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REID E. CHOATE & ASSOCIATES, LLC provides honest and ethical appraisals for Hawaii County

For honest and ethical appraisals, rely on REID E. CHOATE & ASSOCIATES, LLC

Appraising is a profession, and appraisers are professionals. Requirements to become 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 as opposed to a trade. As with any profession we have a strict ethical code.

We have a great deal of obligations as appraisers, but our main duty is to our clients. Typically, in residential practice, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client. Certain details pertaining to an assignment are to be shared exclusively with the appraiser's client. So, as a homeowner, if you would like to review an appraisal report, you generally should get it through your lender instead of the appraiser.

Other responsibilities include numerical accuracy depending on the assignment parameters, reaching and keeping an appropriate level of competency and education, and the appraiser must conduct him or herself as a professional. Here at REID E. CHOATE & ASSOCIATES, LLC, we take these ethical responsibilities very seriously.

Appraisers will often need to consider the interests of third parties, including homeowners, both sellers and buyers, or others. Those third parties normally are listed in the appraisal assignment itself. An appraiser's fiduciary responsibility is restricted to those parties who the appraiser is aware of, based on the scope of work or other written parameters of the job.

REID E. CHOATE & ASSOCIATES, LLC has worked hard for its track record for performing competent and ethically superior appraisals. To learn more, contact us.


There are also ethical rules that have nothing to do with whom we share information. For example, appraisers must keep their work files for a minimum of five years - something else REID E. CHOATE & ASSOCIATES, LLC makes a part of their standard routine.

We require the highest ethical standards possible from ourselves. Working on orders where our fee is dependent on our value conclusion 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. It should be obvious that inflating a value to achieve essentially a higher paycheck is unethical!

Finally, the Uniform Standards of Professional Appraisal Practice 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 rest easy knowing we are doing everything we can to provide an unbiased determination of the home or property value.

When you request an appraisal from REID E. CHOATE & ASSOCIATES, LLC, we'll make sure you're getting the professional service you expect along with the business principles we're known for.