 Honesty and Integrity: Robbins-Marine Property Valuation, Inc.We consider our job as a profession. The rigors of becoming a licensed appraiser have increased more than ever in the past. That's why it goes without question these days that real estate appraisal can unquestionably be dubbed a profession as opposed to a trade. In our field, as with any profession, we have a strict ethical code.
The appraiser's primary responsibility is to their client.
Typically, for a standard 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 contracted in order to maintain independence.
Certain details pertaining to an assignment are to be shared exclusively with the appraiser's client. So, as
a homeowner, if you want to obtain a copy of the appraisal document, you normally should get it from your lender instead of the appraiser.
In some cases appraisers will have fiduciary responsibilities to third parties, such as homeowners, both sellers and buyers, or others. Generally the third parties are clearly defined in the appraisal report. An appraiser's fiduciary duty is restricted to those third parties who the appraiser knows, based on the scope of work or other written parameters of the order.
There are also ethical duties that have nothing to do with clients and others. For example, appraisers must keep their work files for a minimum of five years - at Robbins-Marine Property Valuation, Inc. you can rest assured that we abide by that rule. We require the highest professional integrity possible 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 an obvious conflict of interest if an appraiser can report a greater value and then get paid more money! Finally, the Uniform Standards of Professional Appraisal Practice clearly defines a violation in ethics as the acceptance 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 be assured we are doing everything we can to provide an unbiased determination of the home or property value. As soon as you request an appraisal from Robbins-Marine Property Valuation, Inc., we'll make sure you're getting the professional service you deserve along with the honesty and integrity we're known for. |
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