For honest and ethical appraisals, count on Atlantic Appraisal Solutions, LLCGenerally, appraising is a long term career. Requirements to become a licensed appraiser have increased more 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 rather than a trade. As with any profession we have a strict ethical code.
We have many responsibilities as appraisers, but our primary duty is 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 brought in to maintain independence. Appraisers are typically restricted to only disclosing their findings to their clients, so as a homeowner, if you desire a copy of an appraisal report, you generally have to get it through your lender instead of the appraiser.
Appraisers will frequently be required to consider the interests of third parties, such as homeowners, both sellers and buyers, or others. Normally the third parties are specifically defined in the appraisal report. An appraiser's fiduciary duty is limited to those parties who the appraiser is aware of, based on the scope of work or other written parameters of the assignment.
Appraisers also have rules outside of boundaries of clients and others. For example, appraisers must backup their work files for at least five years - something else Atlantic Appraisal Solutions, LLC diligently adheres to.
When working on an assignment, we follow the highest ethical standards possible. Accepting assignments where our fee is dependent on our value conclusion is never an option. That means we can't agree to do an appraisal report and base our pay upon coming up with a particular value conclusion. It should be apparent to anyone that inflating a value to achieve a bigger fee is unethical! We just don't do it.
Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") clearly defines 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" as well as other situations. We 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.
When you engage Atlantic Appraisal Solutions, LLC, we'll make sure you're getting the professional service you deserve along with the high ethical standards we're known for.