Honesty and Integrity: SACRAMENTO VALLEY APPRAISAL GRPWe consider what we do as a profession. Requirements to become a licensed appraiser have increased more than ever before. So it goes without question in this day and age that real estate appraisal can unquestionably be considered a profession as opposed to a trade. In our field, as with any profession, we must follow strict ethical considerations.
We have many obligations as appraisers, but our primary duty is to our clients.
Generally, for a standard residential appraisal, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client.
Subsequently, appraisers are typically limited to only disclosing their findings to their clients, so as
a homeowner, if you desire to obtain a copy of the appraisal document, you generally have to get it from your lender.
There are some scenarios in which appraisers will have fiduciary responsibilities to third parties, including homeowners, both sellers and buyers, or others. Those third parties normally are defined in the appraisal assignment itself. 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 assignment.
Appraisers also have rules outside of boundaries of with whom we share information For example, appraisers must keep their work files for at least five years - something else SACRAMENTO VALLEY APPRAISAL GRP makes a part of their standard routine.
When creating reports, we follow the highest ethical standards possible. Working on assignments based on contingency fees is not something we can consider. In other words, we are not able to agree to do an appraisal report and collect the fee only if the loan closes. Anyone should be able to see that fabricating a home's value to achieve a higher paycheck is unethical!
Finally, the Uniform Standards of Professional Appraisal Practice 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" as well as other situations. We diligently follow these rules to the letter which means you can rest easy knowing we are doing everything we can to get you an accurate home or property value.
With SACRAMENTO VALLEY APPRAISAL GRP, you can be assured of 100 percent ethical, professional service.