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 For honest and ethical appraisals, rely on Anderson & Associates
Appraising is a profession, and appraisers are professionals. Requirements to become a licensed appraiser have increased more 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 as opposed to a trade. In our field, as with any profession, we must follow strict ethical considerations.
We have quite a few responsibilities as appraisers, but first and foremost we answer to our clients.
Generally, for a typical residential appraisal, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client.
Subsequently, appraisers have certain duties of confidentiality to their clients, plus many rules and regulations controlling with whom we share information. So, as
a homeowner, if you would like a copy of an appraisal report, you normally should obtain it via your lender and not the appraiser.
Other obligations include accurate sums appropriate to the parameters of the assignment, acquiring and keeping an appropriate level of competency and education, and the appraiser must conduct him or herself as a professional. Maintaining high ethics and client confidentiality is standard operating procedure for us at Anderson & Associates.
There are some scenarios in which appraisers will have fiduciary responsibilities to third parties, such as homeowners, both buyers and sellers, or others. Typically the third parties are explicitly defined in the appraisal report. An appraiser's fiduciary role is limited to those third parties who the appraiser knows, based on the scope of work or other things in the framework of the order.
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Anderson & Associates has an established track record for producing competent and ethically superior appraisals. Contact us today to learn more. |
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Appraisers also have duties outside of boundaries of clients and others. For example, appraisers must keep their work files for at least five years - something else Anderson & Associates makes a part of their standard routine.
We meet or exceed the industry standards and rules set in place for professional behavior. We can't accept anything less from ourselves.
Doing assignments based on contingency fees is never an option.
That means we can't agree to do an appraisal report and base our pay upon coming up with a particular value conclusion.
It should be obvious that fabricating a property's value to achieve a bigger fee is unethical!
Finally, the Uniform Standards of Professional Appraisal Practice also defines 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 at ease knowing we are working hard to objectively determine the home or property value.
With Anderson & Associates, you won't have any doubts that you're receiving 100 percent ethical, professional service.
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