KT Appraisers provides honest and ethical appraisals for Knox County

KT Appraisers upholds the highest professional ethics

Appraising is a profession, and appraisers are professionals. The rigors of becoming a licensed appraiser have increased more than ever before. So it goes without question in this day and age that real estate appraisal can definitely be called a profession as opposed to a trade. As with any profession we are bound by ethical considerations.

We have a lot of responsibilities as appraisers, but our primary duty is to our clients. Normally, in residential practice, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client. Certain matters relating to an assignment are to be shared with the appraiser's client. As a homeowner, if you want to obtain a copy of the appraisal document, you normally have to obtain it via your lender and not the appraiser.

Other obligations include numerical accuracy depending on the assignment parameters, reaching and sustaining a particular level of competency and education, and the appraiser must conduct him or herself as a professional. Maintaining high ethics and client confidentiality is standard operating procedure for us at KT Appraisers.

In some cases appraisers will have fiduciary responsibilities to third parties, including homeowners, both buyers and sellers, or others. Generally the third parties are specifically defined in the appraisal report. An appraiser's fiduciary responsibility is only to those third parties who the appraiser knows, based on the scope of work or other things in the framework of the order.


	KT Appraisers has worked hard for its track record for completing appraisals with the highest of ethics. To learn more, contact us.

Appraisers also have standards outside of boundaries of clients and others. For example, appraisers must be able to produce their work files for at least five years - something else KT Appraisers makes a part of their standard routine.

We meet or exceed the industry standards and rules set in place for professional behavior. We won't accept anything less from ourselves. Accepting orders based on contingency fees is not something we can consider. That is, we can't agree to do an appraisal report and get paid only if the loan closes. There's an obvious conflict of interest if an appraiser can report a larger value and then get paid more money! We set ourselves to a higher standard.

Finally, the Uniform Standards of Professional Appraisal Practice also states 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 follow these rules to the letter which means you can be assured we are doing everything we can to provide an unbiased determination of the home or property value.

With KT Appraisers, you won't have any doubts that you're receiving 100 percent ethical, honest service.