BALANCE Appraisals 403-816-7210
Automotive, Equipment, Inventories
Code of Ethics
- An appraiser must perform assignments ethically and competently, in accordance with Canadian Personal Property Appraisers Group supplemental standards.
- An appraiser must perform assignments with impartiality, objectivity, and independence, and without accommodation of personal interest.
- Appraisal assignments cannot be contingent on reporting of a predetermined result or a direction in assignment results that favors the cause of the client.
- The payment of undisclosed fees, commissions, or things of value in connection with the procurement of an assignment is unethical.
- An appraiser must not disclose confidential information or assignment results prepared for a client to anyone other than the client and persons specifically authorized by the client.
- An appraiser must prepare a work file for each appraisal, appraisal review, or appraisal consulting assignment.
- The file must contain data, information, and documentation necessary to support the appraiser’s opinion and conclusions and show compliance with the Canadian Personal Property Appraisers Group rules and standards.
- An appraiser must retain the work file for at least 5 years after preparation or at least 2 years after final disposition of any judicial proceedings.
- Prior to accepting an assignment (and if discovered at any time during the assignment), an appraiser must disclose to the client and in the report certification; any services regarding the subject property performed by the appraiser within the prior 3 years, as an appraiser or in any other capacity.
Canadian Personal Property Appraisers Group www.cppag.com
Scott Martin CPPA