Which of the following is a restriction placed on an appraiser's actions?

The correct choice highlights a crucial ethical standard that appraisers must uphold in their practice. Appraisers are bound by the principles of objectivity and impartiality, which are foundational elements of the Uniform Standards of Professional Appraisal Practice (USPAP). Accepting compensation from the borrower poses a conflict of interest and can compromise the integrity of the appraisal process, leading to potential bias in the opinion of value. By not accepting compensation from the borrower, the appraiser ensures that their judgment remains independent and free from any undue influence, thus upholding their duty to provide an unbiased and accurate appraisal.

The other options present ideas that may not align with professional standards or regulations. Disclosure of the engagement amount prior to completion may not ensure confidentiality and can create undue pressure on the appraiser. Working independently of lender guidelines can lead to non-compliance with important industry regulations. Contacting the borrower may also be discouraged to maintain impartiality and to avoid any perception of conflict within the appraiser's role, though there are situations where limited contact might be permissible when necessary for clarifications. Understanding these restrictions is essential for anyone pursuing a career in appraisal and adhering to ethical standards in the field.