Rudin Appraisals provides honest and ethical appraisals for Middlesex County

Rudin Appraisals maintains the highest professional ethics

Appraising is a profession, and appraisers are professionals. 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 definitely be called a profession rather than a trade. As with any profession we are bound by an ethical code.

An appraiser's primary obligation is to their client. Normally, in residential practice, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client. Subsequently, appraisers are privy to a lot of data, and like an attorney, can only discuss many of these matters with their client. As a homeowner, if you desire to review an appraisal report, you normally have to request it from your lender instead of the appraiser.

Other obligations include numerical accuracy depending on the scope of the assignment, reaching and sustaining a respectable level of competency and education, and naturally, the appraiser must bear a professional demeanor. Maintaining high ethics is standard operating procedure for us at Rudin Appraisals.

There are some scenarios in which appraisers will have fiduciary responsibilities to third parties, including homeowners, sellers and buyers, or others. Those third parties normally are defined 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 written parameters of the order.


	Rudin Appraisals has worked hard for its track record for providing competent and ethically superior appraisals. To learn more, contact us.

There are also ethical standards that have nothing to do with clients and others. For example, appraisers must backup their work files for a minimum of five years - something else Rudin Appraisals takes very seriously.

While busy with an assignment, we follow the highest ethical standards possible. Accepting assignments based on contingency fees is never an option. That means we can't agree to do an appraisal report and base our pay upon coming up with a particular value conclusion. Anyone should be able to see that inflating a value to achieve essentially a higher paycheck is unethical! We set ourselves to a higher standard.

Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") clearly describes unethical behavior 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 diligently follow these rules to the letter which means you can be at ease knowing we are doing everything we can to objectively determine the home or property value.

As soon as you order an appraisal from Rudin Appraisals, we'll make sure you're getting the professional service you deserve along with the high ethical standards we're known for.