FREQUENTLY ASKED QUESTIONS
21. THINGS OF VALUE RECEIVED for PROCUREMENT OF AN ASSIGNMENT
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Question: |
Are appraisers required by USPAP to disclose the payment of cash or other things of value to clients in order to obtain assignments?
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Response: |
Yes. The Comment to the Management section of the ETHICS RULE states that:
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Disclosure of fees, commissions, or things of value connected to the procurement of an assignment must appear in the certification and in any transmittal letter in which conclusions are stated. |
USPAP 2008–2009 Edition
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