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ARTICLE 5

CODE OF ETHICS

Section 5-1

The Code of Ethics shall be established by the Association and may be altered, modified, amended, or repealed by a majority vote of the Board of Directors.

 

Section 5-2

The entire membership of the Association, individually or collectively, shall observe the Code of Ethics and the Bylaws of the Association in all respects and at all times. All members shall conduct themselves at all times in a manner beneficial to the Association and the appraisal profession in general, and to the public in particular.

 

Section 5-3

It is unethical for any member of the Association:

a) to conduct themselves in a manner which might jeopardize the professional status or the reputation of the Association or any member of the Association.

b) to act in a manner that is misleading or fraudulent.

c) to use misleading information in the course of practicing their profession as an appraiser.

d) to engage in conduct which is contrary to any criminal statute in effect in Canada or any misdemeanor, that might adversely reflect on the Association, themselves, their profession, or the reputation of another member of the Association.

e) to claim or represent professional qualifications, including educational status, which they have not officially obtained and have not been officially awarded.

f) to further the application of admission, to the Association, of another person known by said member to be unqualified in respect to character, education, or other relevant attribute.

g) to maliciously injure or attempt to insure the professional reputation or business prospects of another member.

h) to violate any provision, circumvent, and or contravene any provision of the Code of Ethics or the Bylaws of the Association, personally or through the actions of others.

i) to engage in conduct involving dishonesty, fraud, deceit, or misrepresentation.

j) to fail to report any violations of the Code of Ethics of the Association when personally aware of such a violation.

k) to submit any misleading or false information to any duly authorized committee of the Association when information is requested by such a committee.

l) to fail or refuse to submit any unprivileged information, appraisal report, or any related information when requested to do so by a duly authorized committee of the Association, acting in their capacity in the enforcement of the Code of Ethics of the Association.

m) to refuse to co operate with the Association in any matter relating to the carrying out of its responsibilities to the public at large.

n) for any member serving the Association in any capacity, to disclose or utilize any confidential information obtained in connection with such a service.

 

 

 

Section 5-4

It is unethical for any member of the Association to:

a) to participate or engage in misleading or deceptive advertising.

b) to refer to the Association or the professional designations of the Association, in a manner that is misleading, or to use or display the registered trademarks, logos, or emblems of the Association in a manner that might be contrary to the Association's bylaws.

c) to prepare or transmit, in any manner, a resume or statement of professional qualifications which might be misleading.

 

Section 5-5

It is unethical for any member of the Association to disclose their analysis, opinions, or conclusions to anyone other than:

a) their client and those persons specifically authorized by their client to receive such information.

b) third parties when a member is legally required to do so by due process of law.

 

Section 5-6

It is unethical for any member of the Association to disclose data provided by a client on a confidential basis to anyone other than:

a) those persons specifically authorized by their client to receive such data.

b) third parties when a member is legally required to do so by due process of law.

 

Section 5-7

It is unethical for any member who holds a public office or who is employed by a Government body or institution, to use their position in that public office or that Government body, to obtain or attempt to obtain a special advantage for themselves or for their employer when knowingly such an action is not in the public interest.

 

Section 5-8

When performing appraisal services, all members shall comply with the current Uniform Standards of Professional Appraisal Practice (USPAP) as promulgated by the Appraisal Foundation of the United States of America.

 

Section 5-9

It is unethical for any member of the Association to withhold from, and not disclose to, the Association any unprivileged information regarding another member who has been disciplined, or removed from, the roles of an allied or professional organization or licensing agency for violation of their rules and or regulations.

 

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