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Code of Ethics Release No. 1.0 Print E-mail

2/ Diligence

Members will:

a) Always aim for the most objective and accurate valuation possible.

b) Provide clients with sufficient information to understand the contents of the Valuation Report, and as far as possible, any limitations that may apply.

c) Ensure each report contains a true appraisal of the item described and clearly fulfils the purpose stated for the valuation.

d) Each item will be thoroughly tested to reach a positive conclusion. Where a positive conclusion cannot be reasonably reached any assumptions will be fully disclosed.

e) Render services only with respect to those items for which the appraiser is qualified by training and experience, or for which the appraiser has secured the assistance and advice of a suitably qualified person. 

f) Store the client’s records for a minimum of five years, either digitally or physically.

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