Griffin Appraisals provides honest and ethical appraisals for Madison County

For honest and ethical appraisals, trust Griffin Appraisals

Typically, appraising is a long term career. The rigors of becoming a licensed appraiser have become more difficult than ever before. That's why it goes without question these days that real estate appraisal can unquestionably be dubbed a profession as opposed to a trade. As with any profession we must follow strict ethical considerations.

We have quite a few obligations as appraisers, but first and foremost we answer to our clients. Normally, 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. Appraisers are typically restricted to only disclosing information to their clients, so as a homeowner, if you desire to review the appraisal document, you generally should request it from your lender and not the appraiser.

Other responsibilities include numerical accuracy depending on the scope of the assignment, acquiring and sustaining a particular level of competency and education, and naturally, the appraiser must bear a professional demeanor. Here at Griffin Appraisals, we take these ethical responsibilities very to heart.

In some cases appraisers will have fiduciary responsibilities to third parties, such as homeowners, buyers and sellers, or others. Those third parties normally are defined in scope of 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 assignment.


	Griffin Appraisals has an established track record for completing appraisals with the highest of ethics. 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 at least five years - something else Griffin Appraisals diligently adheres to.

When creating reports, we follow the highest ethical standards possible. Doing assignments where our fee is dependent on our value conclusion is not something we can consider. That is, we can't agree to do an appraisal report and base our pay upon coming up with a particular value conclusion. There's an obvious conflict of interest if an appraiser can report a larger value with the reward of getting paid more money! We set ourselves to a higher standard.

Finally, the Uniform Standards of Professional Appraisal Practice clearly defines 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" as well as other situations. We follow these rules to the letter which means you can be at ease knowing we are working hard to get you an accurate home or property value.

When you engage Griffin Appraisals, we'll make sure you're getting the professional service you deserve along with the business principles we're known for.