FREE ASA Ethics & Professional Standards Questions and Answers
What is a core responsibility of an ASA-certified appraiser?
Correct! Wrong!
Maintaining competency in the field is essential to producing reliable, defensible valuations.
What must an appraiser do when faced with a conflict of interest?
Correct! Wrong!
Disclosing any potential conflicts is required by ethical standards to maintain transparency and trust.
Which of the following is considered unethical for an appraiser?
Correct! Wrong!
Advocating for a specific outcome compromises objectivity and violates the ethical obligation of impartiality.
Which document outlines ethical obligations of ASA appraisers?
Correct! Wrong!
The ASA Code of Ethics provides guidelines for ethical behavior and professional conduct among members.
Why is impartiality critical in appraisal practice?
Correct! Wrong!
Appraisers must avoid bias to ensure their opinions are credible and serve public trust as required by professional standards.
What is the purpose of confidentiality in appraisal practice?
Correct! Wrong!
Confidentiality ensures client information is protected and not disclosed without consent, promoting trust and compliance.