What does USPAP state about obtaining a release from a previous client before taking on a new assignment?

The correct answer is that there is no requirement in USPAP for an appraiser to obtain a release from a previous client before accepting a new assignment. USPAP, the Uniform Standards of Professional Appraisal Practice, emphasizes the ethical and performance standards necessary for appraisers but does not impose a blanket requirement for obtaining releases in every situation.

Instead, USPAP does address confidentiality and requires appraisers to maintain the confidentiality of client information. However, there are scenarios where it may be beneficial to have an understanding with a previous client, particularly if the new assignment involves the same property or if there are potential conflicts of interest. Still, this is not a mandated requirement of USPAP but rather something that may be considered under best practices.

The distinction between the lack of a formal requirement and the expectations around ethical conduct and confidentiality is critical in ensuring that appraisers understand their responsibilities while also maintaining professional integrity when navigating multiple assignments. This understanding helps appraisers protect both their clients and themselves in their professional activities.