What must an appraiser do when obligated by law or regulation?

When an appraiser is obligated by law or regulation, the appropriate action is to comply with USPAP (Uniform Standards of Professional Appraisal Practice). USPAP is the foundation for the appraisal profession and sets the standards that appraisers must follow to ensure their work is ethical, competent, and meets legal and professional requirements.

By complying with USPAP, the appraiser aligns their practices with established guidelines, thereby fulfilling their legal obligations in a structured and recognized manner. This compliance ensures that they maintain credibility within the industry and uphold the integrity of their work, regardless of specific legal or regulatory requirements.

While seeking legal counsel, restructuring methods, or notifying clients about additional charges might be relevant in specific scenarios, the primary responsibility under legal obligations is to adhere to the standards set forth by USPAP. This commitment ensures that appraisers consistently provide reliable and defensible appraisals in compliance with relevant laws and regulations.