Diamondback Appraisal & Consulting, Inc. upholds the highest professional ethics
Appraising is generally a long term career. The rigors of becoming a licensed appraiser have increased more than ever before. So it goes without question these days that real estate appraisal can definitely be called a profession as opposed to a trade. As with any profession we are bound by ethical considerations.
The appraiser's main obligation is to their client. Typically, in residential practice, the appraiser's client is the lender ordering the appraisal. Appraisers are privy to a lot of data, and like an attorney can only discuss many matters with their client. As a homeowner, if you want to obtain a copy of an appraisal report, you generally have to get it through your lender. Other obligations also include, accurate figures appropriate to the scope of the report, acquiring and sustaining an adequate level of competency and education, and the appraiser must conduct him or herself as a professional. Here at Diamondback Appraisal & Consulting, Inc., we take these ethical responsibilities very to heart.
Diamondback Appraisal & Consulting, Inc. has worked hard for its reputation for performing competent and ethically superior appraisals. To learn more Contact us
Appraisers will often be obligated to consider the interests of third parties, such as homeowners, both sellers and buyers, or others. Typically the third parties are clearly defined in the appraisal report. An appraiser's fiduciary roll is only to those third parties who the appraiser knows, based on the scope of work or other things in the framework of the order.
There are also ethical duties that have nothing to do with clients and others. For example, appraisers must be able to produce their work files for a minimum of five years - something else Diamondback Appraisal & Consulting, Inc. takes very seriously.
When busy with an order, we follow the highest ethical standards possible. We never do assignments on contingency fees. That is, we don't agree to do an appraisal report and collect payment on the contingency of the loan closing. We don't do assignments on percentage fees. That is perhaps the appraisal industries biggest taboo, because it would invite appraisal fraud since raising the value of the home would up the their paycheck. We don't do that. Other unethical practices may be defined by state law or professional organizations to which an appraiser belongs.
The Uniform Standards of Professional Appraisal Practice (USPAP) also 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," "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 doing everything we can to provide an unbiased determination of the home or property value.
With Diamondback Appraisal & Consulting, Inc., you won't have any doubts that you're receiving 100 percent ethical, honest service.