Lisa Barefoot Appraisal Services LLC maintains the utmost professional ethicsWe consider what we do as a profession. Requirements to become a licensed appraiser have increased more than ever in the past. So it goes without question these days that real estate appraisal can definitely be called a profession as opposed to a trade. In our field, as with any profession, we have a strict ethical code.
I have a great deal of obligations as an appraisers, but first and foremost I answer to my clients. More often than not, for a standard residential appraisal, 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 that must be followed. So, as a homeowner, if you would like to review an appraisal report, you generally should request it from your lender.
There are some scenarios in which appraisers will have fiduciary responsibilities to third parties, including homeowners, both buyers and sellers, or others. Generally the third parties are clearly defined in the appraisal report. An appraiser's fiduciary duty is restricted to those parties who the appraiser knows, based on the scope of work or other written parameters of the job.
Appraisers also have rules outside of boundaries of clients and others. For example, appraisers must store their work files for at least five years - something else Lisa Barefoot Appraisal Services LLC diligently adheres to.
Lisa Barefoot Appraisal Services LLC holds itself to the industry standards and rules set in place for professional behavior. I refuse to accept anything less. Accepting assignments based on contingency fees is not something we can consider. In other words, we are not able to agree to do an appraisal report and base our pay upon coming up with a particular value conclusion. It should be apparent to anyone that fabricating a property's value to achieve what amounts to a higher paycheck is unethical! I set myself to a higher standard.
Finally, the Uniform Standards of Professional Appraisal Practice clearly defines 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" in addition to other situations We follow these rules to the letter which means you can rest easy knowing we are going above and beyond to get you an accurate home or property value.
With Lisa Barefoot Appraisal Services LLC, you can be assured of 100 percent ethical, honest service.