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 For honest and ethical appraisals, rely on Quality Appraisals, LLC
We consider our job as a profession. Requirements to become a licensed appraiser have become more difficult than ever in the past. So it goes without question these days that real estate appraisal can certainly be considered a profession as opposed to a trade. As with any profession we must follow strict ethical considerations.
We have a lot of responsibilities as appraisers, but above everything we answer to our clients.
Typically, for a standard residential appraisal, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client.
Thereon, appraisers are typically restricted to only disclosing their findings to their clients, so as
a homeowner, if you would like to review an appraisal report, you generally should request it via your lender and not the appraiser.
Other obligations include accurate calculations appropriate to the nature of the report, attaining and maintaining a respectable level of competency and education, and naturally, the appraiser must bear a professional demeanor. Here at Quality Appraisals, LLC, we take these ethical responsibilities very to heart.
Appraisers may also have fiduciary responsibilities to third parties, such as homeowners, both sellers and buyers, or others. Those third parties normally are spelled out in the appraisal assignment itself. An appraiser's fiduciary role is only to those parties who the appraiser is aware of, based on the scope of work or other written parameters of the assignment.
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Quality Appraisals, LLC has worked hard for its track record for providing competent and ethically superior appraisals. To learn more, contact us. |
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Appraisers also have rules outside of boundaries of with whom we share information For example, appraisers must store their work files for a minimum of five years - something else Quality Appraisals, LLC makes a part of their standard routine.
We meet or exceed the industry standards and mandates set in place for professional behavior. We can't accept anything less from ourselves.
Doing assignments based on contingency fees is not something we can consider.
That is, we can't agree to do an appraisal report and collect payment on the contingency of the loan closing.
It should be obvious that fabricating a property's value to achieve essentially a bigger paycheck is unethical!
Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") clearly states unethical behavior as the acceptance 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 working hard to objectively determine the home or property value.
With Quality Appraisals, LLC, you can be assured of 100 percent ethical, professional service.
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