What is a potential consequence for failing to comply with USPAP's ethical obligations?

Failure to comply with USPAP's ethical obligations can lead to a loss of professional reputation. The Uniform Standards of Professional Appraisal Practice (USPAP) are designed to ensure that appraisers maintain high ethical standards and provide credible and reliable appraisals. When an appraiser deviates from these ethical obligations, it undermines the trust that clients, peers, and the public place in their work.

A tarnished reputation can have significant long-term consequences for an appraiser's career, as clients may choose not to engage the services of an appraiser with a questionable track record. The appraisal profession relies heavily on integrity and public trust, making a solid reputation essential for success and longevity in the field. Thus, maintaining compliance with ethical obligations outlined in USPAP is crucial for sustaining a favorable professional reputation.