CONDUCT:

An appraiser must perform assignments with impartiality, objectivity, and independence, and without accommodation of personal interests.

An appraiser:

• must not perform an assignment with bias;

• must not advocate the cause or interest of any party or issue;

• must not accept an assignment that includes the reporting of predetermined opinions and conclusions;

• must not misrepresent his or her role when providing valuation services that are outside of appraisal practice;11

• must not communicate assignment results with the intent to mislead or to defraud;

• must not use or communicate a report or assignment results known by the appraiser to be misleading or fraudulent;

• must not knowingly permit an employee or other person to communicate a report or assignment results that are misleading or fraudulent;

• must not use or rely on unsupported conclusions relating to characteristics such as race, color, religion, national origin, gender, marital status, familial status, age, receipt of public assistance income, handicap, or an unsupported conclusion that homogeneity of such characteristics is necessary to maximize value;

• must not engage in criminal conduct;

• must not willfully or knowingly violate the requirements of the RECORD KEEPING RULE; and

• must not perform an assignment in a grossly negligent manner.