Galpin Industries provides honest and ethical appraisals for Oklahoma County

Galpin Industries maintains the utmost professional ethics

We consider our job as a profession. 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 certainly be dubbed a profession rather than a trade. As with any profession we are bound by ethical considerations.

We have a lot of responsibilities as appraisers, but our chief duty is to our clients. Typically, for a regular residential appraisal, the appraiser's client is the lender ordering the appraisal, and often the appraisal is ordered by a third party the lender has retained to maintain independence. Appraisers have certain duties of privacy to their clients, plus strict rules and regulations controlling with whom we share information. So, as a homeowner, if you want to review an appraisal report, you normally have to get it through your lender and not the appraiser.

Other obligations include numerical accuracy depending on the assignment's nature, attaining and maintaining a respectable level of competency and education, and naturally, the appraiser must bear a professional demeanor. Here at Galpin Industries, we take these ethical responsibilities very to heart.

There are some scenarios in which appraisers will have fiduciary responsibilities to third parties, such as homeowners, buyers and sellers, or others. Those third parties normally are listed in the appraisal assignment itself. 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.


	Galpin Industries has worked hard for its reputation for performing appraisals with the highest of ethics. 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 - something else Galpin Industries diligently adheres to.

We require the highest ethical standards possible from ourselves. Accepting orders 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 the fee only if the loan closes. It should be apparent to anyone that fabricating a home's value to achieve essentially a higher paycheck is unethical! We just don't do it.

Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") clearly 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" 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.

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