In the context of confidential information, which is true under USPAP?

Under USPAP (Uniform Standards of Professional Appraisal Practice), confidential information is explicitly defined and protected. This means that any data or details that an appraiser receives from the client, which are designated as confidential, must be safeguarded and not disclosed to others without the client's consent. This is in line with the ethical standards that govern professional appraisal practice, ensuring that client confidentiality is prioritized.

The recognition and protection of confidential information serve to maintain trust in the client-appraiser relationship, ensuring clients feel secure sharing sensitive information that might be critical to the appraisal process. This principle is crucial for upholding professional integrity and compliance with the well-defined ethical standards set forth by USPAP. Understanding this concept is essential for appraisers, as it reinforces the importance of confidentiality in professional business practices.