Oregon Residential Appraisal LLC provides honest and ethical appraisals for Klamath County

For honest and ethical appraisals, trust Oregon Residential Appraisal LLC

We think of what we do as a profession. The rigors of becoming a licensed appraiser have increased more than ever before. So it goes without question these days that real estate appraisal can certainly be dubbed a profession rather than a trade. In our field, as with any profession, we have a strict ethical code.

We have a great deal of responsibilities as appraisers, but our main duty is to our clients. Typically, for a normal residential appraisal, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client. Thereon, appraisers are typically restricted to only disclosing information to their clients, so as a homeowner, if you want a copy of the appraisal document, you normally have to request it via your lender instead of the appraiser.

Other obligations include accurate figures appropriate to the scope of the report, attaining and maintaining a respectable level of competency and education, and the appraiser must conduct him or herself as a professional. Here at Oregon Residential Appraisal LLC, we take these ethical responsibilities very to heart.

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


	Oregon Residential Appraisal LLC has an established reputation for producing 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 store their work files for at least five years - at Oregon Residential Appraisal LLC you can rest assured that we stick to that rule.

When working on an order, we follow the highest ethical standards possible. Accepting assignments where our fee is dependent on our value conclusion is never an option. That is, we can't agree to do an appraisal report and base our pay upon coming up with a particular value conclusion. There's an obvious conflict of interest if an appraiser can report a larger 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") explicitly states 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" in addition to other situations We diligently 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.

With Oregon Residential Appraisal LLC, you can be assured of 100 percent ethical, professional service.