The ethical obligations apply to which group?

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Study for the McKissock 15hr National USPAP Test. Use flashcards and multiple-choice questions with hints and explanations. Get ahead in your appraisal career!

Multiple Choice

The ethical obligations apply to which group?

Explanation:
Ethical duties under USPAP are personal; they belong to the person who actually performs the appraisal. Each appraiser must conduct work with honesty, integrity, and independence, and disclose any conflicts of interest. While a brokerage can set policies and supervise staff, and regulators enforce rules and clients rely on the appraisal, the responsibility to meet the ethical standards rests with the individual appraiser who prepares the report. That’s why the best answer is the individual appraiser.

Ethical duties under USPAP are personal; they belong to the person who actually performs the appraisal. Each appraiser must conduct work with honesty, integrity, and independence, and disclose any conflicts of interest. While a brokerage can set policies and supervise staff, and regulators enforce rules and clients rely on the appraisal, the responsibility to meet the ethical standards rests with the individual appraiser who prepares the report. That’s why the best answer is the individual appraiser.

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