Which professional responsibility does an appraiser have when a property is located in another state?

An appraiser has a professional responsibility to adhere to the licensing laws of the state in which the property being appraised is located. Obtaining a license in that state ensures that the appraiser meets the jurisdiction’s specific requirements for practice, which can vary significantly from one state to another. This requirement is in place to protect clients and uphold the integrity of the appraisal profession.

Licensing establishes a baseline of knowledge regarding local property laws, market conditions, and appraisal practices. Without proper licensure, an appraiser could potentially violate state regulations, which could lead to legal and professional repercussions. Therefore, acquiring a license when working on an appraisal in another state is essential to maintain compliance and ensure the quality and reliability of the appraisal.

The other options indicate misunderstandings of professional obligations. Forfeiting an assignment, limiting work to home-state clients, or proceeding without regard to local laws could jeopardize the appraiser's professional standing and the credibility of their work. Hence, obtaining a license in the relevant state is the correct obligation for an appraiser.