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 Honesty and Integrity: Lane Appraisal Services, LLC
Appraising is a profession, and appraisers are professionals. Requirements to become a licensed appraiser have increased more than ever before. That's why it goes without question these days that real estate appraisal can definitely be dubbed a profession rather than a trade. In our field, as with any profession, we are bound by ethical considerations.
We have many responsibilities as appraisers, but our primary duty is to our clients.
Typically, in residential practice, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client.
Appraisers have certain duties of confidentiality to their clients, plus strict rules and regulations to which we must adhere. As
a homeowner, if you desire a copy of the appraisal document, you generally have to obtain it through your lender and not the appraiser.
Other obligations include accurate calculations appropriate to the nature of the assignment, attaining and keeping a respectable level of competency and education, and naturally, the appraiser must bear a professional demeanor. Maintaining high ethics is what we do every day at Lane Appraisal Services, LLC.
Appraisers will regularly be obligated to consider the interests of third parties, including homeowners, sellers and buyers, or others. Those third parties normally are spelled out in the appraisal assignment itself. An appraiser's fiduciary responsibility is only to those third parties who the appraiser knows, based on the scope of work or other things in the framework of the assignment.
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Lane Appraisal Services, LLC has worked hard for its track record for performing competent and ethically superior appraisals. Contact us today to learn more. |
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There are also ethical standards that have nothing to do with whom we share information. For example, appraisers must backup their work files for at least five years - at Lane Appraisal Services, LLC you can rest assured that we adhere to that rule.
When busy with an order, we follow the highest ethical standards possible.
Doing assignments where our fee is dependent on our value conclusion is never an option.
In other words, we are not able to agree to do an appraisal report and base our pay upon coming up with a particular value conclusion.
Anyone should be able to see that fabricating a property's value to achieve what amounts to a higher fee is unethical!
Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") also 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" in addition to other situations We diligently follow these rules to the letter which means you can be assured we are doing everything we can to objectively determine the home or property value.
With Lane Appraisal Services, LLC, you won't have any doubts that you're receiving 100 percent ethical, professional service.
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