What type of obligations do the ethical rules of USPAP enforce on appraisers?

The ethical rules of USPAP enforce ethical obligations on appraisers, which are fundamental to maintaining integrity, professionalism, and trust in the appraisal process. These obligations require appraisers to adhere to principles that promote honesty, transparency, and fairness in their practice. They guide appraisers in making decisions that uphold the public's interest and maintain the credibility of the appraisal profession.

Ethical obligations go beyond simple compliance with laws or regulations; they embody the values and standards that appraisers should aspire to in their professional conduct. By following these ethical rules, appraisers are expected to perform their duties with competence, impartiality, and objectivity, ensuring that their conclusions and opinions are based on sound judgment and ethical considerations. This is crucial for maintaining the reputation of the appraisal profession and ensuring that clients and the public can rely on the appraisals provided.