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Code of Ethics Release No. 1.0 Print E-mail

1/ Honesty, Transparency and integrity

Members will:
a) Observe the highest standards of honesty, fairness and integrity in all business relations with members of the public, Government bodies and other trade individuals and businesses.

b) Conduct their business in such a manner as to not bring disrepute to the profession and ensure that they do not act in a manner likely to diminish public confidence in the profession.

c) Never disclose personal information unless the client authorises disclosure or they are compelled to do so by law.

d) Decline valuations where it could be suggested they have a conflict of interest that could affect their judgement or values. Alternatively they must disclose the nature and extent of the conflict in full to the client and in a prominent manner in the Valuation Report.

e) Not charge fees for their services using a method that is linked to the value placed on the subject of the report when dealing directly with members of the public. The method of charging must be disclosed to the client prior to the commencement of the assignment.

f) Clearly state their independence from an intermediary when they are not directly dealing with the end client. For example an Independent Appraiser may be given an assignment through a retailer.

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