Custom Appraisals maintains the highest professional ethics

We have a lot of obligations as appraisers, but our primary duty is to our clients. More often than not, for a standard 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 contracted in order to maintain independence. Consequently, appraisers have certain duties of privacy to their clients, plus many rules and regulations controlling with whom we share information. So, as a homeowner, if you would like to obtain a copy of the appraisal document, you generally should get it via your lender.

Other responsibilities include accurate sums appropriate to the nature of the report, attaining and sustaining a particular level of competency and education, and the appraiser must conduct him or herself as a professional. Here at Custom Appraisals, we take these ethical responsibilities very seriously.

Appraisers can frequently have fiduciary responsibilities to third parties, including homeowners, both buyers and sellers, or others. Those third parties normally are defined in scope of the appraisal assignment itself. An appraiser's fiduciary role is limited to those third parties who the appraiser is aware of, based on the scope of work or other written parameters of the assignment.

	Custom Appraisals has worked hard for its reputation for performing competent and ethically superior appraisals. To learn more, contact us.

Appraisers also have duties outside of boundaries of with whom we share information For example, appraisers must keep their work files for at least five years - at Custom Appraisals you can rest assured that we stick to that rule.

When busy with an appraisal, we follow the highest ethical standards possible. Accepting assignments where our fee is dependent on our value conclusion is not something we can consider. In other words, we don't agree to do an appraisal report and collect payment on the contingency of the loan closing. There's a definite conflict of interest if an appraiser can report a greater value and then get paid more money! This isn't how we operate.

Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") also states 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 assured we are working hard to objectively determine the home or property value.

When you engage Custom Appraisals, we'll make sure you're getting the professional service you expect along with the honesty and integrity we're known for.