For honest and ethical appraisals, rely on ALSouth Appraisal Services LLCBy and large, appraising is a long term career. The rigors of becoming a licensed appraiser have increased more than ever before. That's why it goes without question in this day and age that real estate appraisal can certainly be considered a profession rather than a trade. In our field, as with any profession, we must follow strict ethical considerations.
An appraiser's chief obligation is to their client.
Most of the time, in residential practice, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client.
It follows that appraisers are typically restricted to only disclosing their findings to their clients, so as
a homeowner, if you would like to obtain a copy of the appraisal document, you normally have to request it via your lender and not the appraiser.
Appraisers may sometimes have fiduciary responsibilities to third parties, including homeowners, both buyers and sellers, or others. Typically the third parties are explicitly defined in the appraisal report. An appraiser's fiduciary role is limited to those third parties who the appraiser knows, based on the scope of work or other things in the framework of the job.
There are also ethical duties that have nothing to do with whom we share information. For example, appraisers must store their work files for at least five years - at ALSouth Appraisal Services LLC you can rest assured that we adhere to that rule.
We demand the highest ethical standards possible from ourselves. Working on orders where our fee is dependent on our value conclusion is never an option. That is, we can't agree to do an appraisal report and collect payment on the contingency of the loan closing. There's a definite conflict of interest if an appraiser can report an unsubstantiated value with the reward of getting paid more money!
Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") clearly 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 ALSouth Appraisal Services LLC, we'll make sure you're getting the professional service you expect along with the high ethical standards we're known for.