Baybrooke Appraisal upholds the utmost professional ethics

We have many obligations as appraisers, but above everything we answer to our clients. Typically, 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 retained to maintain independence. Consequently, appraisers are typically restricted to only disclosing their findings to their clients, so as a homeowner, if you want a copy of an appraisal report, you normally should obtain it through your lender.

Other obligations include accurate calculations appropriate to the nature of the assignment, reaching and keeping a respectable level of competency and education, and naturally, the appraiser must bear a professional demeanor. Maintaining high ethics and client confidentiality is just normal course of business for us at Baybrooke Appraisal.

Appraisers may frequently have fiduciary responsibilities to third parties, including homeowners, both sellers and buyers, or others. Those third parties normally are defined in the appraisal assignment itself. 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 job.

	Baybrooke Appraisal has an established reputation for producing competent and ethically superior appraisals. To learn more, contact us.

Appraisers also have standards outside of boundaries of with whom we share information For example, appraisers must backup their work files for at least five years - something else Baybrooke Appraisal diligently adheres to.

 

While working on an assignment, we follow the highest ethical standards possible. Accepting assignments where our fee is dependent on our value conclusion is not something we can consider. In other words, we are not able to agree to do an appraisal report and base our pay upon coming up with a particular value conclusion. There's certainly a conflict of interest if an appraiser can report a greater 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 follow these rules to the letter which means you can be assured we are working hard to get you an accurate home or property value.

When you request an appraisal from Baybrooke Appraisal, we'll make sure you're getting the professional service you deserve along with the principles we're known for.