What ethical consideration must an appraiser keep in mind when valuing properties for litigation purposes?

When valuing properties for litigation purposes, maintaining objectivity and independence is crucial for an appraiser. This ethical consideration ensures that the appraiser provides an unbiased valuation based on reliable data, methodologies, and legal standards, rather than being influenced by the parties involved or the outcome they desire.

In litigation scenarios, appraisers may face pressure to align their findings with the interests of one party or another. However, it is essential for the integrity of the appraisal process that the appraiser remains neutral, grounded in professional ethics, and guided by established appraisal principles. This objectivity not only fosters trust in the valuation process but also upholds the appraiser's credibility in legal contexts.

Staying independent allows the appraiser to produce fair and accurate valuations that can withstand scrutiny in court, ultimately contributing to a fair resolution of the legal matters at hand. Hence, this ethical consideration is fundamental to the appraiser's role in legal proceedings.