Our team of experienced, licensed and certified appraisers provide our clients with timely, high-quality residential valuation services in accordance with the USPAP, the Dodd-Frank and all Appraiser Independence Requirements.
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We donate our time and money to our favorite charity and would be thrilled if you joined us in supporting Arizona Helping Hands, Inc. which is a 501(c)(3) non-profit corporation. Arizona Helping Hands is a volunteer organization committed to helping kids, families and other persons in need in Arizona.
Honesty and Integrity:
Appraising is generally a long term career. Requirements to become a licensed appraiser have increased more than ever in the past. That's why it goes without question in this day and age that real estate appraisal can certainly be dubbed a profession as opposed to a trade. As with any profession we have a strict ethical code.
We have quite a few responsibilities as appraisers, but our chief duty is to our clients. Typically, in residential practice, the appraiser's client is the lender ordering the appraisal, and often the appraisal is ordered by a third party the lender has retained to maintain independence. Thereon, appraisers have certain duties of privacy to their clients, plus many rules and regulations controlling with whom we share information. So, as a homeowner, if you would like to review the appraisal document, you normally have to request it from your lender.
Other obligations include numerical accuracy depending on the assignment's nature, acquiring and sustaining an appropriate level of competency and education, and the appraiser must conduct him or herself as a professional. Here at Priority Appraisal, LLC, we take these ethical responsibilities very to heart.
Appraisers may regularly have fiduciary obligations to third parties, including homeowners, both sellers and buyers, or others. Those third parties normally are listed in scope of the appraisal assignment itself. An appraiser's fiduciary role is limited to those parties who the appraiser is aware of, based on the scope of work or other things in the framework of the order.
Priority Appraisal, LLC has an established reputation for providing competent and ethically superior appraisals. Contact us today to learn more.
Appraisers also have standards outside of boundaries of clients and others. We meet or exceed the industry standards and mandates set in place for professional behavior. We can't accept anything less from ourselves. Completing orders based on contingency fees is never an option. In other words, we don't agree to complete 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 fee is unethical! We just don't do it.
Finally, the Uniform Standards of Professional Appraisal Practice explicitly describes a violation in ethics 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.
As soon as you request an appraisal from Priority Appraisal, LLC, we'll make sure you're getting the professional service you deserve along with the honesty and integrity we're known for.
Appraiser licensing varies from state to state. To participate in what is called a "federally-related transaction," which is, for example, a mortgage being underwritten by a national bank, an appraiser must be licensed or certified by his or her state. The license or certification is evidence that the appraiser has performed a certain number of hours as a trainee under the supervision of a practicing appraiser, may have passed an examination, and completes a certain number of hours of Continuing Education Training.
We have worked hard to establish a reputation for quality and prompt work, performed professionally and ethically, with outstanding customer service. You should never just look for a licensed appraiser; you should be discriminating in choosing your service providers.
You should always be sure your appraisal service provider is licensed and in good standing. The Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council (FFIEC) maintains a national database of appraisers and their license/certification status. It is available publicly at this link.
Our appraisers our on the FHA Roster of approved residential appraisers. We're qualified and approved to do appraisals for FHA insured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
The U.S. Department of Housing and Urban Development maintains a national database of FHA approved appraisers. It is available publicly at this link.
MAA – Member of the Association of Appraisers. An individual who holds an appraisal license, certification or similar appraisal credential issued by a governmental agency; and who accepts the membership requirements and objectives of the National Association of Appraisers.