EQUITY APPRAISAL COMPANY provides honest and ethical appraisals for Macomb County

Honesty and Integrity: EQUITY APPRAISAL COMPANY

Appraising is generally a long term career. 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 certainly be considered a profession as opposed to a trade. As with any profession we have a strict ethical code.

An appraiser's chief obligation is to their client. Normally, in residential practice, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client. Thereon, appraisers are typically limited to only disclosing their findings to their clients, so as a homeowner, if you want to obtain a copy of an appraisal report, you generally have to obtain it through your lender instead of the appraiser.

Other responsibilities include numerical accuracy depending on the scope of the assignment, acquiring and maintaining a respectable level of competency and education, and naturally, the appraiser must bear a professional demeanor. Maintaining high ethics and client confidentiality is what we do every day at EQUITY APPRAISAL COMPANY.

Appraisers can also have fiduciary responsibilities to third parties, such as homeowners, both 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 only to those third parties who the appraiser knows, based on the scope of work or other things in the framework of the order.


	EQUITY APPRAISAL COMPANY has an established track record for completing appraisals with the highest of ethics. To learn more, contact us.

There are also ethical rules that have nothing to do with clients and others. For example, appraisers must store their work files for at least five years - something else EQUITY APPRAISAL COMPANY diligently adheres to.

We meet or exceed the industry standards and mandates set in place for ethics. We refuse to accept anything less from ourselves. Working on orders based on contingency fees is never an option. In other words, we don't agree to do an appraisal report and collect payment on the contingency of the loan closing. ALL REPORTS ARE UNBIASED, INDEPENDENT VALUATIONS. VALUATIONS ARE NOT BASED ON A REQUESTED MINIMUM VALUE OR A SPECIFIC VALUE. Anyone should be able to see that fabricating a property's value to achieve essentially a bigger paycheck is unethical! This isn't how we operate. .

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 rest easy knowing we are going above and beyond to provide an unbiased determination of the home or property value.

As soon as you engage EQUITY APPRAISAL COMPANY, we'll make sure you're getting the professional service you deserve along with the principles we're known for.