Honesty and Integrity: Country ManorAppraising 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 these days that real estate appraisal can certainly be dubbed a profession rather than a trade. In our field, as with any profession, we are bound by an ethical code.
An appraiser's chief obligation is to their client.
Generally, in residential practice, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client.
It follows that 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 get it from your lender.
Appraisers can frequently have fiduciary responsibilities to third parties, including homeowners, both sellers and buyers, or others. Those third parties normally are defined in the appraisal assignment itself. An appraiser's fiduciary responsibility is restricted to those parties who the appraiser knows, based on the scope of work or other things in the framework of the job.
There are also ethical duties that have nothing to do with clients and others. For example, appraisers must store their work files for at least five years - at Country Manor you can rest assured that we stick to that rule.
We meet or exceed 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 is, we can't agree to do an appraisal report and base our pay upon coming up with a particular value conclusion. It should be apparent to anyone that inflating a value to achieve what amounts to a higher fee is unethical!
Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") also states unethical behavior 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 at ease knowing we are doing everything we can to objectively determine the home or property value.
With Country Manor, you can be assured of 100 percent ethical, honest service.