P.M. Appraisals, Inc. provides honest and ethical appraisals for Suffolk County

P.M. Appraisals, Inc. maintains the utmost professional ethics

We consider what we do as a profession. The rigors of becoming a licensed appraiser have increased more than ever before. That's why it goes without question these days that real estate appraisal can definitely be called a profession rather than a trade. As with any profession we have a strict ethical code.

The appraiser's chief responsibility is to their client. Typically, for a regular residential appraisal, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client. Appraisers are typically limited to only disclosing their findings to their clients, so as a homeowner, if you want to obtain a copy of the appraisal document, you normally should request it through your lender and not the appraiser.

Other responsibilities include accurate sums appropriate to the parameters of the report, reaching and sustaining a respectable level of competency and education, and naturally, the appraiser must bear a professional demeanor. Here at P.M. Appraisals, Inc., we take these ethical responsibilities very to heart.

Appraisers will frequently need to consider the interests of third parties, including homeowners, both buyers and sellers, or others. Typically the third parties are specifically defined in the appraisal report. An appraiser's fiduciary duty is limited to those parties who the appraiser knows, based on the scope of work or other written parameters of the order.

P.M. Appraisals, Inc. has worked hard for its reputation for producing appraisals with the highest of ethics. Contact us today to learn more.


There are also ethical duties that have nothing to do with clients and others. For example, appraisers must backup their work files for at least five years - at P.M. Appraisals, Inc. you can rest assured that we abide by that rule.

We only perform to the highest ethical standards possible. Working on assignments based on contingency fees is not something we can consider. That means we can't agree to do an appraisal report and get paid only if the loan closes. There's an obvious conflict of interest if an appraiser can report a larger value and then get paid more money! We set ourselves to a higher standard.

Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") explicitly describes 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 diligently follow these rules to the letter which means you can be confident we are doing everything we can to provide an unbiased determination of the home or property value.

When you order an appraisal from P.M. Appraisals, Inc., we'll make sure you're getting the professional service you deserve along with the honesty and integrity we're known for.


P.M. Appraisals, Inc. P.O. Box 625 Babylon, NY 11702
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