Inyo Mono Appraisal Services maintains the highest professional ethics

We have a great deal of responsibilities as appraisers, but our main 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 contracted in order to maintain independence. Certain elements pertaining to an assignment are to be shared with the appraiser's client. So, as a homeowner, if you want a copy of the appraisal document, you normally should get it via your lender and not the appraiser.

Other obligations include accurate sums appropriate to the nature of the report, acquiring and maintaining a certain level of competency and education, and naturally, the appraiser must bear a professional demeanor. Maintaining high ethics is standard operating procedure for us at Inyo Mono Appraisal Services.

There are some scenarios in which appraisers will have fiduciary responsibilities to third parties, including homeowners, sellers and buyers, or others. Those third parties normally are spelled out in scope of the appraisal assignment itself. An appraiser's fiduciary responsibility is only to those third parties who the appraiser is aware of, based on the scope of work or other things in the framework of the order.

Appraisers also have standards outside of boundaries of with whom we share information For example, appraisers must store their work files for at least five years - at Inyo Mono Appraisal Services you can rest assured that we stick to that rule.

We demand the highest professional integrity possible from ourselves. Working on orders where our fee is dependent on our value conclusion is not something we can consider. That means we are not able to agree to do an appraisal report and collect payment on the contingency of the loan closing. It should be obvious that fabricating a property's value to achieve a bigger fee is unethical! This isn't how we operate.

Finally, the Uniform Standards of Professional Appraisal Practice also 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" in addition to other situations We follow these rules to the letter which means you can be assured we are doing everything we can to provide an unbiased determination of the home or property value.

As soon as you order an appraisal from Inyo Mono Appraisal Services, we'll make sure you're getting the professional service you expect along with the business principles we're known for.