Minnesota Appraisal Trainee Practice Exam 2025 - Free Appraisal Trainee Practice Questions and Study Guide

Question: 1 / 400

When can confidential information be disclosed to a third party?

When the appraiser deems it necessary

When authorized by the client

Confidential information can be disclosed to a third party when authorized by the client. This is grounded in the fundamental principle of confidentiality in the appraisal profession. Appraisers are required to maintain client confidentiality, as outlined in professional standards such as the Uniform Standards of Professional Appraisal Practice (USPAP). The client, being the party who provided the appraiser with the confidential information, holds the authority to permit disclosure.

When the client gives specific consent, it ensures that the appraiser is respecting the privacy and trust established in the professional-client relationship. It is also critical for maintaining ethical standards within the appraisal profession, as unauthorized disclosure could lead to potential legal repercussions or breach of trust.

Get further explanation with Examzify DeepDiveBeta

When it benefits the appraisal

When requested by a legal authority

Next Question

Report this question

Download Minnesota Appraisal Trainee Practice Exam PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy