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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
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.