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

Appraising is a profession, and appraisers are professionals. The rigors of becoming a licensed appraiser have become more difficult than ever in the past. That's why it goes without question in this day and age that real estate appraisal can definitely be dubbed a profession as opposed to a trade. As with any profession we are bound by an ethical code.

We have a lot of responsibilities as appraisers, but first and foremost we answer to our clients. Normally, in residential practice, the appraiser's client is the lender ordering the appraisal, and often the appraisal is ordered by a third party the lender has contracted in order to maintain independence. Certain details pertaining to an assignment are to be discussed with the appraiser's client. So, as a homeowner, if you would like a copy of an appraisal report, you generally should get it via your lender.

Other obligations include numerical accuracy depending on the assignment's nature, attaining and sustaining a particular 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 be obligated to consider the interests of third parties, such as homeowners, sellers and buyers, or others. Those third parties normally are defined in scope of the appraisal assignment itself. An appraiser's fiduciary role 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.

REID E. CHOATE & ASSOCIATES, LLC has worked hard for its track record for producing competent and ethically superior appraisals. Contact us today to learn more.


Appraisers also have duties outside of boundaries of with whom we share information For example, appraisers must backup their work files for at least five years - something else REID E. CHOATE & ASSOCIATES, LLC diligently adheres to.

REID E. CHOATE & ASSOCIATES, LLC holds itself to the industry standards and guidelines set in place for ethics. We can't accept anything less from ourselves. Accepting assignments where our fee is dependent on our value conclusion is never an option. That means we don't agree to do an appraisal report and collect payment on the contingency of the loan closing. There's certainly a conflict of interest if an appraiser can report a larger value with the reward of getting paid more money!

Finally, the Uniform Standards of Professional Appraisal Practice clearly 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 assured we are working hard to objectively determine the home or property value.

With REID E. CHOATE & ASSOCIATES, LLC, you can be assured of 100 percent ethical, honest service.