Centennial Appraisal Group provides honest and ethical appraisals for Jefferson County

Honesty and Integrity: Centennial Appraisal Group

Typically, appraising is a long term career. The rigors of becoming a licensed appraiser have increased more than ever in the past. So it goes without question in this day and age that real estate appraisal can certainly be considered a profession rather than a trade. In our field, as with any profession, we are bound by an ethical code.

An appraiser's chief responsibility is to their client. Typically, in residential practice, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client. It's important to know that many details pertaining to an assignment are to be discussed exclusively with the appraiser's client. So, as a homeowner, if you desire a copy of an appraisal report, you generally have to request it via your lender.

Other obligations include accurate figures appropriate to the nature of the report, acquiring and sustaining a particular level of competency and education, and of course, the appraiser must behave in a professional manner. Maintaining high ethics is just normal course of business for us at Centennial Appraisal Group.

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


	Centennial Appraisal Group has an established reputation for completing competent and ethically superior appraisals. Contact us today to learn more.

Appraisers also have standards outside of boundaries of with whom we share information For example, appraisers must be able to produce their work files for at least five years - at Centennial Appraisal Group you can rest assured that we adhere to that rule.

When working on an appraisal, we follow the highest ethical standards possible. Doing orders based on contingency fees is not something we can consider. That is, we can't agree to do an appraisal report and get paid only if the loan closes. Anyone should be able to see that fabricating a home's value to achieve essentially a bigger fee is unethical! We just don't do it.

Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") clearly defines 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 diligently follow these rules to the letter which means you can be confident we are doing everything we can to objectively determine the home or property value.

With Centennial Appraisal Group, you won't have any doubts that you're getting 100 percent ethical, honest service.