Coastal Appraisal, Inc provides honest and ethical appraisals for Mobile County

Honesty and Integrity: Coastal Appraisal, Inc

Appraising is typically a long term career. The rigors of becoming 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 dubbed a profession as opposed to a trade. In our field, as with any profession, we have a strict ethical code.

The appraiser's primary obligation is to their client. More often than not, for a regular 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. Certain details relating to an assignment are to be discussed with the appraiser's client. So, as a homeowner, if you would like to obtain a copy of the appraisal document, you generally have to request it through your lender and not the appraiser.

Other obligations include accurate sums appropriate to the scope of the assignment, acquiring and maintaining an appropriate level of competency and education, and naturally, the appraiser must bear a professional demeanor. Here at Coastal Appraisal, Inc, we take these ethical responsibilities very seriously.

Appraisers will often be obligated to consider the interests of third parties, such as homeowners, sellers and buyers, or others. Those third parties normally are listed in the appraisal assignment itself. An appraiser's fiduciary duty is limited to those third parties who the appraiser knows, based on the scope of work or other written parameters of the order.


	Coastal Appraisal, Inc has worked hard for its reputation for performing appraisals with the highest of ethics. To learn more, contact us.

There are also ethical duties that have nothing to do with clients and others. For example, appraisers must backup their work files for a minimum of five years - at Coastal Appraisal, Inc you can rest assured that we stick to that rule.

Coastal Appraisal, Inc holds itself to the industry standards and rules set in place for ethics. We won't accept anything less from ourselves. Doing assignments based on contingency fees is never an option. That means we are not able to agree to do an appraisal report and collect the fee only if the loan closes. Anyone should be able to see that fabricating a property's value to achieve a bigger paycheck is unethical! We set ourselves to a higher standard.

Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") also defines 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 objectively determine the home or property value.

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