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 Ben Hill Appraisal maintains the utmost professional ethics
By and large, appraising is a long term career. Requirements to become a licensed appraiser have increased more than ever before. So it goes without question in this day and age that real estate appraisal can certainly be called a profession rather than a trade. In our field, as with any profession, we have a strict ethical code.
We have a great deal of responsibilities as appraisers, but above everything we answer to our clients.
Normally, for a regular residential appraisal, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client.
Consequently, appraisers are privy to a lot of information, and like an attorney, can only discuss many of these matters with their client. As
a homeowner, if you want a copy of the appraisal document, you generally should obtain it via your lender.
Other responsibilities include numerical accuracy depending on the scope of the assignment, acquiring and keeping a respectable level of competency and education, and of course, the appraiser must behave in a professional manner. Maintaining high ethics and client confidentiality is standard operating procedure for us at Ben Hill Appraisal.
Appraisers can often have fiduciary responsibilities to third parties, such as homeowners, sellers and buyers, or others. Those third parties normally are spelled out in the appraisal assignment itself. An appraiser's fiduciary responsibility is only to those parties who the appraiser is aware of, based on the scope of work or other written parameters of the order.
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Ben Hill Appraisal has worked hard for its track record for completing competent and ethically superior appraisals. To learn more, contact us. |
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Appraisers also have rules 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 - something else Ben Hill Appraisal takes very seriously.
While busy with an appraisal, we follow the highest ethical standards possible.
Doing assignments based on contingency fees is not something we can consider.
That means we are not able to agree to do an appraisal report and collect the fee only if the loan closes.
Anyone should be able to see that fabricating a home's value to achieve a higher paycheck is unethical!
We just don't do it.
Finally, the Uniform Standards of Professional Appraisal Practice explicitly states 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" as well as other situations. We diligently follow these rules to the letter which means you can be at ease knowing we are going above and beyond to objectively determine the home or property value.
As soon as you engage Ben Hill Appraisal, we'll make sure you're getting the professional service you expect along with the principles we're known for.
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