Under USPAP Confidentiality, which statement is most accurate?

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

Under USPAP Confidentiality, which statement is most accurate?

Explanation:
Under USPAP, confidentiality means the appraiser must protect information obtained during the assignment and limit disclosure to those with a legitimate need or legal right. Assignment results are part of the confidential work product, so sharing them with unauthorized parties isn’t allowed. The ETHICS RULE also defines non-confidential information that may be disclosed without client consent, such as information that is public or otherwise not confidential. So the appraiser is restricted from sharing confidential assignment results, but may disclose information that isn’t confidential as defined by the ETHICS RULE.

Under USPAP, confidentiality means the appraiser must protect information obtained during the assignment and limit disclosure to those with a legitimate need or legal right. Assignment results are part of the confidential work product, so sharing them with unauthorized parties isn’t allowed. The ETHICS RULE also defines non-confidential information that may be disclosed without client consent, such as information that is public or otherwise not confidential. So the appraiser is restricted from sharing confidential assignment results, but may disclose information that isn’t confidential as defined by the ETHICS RULE.

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