The API sets and maintains the highest standards of professional practice, Code of Ethics, education and professional conduct for Members.  We are committed to upholding and lifting the qualities of integrity, experience, competency, professionalism and specialist expertise of API Members.

Professional standards include, but are not limited to, Guidance Notes and Papers, Technical Information Papers and Standards Updates on a variety of valuation and property-specific topics.

Our professional standards are informed by a specialist group of industry experts who form the API Standards Steering Committee.

 

Consumer Protection

API’s professional standards provide transparency and public accountability. Our Members are held accountable to the principles and rules set out within the Codes.  These Codes cover professional conduct and behaviours of Members as well as the obligations regarding continuing professional development.

The API assists Members to provide high-quality professional services, relevant to the current and changing needs of clients and the community. The privileges accorded to professional persons by the community are accompanied by responsibilities which need to be met.

Codes and International Standards

The API Codes set our expectations of professional conduct and behaviour for API Members in their everyday professional practice.

API Valuer Members are also required to comply with the International Valuation Standards (IVS) produced and published by the International Valuation Standards Council (IVSC) and adopted by the API.

Residential Mortgage Valuation Services

API Valuer Members provide a range of property information advice and services to lenders/clients in relation to residential mortgage valuation services. The hierarchy, or level of advice, from highest to lowest, includes, but is not limited to, the following products;

  1. Long form reports (full on-site physical inspection by the Valuer and all relevant enquires undertaken)
  2. PropertyPRO Pro-Forma reports (short form template style report, full on-site physical inspection by the Valuer and limited enquiries as per the API PropertyPRO Supporting Memorandum
  3. Restricted Assessment Pro-Forma reports (short form template style report, ‘dive-by’ (kerbside) external inspection only by the Valuer and limited enquiries as per the API Restricted Assessment Supporting Memorandum
  4. Desktop assessment (no physical inspection by the Valuer, no formal enquiries and limited reporting as per the API Residential Desktop Assessment – Memorandum for First Mortgage Purposes