Why is it critical for an appraiser to remain impartial?

Remaining impartial is essential for an appraiser because it allows them to provide an unbiased opinion of value, which is both credible and acceptable to all parties involved in a transaction. When appraisers maintain objectivity, they ensure that their valuation reflects the true market conditions and the intrinsic worth of the property being assessed, rather than being influenced by external pressures or personal interests.

This impartiality fosters trust among clients, buyers, sellers, and lenders, which is crucial for facilitating transactions and maintaining the integrity of the appraisal process. By ensuring that their opinions are based solely on relevant data and sound appraisal principles, appraisers contribute to fair and equitable dealings in the property market.

While it is also important to avoid conflicts of interest and to uphold the reputation of the appraisal industry, the primary focus should always be on delivering an accurate and unbiased valuation, as that is what supports informed decision-making by all parties. Support from clients or favoring any specific party compromises the appraiser's role, thus undermining the profession's credibility.