Passage Appraisal, LLC maintains the utmost professional ethics

Requirements to become a licensed appraiser have become more difficult than ever before. That's why it goes without question in this day and age that real estate appraisal can unquestionably be dubbed a profession as opposed to a trade. As with any profession we have a strict ethical code.

We have quite a few obligations as appraisers but first and foremost we answer to our clients.

Generally, for a typical residential appraisal, the lender places the order with an appraiser who becomes the lender's client. Appraisers have rules and regulations they must follow, including confidentiality for their client.

Something often asked is whether you (the client) are able to obtain a copy of an appraisal report. 
The answer is YES. 

If the appraisal is a private one, your appraiser will e-mail you a copy. And if working with a lender, you are also able to ask the lending office for a copy as well.

After reaching and sustaining a respectable level of competency and education, appraisers must behave in a professional manner. Maintaining high ethics is standard operating procedure for:   Passage Appraisal, LLC.

There are some scenarios in which appraisers will have fiduciary responsibilities to third parties, including homeowners, both buyers and sellers, or others. Generally the third parties are explicitly defined in the appraisal report. An appraiser's fiduciary responsibility is restricted to those parties who the appraiser knows, based on the scope of work or other things in the framework of the job.

Appraisers also have standards outside of boundaries of clients and others. For example, appraisers must be able to produce their work files for a minimum of five years - something else Passage Appraisal, LLC makes a standard routine.