For honest and ethical appraisals, count on Harper Certified Appraisals, LLCWe think of our job as a profession. The rigors of becoming a licensed appraiser have increased more than ever in the past. That's why it goes without question in this day and age that real estate appraisal can certainly be dubbed a profession rather than a trade. As with any profession we have a strict ethical code.
An appraiser's chief responsibility is to their client.
Typically, for a standard residential appraisal, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client.
Certain matters relating to an assignment are to be shared with the appraiser's client. So, as
a homeowner, if you want to obtain a copy of the appraisal document, you generally should get it via your lender.
Appraisers can often have fiduciary responsibilities to third parties, such as homeowners, buyers and sellers, or others. Generally the third parties are explicitly defined in the appraisal report. An appraiser's fiduciary duty is only to those parties who the appraiser is aware of, based on the scope of work or other written parameters of the job.
There are also ethical standards that have nothing to do with whom we share information. For example, appraisers must backup their work files for a minimum of five years - at Harper Certified Appraisals, LLC you can rest assured that we abide by that rule.
We demand the highest ethical standards possible from ourselves. Doing assignments based on contingency fees is never an option. In other words, we don't agree to do an appraisal report and collect the fee only if the loan closes. It should be obvious that inflating a value to achieve a higher fee is unethical! We just don't do it.
Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") clearly defines 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 rest easy knowing we are going above and beyond to objectively determine the home or property value.
With Harper Certified Appraisals, LLC, you can be assured of 100 percent ethical, professional service.