CODE OF ETHICS
To maintain a high standard of professionalism, members of the association
adhere to the following:
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appraiser shall achieve and maintain a high level of competence, shall keep
himself or herself informed as to all matters involving or affecting livestock
and equine values, and shall accept only those assignments for which he/she
has the necessary background and qualifications.
appraisal assignment is a confidential undertaking between the appraiser
and his/her client. No information regarding the appraisal assignment shall
be disclosed to any third party without the express consent of the client.
an appraiser may express an informal or preliminary opinion as to the value
of the livestock and/or equine, he/she shall not do so until after he/she
has obtained all of the pertinent facts and given them due consideration.
appraisal reports shall be in writing, shall be signed by the appraiser,
and shall indude the following as a minimum:
1. A statement
of the purpose for which the appraisal was made and a definition of the
type of value estimated.
engagement to perform an appraisal and the fee charged shall be independent
of the value reported.
2. A description
of the equine being appraised.
3. A summary
of the facts upon which the appraisal is based.
4. A statement
of the conclusions reached, together with any applicable qualifications
or limitations on the conclusions.
5. A statement
of the assumptions and conditions applicable to the appraisal and to the
6. A statement
that the appraiser has no present or contemplated future interest in the
equine appraised, or a full and complete description of any such interest
that may exist.
the conduct of his/her practice, the appraiser will at all times observe
both the letter and the spirit of applicable laws, regulations and good
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