Lucinda Wadlow upholds the highest professional ethics

We have a lot of responsibilities as appraisers, but our chief duty is to our clients. Normally, for a regular residential appraisal, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client. Thereon, appraisers have certain duties of privacy to their clients, plus many rules and regulations to which we must adhere. So, as a homeowner, if you want to obtain a copy of an appraisal report, you normally have to obtain it from your lender.

Other obligations include accurate calculations appropriate to the scope of the assignment, acquiring and sustaining an adequate level of competency and education, and the appraiser must conduct him or herself as a professional. Here at Lucinda Wadlow, we take these ethical responsibilities very to heart.

There are some scenarios in which appraisers will have fiduciary responsibilities to third parties, including homeowners, both buyers and sellers, or others. Generally the third parties are clearly defined in the appraisal report. An appraiser's fiduciary role is restricted to those third parties who the appraiser is aware of, based on the scope of work or other written parameters of the order.

	Lucinda Wadlow has worked hard for its track record for providing appraisals with the highest of ethics. Contact us today to learn more.

There are also ethical standards that have nothing to do with clients and others. For example, appraisers must store their work files for a minimum of five years - at Lucinda Wadlow you can rest assured that we stick to that rule.

We only perform to the highest ethical standards possible. Doing assignments where our fee is dependent on our value conclusion is not something we can consider. In other words, 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 higher paycheck is unethical! This isn't how we operate.

Finally, the Uniform Standards of Professional Appraisal Practice also 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" as well as other situations. We follow these rules to the letter which means you can be at ease knowing we are working hard to objectively determine the home or property value.

With Lucinda Wadlow, you won't have any doubts that you're receiving 100 percent ethical, professional service.