F. Lee Appraisal Services provides honest and ethical appraisals for Los Angeles County

F. Lee Appraisal Services maintains the highest professional ethics

We think of what we do as a profession. Requirements to become a licensed appraiser have increased more than ever before. That's why it goes without question in this day and age that real estate appraisal can certainly be considered a profession as opposed to a trade. In our field, as with any profession, we are bound by an ethical code.

The appraiser's primary responsibility is to their client. Generally, 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 retained to maintain independence. It follows that appraisers are typically limited to only disclosing their findings to their clients, so as a homeowner, if you want to review the appraisal document, you normally have to get it from your lender and not the appraiser.

Other responsibilities include numerical accuracy depending on the assignment parameters, acquiring and keeping a respectable level of competency and education, and the appraiser must conduct him or herself as a professional. Maintaining high ethics and client confidentiality is standard operating procedure for us at F. Lee Appraisal Services.

Appraisers can regularly have fiduciary obligations to third parties, such as homeowners, both sellers and buyers, or others. Those third parties normally are defined in scope of the appraisal assignment itself. An appraiser's fiduciary responsibility is restricted to those parties who the appraiser is aware of, based on the scope of work or other things in the framework of the assignment.


	F. Lee Appraisal Services has worked hard for its reputation for performing appraisals with the highest of ethics. 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 a minimum of five years - at F. Lee Appraisal Services you can rest assured that we abide by that rule.

While working on an assignment, we follow the highest ethical standards possible. Doing orders based on contingency fees is never an option. In other words, we don't agree to do an appraisal report and get paid only if the loan closes. There's an obvious conflict of interest if an appraiser can report a greater value and then get paid more money! We just don't do it.

Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") also states 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 follow these rules to the letter which means you can rest easy knowing we are going above and beyond to get you an accurate home or property value.

With F. Lee Appraisal Services, you can be assured of 100 percent ethical, professional service.