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

The requirement for the appraiser to disclose the number of times they have appraised a property within the past three years is rooted in the principles of transparency and professionalism in appraisal practice. By providing this information, the appraiser helps the prospective client understand the depth of their familiarity with the property and the history of its valuation, which can be crucial in assessing the reliability and objectivity of the appraisal.

This level of disclosure supports the integrity of the appraisal process by ensuring that all parties are aware of any potential biases or conflicts of interest that could arise from frequent appraisals of the same property. It demonstrates the appraiser's commitment to upholding ethical standards and fosters trust in their professional judgment.

The other options do not align with the established standards and expectations for disclosure in the appraisal process. Option B is incomplete, as it does not provide the necessary detail about the frequency of appraisals, which is vital for understanding their context. Option C incorrectly suggests that no disclosure is necessary, undermining transparency. Option D also falls short, as it limits disclosure to only the most recent appraisal, ignoring the importance of the total number of appraisals which informs the client’s understanding of the appraiser’s familiarity with the property.