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?

<p>Exercise good faith in protecting the client's interest (C)</p> Signup and view all the answers

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

<p>Strictly observe Client-Real Estate Appraiser confidentiality (B)</p> 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?

<p>Act with fairness, justice, and good faith (C)</p> Signup and view all the answers

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

<p>Section 29 (A)</p> Signup and view all the answers

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

<p>Uphold social responsibility and conscience (D)</p> Signup and view all the answers

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

<p>Complying with the Continuing Professional Development (CPD) requirement (D)</p> 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?

<p>Obtaining classified information from clients (D)</p> Signup and view all the answers

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

<p>Classified information (A)</p> Signup and view all the answers

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

<p>Imparting knowledge (B)</p> Signup and view all the answers

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