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

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

We think of what we do as a profession. The rigors of becoming a licensed appraiser have become more difficult than ever in the past. So it goes without question these days that real estate appraisal can unquestionably be called a profession as opposed to a trade. As with any profession we are bound by an ethical code.

We have many responsibilities as appraisers, but our primary duty is to our clients. More often than not, in residential practice, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client. It follows that 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 want to review the appraisal document, you generally have to get it from your lender and not the appraiser.

Other obligations include numerical accuracy depending on the assignment's nature, acquiring and keeping a particular level of competency and education, and naturally, the appraiser must bear a professional demeanor. Maintaining high ethics and client confidentiality is standard operating procedure for us at REID E. CHOATE & ASSOCIATES, LLC.

Appraisers will often be required to consider the interests of third parties, including homeowners, both sellers and buyers, or others. Generally the third parties are explicitly defined in the appraisal report. An appraiser's fiduciary responsibility 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 assignment.

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


There are also ethical standards that have nothing to do with whom we share information. For example, appraisers must keep their work files for at least five years - something else REID E. CHOATE & ASSOCIATES, LLC diligently adheres to.

We meet or exceed the industry standards and rules set in place for professional behavior. We can't accept anything less from ourselves. Working on orders where our fee is dependent on our value conclusion is never an option. In other words, we are not able to agree to do an appraisal report and collect the fee only if the loan closes. There's an obvious conflict of interest if an appraiser can report an unsubstantiated value and then get paid more money!

Finally, the Uniform Standards of Professional Appraisal Practice also states 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 follow these rules to the letter which means you can rest easy knowing we are working hard to get you an accurate home or property value.

When you engage REID E. CHOATE & ASSOCIATES, LLC, we'll make sure you're getting the professional service you deserve along with the principles we're known for.