Which of the following best describes an appraiser's ethical obligation?

An appraiser's ethical obligation is fundamentally rooted in the principle of acting impartially and objectively. This standard is crucial because appraisers are tasked with providing unbiased property valuations that stakeholders, including buyers, sellers, and lenders, rely on to make informed decisions. Adhering to impartiality ensures that their assessments reflect true market conditions and maintain integrity in the appraisal process.

Acting objectively means that appraisers must evaluate properties based on factual data, recognized methodologies, and accepted standards without allowing personal biases or external pressures to influence their judgments. This commitment to objectivity fosters trust in the appraisal process and supports the overall integrity of the real estate market. Engaging in ethical behavior not only enhances the professionalism of the appraiser but also upholds the reputation of the appraisal profession as a whole.