![]() Honesty and Integrity: Hayes Appraisal Group, Inc.Appraising is a profession, and appraisers are professionals. The rigors of becoming a licensed appraiser have become more difficult than ever before. That's why it goes without question in this day and age that real estate appraisal can definitely be dubbed a profession rather than a trade. In our field, as with any profession, we must follow strict ethical considerations.We have many responsibilities as appraisers, but our chief duty is to our clients. Typically, in residential practice, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client. Subsequently, appraisers are typically limited to only disclosing their findings to their clients, so as a homeowner, if you want to review the appraisal document, you normally have to obtain it via your lender and not the appraiser.
Appraisers can frequently have fiduciary obligations to third parties, including homeowners, sellers and buyers, or others. Those third parties normally are defined in the appraisal assignment itself. An appraiser's fiduciary role is restricted to those parties who the appraiser knows, based on the scope of work or other written parameters of the job.
Appraisers also have standards outside of boundaries of clients and others. For example, appraisers must backup their work files for at least five years - at Hayes Appraisal Group, Inc. you can rest assured that we stick to that rule. We only perform to the highest ethical standards possible. Doing orders based on contingency fees is not something we can consider. That means we can't agree to do an appraisal report and collect the fee only if the loan closes. It should be obvious that fabricating a property's value to achieve essentially a higher paycheck is unethical! Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") also states a violation in ethics 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 be assured we are doing everything we can to get you an accurate home or property value. When you order an appraisal from Hayes Appraisal Group, Inc., we'll make sure you're getting the professional service you deserve along with the high ethical standards we're known for. |