ISTAT Appraisers Program Overview

Within ISTAT is a core group of professional aircraft appraisers who work cooperatively for the elevation of the appraisal profession within the global aviation community.

Each ISTAT member, who has satisfactorily demonstrated that they are qualified to appraise transport aircraft, has been granted the right to use one of the professional designations established by ISTAT. A description of these qualifications and a listing of ISTAT Certified Appraisers may be found here. The ISTAT Appraisers Program (IAP) is overseen by the IAP Board of Governors (IBG). More information on the IBG may be found here.

Applications are open for ISTAT members to fill non-appraiser roles on the IAP Board of Governors (IBG). The IAP has three positions with two-year terms available. The IBG is responsible for overseeing the ISTAT Appraisers Program (IAP), managing and updating standards and procedures, and reviewing the IAP Handbook, which includes the Principles of Appraisal Practice and Code of Ethics (Handbook). Additionally, the IBG handles complaints against IAP members for alleged violations of these rules and appraisal standards. The IBG plays a key role in shaping the strategy and direction of this vital component of the ISTAT community.

Selection Process:

• Send a CV and a cover letter, which should include a summary of qualifications and highlights how you would be a value-added member of the IBG, to ISTAT at IAPExecutiveDirector@istat.org.
• All applications must be received by Friday, 14 February 2025. 
• Interested candidates shall be considered based on their qualifications and how their background and interests would benefit the IAP.
• A slate of candidates will be presented to the ISTAT Board of Directors who will make selections at the 5 March 2025 board meeting.

Ethical practices and conduct required of ISTAT Certified Appraisers of all grades are defined in the ISTAT Appraisers Program (IAP) Handbook including Principles of Appraisal Practice and Code of Ethics Revision #10 Effective 2023.02.01 (the Handbook). The Handbook also contains the IAP's bylaws and definitions.

Handbook

This Handbook has an effective date of 1 February 2023. This Handbook supersedes the ISTAT Appraisers Program Principles of Appraisal Practice & Code of Ethics - Revision #14 Effective: 2020.03.01 and the ISTAT Appraisers Program Handbook - Revision #9 Effective: 2020.03.01.

For circumstances where definitions and terms in effect prior to 31 January 2022, inclusive, are required, please contact ISTAT IAP Executive Director, Peter Negline, at IAPExecutiveDirector@istat.org for a copy of the superseded IAP Principles of Appraisal Practice & Code of Ethics and/or the ISTAT Appraisers Program Handbook.