Honesty and Integrity: Appraisal Trust Company, LLC
By and large, appraising is a long term career. The rigors of becoming a certified appraiser have been become more difficult than ever in the past. In our field, as with any profession, we are bound by an ethical code.
The appraiser's primary responsibility is to their client. Typically, in residential practice, the appraiser's client is the lender ordering the appraisal, and often the appraisal is ordered by a third party the lender has contracted in order to maintain independence. It follows that appraisers are typically limited to only disclosing their findings to their clients, so as a homeowner, if you would like a copy of an appraisal report, you normally should obtain it from your lender and not the appraiser.
Appraisers can regularly have fiduciary obligations to third parties, including homeowners, sellers and buyers, or others. Those third parties normally are defined in scope of the appraisal assignment itself. An appraiser's fiduciary role is only to those third parties who the appraiser knows, based on the scope of work or other things in the framework of the job.
There are also ethical duties that have nothing to do with clients and others. For example, appraisers must be able to produce their work files for at least five years - at Appraisal Trust Company, LLC you can rest assured that we abide by that rule.
We only perform to the highest ethical standards possible. Doing assignments where our fee is dependent on our value conclusion is never an option. That is, we can't agree to do an appraisal report and base our pay upon coming up with a particular value conclusion. Anyone should be able to see that inflating a value to achieve essentially a bigger paycheck is unethical!
Finally, the Uniform Standards of Professional Appraisal Practice also defines a violation in ethics as accepting 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 going above and beyond to get you an accurate home or property value.
With Appraisal Trust Company, LLC, you can be assured of 100 percent ethical, professional service.