Honesty and Integrity: ASC Professionals, LLCTypically, appraising is a long term career. The rigors of becoming a licensed appraiser have become more difficult than ever in the past. So it goes without question in this day and age that real estate appraisal can definitely be considered a profession as opposed to a trade. As with any profession we have a strict ethical code.
We have quite a few obligations as appraisers, but above everything we answer to our clients.
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's important to know that many matters relating to an assignment are to be shared with the appraiser's client. As
a homeowner, if you would like a copy of an appraisal report, you generally have to obtain it through your lender instead of the appraiser.
Other responsibilities include accurate sums appropriate to the parameters of the assignment, attaining and sustaining a particular level of competency and education, and the appraiser must conduct him or herself as a professional. Here at ASC Professionals, LLC, we take these ethical responsibilities very seriously.
In some cases appraisers will have fiduciary responsibilities to third parties, including homeowners, both 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 job.
|ASC Professionals, LLC has an established reputation for providing appraisals with the highest of ethics. To learn more, contact us.|
Appraisers also have rules outside of boundaries of clients and others. For example, appraisers must backup their work files for a minimum of five years - at ASC Professionals, LLC you can rest assured that we stick to that rule.
We require the highest ethical standards possible from ourselves. Working on assignments based on contingency fees is not something we can consider. In other words, we can't 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! This isn't how we operate.
Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") explicitly defines unethical behavior 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 working hard to provide an unbiased determination of the home or property value.
As soon as you order an appraisal from ASC Professionals, LLC, we'll make sure you're getting the professional service you deserve along with the high ethical standards we're known for.