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

Honesty and Integrity: REID E. CHOATE & ASSOCIATES, LLC

We think of our business as a profession. Requirements to become a licensed appraiser have become more difficult than ever before. That's why it goes without question these days that real estate appraisal can definitely be dubbed a profession rather than a trade. As with any profession we must follow strict ethical considerations.

An appraiser's primary responsibility is to their client. Typically, in residential practice, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client. Subsequently, appraisers are privy to a lot of information, and like an attorney, can only discuss many of these matters with their client. As a homeowner, if you would like to review the appraisal document, you normally should obtain it through your lender instead of the appraiser.

Other obligations include accurate figures appropriate to the parameters of the report, reaching and sustaining a respectable level of competency and education, and of course, the appraiser must behave in a professional manner. Maintaining high ethics and client confidentiality is just normal course of business for us at REID E. CHOATE & ASSOCIATES, LLC.

Appraisers can also have fiduciary obligations to third parties, such as homeowners, sellers and buyers, or others. Those third parties normally are listed in scope of the appraisal assignment itself. An appraiser's fiduciary duty is restricted to those parties who the appraiser is aware of, based on the scope of work or other things in the framework of the order.

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.


There are also ethical rules that have nothing to do with whom we share information. For example, appraisers must store their work files for a minimum of five years - at REID E. CHOATE & ASSOCIATES, LLC you can rest assured that we stick to that rule.

We demand the highest ethical standards possible from ourselves. Doing assignments where our fee is dependent on our value conclusion is never an option. That is, we are not able to agree to do an appraisal report and base our pay upon coming up with a particular value conclusion. It should be apparent to anyone that fabricating a property's value to achieve a higher paycheck is unethical! We just don't do it.

Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") 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 follow these rules to the letter which means you can be at ease knowing 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.