In appraisal practice, what is the stance on advocating for any party's interest?

Study for the IAAO Assessment Administration Specialist (AAS) exam. Engage with flashcards and multiple choice questions, each offering hints and detailed explanations. Prepare thoroughly for your certification!

In appraisal practice, the stance on advocating for any party's interest is focused on maintaining objectivity and impartiality throughout the appraisal process. Appraisers are expected to provide an unbiased opinion of value and to adhere to ethical standards that prioritize integrity and independence. The fundamental principle is that advocating for a specific party can lead to conflicts of interest and compromise the appraiser's ability to deliver an impartial assessment.

By not permitting personal advocacy, the profession aims to ensure that appraisals are based solely on factual data, rigorous analysis, and an impartial perspective. This creates trust in the appraisal process and supports the credibility of the profession as a whole. The importance of objectivity is emphasized in the ethical guidelines set forth by appraisal organizations, which reinforces that appraisers must act in the public interest and avoid situations where their objectivity might be questioned.

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