Platinum Appraisal Services provides honest and ethical appraisals for Brevard County

For honest and ethical appraisals, count on Platinum Appraisal Services

Appraising is a profession, and appraisers are professionals. Requirements to become a licensed appraiser have increased more than ever before. So it goes without question in this day and age that real estate appraisal can definitely be called a profession rather than a trade. In our field, as with any profession, we must follow strict ethical considerations.

We have many obligations as appraisers, but our main duty is to our clients. Generally, for a normal residential appraisal, 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. Subsequently, appraisers are typically limited to only disclosing information to their clients, so as a homeowner, if you want a copy of the appraisal document, you normally should obtain it from your lender and not the appraiser.

Other obligations include numerical accuracy depending on the assignment's nature, reaching and maintaining a certain level of competency and education, and naturally, the appraiser must bear a professional demeanor. Maintaining high ethics is what we do every day at Platinum Appraisal Services.

In some cases appraisers will have fiduciary responsibilities to third parties, including homeowners, buyers and sellers, or others. Those third parties normally are spelled out in scope of the appraisal assignment itself. An appraiser's fiduciary responsibility is limited to those parties who the appraiser knows, based on the scope of work or other things in the framework of the job.


	Platinum Appraisal Services has worked hard for its reputation for providing appraisals with the highest of ethics. Contact us today to learn more.

There are also ethical duties that have nothing to do with whom we share information. For example, appraisers must be able to produce their work files for at least five years - something else Platinum Appraisal Services takes very seriously.

We require the highest professional integrity possible from ourselves. Accepting assignments where our fee is dependent on our value conclusion is never an option. That means we can't agree to do an appraisal report and collect payment on the contingency of the loan closing. It should be apparent to anyone that inflating a value to achieve a higher fee is unethical! This isn't how we operate.

Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") clearly describes unethical behavior 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 provide an unbiased determination of the home or property value.

When you engage Platinum Appraisal Services, we'll make sure you're getting the professional service you expect along with the honesty and integrity we're known for.