How do ethics and conflicts of interest impact the appraiser?
The appraiser pledges to conduct business in a manner that is not detrimental to the client, institute, or the real property appraisal profession. Members’ relationships with other members and other key stakeholders ought to depict courtesy, good faith along with showing respect for the institute and practices and regulations. In all cases, the appraiser is independent and objective while our duty is to only accept assignments within out scope of expertise. All working files must be kept for a minimum of seven years and assignments cannot be accepted on a contingent fee basis. The Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP) also defines as unethical the acceptance of an assignment that is contingent on “the reporting of a pre-determined result (e.g., opinion of value),” “a direction in assignment results that favors the cause of the client,” “the amount of a value opinion,” and other things. This means you can be assured we are working to objectively determin
