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Price Appraisals & Realty, LLC provides honest and ethical appraisals for Travis County

For honest and ethical appraisals, count on Price Appraisals & Realty, LLC

Appraising is a profession, and appraisers are professionals. Requirements to become a licensed appraiser have increased more than ever in the past. So it goes without question these days that real estate appraisal can definitely be considered a profession rather than a trade. In our field, as with any profession, we are bound by ethical considerations.

An appraiser's chief obligation is to their client. 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. Subsequently, appraisers are privy to a lot of information, and like an attorney, can only discuss many of these matters with their client. As a homeowner, if you would like to obtain a copy of the appraisal document, you generally have to obtain it from your lender instead of the appraiser.

Other responsibilities include numerical accuracy depending on the assignment parameters, acquiring and maintaining an appropriate level of competency and education, and the appraiser must conduct him or herself as a professional. Maintaining high ethics and client confidentiality is just normal course of business for us at Price Appraisals & Realty, LLC.

There are some scenarios in which appraisers will have fiduciary responsibilities to third parties, including homeowners, buyers and sellers, or others. Those third parties normally are listed in scope of the appraisal assignment itself. An appraiser's fiduciary duty is only to those parties who the appraiser knows, based on the scope of work or other things in the framework of the order.

Price Appraisals & Realty, LLC has an established reputation 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 whom we share information. For example, appraisers must keep their work files for at least five years - something else Price Appraisals & Realty, LLC makes a part of their standard routine.

Price Appraisals & Realty, LLC holds itself to the industry standards and guidelines set in place for professional behavior. We refuse to accept anything less from ourselves. Accepting assignments where our fee is dependent on our value conclusion 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. It should be obvious that fabricating a home's value to achieve what amounts to a higher paycheck is unethical!

Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") explicitly states 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" 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 provide an unbiased determination of the home or property value.

When you engage Price Appraisals & Realty, LLC, we'll make sure you're getting the professional service you expect along with the high ethical standards we're known for.