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Honesty and Integrity: RVS, INC.We consider what we do as a profession. Requirements to become 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 as opposed to a trade. In our field, as with any profession, we have a strict ethical code.
We have a great deal of obligations as appraisers, but our chief duty is 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 retained to maintain independence. Certain matters pertaining to an assignment are to be shared exclusively with the appraiser's client. As a homeowner, if you desire to obtain a copy of the appraisal document, you normally should obtain it via your lender and not the appraiser.
Other responsibilities include numerical accuracy depending on the scope of the assignment, attaining and sustaining a particular level of competency and education, and naturally, the appraiser must bear a professional demeanor. Here at RVS, INC., we take these ethical responsibilities very seriously.
There are some scenarios in which appraisers will have fiduciary responsibilities to third parties, including homeowners, buyers and sellers, or others. Those third parties normally are listed in scope of the appraisal assignment itself. An appraiser's fiduciary duty is only to those parties who the appraiser knows, based on the scope of work or other written parameters of the job.
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RVS, INC. has an established reputation for completing competent and ethically superior appraisals. To learn more, contact us. |
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There are also ethical duties that have nothing to do with whom we share information. For example, appraisers must be able to produce their work files for at least five years - at RVS, INC. you can rest assured that we stick to that rule.
When working on an assignment, we follow the highest ethical standards possible. Working on orders based on contingency fees is never an option. That is, we don't agree to do an appraisal report and collect the fee only if the loan closes. Anyone should be able to see that inflating a value to achieve essentially a higher paycheck is unethical! We just don't do it.
Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") also defines 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" in addition to other situations We diligently follow these rules to the letter which means you can be at ease knowing we are doing everything we can to provide an unbiased determination of the home or property value.
With RVS, INC., you can be assured of 100 percent ethical, professional service.
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