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

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

Typically, appraising is a long term career. Requirements to become a licensed appraiser have increased more than ever before. That's why it goes without question these days that real estate appraisal can unquestionably be considered a profession as opposed to a trade. In our field, as with any profession, we have a strict ethical code.

The appraiser's chief responsibility is to their client. Typically, for a normal residential appraisal, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client. Consequently, appraisers have certain duties of privacy to their clients, plus many rules and regulations that must be followed. So, as a homeowner, if you want to review an appraisal report, you normally have to request it via your lender.

Other responsibilities include numerical accuracy depending on the assignment parameters, reaching and sustaining a certain level of competency and education, and naturally, the appraiser must bear a professional demeanor. Maintaining high ethics and client confidentiality is just normal course of business for us at REID E. CHOATE & ASSOCIATES, LLC.

In some cases appraisers will have fiduciary responsibilities to third parties, such as homeowners, sellers and buyers, or others. Normally the third parties are specifically defined in the appraisal report. An appraiser's fiduciary role is restricted to those third parties who the appraiser knows, based on the scope of work or other things in the framework of the job.

REID E. CHOATE & ASSOCIATES, LLC has worked hard for its track record for completing 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 a minimum of five years - at REID E. CHOATE & ASSOCIATES, LLC you can rest assured that we adhere to that rule.

We meet or exceed the industry standards and rules set in place for ethics. We can't accept anything less from ourselves. Working on assignments where our fee is dependent on our value conclusion is never an option. That is, we don't agree to do an appraisal report and get paid only if the loan closes. It should be apparent to anyone that inflating a value to achieve a higher fee is unethical!

Finally, the Uniform Standards of Professional Appraisal Practice also defines 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" in addition to other situations We diligently follow these rules to the letter which means you can be confident we are working hard to objectively determine the home or property value.

As soon as you order an appraisal from REID E. CHOATE & ASSOCIATES, LLC, we'll make sure you're getting the professional service you deserve along with the high ethical standards we're known for.