 For honest and ethical appraisals, rely on Integrity Appraisal Service LLCTypically, 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 in this day and age that real estate appraisal can unquestionably be considered a profession rather than a trade. As with any profession we are bound by ethical considerations.
An appraiser's main obligation is to their client.
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.
Appraisers have certain duties of confidentiality to their clients, plus many rules and regulations to which we must adhere. So, as
a homeowner, if you desire to obtain a copy of the appraisal document, you normally have to get it through your lender and not the appraiser.
Appraisers may regularly have fiduciary obligations to third parties, such as homeowners, both buyers and sellers, or others. Those third parties normally are defined in the appraisal assignment itself. An appraiser's fiduciary role is limited to those third parties who the appraiser is aware of, based on the scope of work or other written parameters of the assignment.
Appraisers also have rules outside of boundaries of clients and others. For example, appraisers must be able to produce their work files for a minimum of five years - something else Integrity Appraisal Service LLC makes a part of their standard routine. We require the highest ethical standards possible from ourselves. Working on assignments based on contingency fees is never an option. In other words, we are not able to agree to do an appraisal report and base our pay upon coming up with a particular value conclusion. It should be apparent to anyone that inflating a value to achieve essentially a bigger paycheck is unethical! Finally, the Uniform Standards of Professional Appraisal Practice clearly describes unethical behavior 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" in addition to other situations We diligently follow these rules to the letter which means you can be confident we are going above and beyond to get you an accurate home or property value. When you order an appraisal from Integrity Appraisal Service LLC, we'll make sure you're getting the professional service you deserve along with the principles we're known for. |
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