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 For honest and ethical appraisals, trust Phoenix Valuations, LLC
Generally, appraising is a long term career. The rigors of becoming a licensed appraiser have become more difficult than ever in the past. That's why it goes without question in this day and age that real estate appraisal can definitely be dubbed a profession as opposed to a trade. In our field, as with any profession, we have a strict ethical code.
We have a lot of obligations as appraisers, but above everything we answer 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.
Certain elements pertaining to an assignment are to be discussed exclusively with the appraiser's client. So, as
a homeowner, if you desire to review an appraisal report, you normally should obtain it from your lender and not the appraiser.
Other obligations include accurate calculations appropriate to the nature of the report, attaining and keeping a certain level of competency and education, and the appraiser must conduct him or herself as a professional. Maintaining high ethics is just normal course of business for us at Phoenix Valuations, LLC.
Appraisers will frequently need to consider the interests of third parties, including homeowners, both buyers and sellers, or others. Those third parties normally are defined in scope of the appraisal assignment itself. An appraiser's fiduciary responsibility is limited to those parties who the appraiser is aware of, based on the scope of work or other written parameters of the job.
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Phoenix Valuations, LLC has an established track record for completing competent and ethically superior appraisals. To learn more, contact us. |
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Appraisers also have duties outside of boundaries of clients and others. For example, appraisers must store their work files for a minimum of five years - something else Phoenix Valuations, LLC diligently adheres to.
We meet or exceed the industry standards and guidelines set in place for professional behavior. We can't accept anything less from ourselves.
Accepting orders based on contingency fees is not something we can consider.
That means we don't agree to do an appraisal report and collect payment on the contingency of the loan closing.
It should be apparent to anyone that inflating a value to achieve what amounts to a higher fee is unethical!
We set ourselves to a higher standard.
Finally, the Uniform Standards of Professional Appraisal Practice explicitly states unethical behavior as accepting 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 confident we are working hard to objectively determine the home or property value.
With Phoenix Valuations, LLC, you can be assured of 100 percent ethical, professional service.
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