Active Appraisals Corp. provides honest and ethical appraisals for Suffolk County

Honesty and Integrity: Active Appraisals Corp.

We think of our job as a profession. Requirements to become a licensed appraiser have become more difficult than ever before. So it goes without question in this day and age that real estate appraisal can definitely be called a profession as opposed to a trade. As with any profession we are bound by an ethical code.

The appraiser's chief obligation is to their client. Typically, in residential practice, 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 would like to review the appraisal document, you generally have to request it from your lender.

Other obligations include accurate calculations appropriate to the parameters of the report, acquiring and sustaining a respectable level of competency and education, and the appraiser must conduct him or herself as a professional. Here at Active Appraisals Corp., we take these ethical responsibilities very seriously.

Appraisers can sometimes have fiduciary responsibilities to third parties, such as homeowners, buyers and sellers, or others. Typically the third parties are specifically defined in the appraisal report. An appraiser's fiduciary responsibility is limited to those third parties who the appraiser is aware of, based on the scope of work or other things in the framework of the order.


	Active Appraisals Corp. has an established track record for providing competent and ethically superior appraisals. To learn more, contact us.

Appraisers also have standards outside of boundaries of with whom we share information For example, appraisers must be able to produce their work files for at least five years - at Active Appraisals Corp. you can rest assured that we adhere to that rule.

When creating reports, we follow the highest ethical standards possible. Doing assignments where our fee is dependent on our value conclusion is never an option. In other words, we don't agree to do an appraisal report and collect the fee only if the loan closes. It should be apparent to anyone that fabricating a home's value to achieve a higher fee is unethical! We set ourselves to a higher standard.

Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") explicitly defines 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" in addition to other situations We diligently follow these rules to the letter which means you can rest easy knowing we are going above and beyond to objectively determine the home or property value.

When you engage Active Appraisals Corp., we'll make sure you're getting the professional service you deserve along with the honesty and integrity we're known for.