Jim Amorin, President of the Appraisal Institute, commented on appraisers who may be violating the Uniform Standards of Professional Appraisal Practice (USPAP) or other professional and ethical standards of appraisers. Mr. Amorin’s comments focused on geographic competency – an issue that has become prominent since the May 1st implementation of the Home Valuation Code of Conduct (HVCC).
According to the RISMEDIA article, Mr. Amorin said the “Appraisal Institute expects and demands its members to strictly adhere to its Code of Professional Ethics. We will take disciplinary action against any member who violates our organization’s geographic competency ethics requirement. Non-member appraisers should strive to achieve the same level of ethical behavior.”
The USPAP Competency Rule: “Prior to accepting an assignment or entering into an agreement to perform any assignment, an appraiser must properly identify the problem to be addressed and have the knowledge and experience to complete the assignment competently.”