Regional Real Estate Appraisal Service  LTD. provides honest and ethical appraisals for Rockland County

For honest and ethical appraisals, count on Regional Real Estate Appraisal Service .

    John Callanan

We think of our job as a profession. The rigors of becoming a licensed appraiser have increased more than ever before. That's why it goes without question in this day and age that real estate appraisal can unquestionably be called a profession rather than a trade. In our field, as with any profession, we must follow strict ethical considerations.

 

An appraiser's primary obligation is to their client. Most of the time, in residential practice, 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. Appraisers have certain duties of confidentiality to their clients, plus strict rules and regulations to which we must adhere. As a homeowner, if you want to obtain a copy of an appraisal report, you generally have to request it through your lender instead of the appraiser.

Other obligations include accurate calculations appropriate to the nature of the report, acquiring and keeping a respectable level of competency and education, and the appraiser must conduct him or herself as a professional. Maintaining high ethics is just normal course of business for us at Regional Real Estate Appraisal Service .

There are some scenarios in which appraisers will have fiduciary responsibilities to third parties, such as homeowners, sellers and buyers, or others. Typically the third parties are specifically defined in the appraisal report. An appraiser's fiduciary role is limited to those parties who the appraiser is aware of, based on the scope of work or other written parameters of the order.

Regional Real Estate Appraisal Service  has an established reputation for providing appraisals with the highest of ethics. To learn more, contact us.


Appraisers also have duties outside of boundaries of clients and others. For example, appraisers must be able to produce their work files for a minimum of five years - at Regional Real Estate Appraisal Service you can rest assured that we adhere to that rule.

 

Regional Real Estate Appraisal Service  holds itself to the industry standards and rules set in place for ethics. We refuse to accept anything less from ourselves. Accepting 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 home's value to achieve a bigger paycheck is unethical!

Finally, the Uniform Standards of Professional Appraisal Practice explicitly describes 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 diligently follow these rules to the letter which means you can be at ease knowing we are doing everything we can to provide an unbiased determination of the home or property value.

With Regional Real Estate Appraisal Service , you won't have any doubts that you're getting 100 percent ethical, honest service.