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 For honest and ethical appraisals, rely on Crescent Appraisal Group, Inc.
We consider our business as a profession. The rigors of becoming a licensed appraiser have become more difficult than ever before. So it goes without question in this day and age that real estate appraisal can certainly be called a profession as opposed to a trade. In our field, as with any profession, we are bound by ethical considerations.
We have a lot of responsibilities as appraisers, but our primary duty is to our clients.
Normally, for a typical residential appraisal, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client.
It follows that appraisers are typically limited to only disclosing their findings to their clients, so as
a homeowner, if you desire to review an appraisal report, you normally have to request it via your lender instead of the appraiser.
Other obligations include accurate calculations appropriate to the scope of the report, acquiring and keeping a respectable level of competency and education, and the appraiser must conduct him or herself as a professional. Here at Crescent Appraisal Group, Inc., we take these ethical responsibilities very to heart.
There are some scenarios in which appraisers will have fiduciary responsibilities to third parties, including homeowners, both buyers and sellers, or others. Normally the third parties are clearly defined in the appraisal report. An appraiser's fiduciary responsibility is only to those third parties who the appraiser knows, based on the scope of work or other written parameters of the assignment.
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Crescent Appraisal Group, Inc. has an established reputation for completing appraisals with the highest of ethics. To learn more, contact us. |
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There are also ethical rules that have nothing to do with clients and others. For example, appraisers must backup their work files for a minimum of five years - something else Crescent Appraisal Group, Inc. takes very seriously.
We meet or exceed the industry standards and guidelines set in place for professional behavior. We won't accept anything less from ourselves.
Accepting orders based on contingency fees is never an option.
In other words, we can't agree to do an appraisal report and base our pay upon coming up with a particular value conclusion.
It should be obvious that inflating a value to achieve what amounts to a higher paycheck is unethical!
We set ourselves to a higher standard.
Finally, the Uniform Standards of Professional Appraisal Practice (or simply "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", 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 going above and beyond to get you an accurate home or property value.
With Crescent Appraisal Group, Inc., you won't have any doubts that you're receiving 100 percent ethical, professional service.
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