Sims Appraisal Company provides honest and ethical appraisals for Knox County

Sims Appraisal Company upholds the highest professional ethics

Generally, appraising is a long term career. The rigors of becoming a licensed appraiser have become more difficult than ever in the past. So it goes without question in this day and age that real estate appraisal can certainly be called a profession rather than a trade. As with any profession we must follow strict ethical considerations.

We have a great deal of obligations as appraisers, but our primary duty is to our clients. More often than not, 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 a lot of details relating to an assignment are to be discussed with the appraiser's client. As a homeowner, if you desire to obtain a copy of the appraisal document, you generally have to get it from your lender and not the appraiser.

Other responsibilities include numerical accuracy depending on the assignment's nature, acquiring and sustaining a respectable level of competency and education, and the appraiser must conduct him or herself as a professional. Here at Sims Appraisal Company , we take these ethical responsibilities very to heart.

Appraisers will often be obligated to consider the interests of third parties, such as homeowners, buyers and sellers, or others. Those third parties normally are spelled out in the appraisal assignment itself. An appraiser's fiduciary duty is restricted to those parties who the appraiser is aware of, based on the scope of work or other written parameters of the assignment.


	Sims Appraisal Company has worked hard for its reputation for performing competent and ethically superior appraisals. To learn more, contact us.

Appraisers also have duties outside of boundaries of clients and others. For example, appraisers must backup their work files for at least five years - something else Sims Appraisal Company takes very seriously.

Sims Appraisal Company holds itself to the industry standards and guidelines set in place for professional behavior. We can't accept anything less from ourselves. Accepting assignments based on contingency fees is not something we can consider. That means we are not able to 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 an unsubstantiated 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 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" as well as other situations. We diligently follow these rules to the letter which means you can be confident we are working hard to objectively determine the home or property value.

As soon as you engage Sims Appraisal Company , we'll make sure you're getting the professional service you expect along with the honesty and integrity we're known for.