CPVs hold a unique position in the property industry, being true professionals in the field of valuation. In order for them to keep that position, it is vital to maintain certain principles and values, and behave in a manner expected of Members of the Institute.
CPVs should always work in a professional manner, with integrity and honour. They should serve their clients and employers in good faith, acting impartially and objectively when providing independent advice. It is important to always respect the public interest.
CPVs should only take on work for which they have the competence, skill and/or experience to complete it to acceptable professional standards. If they are not able to complete the project themselves, they should work in conjunction with a suitably qualified and experienced practitioner to do so.
Any conflicts of interest should be identified and considered before a project is taken on. Members should not act in a matter in which a conflict or potential conflict has been identified, unless all interested parties have been made aware of the situation and agree to the Member continuing with the task.
It's important for Members to observe confidentiality requirements when working with clients and the public. Members should always conduct their business in a manner befitting their profession, and in accordance with reasonable public expectations of any professional workers.