For honest and ethical appraisals, rely on Mountain High Appraisals, LLCAppraising is a profession, and appraisers are professionals. The rigors of becoming a licensed appraiser have become more difficult than ever in the past. So it goes without question these days that real estate appraisal can unquestionably be dubbed a profession as opposed to a trade. In our field, as with any profession, we must follow strict ethical considerations.
We have a great deal of responsibilities as appraisers, but our main duty is to our clients.
Typically, for a standard 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 retained to maintain independence.
Certain matters pertaining to an assignment are to be discussed exclusively with the appraiser's client. So, as
a homeowner, if you desire to obtain a copy of an appraisal report, you generally have to obtain it through your lender and not the appraiser.
Appraisers may frequently have fiduciary responsibilities to third parties, such as homeowners, buyers and sellers, or others. Typically the third parties are explicitly defined in the appraisal report. An appraiser's fiduciary role is restricted to those parties who the appraiser is aware of, based on the scope of work or other written parameters of the job.
There are also ethical rules that have nothing to do with clients and others. For example, appraisers must store their work files for at least five years - something else Mountain High Appraisals, LLC diligently adheres to.
We demand the highest professional integrity possible from ourselves. Working on assignments where our fee is dependent on our value conclusion is never an option. That is, we can't agree to do an appraisal report and collect payment on the contingency of the loan closing. It should be obvious that inflating a value to achieve essentially a higher fee is unethical!
Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") clearly defines unethical behavior 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" as well as other situations. We follow these rules to the letter which means you can be confident we are going above and beyond to provide an unbiased determination of the home or property value.
With Mountain High Appraisals, LLC, you can be assured of 100 percent ethical, professional service.