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Scotco Appraisals provides honest and ethical appraisals for San Diego County

Honesty and Integrity: Scotco Appraisals

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 in this day and age that real estate appraisal can unquestionably be called a profession as opposed to a trade. In our field, as with any profession, we are bound by ethical considerations.

We have quite a few responsibilities as appraisers, but our primary duty is to our clients. Typically, in residential practice, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client. Appraisers have certain duties of privacy to their clients, plus many rules and regulations to which we must adhere. As a homeowner, if you want to obtain a copy of the appraisal document, you normally should request it via your lender.

Other responsibilities include accurate calculations appropriate to the parameters of the report, reaching and sustaining a certain level of competency and education, and of course, the appraiser must behave in a professional manner. Maintaining high ethics is just normal course of business for us at Scotco Appraisals.

There are some scenarios in which appraisers will have fiduciary responsibilities to third parties, such as homeowners, both buyers and sellers, or others. Those third parties normally are defined in the appraisal assignment itself. An appraiser's fiduciary duty is limited to those third parties who the appraiser knows, based on the scope of work or other things in the framework of the order.

Scotco Appraisals has worked hard for its reputation for completing competent and ethically superior appraisals. To learn more, contact us.


There are also ethical standards that have nothing to do with clients and others. For example, appraisers must be able to produce their work files for a minimum of five years - something else Scotco Appraisals makes a part of their standard routine.

Scotco Appraisals holds itself to the industry standards and rules set in place for ethics. We won't accept anything less from ourselves. Accepting orders based on contingency fees is not something we can consider. That is, we don't agree to do an appraisal report and base our pay upon coming up with a particular value conclusion. There's an obvious conflict of interest if an appraiser can report a greater value with the reward of getting paid more money! This isn't how we operate.

Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") clearly defines 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 be confident we are working hard to objectively determine the home or property value.

As soon as you engage Scotco Appraisals, we'll make sure you're getting the professional service you deserve along with the honesty and integrity we're known for.