A. All appraisers certified or licensed pursuant to the Oklahoma Certified Real Estate Appraisers Act must conduct all real property valuations in conformance with the following:
- 1. An appraiser must perform ethically and competently and not engage in conduct that is unlawful, unethical or improper. An appraiser who could reasonably be perceived to act as a disinterested third party in rendering an unbiased real property valuation must perform assignments with impartiality, objectivity and independence and without accommodation of personal interests;
- 2. The acceptance of compensation that is contingent upon the reporting of a predetermined value or a direction in value that favors the cause of the client, the amount of the value estimate, the attainment of a stipulated result or the occurrence of a subsequent event is unethical;
- 3. The payment of undisclosed fees, commissions or things of value in connection with the procurement of real property valuation assignments is unethical;
- 4. Advertising for or soliciting appraisal assignments in a manner which is false, misleading or exaggerated is unethical; and
- 5. An appraiser must protect the confidential nature of the appraiser-client relationship.
- B. Although this code of ethics is based upon the ethics provisions of the Uniform Standards of Professional Appraisal Practice, it is not the intent of the Legislature to incorporate the standards set forth in the Uniform Standards of Professional Appraisal Practice.
Added by Laws 1996, HB 2250, c. 318, § 12, emerg. eff. July 1, 1996.