Code of Ethics for AIREI members

(Preface note: The AIREI defines an Property Investment professional as "an individual who possesses a mastery of skills, demonstrates the ability to assume responsibility without direct supervision, exercises initiative and judgment, and makes decisions within the scope of assigned authority within the Property Investment industry")

Recognizing that a position of trust imposes ethical obligations upon AIREI members to act for the benefit the public, members of the AIREI established and promulgated four standards of professional conduct and resolve to be guided by them as embodying the ethical ideals of their profession.

The development of a Code of Ethics demonstrates that the Property Investment profession accepts the obligation to engage in self-discipline and accepts the responsibility and trust earned by Property Investment professionals throughout past generations.

Each AIREI member has a personal obligation to support and follow the Code, recognizing that the greatest penalty possible for its violation is loss of the respect of professional colleagues and the trust of employers, clients, and society and exclusion from the association..

Ethical behaviour is encouraged by both the Code and the profession. An AIREI member's personal ethical behaviour may often exceed the requirements of the Code, which do not demand less than the law, and often exceed those of the law. Persons found guilty of violating laws will be considered in prima facie violation of the Code and will be censured or otherwise penalized by exclusion from the association.

1.

Communications and information either given in confidence or such that confidentiality is required to serve the best interests of the immediate situation shall not be revealed by an AIREI member unless permission to do so is granted by the immediate situation or continued confidentiality is harmful to the  public, or profession.

The AIREI member will assume responsibilities only when qualified by training and experience and pecuniary ability.

The AIREI member shall strive to accurately and honestly represent the views and interests of the association as well as the views and interests of those who seek to contact or influence the association, and shall not distort or misrepresent such views and interests, whether for personal advantage or to protect the association from unwelcome information.

The AIREI member shall respond to those seeking the association's professional attention with impartial courtesy and consistent good will, recognizing that by the AIREI member's demeanour the immediate association will be judged.

When entrusted with funds or material goods essential to serve the association, an  AIREI member shall never appropriate or use such funds or goods for personal or non-professional purposes, and an AIREI member shall never use the association's facilities or time for the pursuit of such purposes without the express consent of the association.

2. The AIREI member shall strive to maintain and enhance the dignity, status, competence, and standards of the profession and its practitioners.

The AIREI member, when applying for or being listed for employment, shall not make exaggerated, misleading, or false claims concerning training or qualifications. When judging the qualifications of other persons, whether in providing references, assisting with assignments, or evaluating performances, the AIREI member shall strive to provide fair and objective appraisals and shall attempt to avoid any false, malicious, or indiscriminate injury to or criticism of the professional reputation or work of others.

The AIREI member will cooperate with other AIREI members in extending public knowledge and appreciation of the profession and its achievements and will strive to protect it from misrepresentation and misunderstanding.

The AIREI member shall strive to improve the standards of the profession by , attending and encouraging others to attend professional meetings where possible, exchanging knowledge and information with other AIREI members, and by achieving and encouraging others to achieve the Certified Professional Investor qualification.

3.

The AIREI member shall refuse to cooperate with or condone by silence the actions of any such co-members who misuse their positions for personal, non-professional advantage.

The AIREI member shall resist, and if necessary report to the proper authorities, instances in the workplace of harassment for reasons of sex, creed, race, or age.

4. The AIREI member must consider the promotion and preservation of the safety and welfare of the public to be the paramount duty.

If requested or required to engage in or passively condone activities which are contrary to the public safety or welfare, the AIREI member shall indicate clearly to the perpetrator the possible harmful consequences and, if such activities continue, the AIREI member must either resign or notify the proper authorities.

The AIREI member is obliged, before reporting to the proper authorities actions contrary to the public interest, to determine that the factual evidence is correct, to be motivated by no desire for personal benefit or vindication, and to inform the association of such an intention unless doing so will be harmful to the public.

Contents