Abaco Appraisal Services, LLC provides honest and ethical appraisals for Cherokee County

Abaco Appraisal Services, LLC upholds the highest professional ethics

Appraising is a profession, and appraisers are professionals. Requirements to become a licensed appraiser have increased more than ever in the past. So it goes without question these days that real estate appraisal can unquestionably be dubbed a profession rather than a trade. As with any profession we must follow strict ethical considerations.

The appraiser's primary obligation is to their client. Generally, for a standard residential appraisal, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client. It follows that appraisers are privy to a lot of information, and like an attorney, can only discuss many of these matters with their client. As a homeowner, if you want a copy of an appraisal report, you generally have to get it through your lender and not the appraiser.

Other obligations include accurate figures appropriate to the scope of the report, attaining and keeping an adequate 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 Abaco Appraisal Services, LLC.

In some cases appraisers will have fiduciary responsibilities to third parties, including homeowners, buyers and sellers, or others. Generally the third parties are clearly defined in the appraisal report. An appraiser's fiduciary responsibility is only to those parties who the appraiser knows, based on the scope of work or other things in the framework of the order.


	Abaco Appraisal Services, LLC has an established reputation for completing appraisals with the highest of ethics. To learn more, contact us.

Appraisers also have duties outside of boundaries of clients and others. For example, appraisers must be able to produce their work files for at least five years - at Abaco Appraisal Services, LLC you can rest assured that we stick to that rule.

Abaco Appraisal Services, LLC holds itself to the industry standards and rules set in place for professional behavior. We can't accept anything less from ourselves. Working on assignments based on contingency fees is not something we can consider. In other words, we don't 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 a larger value with the reward of getting paid more money! This isn't how we operate.

Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") clearly describes a violation in ethics 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" in addition to other situations We follow these rules to the letter which means you can be assured we are doing everything we can to get you an accurate home or property value.

With Abaco Appraisal Services, LLC, you can be assured of 100 percent ethical, professional service.