 For honest and ethical appraisals, count on ENH Appraisal LLCAppraising is a profession, and appraisers are professionals. 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 considered a profession rather than a trade. In our field, as with any profession, we have a strict ethical code.
An appraiser's primary responsibility is to their client.
Most of the time, for a regular residential appraisal, 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 a copy of an appraisal report, you generally should get it from your lender.
In some cases appraisers will have fiduciary responsibilities to third parties, such as homeowners, buyers and sellers, or others. Those third parties normally are defined in the appraisal assignment itself. An appraiser's fiduciary responsibility is limited to those third parties who the appraiser is aware of, based on the scope of work or other written parameters of the job.
Appraisers also have standards outside of boundaries of with whom we share information For example, appraisers must be able to produce their work files for a minimum of five years - at ENH Appraisal LLC you can rest assured that we adhere to that rule. We demand the highest ethical standards possible from ourselves. Working on assignments where our fee is dependent on our value conclusion is never an option. That means we don't agree to do an appraisal report and base our pay upon coming up with a particular value conclusion. Anyone should be able to see that fabricating a home's value to achieve essentially a bigger fee is unethical! We set ourselves to a higher standard. Finally, the Uniform Standards of Professional Appraisal Practice also states 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" in addition to other situations We diligently follow these rules to the letter which means you can be confident we are going above and beyond to get you an accurate home or property value. As soon as you engage ENH Appraisal LLC, we'll make sure you're getting the professional service you deserve along with the business principles we're known for. |
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