Honesty and Integrity: B.A. Dwenger Appraisals, LLCWe consider our business as a profession. The rigors of becoming a licensed appraiser have become more difficult than ever in the past. That's why it goes without question these days that real estate appraisal can definitely be considered a profession as opposed to a trade. In our field, as with any profession, we are bound by an ethical code.
The appraiser's chief obligation is to their client. 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 hired in order to maintain independence. It follows that appraisers have certain duties of confidentiality to their clients, plus strict rules and regulations controlling with whom we share information. As a homeowner, if you desire to obtain a copy of an appraisal report, you generally have to obtain it from your lender instead of the appraiser.
Appraisers will frequently be required to consider the interests of third parties, such as homeowners, both buyers and sellers, or others. Those third parties normally are listed in scope of the appraisal assignment itself. An appraiser's fiduciary responsibility is limited to those third parties who the appraiser knows, based on the scope of work or other things in the framework of the job.
There are also ethical duties that have nothing to do with clients and others. For example, appraisers must be able to produce their work files for a minimum of five years - at B.A. Dwenger Appraisals, LLC you can rest assured that we stick to that rule.
We meet or exceed the industry standards and guidelines set in place for ethics. We can't accept anything less from ourselves. Accepting orders where our fee is dependent on our value conclusion is not something we can consider. That is, we don't agree to do an appraisal report and collect payment on the contingency of the loan closing. It should be obvious that fabricating a property's value to achieve what amounts to a higher paycheck is unethical!
Finally, the Uniform Standards of Professional Appraisal Practice also 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 follow these rules to the letter which means you can be assured we are going above and beyond to provide an unbiased determination of the home or property value.
With B.A. Dwenger Appraisals, LLC, you can be assured of 100 percent ethical, professional service.