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Appraiser Ethics

Following strict ethical considerations, Valuation Link has a proven history of treating each client with honesty and integrity. We have many responsibilities as appraisers, but first and foremost we answer to our clients.

Typically, for a normal 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 brought in to maintain independence.

Appraisers may also have fiduciary obligations to third parties, such as homeowners, buyers and sellers, or others. Generally the third parties are specifically defined in the appraisal report. An appraiser’s fiduciary duty is restricted to only the third parties the appraiser knows, based on the scope of work or other particulars within the framework of the order.

Appraisers have certain duties of confidentiality to their clients, as well as strict rules and regulations that must be followed. Other responsibilities include maintaining accurate figures appropriate to the nature of the report, acquiring and keeping an appropriate level of competency and education, and the appraiser must always uphold professional conduct. Valuation Link places the utmost importance on these ethical responsibilities.

There are also ethical duties that are not client-related. For example, appraisers must store their work files for at least five years, which Valuation Link employs as part of its standard routine.

When creating reports, we follow the highest ethical standards possible. Accepting assignments where our fee is dependent on our value conclusion is never a consideration. Which means, we cannot agree to do an appraisal report and collect payment on the contingency of the loan closing. Inflating a value to essentially achieve a higher paycheck is unethical, and we hold ourselves to a higher standard.

Finally, the Uniform Standards of Professional Appraisal Practice clearly defines a violation in ethics as 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 diligently abide by these rules, which means you can be confident we take every measure to provide an unbiased determination of the home or property value.

Valuation Link has a proven history of treating each client with honesty and integrity.