21.          THINGS OF VALUE RECEIVED for PROCUREMENT OF AN ASSIGNMENT

 

Question:

Are appraisers required by USPAP to disclose the payment of cash or other things of value to clients in order to obtain assignments?

 

Response:

Yes. The Comment to the Management section of the ETHICS RULE states that:

 

 

 

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.

 

 

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USPAP 2008–2009 Edition
©The Appraisal Foundation