|
|
 Honesty and Integrity: Appraisal Options, Inc.
Typically, appraising is a long term career. Requirements to become a licensed appraiser have become more difficult than ever in the past. That's why it goes without question these days that real estate appraisal can definitely be considered a profession as opposed to a trade. In our field, as with any profession, we are bound by ethical considerations.
We have a lot of obligations as appraisers, but first and foremost we answer to our clients.
Typically, in residential practice, the appraiser's client is the lender ordering the appraisal, and often the appraisal is ordered by a third party the lender has brought in to maintain independence.
Subsequently, appraisers are typically limited to only disclosing their findings to their clients, so as
a homeowner, if you desire to obtain a copy of an appraisal report, you normally have to obtain it via your lender and not the appraiser.
Other obligations include accurate calculations appropriate to the nature of the report, acquiring and sustaining a particular level of competency and education, and of course, the appraiser must behave in a professional manner. Here at Appraisal Options, Inc., we take these ethical responsibilities very to heart.
Appraisers may sometimes have fiduciary obligations to third parties, such as homeowners, both buyers and sellers, or others. Those third parties normally are defined in scope of the appraisal assignment itself. An appraiser's fiduciary duty is only to those parties who the appraiser is aware of, based on the scope of work or other things in the framework of the assignment.
 |
 |
 |
Appraisal Options, Inc. has an established track record for providing appraisals with the highest of ethics. Contact us today to learn more. |
|
|
Appraisers also have standards outside of boundaries of with whom we share information For example, appraisers must store their work files for a minimum of five years - at Appraisal Options, Inc. you can rest assured that we adhere to that rule.
When creating reports, we follow the highest ethical standards possible.
Doing assignments where our fee is dependent on our value conclusion is not something we can consider.
That is, we don't agree to do an appraisal report and base our pay upon coming up with a particular value conclusion.
It should be obvious that inflating a value to achieve essentially a higher fee is unethical!
Finally, the Uniform Standards of Professional Appraisal Practice also states a violation in ethics as accepting of an assignment that is contingent on "the reporting of a pre-determined result (e.g., opinion of value)", "a direction in assignment results that favors the cause of the client", or "the amount of a value opinion" as well as other situations. We diligently follow these rules to the letter which means you can rest easy knowing we are working hard to objectively determine the home or property value.
When you order an appraisal from Appraisal Options, Inc., we'll make sure you're getting the professional service you deserve along with the principles we're known for.
|
|
