What ethical responsibility does an appraiser have regarding their findings?

An appraiser's ethical responsibility is centered around the requirement to report findings accurately and truthfully. This principle is fundamental in maintaining the integrity of the appraisal profession. Accurate and truthful reporting ensures that the appraisal reflects the true value of the property based on objective analysis and relevant data, rather than subjective influences or biases. Upholding this ethical standard protects not only the interests of clients but also the overall credibility of the real estate market.

If appraisers were to adjust their findings for client satisfaction or only provide favorable results, it could lead to significant repercussions, including misinformed decisions by buyers, sellers, or lenders, and ultimately harm the reputation of the appraisal industry. Collaboration with real estate agents may be a part of an appraiser's role, but it is crucial that such interactions do not compromise the objectivity and integrity of their findings. Therefore, the obligation to report findings accurately and truthfully stands as a cornerstone of ethical appraisal practice.