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Note: Appraisers work on a confidential basis with clients [known as client-appraiser relationship] and have a fiduciary duty to our client similar to that of other professionals such as lawyers and accountants. Often when a report is completed for mortgage lending purposes, the homeowner is required to pay the appraisal fee but the appraiser’s client is the lending institution making a lending decision for the property based on the report. AIC members are required to comply with the AIC’s standards of professional practice [CUSPAP]. CUSPAP requires an AIC member to maintain the confidential nature of their relationship with their client. For further details, please click on the link below.

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