For honest and ethical appraisals, trust Wilson Appraisal Group, LLCGenerally, appraising is a long term career. The rigors of becoming a licensed appraiser have become more difficult than ever before. So it goes without question these days 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.
An appraiser's primary responsibility is to their client.
Typically, in residential practice, the appraiser's client is the lender ordering the appraisal, and often the appraisal is ordered by a third party the lender has retained to maintain independence.
Certain elements pertaining to an assignment are to be discussed with the appraiser's client. So, as
a homeowner, if you want a copy of the appraisal document, you normally have to get it from your lender and not the appraiser.
In some cases appraisers will have fiduciary responsibilities to third parties, including homeowners, both buyers and sellers, or others. Those third parties normally are spelled out in scope of the appraisal assignment itself. An appraiser's fiduciary duty is only to those third 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 be able to produce their work files for at least five years - at Wilson Appraisal Group, LLC you can rest assured that we abide by that rule.
We meet or exceed the industry standards and guidelines set in place for ethics. We refuse to accept anything less from ourselves. Doing orders based on contingency fees is never an option. In other words, we don't agree to do an appraisal report and get paid only if the loan closes. There's an obvious conflict of interest if an appraiser can report an unsubstantiated value and then get paid more money!
Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") clearly describes 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 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.
When you engage Wilson Appraisal Group, LLC, we'll make sure you're getting the professional service you expect along with the high ethical standards we're known for.
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