Quality Appraisals by Boscoe, LLC provides honest and ethical appraisals for Lake County

Quality Appraisals by Boscoe, LLC maintains the utmost professional ethics

Appraising is generally a long term career. The rigors of becoming a licensed appraiser have increased more than ever before. So it goes without question these days that real estate appraisal can certainly be called a profession rather than a trade. As with any profession we are bound by ethical considerations.

We have quite a few obligations as appraisers, but our chief duty is to our clients. 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 relating to an assignment are to be discussed with the appraiser's client. So, as a homeowner, if you would like to obtain a copy of an appraisal report, you generally have to get it via your lender instead of the appraiser.

Other responsibilities include numerical accuracy depending on the assignment's nature, reaching and sustaining an appropriate level of competency and education, and of course, the appraiser must behave in a professional manner. Maintaining high ethics is what we do every day at Quality Appraisals by Boscoe, LLC.

In some cases appraisers will have fiduciary responsibilities to third parties, such as homeowners, both sellers and buyers, or others. Generally the third parties are explicitly defined in the appraisal report. An appraiser's fiduciary duty is limited to those third parties who the appraiser is aware of, based on the scope of work or other written parameters of the order.


	Quality Appraisals by Boscoe, LLC has an established track record for producing competent and ethically superior appraisals. To learn more, contact us.

There are also ethical rules that have nothing to do with whom we share information. For example, appraisers must keep their work files for a minimum of five years - at Quality Appraisals by Boscoe, LLC you can rest assured that we abide by that rule.

Quality Appraisals by Boscoe, LLC holds itself to the industry standards and guidelines set in place for ethics. We refuse to accept anything less from ourselves. Working on orders based on contingency fees is never an option. That is, we don't agree to do an appraisal report and get paid only if the loan closes. There's certainly a conflict of interest if an appraiser can report a larger value with the reward of getting paid more money! We set ourselves to a higher standard.

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 assured we are going above and beyond to provide an unbiased determination of the home or property value.

With Quality Appraisals by Boscoe, LLC, you can be assured of 100 percent ethical, professional service.