Yellow Rose Appraisals provides honest and ethical appraisals for Grayson County

Honesty and Integrity: Yellow Rose Appraisals

We consider what we do as a profession. The rigors of becoming a licensed appraiser have increased more than ever before. That's why it goes without question these days 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.

The appraiser's chief responsibility is to their client. Typically, for a standard residential appraisal, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client. Consequently, appraisers are typically restricted to only disclosing their findings to their clients, so as a homeowner, if you want a copy of the appraisal document, you generally have to obtain it via your lender.

Other responsibilities include numerical accuracy depending on the assignment parameters, attaining and keeping a particular level of competency and education, and naturally, the appraiser must bear a professional demeanor. Maintaining high ethics and client confidentiality is just normal course of business for us at Yellow Rose Appraisals.

In some cases appraisers will have fiduciary responsibilities to third parties, including homeowners, both buyers and sellers, or others. Normally the third parties are explicitly defined in the appraisal report. An appraiser's fiduciary duty is restricted to those parties who the appraiser knows, based on the scope of work or other written parameters of the assignment.


	Yellow Rose Appraisals has worked hard for its reputation for completing appraisals with the highest of ethics. To learn more, contact us.

Appraisers also have rules outside of boundaries of clients and others. For example, appraisers must be able to produce their work files for at least five years - something else Yellow Rose Appraisals makes a part of their standard routine.

We meet or exceed the industry standards and guidelines set in place for ethics. We won't accept anything less from ourselves. Accepting assignments where our fee is dependent on our value conclusion is never an option. That means we can't agree to do an appraisal report and collect payment on the contingency of the loan closing. There's certainly a conflict of interest if an appraiser can report a larger value with the reward of getting paid more money!

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" as well as other situations. We diligently follow these rules to the letter which means you can be at ease knowing we are working hard to provide an unbiased determination of the home or property value.

With Yellow Rose Appraisals, you can be assured of 100 percent ethical, honest service.