Professional Appraisal Services provides honest and ethical appraisals for Monmouth County

For honest and ethical appraisals, trust Professional Appraisal Services

Appraising is typically a long term career. The rigors of becoming a licensed appraiser have become more difficult than ever in the past. That's why it goes without question in this day and age that real estate appraisal can unquestionably be considered a profession as opposed to a trade. As with any profession we must follow strict ethical considerations.

We have many obligations as appraisers, but our chief duty is to our clients. Normally, in residential practice, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client. Subsequently, appraisers have certain duties of privacy to their clients, plus strict rules and regulations to which we must adhere. As a homeowner, if you would like to review the appraisal document, you normally have to obtain it through your lender and not the appraiser.

Other responsibilities include numerical accuracy depending on the assignment parameters, attaining and sustaining a respectable level of competency and education, and of course, the appraiser must behave in a professional manner. Maintaining high ethics is what we do every day at Professional Appraisal Services.

Appraisers will regularly be obligated to consider the interests of third parties, such as homeowners, both buyers and sellers, or others. Normally the third parties are explicitly defined in the appraisal report. An appraiser's fiduciary role is only to those parties who the appraiser is aware of, based on the scope of work or other written parameters of the assignment.


	Professional Appraisal Services has worked hard for its track record for completing appraisals with the highest of ethics. Contact us today to learn more.

There are also ethical duties that have nothing to do with whom we share information. For example, appraisers must backup their work files for a minimum of five years - something else Professional Appraisal Services takes very seriously.

Professional Appraisal Services holds itself to the industry standards and rules set in place for professional behavior. We refuse to accept anything less from ourselves. Doing assignments where our fee is dependent on our value conclusion is never an option. That means 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 greater value with the reward of getting paid more money! We set ourselves to a higher standard.

Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") 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 diligently follow these rules to the letter which means you can be assured we are doing everything we can to get you an accurate home or property value.

When you order an appraisal from Professional Appraisal Services, we'll make sure you're getting the professional service you expect along with the high ethical standards we're known for.