Honesty and Integrity: Metroplex Appraisal Services, LLCAppraising is generally a long term career. The rigors of becoming a licensed appraiser have increased more than ever in the past. That's why it goes without question in this day and age that real estate appraisal can certainly be considered a profession as opposed to a trade. As with any profession we are bound by an ethical code.
An appraiser's primary responsibility 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 contracted in order to maintain independence.
It follows that appraisers have certain duties of privacy to their clients, plus strict rules and regulations controlling with whom we share information. So, as
a homeowner, if you want a copy of an appraisal report, you normally have to obtain it via your lender.
Appraisers will frequently need to consider the interests of third parties, including homeowners, sellers and buyers, or others. Those third parties normally are defined in scope of the appraisal assignment itself. An appraiser's fiduciary role is restricted to those parties who the appraiser is aware of, based on the scope of work or other written parameters of the job.
Appraisers also have standards outside of boundaries of clients and others. For example, appraisers must keep their work files for a minimum of five years - at Metroplex Appraisal Services, LLC you can rest assured that we stick to that rule.
Metroplex Appraisal Services, LLC holds itself to the industry standards and mandates set in place for professional behavior. We won't accept anything less from ourselves. 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 the fee only if the loan closes. There's certainly a conflict of interest if an appraiser can report a larger value with the reward of getting paid more money! We just don't do it.
Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") also states unethical behavior 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 confident we are working hard to provide an unbiased determination of the home or property value.
When you order an appraisal from Metroplex Appraisal Services, LLC, we'll make sure you're getting the professional service you deserve along with the honesty and integrity we're known for.