Honesty and Integrity: Mike Nye

The appraiser's primary obligation is to their client. Typically, for a regular residential appraisal, 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 privacy to their clients, plus many rules and regulations to which we must adhere. As a homeowner, if you would like to review the appraisal document, you normally have to request it through your lender.

Other obligations include accurate calculations appropriate to the parameters of the assignment, attaining and sustaining an adequate level of competency and education, and the appraiser must conduct him or herself as a professional. Maintaining high ethics is what we do every day at Mike Nye.

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

	Mike Nye has worked hard for its reputation for producing competent and ethically superior appraisals. To learn more, contact us.

There are also ethical standards that have nothing to do with whom we share information. For example, appraisers must backup their work files for at least five years - at Mike Nye you can rest assured that we stick to that rule.

When creating reports, we follow the highest ethical standards possible. Working on assignments based on contingency fees is never an option. That is, we are not able to agree to do an appraisal report and base our pay upon coming up with a particular value conclusion. There's certainly a conflict of interest if an appraiser can report a greater value with the reward of getting paid more money! We set ourselves to a higher standard.

Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") clearly describes a violation in ethics 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" in addition to other situations We diligently follow these rules to the letter which means you can be assured we are going above and beyond to provide an unbiased determination of the home or property value.

With Mike Nye, you won't have any doubts that you're getting 100 percent ethical, professional service.