INTERACTION
Uniform Appraisal System by Expert Appraisers Co. A standardized appraisal system has been developed by Expert Appraisers Co. to ensure that appraisals are conducted consistently across Canada and the United States. In recent years, insurance companies, law firms, Service Ontario, Ministry of Transportation (MTO), and owners of all types of vehicles, motorcycles, and personal property have increasingly sought assurances regarding the accuracy and fairness of appraisals. Our appraisal process ensures that clients do not miss any essential components. Valuations of vehicles, motorcycles, and personal property can be challenging for insurers, law firms, Service Ontario, and MTO due to the limited historical data available to them. Owners of all types of vehicles, motorcycles, and personal property should be aware of the true value of their possessions. Expert Appraisers Co. adheres to rigorous appraisal standards that meet a minimum benchmark, ensuring satisfaction for all stakeholders in both Canada and the United States. Our evaluations consider auction results, current market offerings, and established valuations, in addition to physical inspections of the assets. The history, pedigree, and other relevant factors of a vehicle, motorcycle, or personal property can significantly influence its overall valuation. Our evaluations also highlight any negative findings to ensure complete transparency. At Expert Appraisers Co., we are committed to providing professional and credible appraisal services that adhere to the highest standards. Our comprehensive and consistent appraisals ensure the trust of insurers, law firms, clients, purchasers, sellers, and other interested parties..
LIABILITY
Obligations of Expert Appraisers Co. Appraisals are regarded as expert assessments and are often deemed appropriate in a court of law. As such, there are several key obligations that an appraiser must fulfill: Data Transparency: The appraiser must provide a clear explanation of any specific requirements for the data used in the evaluation. If the data was not independently verified for accuracy, this should be explicitly stated. The appraiser is ultimately responsible for confirming the validity of their expert conclusions, and any individual deemed an employee or assistant is vicariously liable for their actions. Accuracy and Integrity: During the appraisal of any type of vehicle, motorcycle, or personal property, Expert Appraisers Co. must take reasonable steps to avoid any inaccuracy, distortion, deceit, or unlawful behavior. Ethical Conduct: It is Expert Appraisers Co.'s policy to never knowingly engage in conduct or omissions that could be considered dishonorable, unethical, or inappropriate under any relevant circumstances. Fairness, Sincerity, and Transparency: Fairness, sincerity, and transparency are core values that guide all operations at Expert Appraisers Co.. Contractual Adherence: All appraisals must be completed in strict accordance with the terms of the contract. Due Diligence: To ensure the completeness and accuracy of the appraisal, Expert Appraisers Co. will conduct thorough due diligence throughout the process. Professionalism and Expertise: When valuing any type of vehicle, motorcycle, or personal property, Expert Appraisers Co. will demonstrate a high level of knowledge, experience, skill, and professionalism throughout the entire appraisal process.
LIMITATION
Appraisal Procedures and Practices In addition to examining and recording the vehicle/motorcycle VIN numbers and personal property/item identifiers, the appraisers also inspect and document the vehicle/motorcycle itself or the personal property/item, along with any associated documents such as ownership, registration, item number, and receipts. This procedure ensures the authenticity of the property. In the case of a vehicle, if there is a Carfax, UVP, or vehicle history report, or if the personal property has a documented history, a copy will be provided by the client. At least twelve (12) photographs of the vehicle/motorcycle must be taken, including views from the top, front, back, trunk, sides, corners, dashboard, engine, and frame. A few photographs of any personal property item will also be taken. It is essential to document three comparable vehicles/motorcycles that are either currently for sale or have recently sold in the market or at auto auctions. For legibility and professionalism in documentation, digital text and images are preferred. To keep our clients informed of current market trends, Expert Appraisers Co. utilizes a variety of reputable sources such as AutoTrader, J.D. Power, Kelley Blue Book, CarGurus, NADA, Edmunds, Kijiji, Classic Cars Report, Internet sales, auto auctions, Home Depot, Lowe’s, Amazon, eBay, and any other relevant resources or business transactions that may contribute to the appraisal. Expert Appraisers Co. serves as a third-party in claims and is not a government agency nor an enforcement entity. We do not represent any side in court proceedings. However, assistance can be provided by our contact team. Vehicle, motorcycle, or personal property appraisals are professional services, and fees may be applied based on the time and effort required to complete the final document. With over 25 years of experience in the automotive field, we have been actively involved in various aspects of the industry. The opinions and conclusions presented in this report reflect the appraiser’s professional judgment based on the facts and conditions available at the time of the appraisal. Expert Appraisers Co. and its employees have not performed any appraisal or other services regarding the property in question within the three-year period preceding the acceptance of this assignment. The appraiser has no personal interest or bias in relation to the parties involved and has conducted a personal inspection of the subject property. Our compensation is not contingent upon reporting any specific predetermined value or direction of value. The intended purpose of this report is to determine the Fair Market Value or Liquidation Value of the property. Market Value is defined as the price at which the property would change hands between a willing buyer and a willing seller, with neither being under compulsion to buy or sell and both having reasonable knowledge of relevant facts. Liquidation Value is the price at which the property would change hands under financial distress or other limiting circumstances, requiring a sale at a reduced price.
CODE OF ETHICS
Commitment to Ethical Conduct and Fair Market Evaluations Based on current market trends, Expert Appraisers Co. is dedicated to performing unbiased and fair market evaluations. Both publicly and privately, the appraiser must uphold a high level of integrity, which Expert Appraisers Co. accepts as the standard of conduct. It is the policy of Expert Appraisers Co. to refrain from engaging in any conduct that could, under any circumstances, reasonably be regarded as insulting to human dignity or integrity. Furthermore, Expert Appraisers Co. will not use any symbols or practices that, under any circumstances, could be perceived as offensive. Our commitment is to conduct business in an ethical and respectful manner, always considering the rights and interests of all parties involved. Expert Appraisers Co. has provided expert valuations and appraisals to various entities, including Service Ontario, insurance companies, law firms, and for estates and inheritances over the years, consistently maintaining the highest standards of professionalism and respect.
TERMS AND CONDITIONS
Service Valuation Terms and Conditions The online and in-person service valuations provided by Expert Appraisers Co. are based on the information you provide, as well as the amount you claim to have paid. The accuracy of your description and the amount stated are confirmed through the client's email or verbal communication regarding the purchase. The information supplied must include pictures and receipts. If fraudulent information is submitted, Expert Appraisers Co. will not be held responsible or liable for any consequences arising from such actions. Any individual who makes false or misleading statements may be subject to penalties, imprisonment, or both, as outlined under subsections 32(4) and 32(4.1) of the Retail Sales Tax Act. As part of routine correspondence with the ministry, vendors may be requested to provide receipts, copies of checks, and other relevant documentation to substantiate their claims. Therefore, it is essential to disclose accurate details of your vehicle, motorcycle, or personal property with honesty when providing information to Expert Appraisers Co.. If Expert Appraisers Co. receives inaccurate or misleading information from you, we are not responsible for any legal consequences, fines, or penalties you may face. The intended use of this report is strictly limited to the purpose outlined on the cover/title page. This report should be used in its entirety and is not intended for any other purpose or for distribution to other parties. Any subsequent work or requests beyond the scope of this report will be billed separately at a rate to be determined. All facts and data presented in this report are true and accurate to the best of the appraiser’s knowledge and belief. Please note that it is not possible to guarantee that the requested appraisal amount will match the final appraisal amount. Your request will be reviewed alongside the supporting documents and information provided. As a condition of this agreement, Expert Appraisers Co. will not be held responsible in a court of law and will not issue any refunds if the final vehicle appraisal amount differs from what the client or other parties expected, or if the appraisal is rejected by the insurer or other parties. If there is physical damage to the vehicle or noticeable mechanical issues that require a lower valuation than the Used Vehicle Information Package (MTO) wholesale value, please email images, receipts, and supporting documents to info@expertappraiserscorporation.ca.
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