Honesty and Integrity: Feasel Appraisal

An appraiser's main obligation is to their client. Typically, for a normal 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 brought in to maintain independence. It's important to know that a lot of details pertaining to an assignment are to be discussed exclusively with the appraiser's client. So, as a homeowner, if you want to review the appraisal document, you generally have to get it from your lender.

Other responsibilities include accurate sums appropriate to the scope of the assignment, reaching and sustaining an adequate level of competency and education, and of course, the appraiser must behave in a professional manner. Maintaining high ethics and client confidentiality is just normal course of business for us at Feasel Appraisal.

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

	Feasel Appraisal has an established track record for producing 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 store their work files for a minimum of five years - at Feasel Appraisal you can rest assured that we stick to that rule.

Feasel Appraisal holds itself to the industry standards and mandates set in place for ethics. We refuse to accept anything less from ourselves. Working on assignments where our fee is dependent on our value conclusion is never an option. That is, we are not able to agree to do an appraisal report and base our pay upon coming up with a particular value conclusion. Anyone should be able to see that fabricating a home's value to achieve essentially a higher fee is unethical!

Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") explicitly 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" 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 provide an unbiased determination of the home or property value.

As soon as you engage Feasel Appraisal, we'll make sure you're getting the professional service you deserve along with the principles we're known for.