Marble Appraisals provides honest and ethical appraisals for Navajo County

For honest and ethical appraisals, trust Marble Appraisals

We consider what we do as a profession. The rigors of becoming a licensed appraiser have increased more than ever before. So 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.

We have many obligations as appraisers, but our main duty is to our clients. Typically, for a regular 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 brought in to maintain independence. Thereon, appraisers have certain duties of privacy to their clients, plus many rules and regulations that must be followed. As a homeowner, if you desire to review the appraisal document, you normally have to request it from your lender.

Other responsibilities include numerical accuracy depending on the assignment's nature, acquiring and sustaining an adequate level of competency and education, and the appraiser must conduct him or herself as a professional. Maintaining high ethics and client confidentiality is what we do every day at Marble Appraisals.

In some cases appraisers will have fiduciary responsibilities to third parties, such as homeowners, buyers and sellers, or others. Those third parties normally are spelled out in scope of the appraisal assignment itself. An appraiser's fiduciary duty is limited to those third parties who the appraiser knows, based on the scope of work or other things in the framework of the job.

Marble Appraisals has worked hard for its reputation for performing competent and ethically superior appraisals. Contact us today to learn more.


There are also ethical standards that have nothing to do with whom we share information. For example, appraisers must be able to produce their work files for a minimum of five years - at Marble Appraisals you can rest assured that we abide by that rule.

When creating reports, we follow the highest ethical standards possible. Doing orders where our fee is dependent on our value conclusion is never an option. That means we can't agree to do an appraisal report and get paid only if the loan closes. There's an obvious conflict of interest if an appraiser can report a larger value and then get paid more money! We just don't do it.

Finally, the Uniform Standards of Professional Appraisal Practice clearly describes unethical behavior 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 at ease knowing we are doing everything we can to provide an unbiased determination of the home or property value.

As soon as you order an appraisal from Marble Appraisals, we'll make sure you're getting the professional service you deserve along with the high ethical standards we're known for.

 

Marble Appraisals

P.O. Box 1444
880 Rainbow View Drive
Lakeside, AZ 85929
928-368-8868 * Fax 928-368-6063

lynda@marbleappraisals.com