Vail Appraisal, LLC upholds the utmost professional ethics

We have a great deal of responsibilities as appraisers, but our main duty is to our clients. More often than not, in residential practice, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client. Certain elements pertaining to an assignment are to be shared exclusively with the appraiser's client. So, as a homeowner, if you would like to review an appraisal report, you normally should obtain it from your lender instead of the appraiser.

Other responsibilities include accurate sums appropriate to the scope of the assignment, acquiring and maintaining an adequate level of competency and education, and naturally, the appraiser must bear a professional demeanor. Here at Vail Appraisal, LLC, we take these ethical responsibilities very seriously.

Appraisers will regularly be required to consider the interests of third parties, including homeowners, both buyers and sellers, 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 is aware of, based on the scope of work or other written parameters of the job.

	Vail Appraisal, LLC has worked hard for its reputation for providing competent and ethically superior appraisals. To learn more, contact us.

There are also ethical standards that have nothing to do with whom we share information. For example, appraisers must store their work files for a minimum of five years - at Vail Appraisal, LLC you can rest assured that we stick to that rule.

Vail Appraisal, LLC holds itself to the industry standards and mandates set in place for ethics. We won't accept anything less from ourselves. Working on orders 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 get paid only if the loan closes. It should be apparent to anyone that fabricating a property's value to achieve what amounts to a bigger paycheck is unethical! We set ourselves to a higher standard.

Finally, the Uniform Standards of Professional Appraisal Practice explicitly defines unethical behavior 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" as well as other situations. We diligently follow these rules to the letter which means you can be confident we are doing everything we can to objectively determine the home or property value.

With Vail Appraisal, LLC, you won't have any doubts that you're getting 100 percent ethical, professional service.