For Honest and Ethical Appraisals, Rely on JLS Valuations, LLC

At JLS Valuations, LLC, we view our role as a profession, not just a trade. The process to become a State Certified appraiser has become increasingly rigorous, solidifying real estate appraisal as a true profession. As with any profession, we are bound by strict ethical standards.

Our primary obligation is to our client, who is typically the lender in a residential appraisal. We adhere to a set of rules and regulations that ensure confidentiality and accuracy. For instance, homeowners generally need to request a copy of the appraisal report through their lender due to privacy regulations.

We are committed to precise calculations, maintaining a high level of competency and education, and upholding professional conduct. At JLS Valuations, LLC, we prioritize ethics and confidentiality in every appraisal we conduct.

At JLS Valuations, LLC, we recognize that appraisers sometimes have fiduciary responsibilities to third parties, such as homeowners, buyers, and sellers, as defined in the scope of the appraisal assignment. Our fiduciary duties are strictly limited to those parties specified in the scope of work or written parameters of the order.

In addition to our responsibilities to clients, we adhere to industry rules and regulations. For instance, we diligently maintain our work files for a minimum of five years, in compliance with industry standards.

We are committed to exceeding industry standards for professional behavior. We do not accept assignments based on contingency fees—meaning we do not agree to perform an appraisal with the fee contingent upon the loan closing. Additionally, we do not work on percentage fees, which could create a conflict of interest by incentivizing inflated valuations. We strictly avoid any unethical practices prohibited by state laws and professional organizations.

The Uniform Standards of Professional Appraisal Practice (USPAP) clearly outlines unethical behavior, including accepting assignments contingent on reporting predetermined results or favoring a client's cause. We adhere to these rules meticulously, ensuring that we provide objective and accurate property valuations.