 Honesty and Integrity: Sterling Appraisal Services, LLCAppraising is typically a long term career. The rigors of becoming a licensed appraiser have become more difficult than ever in the past. That's why it goes without question these days that real estate appraisal can certainly be considered a profession as opposed to a trade. As with any profession we have a strict ethical code.
An appraiser's chief responsibility is to their client.
Generally, for a standard 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 certain elements relating to an assignment are to be discussed exclusively with the appraiser's client. So, as
a homeowner, if you would like a copy of the appraisal document, you normally should obtain it through your lender instead of the appraiser.
Appraisers may often have fiduciary responsibilities to third parties, including homeowners, buyers and sellers, or others. Typically the third parties are specifically defined in the appraisal report. An appraiser's fiduciary role 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.
Appraisers also have duties outside of boundaries of clients and others. For example, appraisers must backup their work files for at least five years - something else Sterling Appraisal Services, LLC takes very seriously. We only perform to the highest ethical standards possible. Working on assignments based on contingency fees is never an option. In other words, we can't agree to do an appraisal report and collect payment on the contingency of the loan closing. There's a definite 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 also describes 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" in addition to other situations We diligently follow these rules to the letter which means you can rest easy knowing we are going above and beyond to get you an accurate home or property value. When you request an appraisal from Sterling Appraisal Services, LLC, we'll make sure you're getting the professional service you deserve along with the high ethical standards we're known for. |
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