Coastal Virginia Appraisals, LLC provides honest and ethical appraisals for Virginia Beach City County

Coastal Virginia Appraisals, LLC upholds the highest professional ethics

Generally, appraising is a long term career. 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 as opposed to a trade. As with any profession we must follow strict ethical considerations.

The appraiser's main obligation is to their client. Most of the time, for a regular residential appraisal, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client. Certain matters pertaining to an assignment are to be shared exclusively with the appraiser's client. As a homeowner, if you would like a copy of the appraisal document, you generally have to obtain it through your lender.

Other obligations include numerical accuracy depending on the scope of the assignment, acquiring and maintaining a respectable level of competency and education, and the appraiser must conduct him or herself as a professional. Maintaining high ethics is what we do every day at Coastal Virginia Appraisals, LLC.

There are some scenarios in which appraisers will have fiduciary responsibilities to third parties, including homeowners, both sellers and buyers, or others. Typically the third parties are clearly defined in the appraisal report. An appraiser's fiduciary duty is limited to those parties who the appraiser is aware of, based on the scope of work or other written parameters of the job.


	Coastal Virginia Appraisals, LLC has an established reputation for performing competent and ethically superior appraisals. Contact us today to learn more.

There are also ethical rules that have nothing to do with whom we share information. For example, appraisers must store their work files for at least five years - at Coastal Virginia Appraisals, LLC you can rest assured that we adhere to that rule.

We require the highest professional integrity possible from ourselves. Accepting assignments where our fee is dependent on our value conclusion is never an option. In other words, we are not able to agree to do an appraisal report and base our pay upon coming up with a particular value conclusion. Anyone should be able to see that fabricating a property's value to achieve what amounts to a bigger paycheck is unethical! This isn't how we operate.

Finally, the Uniform Standards of Professional Appraisal Practice explicitly describes a violation in ethics 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 follow these rules to the letter which means you can be confident we are working hard to objectively determine the home or property value.

When you engage Coastal Virginia Appraisals, LLC, we'll make sure you're getting the professional service you deserve along with the honesty and integrity we're known for.