Ethical Responsibilities of Real Estate Appraisers

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12 Questions

Which of the following actions is prohibited for an appraiser?

Giving referral fees

What should an appraiser do before seeking assistance from a colleague?

Make an agreement on the extent of the colleague's work

Which of the following is important for an appraiser to maintain?

Good reputation and credibility

According to Section 3 of the text, what is one of the responsibilities of the Real Estate Appraiser towards the client?

Exercise good faith in protecting the client's interest

What is one of the requirements for the Real Estate Appraiser when it comes to client confidentiality?

Strictly observe Client-Real Estate Appraiser confidentiality

According to Section 4 of the text, what is one of the expectations for the Real Estate Appraiser towards fellow practitioners?

Act with fairness, justice, and good faith

Which section of RA No. 9646 prohibits the unauthorized practice of the real estate service?

Section 29

What is one of the responsibilities of the Real Estate Appraiser towards the public?

Uphold social responsibility and conscience

What is one of the requirements for the Real Estate Appraiser in terms of professional development?

Complying with the Continuing Professional Development (CPD) requirement

Which of the following actions is NOT expected from a Real Estate Appraiser in the development of the professional service?

Obtaining classified information from clients

What type of information should Real Estate Appraisers refrain from using in the development of the professional service?

Classified information

Which of the following is an expectation for Real Estate Appraisers in the development of the professional service?

Imparting knowledge

Test your knowledge on the ethical responsibilities of a real estate appraiser towards their clients. This quiz will cover topics such as honesty, impartiality, fairness, loyalty, and protecting the client's interests.

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