvals
  Sponsor / Contact  
Chapter  Long Island
Contact Name  Francine L. Morgenstern  
Phone  (516) 248-8964  
Fax  (516) 248-0853  

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's designations, emblems, and logo
• Understanding the Appraisal Institute's enforcement process

NOTE: The AQB approved this course for 6 hours of CE. Check with your state for approved credit hours.

Table of Contents and Overview (PDF)
Course Schedule (PDF)

• Designated Members
• Candidates for Designation
• Practicing Affiliates and those interested in readmitting to the Appraisal Institute. Note. This course is required CE for Designated Members and Practicing Affiliates
  For Further Reading  
  Appraising Residential Properties, 4th ed.  
  The Appraisal of Real Estate, 14th ed.  
  The Dictionary of Real Estate Appraisal , 6th ed.  
Cancellation Policy
  • Up To 15 days prior to program start date, refund in full.
  • 7 - 14 days prior to program start date, $50.00 cancellation fee.
  • Less than 7 days prior to program start date, forfeit of payment.
  Transfer Policy
  • Up To 15 days prior to program start date, no transfer fee.
  • 7 - 14 days prior to program start date, $25.00 transfer fee.
  • Less than 7 days prior to program start date, no transfer allowed.
  Program Material Policy

Beginning 4 weeks before the offering start date, program material will be shipped directly to the student. If this material has been shipped and you request a registration cancellation, you will automatically be charged a $25.00 fee and you may keep the material. Once the fee is charged, your refund will be processed. Material returns are no longer accepted. Contact the offering sponsor for more information.
  • Cancel Offering, $25.00 material fee.
ENROLLMENT POLICY: Your online registration, or enrollment form and payment by check must be received by the chapter office at least 10 business days prior to the start of the program. No registrations will be accepted 7 days before the start of the course unless there is a cancellation. We cannot accept walk-in students. Enrollment is limited, register promptly. Note: (1) Full (100%) attendance is required for qualifying or continuing education credit. (2) The Appraisal Institute issues certificates for state certification/licensing or state continuing education credit that verify successful completion and attendance requirements met with your grade notification letter. If Appraisal Institute attendance records indicate less than attendance requirements met, your certificate will reflect this and state agencies may refuse to award credit. (3) If you have a disability and may require some accommodation, please notify us in writing at least two weeks in advance and we will arrange for reasonable accommodation. (4) CONFIRMATION LETTER: If you have enrolled ON-LINE, you automatically receive a confirmation when your credit card is used. For checks, confirmation will be mailed 10 days prior. (5) COURSE MATERIALS: will be shipped directly to you as student approximately 4 weeks prior to class start date; you must bring these to class. (6) If you register late, you will pick up your course materials at sign in for the course. (7) The Local Chapter reserves the right to cancel or reschedule any program if a minimum enrollment is not met, and to change faculty assignments if necessary. (8) If you missed the deadline, you can be put on a waiting list, by e-mailing the chapter office at:

CANCELLATION POLICY: There will be a minimum $25 cancellation fee for administrative costs after registration. No refund for cancellations within 7 business days of class, unless student replacement is found. All cancellations must be received in writing.

Program materials can be downloaded by the student or can be shipped directly to the student. If you choose to have the material shipped and do not receive your materials within 5 days before the offering start date, please call the sponsor to inform them.
  Additional Information  
Who Should Enroll
• Designated Members
• Candidates for Designation
• Practicing Affiliates and those interested in readmitting to the Appraisal Institute.
Note. This course is required CE for AI Designated Members and Practicing Affiliates

Members/Associates/Affiliates . . . . . . . . . . . . . . . . . . . . . . . . . $195.00
Non Members. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $215.00

Required Texts: Student course outlines are included in the tuition and Shipped to students. If students have previously obtained these outlines, the purchase price will not be deducted from the tuition fees.

40 Westbury Avenue, Carle Place, NY 11514

Course Schedule: FRIDAY, NOVEMBER 8, 2019 8:00 a.m. – 3:30 p.m.
: 8:00 am – 8:30 am Continental breakfast included
Instruction: 8:30 am – 3:30 pm

Instructor: ROBERT B. SMITH, MAI

CE: Continuing Education Credit: Full attendance at this course and successful completion of the examination will qualify for 30 Points/6.0 hours of Appraisal Institute CE credit, and 6.00 hours NYS Real Estate Appraiser Continuing Education Credit.

Information: Phone (516) 248-8964 Email:

  New York State  

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