For honest and ethical appraisals, rely on Nagle Appraisal LLCWe think of what we do as a profession. Requirements to become a licensed appraiser have become more difficult than ever in the past. So it goes without question in this day and age that real estate appraisal can definitely be considered a profession as opposed to a trade. As with any profession we must follow strict ethical considerations.
An appraiser's main responsibility is to their client.
Generally, 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 hired in order to maintain independence.
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 a copy of the appraisal document, you generally should request it via your lender.
Appraisers may also have fiduciary responsibilities to 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 is aware of, based on the scope of work or other things in the framework of the order.
Appraisers also have rules outside of boundaries of with whom we share information For example, appraisers must store their work files for at least five years - at Nagle Appraisal LLC you can rest assured that we adhere to that rule.
Nagle Appraisal LLC holds itself to the industry standards and guidelines set in place for ethics. We refuse to accept anything less from ourselves. Doing orders based on contingency fees is never an option. That is, we are not able to agree to do an appraisal report and get paid only if the loan closes. There's a definite conflict of interest if an appraiser can report an unsubstantiated value with the reward of getting paid more money! We just don't do it.
Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") explicitly describes 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 be at ease knowing we are going above and beyond to provide an unbiased determination of the home or property value.
When you order an appraisal from Nagle Appraisal LLC, we'll make sure you're getting the professional service you expect along with the honesty and integrity we're known for.