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Appraiser Ethics

As a certified residential real estate appraiser and SRA designated member of the Appraisal Institute, I am bound by the ethical standards of my profession, such as the following:

  • I cannot perform appraisals contingent on a predetermined value.  I do not inflate the value of homes so my client can 'make the deal work'.  
  • I must keep the appraisals I perform confidential with my clients.  I cannot give a copy of the appraisal to the borrower, even though they paid for it.  The borrower must contact their lender for a copy of the appraisal or information about the results of the appraisal.
  • When a lender requests a 'comp check', they are requesting an appraisal.  A possible range of value for a specific property is an appraisal, even if it is oral.

Adhering to high ethical standards is top priority to me, and it should be to you as well.  As a Virginia state certified residential real estate appraiser I am required to take a course in the Uniform Standards of Professional Appraisal Practice (USPAP) every two years.  As an SRA designated member of the Appraisal Institute I am required to take the Business Practices and Ethics course every five years. Call me at (757) 647-6485 to order an appraisal.