Acre Appraisals provides honest and ethical appraisals for New Castle County

Acre Appraisals upholds the utmost professional ethics

Appraising is generally a long term career. Requirements to become a licensed appraiser have increased more than ever in the past. So it goes without question in this day and age that real estate appraisal can unquestionably be considered a profession as opposed to a trade. As with any profession we have a strict ethical code.

We have a lot of responsibilities as appraisers, but above everything we answer to our clients. Typically, 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 hired in order to maintain independence. Consequently, appraisers are typically restricted to only disclosing their findings to their clients, so as a homeowner, if you want a copy of the appraisal document, you generally should get it through your lender instead of the appraiser.

Other responsibilities include numerical accuracy depending on the scope of the assignment, attaining and maintaining an appropriate level of competency and education, and naturally, the appraiser must bear a professional demeanor. Maintaining high ethics is standard operating procedure for us at Acre Appraisals.

In some cases appraisers will have fiduciary responsibilities to third parties, such as homeowners, both sellers and buyers, or others. Generally the third parties are clearly defined in the appraisal report. An appraiser's fiduciary duty is restricted to those third parties who the appraiser is aware of, based on the scope of work or other written parameters of the assignment.


	Acre Appraisals has worked hard for its track record for producing appraisals with the highest of ethics. Contact us today to learn more.

There are also ethical standards that have nothing to do with whom we share information. For example, appraisers must be able to produce their work files for a minimum of five years - something else Acre Appraisals makes a part of their standard routine.

Acre Appraisals holds itself to the industry standards and rules set in place for ethics. We refuse to accept anything less from ourselves. Doing assignments based on contingency fees is never an option. That is, we can't agree to do an appraisal report and collect payment on the contingency of the loan closing. There's certainly a conflict of interest if an appraiser can report a greater value and then get paid more money! We set ourselves to a higher standard.

Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") also defines unethical behavior 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 assured we are going above and beyond to provide an unbiased determination of the home or property value.

With Acre Appraisals, you can be assured of 100 percent ethical, honest service.