USPAP Practice Exam 2026 – Comprehensive Test Prep

The correct answer reflects a critical ethical obligation outlined by USPAP, which is to maintain confidentiality and respect the trust placed in the appraiser by the previous client. When appraising the same property for a new client, an appraiser is required to obtain a release from the previous client to ensure that any proprietary information or insights obtained during prior engagements are not disclosed without the client's permission. This requirement safeguards the integrity of the confidential information and preserves the trust between the appraiser and the client.

The need for a release is essential not only to comply with the ethical standards set forth in USPAP but also to protect the interests of all parties involved. It upholds the duty of confidentiality, ensuring that the appraisal practice remains trustworthy and that clients feel secure in sharing sensitive information.

In contrast, options such as increasing fees or redoing the entire appraisal do not align with the key tenet of client confidentiality as required by USPAP. Additionally, proceeding without consent undermines the ethical framework that governs appraisers and could lead to potential legal repercussions or loss of reputation in the industry. Thus, obtaining the necessary release is a fundamental step in line with both ethical practice and professional standards in appraising.