|
|
 AVR Appraisals, LLC upholds the highest professional ethics
We think of our job as a profession. Requirements to become a licensed appraiser have increased more than ever before. That's why it goes without question these days that real estate appraisal can unquestionably be dubbed a profession as opposed to a trade. In our field, as with any profession, we must follow strict ethical considerations.
We have many obligations as appraisers, but above everything we answer to our clients.
Most of the time, for a regular residential appraisal, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client.
It follows that appraisers are typically restricted to only disclosing their findings to their clients, so as
a homeowner, if you want to review the appraisal document, you normally should get it via your lender instead of the appraiser.
Other obligations include numerical accuracy depending on the assignment parameters, reaching and maintaining a particular level of competency and education, and the appraiser must conduct him or herself as a professional. Here at AVR Appraisals, LLC, we take these ethical responsibilities very seriously.
Appraisers can sometimes have fiduciary responsibilities to third parties, including homeowners, both sellers and buyers, or others. Those third parties normally are listed in the appraisal assignment itself. An appraiser's fiduciary responsibility is only to those parties who the appraiser knows, based on the scope of work or other things in the framework of the order.
 |
 |
 |
AVR Appraisals, LLC has worked hard for its track record for producing appraisals with the highest of ethics. To learn more, contact us. |
|
|
There are also ethical duties that have nothing to do with clients and others. For example, appraisers must store their work files for a minimum of five years - something else AVR Appraisals, LLC makes a part of their standard routine.
We only perform to the highest ethical standards possible.
Doing orders based on contingency fees is never an option.
That is, we are not able to agree to do an appraisal report and collect the fee only if the loan closes.
There's an obvious conflict of interest if an appraiser can report a greater value with the reward of getting paid more money!
We set ourselves to a higher standard.
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" as well as other situations. We diligently follow these rules to the letter which means you can be assured we are working hard to get you an accurate home or property value.
When you engage AVR Appraisals, LLC, we'll make sure you're getting the professional service you deserve along with the high ethical standards we're known for.
|
|
