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Appraisal Client Confidentiality

An accredited appraiser is governed by the Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP or The Standards). Those Standards define the Appraiser-Client relationship and the Appraiser’s responsibilities to the Client. Items in italics are taken from The Standards. These standards are intended for the protection of both the Client and the Appraiser.

Do you own the appraisal of your own home?


It was generally believed that even if you are the person paying for the appraisal, you might not be the one who owns it. This arose from the following portion of CUSPAP at line 7.2.1:
  "The client is generally the party or parties ordering the appraisal report. It does not matter who pays for the work."

Banks and other lenders may deny you a copy of your report as this has always been standard practice.

However, this position was found to be inconsistent with PIPEDA (Personal Information Protection and Electronic Documents Act) in a 2008 challenge. Find the Case Summary here: http://www.priv.gc.ca/cf-dc/2008/390_20080507_e.asp

One of our clients found that by bringing a summary of this case to their lender they were provided with a redacted copy of their report.

Discussing the Appraisal Report


Furthermore, The Standards state the following:
5.10 Disclosure
  5.10.1 Members pledge to uphold the confidential nature of the appraiser/client relationship.
  5.10.2 A member must not disclose the analyses, opinions, or conclusions in an assignment to anyone other than:
     5.10.2.i. the client and those persons specifically authorized by the client to receive such information;

• that means that, unless there is written consent, the Appraiser can discuss the contents with no one except the client who is you if you ordred it, the bank if they ordered it, a purchaser if they ordered it, a spouse if s/he ordered it, etc.)