What risk does an appraiser face if they disregard ethical standards?

Disregarding ethical standards can lead to significant consequences for an appraiser, one of the most critical being the loss of credibility and trust among clients. Ethical standards in appraisal are designed to ensure accuracy, impartiality, and fairness in the valuation process. When these standards are not adhered to, it can result in appraisals that are inaccurate or biased, which can damage the appraiser's reputation.

Clients rely on appraisers for honest and objective assessments of property values, and any perception of unethical behavior can lead to a breakdown in that trust. Once credibility is lost, it can be challenging to regain, potentially leading to diminished client relationships and fewer opportunities for future work. Therefore, maintaining high ethical standards is essential for sustaining professional integrity and trust in the field of real property appraisal.