T.R. Moore & Associates, Inc. maintains the highest professional ethicsAppraising is a profession, and appraisers are professionals. Requirements to become 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 definitely be called a profession rather than a trade. As with any profession we must follow strict ethical considerations.
The appraiser's main responsibility is to their client.
Typically, in residential practice, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client.
It's important to know that a lot of matters relating to an assignment are to be discussed exclusively with the appraiser's client. As
a homeowner, if you want to obtain a copy of the appraisal document, you normally should request it from your lender.
In some cases appraisers will have fiduciary responsibilities to third parties, including homeowners, both buyers and sellers, or others. Those third parties normally are spelled out in scope of the appraisal assignment itself. An appraiser's fiduciary responsibility is only to those parties who the appraiser is aware of, based on the scope of work or other things in the framework of the assignment.
There are also ethical rules that have nothing to do with whom we share information. For example, appraisers must store their work files for at least five years - at T.R. Moore & Associates, Inc. you can rest assured that we abide by that rule.
We demand the highest ethical standards possible from ourselves. Working on orders where our fee is dependent on our value conclusion is never an option. That is, we can't agree to do an appraisal report and collect payment on the contingency of the loan closing. It should be apparent to anyone that inflating a value to achieve a bigger paycheck is unethical!
Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") also describes 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 diligently follow these rules to the letter which means you can be confident we are working hard to objectively determine the home or property value.
When you engage T.R. Moore & Associates, Inc., we'll make sure you're getting the professional service you expect along with the honesty and integrity we're known for.