Wood Appraisal Service maintains the utmost professional ethics

The appraiser's primary obligation is to their client. Generally, 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 hired in order to maintain independence. It follows that appraisers have certain duties of confidentiality to their clients, plus many rules and regulations that must be followed. So, as a homeowner, if you want a copy of an appraisal report, you normally should request it from your lender.

Other obligations include numerical accuracy depending on the scope of the assignment, attaining and keeping a respectable level of competency and education, and the appraiser must conduct him or herself as a professional. Here at Wood Appraisal Service, we take these ethical responsibilities very to heart.

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

	Wood Appraisal Service has worked hard for its track record for performing appraisals with the highest of ethics. To learn more, contact us.

There are also ethical duties that have nothing to do with whom we share information. For example, appraisers must store their work files for at least five years - at Wood Appraisal Service you can rest assured that we adhere to that rule.

We require the highest professional integrity possible from ourselves. Doing orders based on contingency fees is not something we can consider. In other words, we can't agree to do an appraisal report and collect payment on the contingency of the loan closing. It should be obvious that inflating a value to achieve what amounts to a bigger paycheck is unethical! This isn't how we operate.

Finally, the Uniform Standards of Professional Appraisal Practice clearly defines 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", 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 doing everything we can to get you an accurate home or property value.

With Wood Appraisal Service, you won't have any doubts that you're receiving 100 percent ethical, professional service.