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 Honesty and Integrity: Hoffman Appraisals, LLC
We think of what we do as a profession. Requirements to become 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 certainly be dubbed a profession rather than a trade. As with any profession we must follow strict ethical considerations.
We have many responsibilities as appraisers, but our main duty is to our clients.
Typically, 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 brought in to maintain independence.
Subsequently, appraisers are typically restricted to only disclosing their findings to their clients, so as
a homeowner, if you would like a copy of an appraisal report, you normally should get it via your lender instead of the appraiser.
Other responsibilities include numerical accuracy depending on the assignment's nature, attaining and sustaining a respectable level of competency and education, and naturally, the appraiser must bear a professional demeanor. Here at Hoffman Appraisals, LLC, we take these ethical responsibilities very seriously.
In some cases appraisers will have fiduciary responsibilities to third parties, such as homeowners, both sellers and buyers, or others. Those third parties normally are spelled out in scope of the appraisal assignment itself. An appraiser's fiduciary duty is limited to those third parties who the appraiser is aware of, based on the scope of work or other things in the framework of the job.
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Hoffman Appraisals, LLC has worked hard for its reputation for producing appraisals with the highest of ethics. Contact us today to learn more. |
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Appraisers also have standards outside of boundaries of clients and others. For example, appraisers must keep their work files for a minimum of five years - something else Hoffman Appraisals, LLC diligently adheres to.
We meet or exceed the industry standards and mandates set in place for ethics. We refuse to accept anything less from ourselves.
Working on orders where our fee is dependent on our value conclusion is never an option.
That means we can't agree to do an appraisal report and collect payment on the contingency of the loan closing.
Anyone should be able to see that inflating a value to achieve a bigger fee is unethical!
We just don't do it.
Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") explicitly describes a violation in ethics 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 assured we are working hard to get you an accurate home or property value.
With Hoffman Appraisals, LLC, you won't have any doubts that you're getting 100 percent ethical, honest service.
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