For honest and ethical appraisals, trust Precise Appraisals

The appraiser's primary responsibility is to their client. Typically, for a normal residential appraisal, 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. Subsequently, appraisers are privy to a lot of data, and like an attorney, can only discuss many of these matters with their client. As a homeowner, if you want to review an appraisal report, you normally have to request it from your lender instead of the appraiser.

Other responsibilities include numerical accuracy depending on the scope of the assignment, attaining and maintaining a respectable level of competency and education, and naturally, the appraiser must bear a professional demeanor. Here at Precise Appraisals, we take these ethical responsibilities very seriously.

In some cases appraisers will have fiduciary responsibilities to third parties, such as homeowners, sellers and buyers, or others. Generally the third parties are clearly defined in the appraisal report. An appraiser's fiduciary duty is restricted to those parties who the appraiser is aware of, based on the scope of work or other written parameters of the job.

	Precise Appraisals has worked hard for its reputation for providing appraisals with the highest of ethics. To learn more, contact us.

There are also ethical rules that have nothing to do with clients and others. For example, appraisers must keep their work files for at least five years - something else Precise Appraisals diligently adheres to.

We meet or exceed the industry standards and mandates set in place for ethics. We won't accept anything less from ourselves. Doing orders where our fee is dependent on our value conclusion is not something we can consider. That means we can't agree to do an appraisal report and get paid only if the loan closes. There's an obvious 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 states 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 working hard to provide an unbiased determination of the home or property value.

When you engage Precise Appraisals, we'll make sure you're getting the professional service you expect along with the principles we're known for.