Appraisal Group One upholds the highest professional ethics

An appraiser's main obligation is to their client. Typically, in residential practice, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client. Thereon, appraisers are typically limited to only disclosing information to their clients, so as a homeowner, if you desire to review an appraisal report, you normally have to request it via your lender instead of the appraiser.

Other responsibilities include accurate sums appropriate to the nature of the assignment, reaching and maintaining an adequate level of competency and education, and naturally, the appraiser must bear a professional demeanor. Here at Appraisal Group One, we take these ethical responsibilities very to heart.

Appraisers will regularly be obligated to consider the interests of third parties, such as homeowners, both buyers and sellers, or others. Those third parties normally are spelled out in scope of the appraisal assignment itself. An appraiser's fiduciary roll is only to those parties who the appraiser knows, based on the scope of work or other things in the framework of the order.

	Appraisal Group One has an established reputation for completing appraisals with the highest of ethics. To learn more, contact us.

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 - something else Appraisal Group One makes a part of their standard routine.

While working on an order, we follow the highest ethical standards possible. Doing assignments based on contingency fees is not something we can consider. In other words, we are not able to agree to do an appraisal report and collect the fee only if the loan closes. There's certainly a conflict of interest if an appraiser can report an unsubstantiated value and then get paid more money!

Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") clearly describes 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 rest easy knowing we are working hard to objectively determine the home or property value.

As soon as you engage Appraisal Group One, we'll make sure you're getting the professional service you expect along with the high ethical standards we're known for.