Which option is acceptable if the appraiser had previously listed the property?

The requirement for the appraiser to inform the client and disclose the conflict stems from ethical practices and guidelines set forth by professional organizations such as the Appraisal Institute and the Uniform Standards of Professional Appraisal Practice (USPAP). When an appraiser has previously listed the property, there is a potential conflict of interest that must be addressed to maintain transparency and uphold the integrity of the appraisal process.

By disclosing this relationship, the appraiser allows the client to understand the context in which the appraisal is being conducted. This transparency helps to ensure that the appraisal is conducted objectively and that the client is fully informed of any prior involvement the appraiser may have had with the property. This practice enhances trust and credibility in the appraisal process.

Other options do not align with ethical standards. For instance, disregarding the need for disclosure undermines professional integrity and goes against the principles of transparency. Keeping the listing information confidential could lead to suspicions about the objectivity of the appraisal since the client would not have knowledge of the appraiser's prior relationship with the property. Stating credentials in detail, while important in establishing the appraiser's qualifications, does not address the specific conflict of interest and is not a substitute for proper disclosure of previous involvement.