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 Honesty and Integrity: Graham Appraisal, Inc.
We think of our job as a profession. The rigors of becoming a licensed appraiser have become more difficult than ever before. That's why it goes without question these days 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 primary obligation is to their client.
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 hired in order to maintain independence.
Consequently, appraisers are typically restricted to only disclosing information to their clients, so as
a homeowner, if you would like to obtain a copy of an appraisal report, you generally have to get it from your lender.
Other responsibilities include accurate sums appropriate to the scope of the assignment, reaching and keeping a particular level of competency and education, and naturally, the appraiser must bear a professional demeanor. Here at Graham Appraisal, Inc., we take these ethical responsibilities very seriously.
Appraisers will regularly be required to consider the interests of third parties, such as homeowners, both buyers and sellers, or others. Those third parties normally are listed in the appraisal assignment itself. An appraiser's fiduciary role is limited to those parties who the appraiser knows, based on the scope of work or other things in the framework of the assignment.
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Graham Appraisal, Inc. has worked hard for its track record for providing appraisals with the highest of ethics. To learn more, contact us. |
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Appraisers also have duties outside of boundaries of clients and others. For example, appraisers must backup their work files for at least five years - at Graham Appraisal, Inc. you can rest assured that we adhere to that rule.
We require the highest ethical standards possible from ourselves.
Accepting orders where our fee is dependent on our value conclusion is not something we can consider.
In other words, we can't agree to do an appraisal report and collect the fee only if the loan closes.
It should be apparent to anyone that inflating a value to achieve a bigger paycheck is unethical!
This isn't how we operate.
Finally, the Uniform Standards of Professional Appraisal Practice explicitly 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" in addition to other situations We follow these rules to the letter which means you can be confident we are doing everything we can to provide an unbiased determination of the home or property value.
With Graham Appraisal, Inc., you can be assured of 100 percent ethical, professional service.
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