All NJ Real Estate Services, LLC upholds the utmost professional ethics

We think of our job as a profession. 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 definitely be dubbed a profession as opposed to a trade. As with any profession we must follow strict ethical considerations.

The appraiser's chief responsibility is to their client. Typically, for a standard residential appraisal, the appraiser's client is the lender ordering the appraisal. Appraisers are required to only disclosing information to their clients, and as a homeowner, if you desire to review an appraisal report, you generally have to get it from your lender. Other responsibilities also include, accurate calculations appropriate to the scope of the report, acquiring and keeping a respectable level of competency and education, and the appraiser must conduct him or herself as a professional. Here at All NJ Real Estate Services, LLC, we take these ethical responsibilities very to heart.

All NJ Real Estate Services, LLC provides honest and ethical appraisals for Ocean County

All NJ Real Estate Services, LLC has an established reputation for completing appraisals with the highest of ethics. Contact us today to learn more.

Appraisers may also have fiduciary responsibilities to third parties, including homeowners, both buyers and sellers, or others. Normally the third parties are specifically defined in the appraisal report. An appraiser's fiduciary duty is restricted to those third parties who the appraiser knows, based on the scope of work or other written parameters of the job.

There are also ethical duties that have nothing to do with clients and others. For example, appraisers must keep their work files for a minimum of five years - at All NJ Real Estate Services, LLC you can rest assured that we abide by that rule.

We demand the highest professional integrity possible from ourselves. Doing assignments on contingency fees is not something we can consider That is, we don't agree to do an appraisal report and collect payment on the contingency of the loan closing. Another practice that's restricted is doing assignments on percentage fees. That is probably the appraisal industries most important rule, because it would tend to make appraisers up the value of homes or properties to increase their paycheck. We set ourselves to a higher standard. Other unprofessional practices may be defined by state law or professional organizations that the appraiser belongs.

The Uniform Standards of Professional Appraisal Practice (USPAP) also states unethical behavior 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," "the amount of a value opinion," as well as other situations. We diligently follow these rules to the letter which means you can be assured we are working hard to provide an unbiased determination of the home or property value.

With All NJ Real Estate Services, LLC, you can be assured of 100 percent ethical, professional service.