![]() For honest and ethical appraisals, rely on Attig Farm ManagementWe think of our job as a profession. Requirements to become a licensed appraiser have become more difficult than ever in the past. 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.
The appraiser's chief obligation is to their client.
Typically, for a standard residential appraisal, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client.
Appraisers have certain duties of confidentiality to their clients, plus many rules and regulations to which we must adhere. So, as
a homeowner, if you desire to obtain a copy of an appraisal report, you normally should obtain it from your lender.
Appraisers will regularly be required to consider the interests of third parties, including homeowners, buyers and sellers, or others. Generally the third parties are explicitly defined in the appraisal report. An appraiser's fiduciary duty is only to those third parties who the appraiser is aware of, based on the scope of work or other things in the framework of the assignment.
Appraisers also have standards outside of boundaries of with whom we share information For example, appraisers must store their work files for at least five years - something else Attig Farm Management makes a part of their standard routine. We demand the highest ethical standards possible from ourselves. Working on assignments where our fee is dependent on our value conclusion is not something we can consider. In other words, we are not able to agree to do an appraisal report and get paid only if the loan closes. It should be obvious that fabricating a home's value to achieve a higher paycheck is unethical! Finally, the Uniform Standards of Professional Appraisal Practice also describes 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" in addition to other situations We follow these rules to the letter which means you can be confident we are working hard to objectively determine the home or property value. With Attig Farm Management, you won't have any doubts that you're receiving 100 percent ethical, honest service. |