Newberry Appraisal Services, LLC upholds the utmost professional ethics

Appraising is typically a long term career. Requirements to become a licensed appraiser have increased more than ever before. So it goes without question these days that real estate appraisal can unquestionably be dubbed a profession rather than a trade. As with any profession we are bound by ethical considerations.

We have a great deal of obligations as appraisers but above everything we answer to our clients. Most of the time, in residential practice, the appraiser's client is the lender ordering the appraisal. Appraisers have certain duties of confidentiality to their clients, and as a homeowner, if you would like a copy of the appraisal document, you should get it from your lender. Other responsibilities also include, numerical accuracy depending on the assignment's nature, attaining and maintaining a particular level of competency and education, and the appraiser must conduct him or herself as a professional. Here at Newberry Appraisal Services, LLC, these ethical responsibilities are very much taken to heart.

In some cases appraisers will have fiduciary responsibilities to third parties, such as homeowners, both buyers and sellers, or others. Those third parties normally are defined in the appraisal assignment itself. An appraiser's fiduciary responsibility is only to those parties who the appraiser is aware of, based on the scope of work or other written parameters of the assignment.

There are also ethical duties that have nothing to do with clients and others. For example, appraisers must keep their work files for at least five years - at Newberry Appraisal Services, LLC you can rest assured that this rule is followed.

I demand the highest professional integrity possible from myself.  I don't do assignments on contingency fees. That is, I don't agree to do an appraisal report and get paid only if the loan closes, or only if a target value is met. Another practice that's restricted is doing assignments on percentage fees. That is probably the appraisal professions biggest taboo, because it would invite appraisal fraud since raising the value of the home would inflate the their paycheck. I set myself to a higher standard. Other improper practices may be defined by state law or professional organizations to which an appraiser belongs.

The Uniform Standards of Professional Appraisal Practice (USPAP) also defines a violation in ethics as accepting 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," in addition to other situations I diligently follow these rules to the letter which means you can be at ease knowing I am going above and beyond to objectively determine the home or property value.

As soon as you request an appraisal from Newberry Appraisal Services, LLC I'll make sure you're getting the professional service you expect along with the an ethical approach with appraisals that I'm known for.