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 Honesty and Integrity: Abacus Appraisal, Inc.
Typically, appraising is a long term career. The rigors of becoming a licensed appraiser have become more difficult than ever before. That's why it goes without question in this day and age that real estate appraisal can unquestionably be called a profession rather than a trade. As with any profession we have a strict ethical code.
We have a great deal of obligations as appraisers, but our main duty is to our clients.
More often than not, 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 hired in order to maintain independence.
Certain elements relating to an assignment are to be shared with the appraiser's client. As
a homeowner, if you desire to review an appraisal report, you normally should obtain it through your lender.
Other responsibilities include accurate figures appropriate to the parameters of the report, reaching and maintaining a respectable level of competency and education, and the appraiser must conduct him or herself as a professional. Here at Abacus Appraisal, Inc. , we take these ethical responsibilities very seriously.
There are some scenarios in which appraisers will have fiduciary responsibilities to third parties, such as homeowners, buyers and sellers, or others. Those third parties normally are listed in scope of the appraisal assignment itself. An appraiser's fiduciary duty is only to those parties who the appraiser knows, based on the scope of work or other things in the framework of the job.
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Abacus Appraisal, Inc. has an established track record for performing appraisals with the highest of ethics. To learn more, contact us. |
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There are also ethical duties that have nothing to do with whom we share information. For example, appraisers must backup their work files for a minimum of five years - at Abacus Appraisal, Inc. you can rest assured that we abide by that rule.
We demand the highest professional integrity possible from ourselves.
Accepting assignments based on contingency fees 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.
There's a definite conflict of interest if an appraiser can report an unsubstantiated value and then get paid more money!
We just don't do it.
Finally, the Uniform Standards of Professional Appraisal Practice also describes 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 going above and beyond to provide an unbiased determination of the home or property value.
With Abacus Appraisal, Inc. , you can be assured of 100 percent ethical, professional service.
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