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. Multiple Australian

financial institution A financial institution, sometimes called a banking institution, is a business entity that provides service as an intermediary for different types of financial monetary transactions. Broadly speaking, there are three major types of financial ins ...

s require property professionals who carry out mortgage valuation work to be members of the API.Unlocking Property Value: Tips from Valuers
/ref> The Commonwealth Institute of Valuers had 3225 members in 1972. 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: * CPV, Certified Practising Valuer * RPV, Residential Property Valuer * CPP, Certified Property Professional * CPM, Certified Property Manager * CFM, Certified Funds Manager * CPD, Certified Property Developer * CFacM, Certified Facilities Manager * CAM, Certified Asset Manager API publications include '' The Australia & New Zealand Property Journal'', the ''Professional Practice Manual'' and ''Valuation Principles and Practices.'' 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) *

Royal Institution of Chartered Surveyors The Royal Institution of Chartered Surveyors (RICS) is a global professional body for those working in the Built Environment, Construction, Land, Property and Real Estate. The RICS was founded in London in 1868. It works at a cross-governmental ...

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(General Practice Division) * Singapore Institute of Surveyors and Valuers (General Practice Division) These reciprocity agreements provide API members with portable skills and qualifications allowing them to practice throughout the world. The National Office of the Australian Property Institute is located at 3/60 York Street, Sydney NSW 2000.

References

{{Authority control Organizations established in 1927 Business organisations based in Australia Professional valuation organizations