Field Appraisals provides honest and ethical appraisals for Escambia County

Honesty and Integrity: Field Appraisals

We think of our business as a profession. The rigors of becoming a licensed appraiser have increased more than ever before. That's why it goes without question these days that real estate appraisal can unquestionably be dubbed a profession rather than a trade. In our field, as with any profession, we are bound by an ethical code.

An appraiser's main responsibility is to their client. Most of the time, in residential practice, 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. Subsequently, appraisers are typically limited to only disclosing their findings to their clients, so as a homeowner, if you want a copy of the appraisal document, you normally have to obtain it via your lender and not the appraiser.

Other obligations include accurate sums appropriate to the scope of the assignment, attaining and sustaining an adequate level of competency and education, and the appraiser must conduct him or herself as a professional. Here at Field Appraisals, we take these ethical responsibilities very to heart.

Appraisers will often need to consider the interests of third parties, such as homeowners, buyers and sellers, or others. Generally the third parties are clearly defined in the appraisal report. An appraiser's fiduciary role is limited to those parties who the appraiser knows, based on the scope of work or other things in the framework of the assignment.


	Field Appraisals has worked hard for its reputation for producing competent and ethically superior appraisals. To learn more, contact us.

Appraisers also have rules outside of boundaries of with whom we share information For example, appraisers must store their work files for a minimum of five years - at Field Appraisals you can rest assured that we adhere to that rule.

Field Appraisals holds itself to the industry standards and guidelines set in place for ethics. We can't accept anything less from ourselves. Working on assignments where our fee is dependent on our value conclusion is not something we can consider. That is, we can't agree to do an appraisal report and get paid only if the loan closes. It should be apparent to anyone that fabricating a property's value to achieve essentially a bigger paycheck is unethical! We set ourselves to a higher standard.

Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") clearly 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 rest easy knowing we are going above and beyond to provide an unbiased determination of the home or property value.

When you engage Field Appraisals, we'll make sure you're getting the professional service you deserve along with the honesty and integrity we're known for.