Ethics in Real Estate Appraisal: Theory & Practice

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

A duty of _____ means that an appraiser cannot share any private information from their client with anyone.

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1. Which of these is a written code of conduct that lays out principles and guidelines for appraisers to follow?

2. Which of these is a reason that an appraiser may deny service to a client?

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About This Quiz & Worksheet

Check your grasp on ethics in real estate appraisal with this quiz and worksheet duo. These assessments will help test your understanding of the written code of conduct, and its principles and guidelines.

Quiz & Worksheet Goals

In these assessments you'll be asked about:

  • A term which means that an appraiser cannot share private client information
  • The code of conduct that covers principles and guidelines for appraisers to follow
  • Why appraisers may deny service to a client
  • Which guideline says we should treat others as we would like to be treated
  • An example of a material fact about a property that an appraiser might conceal

Skills Practiced

  • Knowledge application - use your knowledge to answer questions about ethical real estate standards during appraisal
  • Interpreting information - verify that you can read information regarding a code of conduct and interpret it correctly
  • Reading comprehension - ensure that you draw the most important information from the related real estate appraisal lesson

Additional Learning

The lesson titled Ethics in Real Estate Appraisal: Theory & Practice discusses real estate ethics in more detail. As you work through the lesson, you'll learn more to meet these goals:

  • Explain what it means to say that all appraisers should promote the interests of their clients
  • Discuss why appraisers should avoid misrepresenting or concealing facts about a property or appraisal
  • Describe why appraisers should not have personal ownership in properties where they are involved as appraisers
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