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Honesty and Integrity. We have quite a few responsibilities as appraisers, but our chief 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 retained to maintain independence. Thereon, appraisers have certain duties of privacy to their clients, plus many rules and regulations controlling with whom we share information. So, as a homeowner, if you would like to review the appraisal document, you normally have to request it from your lender.

Other obligations include numerical accuracy depending on the assignment's nature, acquiring and sustaining an appropriate level of competency and education, and the appraiser must conduct him or herself as a professional. Here at Priority Appraisal, LLC, we take these ethical responsibilities very to heart.

Appraisers may regularly have fiduciary obligations to third parties, including homeowners, both sellers and buyers, or others. Those third parties normally are listed in scope of the appraisal assignment itself. An appraiser's fiduciary role is limited to those parties who the appraiser is aware of, based on the scope of work or other things in the framework of the order.

Priority Appraisal, LLC has an established reputation for providing competent and ethically superior appraisals. Contact us today to learn more.

Appraisers also have standards outside of boundaries of clients and others. We meet or exceed the industry standards and mandates set in place for professional behavior. We can't accept anything less from ourselves. Completing orders based on contingency fees is never an option. In other words, we don't agree to complete an appraisal report and collect payment on the contingency of the loan closing. It should be obvious that fabricating a home's value to achieve a higher fee is unethical! We just don't do it.

Finally, the Uniform Standards of Professional Appraisal Practice explicitly describes a violation in ethics 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 diligently follow these rules to the letter which means you can be confident we are working hard to get you an accurate home or property value.

As soon as you request an appraisal from Priority Appraisal, LLC, we'll make sure you're getting the professional service you deserve along with the honesty and integrity we're known for.

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Professionalism

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Appraiser Licensing

Appraiser licensing varies from state to state. An appraiser must be licensed or certified by his or her state. The license or certification is evidence that the appraiser has performed a certain number of hours as a trainee under the supervision of a practicing appraiser, passed an examination, and completed a certain number of hours of Continuing Education Training.

 
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FHA/HUD Approved

Our appraisers our on the FHA Roster of approved residential appraisers. We're qualified and approved to do appraisals for FHA insured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

Proven Results

When it comes to appraising, there is no room for error. Often lives are impacted by the outcome of a professional appraisal. When searching for an appraiser consider those with professional affiliations which offer many benefits to include additional education. Often recognized appraisal designations have requirments that extend well beyond state licensing and certification. Your investigation of an appraiser's integrity through state licensing agencies, professional organizations, and past clients, will provide you with peace of mind in knowing that you have engaged a true professional to assist in meeting your real estate needs.


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