A study of the ethical and moral values held by Registered Valuers in New Zealand. This paper forms part of a series being developed by the authors, dealing with different sectors of the real estate industry within the same cultural setting, as well as across different cultural settings. This study utilises a self-administered survey questionnaire to measure five constructs adapted from those developed by Harris (1990). The constructs are concerned with Deceit, Fraud, Coercion, Influence Dealing, and Self-interest, and are multi-layered in the survey instrument. The results indicate differences between respondent’s beliefs and values based upon differences in age, valuation experience, education, type of employment, and relating to whether they had taken a professional ethics course or not.