Which could be considered a violation of appraisal ethics?

Withholding payment from the appraiser constitutes a violation of appraisal ethics because it undermines the principle of fair compensation for services rendered. Appraisers perform a critical role in the lending process, providing unbiased valuations based on their expertise and market conditions. Delaying or refusing payment can pressure appraisers to alter their findings or feel inadequate compensation for their work, which compromises the integrity of the appraisal process.

Ethical standards within the appraisal profession emphasize the importance of maintaining independence and objectivity, which can be negatively impacted if an appraiser is concerned about receiving payment. It also may lead to conflicts of interest, affecting the credibility of their appraisals.

In contrast, actions such as requesting a follow-up inspection, asking for market analysis, or providing recent sales data are generally acceptable practices. These actions are part of the typical interactions surrounding appraisals and help ensure accurate and informed valuations, thereby supporting the reliability of the appraisal process.