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 Enterprise Appraisals, LLC upholds the utmost professional ethics
Appraising is a profession, and appraisers are professionals. The rigors of becoming a licensed appraiser have increased more than ever in the past. That's why it goes without question these days that real estate appraisal can certainly be dubbed a profession rather than a trade. In our field, as with any profession, we must follow strict ethical considerations.
An appraiser's primary responsibility is to their client.
Most of the time, in residential practice, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client.
Consequently, appraisers have certain duties of confidentiality to their clients, plus strict rules and regulations to which we must adhere. So, as
a homeowner, if you desire to review the appraisal document, you normally should request it via your lender and not the appraiser.
Other responsibilities include numerical accuracy depending on the scope of the assignment, acquiring and keeping an adequate level of competency and education, and of course, the appraiser must behave in a professional manner. Maintaining high ethics is what we do every day at Enterprise Appraisals, LLC.
Appraisers may often have fiduciary responsibilities to third parties, such as homeowners, buyers and sellers, or others. Normally the third parties are specifically defined in the appraisal report. An appraiser's fiduciary responsibility is restricted to those parties who the appraiser is aware of, based on the scope of work or other things in the framework of the job.
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Enterprise Appraisals, LLC has worked hard for its track record for producing appraisals with the highest of ethics. To learn more, contact us. |
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There are also ethical standards 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 Enterprise Appraisals, LLC you can rest assured that we adhere to that rule.
We meet or exceed the industry standards and rules set in place for professional behavior. We won't accept anything less from ourselves.
Accepting assignments where our fee is dependent on our value conclusion is not something we can consider.
In other words, we don't agree to do an appraisal report and collect payment on the contingency of the loan closing.
It should be apparent to anyone that inflating a value to achieve a higher fee is unethical!
This isn't how we operate.
Finally, the Uniform Standards of Professional Appraisal Practice explicitly 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" as well as other situations. We follow these rules to the letter which means you can rest easy knowing we are working hard to get you an accurate home or property value.
With Enterprise Appraisals, LLC, you won't have any doubts that you're receiving 100 percent ethical, honest service.
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