Appraisal Source of Virginia provides honest and ethical appraisals for Roanoke City County

For honest and ethical appraisals, rely on Appraisal Source of Virginia

Generally, appraising is a long term career. Requirements to become a licensed appraiser have increased more than ever in the past. That's why it goes without question in this day and age that real estate appraisal can unquestionably be called a profession rather than a trade. In our field, as with any profession, we have a strict ethical code.

The appraiser's primary obligation is to their client. Generally, for a normal residential appraisal, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client. Consequently, appraisers have certain duties of confidentiality to their clients, plus many rules and regulations controlling with whom we share information. As a homeowner, if you want to review the appraisal document, you generally should request it from your lender instead of the appraiser.

Other obligations include accurate calculations appropriate to the parameters of the report, attaining and keeping a certain level of competency and education, and the appraiser must conduct him or herself as a professional. Here at Appraisal Source of Virginia, we take these ethical responsibilities very to heart.

Appraisers may frequently have fiduciary obligations to third parties, such as homeowners, both buyers and sellers, or others. Those third parties normally are defined in the appraisal assignment itself. An appraiser's fiduciary role is only to those parties who the appraiser is aware of, based on the scope of work or other things in the framework of the assignment.


	Appraisal Source of Virginia has an established track record for performing appraisals with the highest of ethics. To learn more, contact us.

Appraisers also have rules outside of boundaries of clients and others. For example, appraisers must be able to produce their work files for at least five years - something else Appraisal Source of Virginia takes very seriously.

Appraisal Source of Virginia holds itself to the industry standards and rules set in place for ethics. We won't accept anything less from ourselves. Doing orders based on contingency fees is not something we can consider. In other words, we are not able to agree to do an appraisal report and base our pay upon coming up with a particular value conclusion. It should be obvious that fabricating a home's value to achieve what amounts to a bigger paycheck is unethical!

Finally, the Uniform Standards of Professional Appraisal Practice also 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 diligently follow these rules to the letter which means you can be at ease knowing we are working hard to provide an unbiased determination of the home or property value.

With Appraisal Source of Virginia, you won't have any doubts that you're getting 100 percent ethical, honest service.