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

Section 18 Disposition versions

2018-04-12

18. A chartered appraiser who, without compromising his professional independence, acts for a client both as a chartered appraiser and in another capacity or solely in another capacity, must disclose this fact and the manner in which he is remunerated, to the client in writing, and explain how his independence is maintained.

A chartered appraiser who acts solely in another capacity must also obtain his client’s agreement that no act will be held to be a considered opinion of value.

The chartered appraiser’s disclosure and the client’s agreement do not exempt the chartered appraiser from his obligation to maintain professional independence at all times and to cease to act where the situation becomes irreconcilable with his duty to remain independent.

O.C. 1282-2000, s. 18; O.C. 251-2018, s. 24.

2012-09-01

18. An appraiser who, without compromising his professional independence, acts for a client both as an appraiser and in another capacity or solely in another capacity, must disclose this fact and the manner in which he is remunerated, to the client in writing, and explain how his independence is maintained.

An appraiser who acts solely in another capacity must also obtain his client’s agreement that no act will be held to be a considered opinion of value.

The appraiser’s disclosure and the client’s agreement do not exempt the appraiser from his obligation to maintain professional independence at all times and to cease to act where the situation becomes irreconcilable with his duty to remain independent.

O.C. 1282-2000, s. 18.