Institute of Municipal Assessors
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SINCE 1957
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CODE OF ETHICS
1. The member shall uphold the Institute of Municipal
Assessors’ professional values of:
• Honesty
• Expertise
• Independence
• Loyalty
• Fairness
2. The member shall demonstrate professional and ethical
conduct to:
• Maintain the integrity of relationships with other members,
government officials, the public and the media.
• Aid in informed decision-making.
3. The member shall:
a. Preserve the integrity of the process of real property valuation.
b. Be fair, honest and accurate in all activities and
communications.
c. Act promptly to correct errors for which the member is
responsible.
d. Preserve the flow of unprejudiced information when giving
or receiving gifts by ensuring that gifts are nominal, legal,
appropriate and infrequent.
e. Maintain professional competence by keeping informed
of and complying with developments in the acknowledged
standards of the profession in which the member practices.
f. Disclose to all affected parties any potential conflict of
interest that arises or is likely to arise during the performance
of their duties.
g. Always act in accordance with the duties and responsibilties
associated with being a member of the IMA.
h. At all times act in a manner that will enhance the image of
the profession and the IMA.
i. Seek guidance and advice prior to undertaking duties
for which they are not qualified due to lack of education,
experience or ability.
4. The members shall not:
a. Independently undertake assessments for which the
member is not qualified, through either lack of education,
experience of ability.
b. Advance his/her membership or candidacy as evidence of
professional qualification in an area for which he/she is not
qualified.
c. Claim professional qualifications that are misleading or not
factual.
d. Put forward membership or any designation granted by the
Institute as authority to undertake the practice of
assessment in areas in which they are not fully qualified.
e. Allow the interests of outside parties to take precedence
over his/her professional duties.
f. Make any irresponsible public statements of value.
g. Disclose any information of a confidential nature to any
person except as where permitted by law.
h. Contravene legislative provisions, by-laws, or standards of
practice under which he member is bound.
June 2007