Academy Appraisal, LLC provides honest and ethical appraisals for Henrico County

Honesty and Integrity: Academy Appraisal, LLC

Appraising is a profession, and appraisers are professionals. The rigors of becoming a licensed appraiser have increased more than ever in the past. That's why it goes without question these days that real estate appraisal can certainly be dubbed a profession rather than a trade. As with any profession we must follow strict ethical considerations.

We have quite a few obligations as appraisers, but first and foremost we answer to our clients. Typically, for a standard residential appraisal, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client. Appraisers have certain duties of privacy to their clients, plus many rules and regulations controlling with whom we share information. As a homeowner, if you would like to obtain a copy of an appraisal report, you normally should get it from your lender instead of the appraiser.

Other responsibilities include numerical accuracy depending on the scope of the assignment, acquiring and keeping an adequate level of competency and education, and naturally, the appraiser must bear a professional demeanor. Maintaining high ethics and client confidentiality is just normal course of business for us at Academy Appraisal, LLC.

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


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

There are also ethical rules that have nothing to do with clients and others. For example, appraisers must be able to produce their work files for a minimum of five years - something else Academy Appraisal, LLC makes a part of their standard routine.

Academy Appraisal, LLC holds itself to the industry standards and mandates set in place for professional behavior. We refuse to accept anything less from ourselves. Doing orders based on contingency fees is not something we can consider. That means we are not able to agree to do an appraisal report and collect payment on the contingency of the loan closing. It should be obvious that fabricating a home's value to achieve a higher paycheck is unethical! We set ourselves to a higher standard.

Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") explicitly states 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" as well as other situations. We diligently follow these rules to the letter which means you can be confident we are working hard to get you an accurate home or property value.

When you engage Academy Appraisal, LLC, we'll make sure you're getting the professional service you deserve along with the high ethical standards we're known for.