Ethics, Competency and Negligence
This course explores the ETHICS RULE and the COMPETENCY RULE through a review of these Rules, and examples of everyday issues that appraiser might and often do face. The course presents the link between the SCOPE OF WORK RULE and the STANDARDS and Standards Rules.
The course also discusses times when an appraiser might knowingly, and incorrectly, fail to consider an ethical or competency requirement, as well as times when appraisers unknowingly perform a service for which they are not qualified. In these cases, the consequences vary, but they are rarely pleasant. We will review several actual enforcement cases that clearly demonstrate situations where the appraiser was disciplined for violations of the ETHICS RULE, COMPETENCY RULE, and other USPAP requirements.