USPAP Practice Exam 2025 – Comprehensive Test Prep

Appraisers must prioritize transparency and integrity in their work, especially when it comes to potential conflicts of interest. The correct response emphasizes the importance of immediately disclosing any conflict to the client. This is vital because doing so aligns with the ethical standards set forth in the Uniform Standards of Professional Appraisal Practice (USPAP). By disclosing potential conflicts, appraisers ensure that clients are fully informed and can make decisions based on a clear understanding of any influences that may affect the appraisal process.

This practice not only helps maintain trust but also protects the appraiser from allegations of unethical behavior. Upholding this standard reflects adherence to the principles of fairness and objectivity, which are essential in the appraisal profession.

In contrast, ignoring a potential conflict undermines the integrity of the appraisal and could lead to significant reputational damage and potential legal consequences. Only disclosing a conflict when legally required does not account for the ethical obligation to maintain transparency and can leave clients with less information than necessary to evaluate the appraisal process. Seeking guidance from other professionals can be a good practice for resolving conflicts, but it does not replace the need to disclose these conflicts directly to clients.