ADVISORY OPINION 10 (AO-10)

SUBJECT: The Appraiser-Client Relationship

Approved March 23, 1993

Retired June 27, 2003

Please refer to Advisory Opinion 25, Clarification of the Client in a Federally Related Transaction, Advisory Opinion 26, Readdressing (Transferring) a Report to Another Party, and Advisory Opinion 27, Appraising the Same Property for a New Client, for related advice.