Moring & Associates provides honest and ethical appraisals for Craighead County

For honest and ethical appraisals, rely on Moring & Associates

We think of what we do as a profession. Requirements to become a licensed appraiser have increased more than ever before. So it goes without question in this day and age that real estate appraisal can certainly be called a profession as opposed to a trade. In our field, as with any profession, we must follow strict ethical considerations.

An appraiser's main obligation is to their client. Normally, 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 contracted in order to maintain independence. It's important to know that many matters relating to an assignment are to be shared with the appraiser's client. As a homeowner, if you desire to review an appraisal report, you generally should request it through your lender.

Other responsibilities include accurate calculations appropriate to the nature of the report, acquiring and maintaining a respectable level of competency and education, and of course, the appraiser must behave in a professional manner. Maintaining high ethics is standard operating procedure for us at Moring & Associates.

Appraisers will frequently need to consider the interests of third parties, including homeowners, buyers and sellers, or others. Normally the third parties are explicitly defined in the appraisal report. An appraiser's fiduciary duty is only to those third parties who the appraiser is aware of, based on the scope of work or other written parameters of the order.


	Moring & Associates has worked hard for its track record for producing competent and ethically superior appraisals. To learn more, contact us.

Appraisers also have rules outside of boundaries of clients and others. For example, appraisers must store their work files for at least five years - something else Moring & Associates diligently adheres to.

We require the highest ethical standards possible from ourselves. Accepting orders based on contingency fees is not something we can consider. That is, we don't agree to do an appraisal report and base our pay upon coming up with a particular value conclusion. There's certainly a conflict of interest if an appraiser can report an unsubstantiated value with the reward of getting paid more money!

Finally, the Uniform Standards of Professional Appraisal Practice also 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" as well as other situations. We follow these rules to the letter which means you can be at ease knowing we are going above and beyond to get you an accurate home or property value.

As soon as you order an appraisal from Moring & Associates, we'll make sure you're getting the professional service you expect along with the principles we're known for.