 For honest and ethical appraisals, count on Accurate Appraisals (816) 351-2637By and large, appraising is a long term career. Requirements to become a licensed appraiser have become more difficult than ever before. That's why it goes without question in this day and age that real estate appraisal can certainly be dubbed a profession rather than a trade. As with any profession we must follow strict ethical considerations.
An appraiser's primary responsibility is to their client.
Normally, for a typical residential appraisal, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client.
Certain matters relating to an assignment are to be shared exclusively with the appraiser's client. So, as
a homeowner, if you desire a copy of an appraisal report, you normally have to get it through your lender and not the appraiser.
Appraisers may also have fiduciary obligations to third parties, such as homeowners, buyers and sellers, or others. Typically the third parties are clearly defined in the appraisal report. 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 order.
There are also ethical rules that have nothing to do with whom we share information. For example, appraisers must keep their work files for a minimum of five years - at Accurate Appraisals (816) 351-2637 you can rest assured that we abide by that rule. We demand the highest ethical standards possible from ourselves. Working on assignments where our fee is dependent on our value conclusion is never an option. That is, we don't agree to do an appraisal report and get paid only if the loan closes. It should be obvious that inflating a value to achieve what amounts to a higher paycheck is unethical! We set ourselves to a higher standard. Finally, the Uniform Standards of Professional Appraisal Practice clearly defines a violation in ethics 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 assured we are going above and beyond to objectively determine the home or property value. When you engage Accurate Appraisals (816) 351-2637, we'll make sure you're getting the professional service you expect along with the honesty and integrity we're known for. |
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