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rightAppraiser Ethics
Appraisal is a profession, and appraisers are professionals. In our field as with any profession we are bound by ethical considerations.

An appraiser's primary responsibility is to his or her client, which is typically a lender ordering an appraisal to decide whether to make a mortgage loan. In addition, appraisers have certain duties of confidentiality to their clients which include, but are not limited to, obligations of numerical accuracy depending on the assignment parameters, an obligation to attain and maintain a certain level of competency and education, and generally conducting himself or herself as a professional. Here, we take these ethical responsibilities very seriously.

Appraisers may also have fiduciary obligations to third parties such as realtors, homeowners, buyers and sellers, etc.  Those third parties normally are spelled out in the appraisal assignment itself. An appraiser's fiduciary duty is limited to those third parties who the appraiser knows, based on the scope of work or other written parameters of the assignment.

I only perform to the highest ethical standards possible. I do not accept assignments based on contingency fees. That is, I don't agree to do an appraisal report and get paid only if the loan closes. I do not accept assignments based on percentage fees. That is probably the appraisal profession’s biggest no-no, because it would tend to make appraisers inflate the value of homes or properties to increase their paycheck. Other unethical practices may be defined by state law or professional societies to which an appraiser belongs.

The Uniform Standards of Professional Appraisal Practice (USPAP) also defines as unethical 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," and other things.  This means you can be assured I am working to objectively determine the home or property value. You can be assured of 100 percent ethical, professional service.

 

The counties I cover include the following: Collin County, Dallas County, Denton County, Grayson County, Ellis County, Hunt County, Johnson County, Kaufman County, Parker County, Rockwall County, Tarrant County, and Wise County.

The cities I cover include, but are not limited to, the following: Allen, Anna, Arlington, Bedford, Carrollton, Cedar Hill, Coppell, Dallas, Denton, Desoto, Duncanville, Euless, Farmers Branch, Flower Mound, Fort Worth, FRISCO, Garland, Grand Prairie, Highland Park, Highland Village, Irving, Lake Dallas, Lancaster, Lewisville, Little Elm, Lucas, McKinney, Melissa, Mesquite, Murphy, Parker, Plano, Richardson, Rockwall, Rowlett, Sachse, Sherman, The Colony, University Park and Wylie. 

 

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If you have any questions or comments, feel free to let me know and I'll get back to you within 24 hours.

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