The Australian Property Institute (API) is a professional industry body representing residential, commercial and plant and machinery valuers, analysts, fund managers and property lawyers.
The API was originally formed in 1927 as the Commonwealth Institute of Valuers.[1] Multiple Australian financial institutions[which?] require property professionals who carry out mortgage valuation work to be members of the API.[2]
The Commonwealth Institute of Valuers had 3225 members in 1972.[1]
The API provides certifications to its members reflecting their specific field of expertise. Such Certifications are required by some Australian States to practice in the specific field. These Certifications are:
Members of the Institute are bound by a code of ethics, rules of conduct, and professional practice standards. The API has reciprocity agreements with the following bodies
The Appraisal Institute (USA)
Property Institute of New Zealand
Appraisal Institute of Canada
Hong Kong Institute of Surveyors (General Practice Division)
