If an appraiser has appraised a property multiple times in the past three years, what must they disclose to a prospective client?

In the context of appraisal standards, particularly the Uniform Standards of Professional Appraisal Practice (USPAP), appraisers are required to maintain transparency with their clients to uphold ethical practices and foster trust. When an appraiser has performed appraisals on the same property multiple times within a specific timeframe, it is crucial for them to disclose the number of times they have appraised that property to the prospective client.

This requirement helps the client understand the appraiser's experience with the property, which may influence their opinions and interpretations regarding market trends and property conditions. Disclosing the frequency of past appraisals contributes to the credibility of the appraisal process, ensuring that clients are informed of any potential biases or familiarity that could arise from repeated assessments.

While estimating the market value, detailing past clients, or discussing payment history may be relevant in specific contexts, they do not align with the disclosure requirements outlined by USPAP concerning previous appraisals of the same property. Thus, the emphasis is squarely on the number of previous appraisals to promote transparency and ethical conduct in the appraisal profession.