 Golden Appraisals LLC upholds the utmost professional ethicsWe consider our job as a profession. The rigors of becoming a licensed appraiser have increased more than ever in the past. So it goes without question these days that real estate appraisal can definitely be dubbed a profession as opposed to a trade. As with any profession we are bound by an ethical code.
We have many obligations as appraisers, but above everything we answer to our clients.
Typically, for a normal residential appraisal, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client.
It's important to know that a lot of matters relating to an assignment are to be discussed exclusively with the appraiser's client. As
a homeowner, if you desire a copy of the appraisal document, you generally have to obtain it from your lender and not the appraiser.
Appraisers may sometimes have fiduciary responsibilities to third parties, including homeowners, sellers and buyers, or others. Those third parties normally are spelled out in the appraisal assignment itself. An appraiser's fiduciary role is restricted to those parties who the appraiser is aware of, based on the scope of work or other written parameters of the assignment.
Appraisers also have standards outside of boundaries of clients and others. For example, appraisers must backup their work files for at least five years - something else Golden Appraisals LLC diligently adheres to. We require the highest ethical standards possible from ourselves. Accepting orders based on contingency fees is not something we can consider. 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 apparent to anyone that inflating a value to achieve a bigger fee is unethical! We just don't do it. Finally, the Uniform Standards of Professional Appraisal Practice also 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 follow these rules to the letter which means you can be confident we are going above and beyond to get you an accurate home or property value. As soon as you engage Golden Appraisals LLC, we'll make sure you're getting the professional service you deserve along with the honesty and integrity we're known for. |
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