Diminished Value Method, LLC Code of Ethics
We follow a strict Code of Ethics as follows: 📜
Each employee of Diminished Value Method, LLC acknowledges the importance of principles such as personal integrity, professional competence, and fundamental ethics, and as such he/she agrees:
- 🧑💼 We shall always conduct ourselves in a responsible and professional manner and use fair and equitable business practices when rendering appraisal services.
- 🤝 We shall encourage and promote the highest level of ethical and professional conduct within the appraisal profession.
- 📏 We shall perform assignments ethically and competently in accordance with USPAP and any supplemental standards agreed to by the appraiser in accepting the assignment.
- 🚫 We shall not engage in criminal conduct.
- ⚖️ We shall perform assignments without partiality. We must have objectivity and independence, and be without accommodation of personal interest.
- 🚫 We shall not accept an assignment that includes the reporting of a pre-determined opinion or conclusion.
- 🚫 We shall not communicate assignment results in a misleading or fraudulent manner.
- 🚫 We shall not use or rely on unsupported conclusions relating to characteristics such as race, color, religion, etc.
- 🚫 We will not accept payment of undisclosed fees, commissions, or things of value in connection with the procurement of an assignment.
- 📚 We shall protect the confidential nature of the appraiser-client relationship.
- 📂 We shall prepare a work file for each appraisal. The file must include all necessary documentation.
- 🗃️ We shall retain the work file for a period of at least five (5) years after preparation or at least two (2) years after final disposition of any judicial proceeding in which testimony was given.
By adhering to these guidelines, we uphold the highest standards in our practice, safeguarding both our clients and the appraisal profession. 🌟