Valuation
Appraisal Independence
A concise definition for the California Real Estate Exam study guide.
Definition
An appraiser should remain independent and objective. The study guide notes that an appraiser may not be compensated as a percentage of the appraised value because that creates a conflict of interest.
Why it matters on the California real estate exam
Know the definition, recognize how the term appears in a fact pattern, and compare it with related concepts before choosing an answer.
Study this topic in context
Read the related chapter for the surrounding concepts, examples, and exam tips.
Chapter 6: Valuation & Appraisal →