 For honest and ethical appraisals, count on Jackson Claborn, Inc.We consider our business as a profession. The rigors of becoming a licensed appraiser have increased more than ever before. So it goes without question these days that real estate appraisal can certainly be called a profession rather than a trade. As with any profession we have a strict ethical code.
An appraiser's primary responsibility is to their client.
Normally, for a typical residential appraisal, the appraiser's client is the lender ordering the appraisal, and often the appraisal is ordered by a third party the lender has brought in to maintain independence.
It follows that appraisers have certain duties of confidentiality to their clients, plus strict rules and regulations that must be followed. As
a homeowner, if you desire a copy of the appraisal document, you normally should request it from your lender instead of the appraiser.
Appraisers can often have fiduciary obligations to third parties, including homeowners, both buyers and sellers, or others. Those third parties normally are defined in the appraisal assignment itself. An appraiser's fiduciary duty is restricted to those third parties who the appraiser knows, based on the scope of work or other things in the framework of the order.
There are also ethical rules that have nothing to do with clients and others. For example, appraisers must store their work files for a minimum of five years - at Jackson Claborn, Inc. you can rest assured that we abide by that rule. Jackson Claborn, Inc. holds itself to the industry standards and rules set in place for professional behavior. We can't accept anything less from ourselves. Accepting assignments based on contingency fees is never an option. That is, we don't agree to do an appraisal report and base our pay upon coming up with a particular value conclusion. There's a definite conflict of interest if an appraiser can report a greater value and then get paid more money! Finally, the Uniform Standards of Professional Appraisal Practice explicitly describes 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", or "the amount of a value opinion" in addition to other situations We follow these rules to the letter which means you can be confident we are working hard to provide an unbiased determination of the home or property value. As soon as you engage Jackson Claborn, Inc., we'll make sure you're getting the professional service you expect along with the high ethical standards we're known for. |
|||||||||
