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Ethical Responsibilities of Real Estate Appraisers

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Ethical Responsibilities of Real Estate Appraisers

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Questions and Answers

Which of the following actions is prohibited for an appraiser?

Agreeing on professional fees
Giving referral fees (correct)
Destroying the reputation of colleagues
Seeking assistance from colleagues

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

Determine the professional fee
Make an agreement on the extent of the colleague's work (correct)
Request the colleague's expertise
Start the appraisal professional services

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

Good reputation and credibility (correct)
Professional fees
Referral fees
Colleague's expertise

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 (C) Signup and view all the answers

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

Strictly observe Client-Real Estate Appraiser confidentiality (B) Signup and view all the answers

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 (C) Signup and view all the answers

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

Section 29 (A) Signup and view all the answers

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

Uphold social responsibility and conscience (D) Signup and view all the answers

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

Complying with the Continuing Professional Development (CPD) requirement (D) Signup and view all the answers

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 (D) Signup and view all the answers

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

Classified information (A) Signup and view all the answers

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

Imparting knowledge (B) Signup and view all the answers