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

REID E. CHOATE & ASSOCIATES, LLC upholds the utmost professional ethics

Appraising is, by and large, a long term career. The rigors of becoming a licensed appraiser have become more difficult than ever in the past. That's why it goes without question these days that real estate appraisal can unquestionably be called a profession as opposed to a trade. In our field, as with any profession, we have a strict ethical code.

We have many obligations as appraisers, but our chief duty is to our clients. Most of the time, for a typical residential appraisal, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client. Subsequently, appraisers have certain duties of confidentiality to their clients, plus many rules and regulations controlling with whom we share information. So, as a homeowner, if you want a copy of an appraisal report, you generally should get it from your lender and not the appraiser.

Other obligations include accurate sums appropriate to the scope of the assignment, acquiring and keeping a certain level of competency and education, and the appraiser must conduct him or herself as a professional. Maintaining high ethics is just normal course of business for us at REID E. CHOATE & ASSOCIATES, LLC.

Appraisers will often need to consider the interests of third parties, such as homeowners, sellers and buyers, or others. Generally the third parties are specifically defined in the appraisal report. An appraiser's fiduciary responsibility is limited to those parties who the appraiser is aware of, based on the scope of work or other things in the framework of the job.

REID E. CHOATE & ASSOCIATES, LLC has an established track record for completing competent and ethically superior appraisals. Contact us today to learn more.


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

When creating reports, we follow the highest ethical standards possible. Doing orders where our fee is dependent on our value conclusion is not something we can consider. That means we are not able to agree to do an appraisal report and collect payment on the contingency of the loan closing. It should be apparent to anyone that fabricating a property's value to achieve a bigger paycheck is unethical!

Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") also describes unethical behavior as accepting 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 objectively determine the home or property value.

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