C-26, r. 123 - Code of ethics of chartered appraisers

Section 19 Disposition versions

2018-04-12

19. Every chartered appraiser shall avoid any situation in which he could be in a conflict of interest. Without restricting the generality of the foregoing, the chartered appraiser is in a conflict of interest

(1)  where he serves opposing interests, notably, where he agrees with a third party to appraise an immovable situated in the territory of a municipality for which he prepares and maintains the municipal roll;

(2)  where the interests in question are such that he might favour some of them over those of his client or where his judgment and loyalty toward his client could be unfavourably affected.

In all cases in which a chartered appraiser carries on professional activities within a partnership or joint-stock company, situations of conflict of interest are assessed with regard to all clients of persons with whom the chartered appraiser carries on professional activities within the partnership or joint-stock company.

As soon as he becomes aware that he is in a situation of conflict of interest, or apparent conflict of interest, the chartered appraiser must disclose this fact in writing to the clients concerned and request authorization to continue to act for them. Mention of this must be made by the chartered appraiser in his report.

O.C. 1282-2000, s. 19; O.C. 161-2012, s. 5; O.C. 251-2018, s. 24.

2012-09-01

19. Every appraiser shall avoid any situation in which he could be in a conflict of interest. Without restricting the generality of the foregoing, the appraiser is in a conflict of interest

(1)  where he serves opposing interests, notably, where he agrees with a third party to appraise an immovable situated in the territory of a municipality for which he prepares and maintains the municipal roll;

(2)  where the interests in question are such that he might favour some of them over those of his client or where his judgment and loyalty toward his client could be unfavourably affected.

In all cases in which an appraiser carries on professional activities within a partnership or joint-stock company, situations of conflict of interest are assessed with regard to all clients of persons with whom the appraiser carries on professional activities within the partnership or joint-stock company.

As soon as he becomes aware that he is in a situation of conflict of interest, or apparent conflict of interest, the appraiser must disclose this fact in writing to the clients concerned and request authorization to continue to act for them. Mention of this must be made by the appraiser in his report.

O.C. 1282-2000, s. 19; O.C. 161-2012, s. 5.