The McPherson Company, LLC provides honest and ethical appraisals for Knox County

The McPherson Company, LLC upholds the utmost professional ethics

Appraising is a profession, and appraisers are professionals. Requirements to become a licensed appraiser have increased more than ever in the past. That's why it goes without question these days that real estate appraisal can certainly be considered a profession rather than a trade. As with any profession we must follow strict ethical considerations.

The appraiser's primary obligation is to their client. Typically, for a standard residential appraisal, 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 shared with the appraiser's client. As a homeowner, if you desire to review an appraisal report, you generally have to request it via your lender instead of the appraiser.

Other responsibilities include accurate sums appropriate to the scope of the report, attaining and keeping a certain level of competency and education, and naturally, the appraiser must bear a professional demeanor. Maintaining high ethics and client confidentiality is what we do every day at The McPherson Company, LLC.

Appraisers may also have fiduciary obligations to third parties, such as homeowners, both buyers and sellers, or others. Generally the third parties are explicitly defined in the appraisal report. An appraiser's fiduciary duty is limited to those third parties who the appraiser is aware of, based on the scope of work or other things in the framework of the job.


	The McPherson Company, LLC has an established reputation for providing appraisals with the highest of ethics. Contact us today to learn more.

Appraisers also have standards outside of boundaries of clients and others. For example, appraisers must keep their work files for at least five years - at The McPherson Company, LLC you can rest assured that we adhere to that rule.

We only perform to the highest ethical standards possible. Working on assignments based on contingency fees is never an option. In other words, we can't agree to do an appraisal report and collect the fee only if the loan closes. There's a definite conflict of interest if an appraiser can report an unsubstantiated value and then get paid more money! This isn't how we operate.

Finally, the Uniform Standards of Professional Appraisal Practice explicitly 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" as well as other situations. We follow these rules to the letter which means you can be confident we are working hard to provide an unbiased determination of the home or property value.

With The McPherson Company, LLC, you can be assured of 100 percent ethical, professional service.