Charles Keim''s Appraisal Services upholds the highest professional ethics
We consider our our business a profession. Requirements to become a licensed appraiser have increased more than ever before. So it goes without question these days that real estate appraisal can certainly be considered a profession rather than a trade. In our field, as with any profession, we have a strict ethical code.
We have a lot of obligations as appraisers but above everything we answer to our clients. Generally, in residential practice, the appraiser's client is the lender ordering the appraisal. Certain matters pertaining to an assignment can only be discussed with an appraiser's client. As a a homeowner, if you would like to obtain a copy of an appraisal report, you generally have to get it from your lender. Other obligations also include, accurate figures appropriate to the scope of the report, reaching and maintaining an appropriate level of competency and education, and of course, the appraiser must behave in a professional manner. Here at Charles Keim's Appraisal Services, I take these ethical responsibilities very seriously.
Charles Keim's Appraisal Services has an established track record for producing appraisals with the highest of ethics. Contact us today to learn more.
Appraisers will often be obligated to consider the interests of third parties, such as homeowners, sellers and buyers, or others. Normally the third parties are explicitly defined in the appraisal report. An appraiser's fiduciary duty is limited to those parties who the appraiser knows, based on the scope of work or other things in the framework of the assignment.
Appraisers also have rules outside of boundaries of clients and others. For example, appraisers must store their work files for at least five years - at Charles Keim's Appraisal Services you can rest assured that we abide by that rule.
Charles Keim's Appraisal Services holds itself to the industry standards and mandates set in place for ethics. I won't accept anything less from myself. I never do assignments on contingency fees. That is, I can't agree to do an appraisal report and collect the fee only if the loan closes. Another practice that's restricted is doing assignments on percentage fees. That is perhaps the appraisal professions biggest taboo, because it would tend to make appraisers up the value of homes or properties to increase their paycheck. I set myself to a higher standard. Other unprofessional practices may be defined by state law or professional societies that the appraiser belongs.
The Uniform Standards of Professional Appraisal Practice (USPAP) also 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," "the amount of a value opinion," as well as other situations. We diligently follow these rules to the letter which means you can be assured we are going above and beyond to provide an unbiased determination of the home or property value.
With Charles Keim's Appraisal Services, you can be assured of 100 percent ethical, professional service.
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