ethics in appraisal

Ethics in appraisal refers to the honesty, integrity, and professionalism that appraisers follow when determining the value of property. It means providing fair, unbiased, and well-supported opinions without favoritism or personal interest. Ethical appraisers ensure their work complies with laws and standards, avoid conflicts of interest, and disclose any relevant information. This trustworthiness is essential for lenders, buyers, and sellers to make informed decisions, ensuring the appraisal process is transparent, accurate, and credible. In essence, ethical appraisal practices uphold the integrity and reliability of property valuations.