Herrenbruck Appraisals, LLC provides honest and ethical appraisals for Milwaukee County

Herrenbruck Appraisals, LLC upholds the highest professional ethics

Typically, appraising is a long term career. The rigors of becoming a licensed appraiser have increased more than ever in the past. That's why it goes without question in this day and age that real estate appraisal can unquestionably be dubbed a profession as opposed to a trade. In our field, as with any profession, we must follow strict ethical considerations.

The appraiser's primary obligation is to their client. Typically, for a standard 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. 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 would like to review the appraisal document, you normally should request it from your lender.

Other obligations include numerical accuracy depending on the assignment's nature, reaching and sustaining an appropriate level of competency and education, and naturally, the appraiser must bear a professional demeanor. Maintaining high ethics is what we do every day at Herrenbruck Appraisals, LLC.

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


	Herrenbruck Appraisals, LLC has worked hard for its track record 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 backup their work files for at least five years - at Herrenbruck Appraisals, LLC you can rest assured that we abide by that rule.

We only perform to the highest ethical standards possible. Accepting assignments where our fee is dependent on our value conclusion is not something we can consider. In other words, we are not able to agree to do an appraisal report and get paid only if the loan closes. Anyone should be able to see that fabricating a home's value to achieve essentially a bigger fee is unethical! We just don't do it.

Finally, the Uniform Standards of Professional Appraisal Practice explicitly 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 at ease knowing we are going above and beyond to objectively determine the home or property value.

As soon as you engage Herrenbruck Appraisals, LLC, we'll make sure you're getting the professional service you deserve along with the high ethical standards we're known for.