Thank you to the Appraisal Institute and its team for publishing my book Risk Management for Real Estate Appraisers and Appraisal Firms.
The book gives practical guidance about liability risk associated with appraisal work and the operation of appraisal firms. The topics range from appraisal negligence to non-compete agreements, appraiser overtime, and independent contractor classification.
The real world cases are interesting! The first lawsuit in the book concerns an appraisal of a property called The Resort at Squaw Creek — adjacent to the Squaw Valley ski area. During negotiations to restructure the resort’s debt, someone left a copy of the 400-page appraisal report performed for the lender in a vacant room at the hotel. A housekeeper found it and a copy made its way to the hotel management company and its president (a well-known hotelier). They were upset when they read that the appraiser described their management as “incompetent” and opined that the resort would be worth $18 million more if properly managed. What happens when the company and its president sue the appraiser for negligence and defamation? . . . in chapter 2 of the book.
You can get a copy of the book at a very discounted price by taking one of my online or live classes. You’ll find information about my classes here: https://www.valuationlegal.com/courses/.