Update: On December 18, 2020, the Supreme Court denied LREAB’s request for a stay of the FTC’s action underlying the potential appeal — this means that, even while LREAB pursues a potential appeal to the Supreme Court, the FTC case will go forward. The first case about real estate appraisers Read more…
In Illinois, a bill (HB 5862) has been introduced to amend the Illinois Real Estate Appraiser Licensing Act and the Real Estate License Act to expressly prohibit discrimination in appraisals, broker price opinions (BPOs) and comparative market analyses (CMAs) for residential real estate. The bill would amend each licensing act Read more…
Please consider one of my current appraiser CE classes “Liability Issues for Appraisers Performing Litigation and Non-Lending Work”Live on Zoom, November 11, 10:00 am to 1:00 pm Pacific Time, Price $59.953 CE hours, BREA Course No. 18CP119903003Course Provider LIA Insurance AdministratorsThis presentation is co-hosted by Appraiser eLearning “Appraiser Liability 101: Essential Concepts”Online Read more…
If you love CoStar, you’ll love this lawsuit. On the other hand, if you’ve been hoping that an upstart like CREXi (Commercial Real Estate Exchange, Inc.) would succeed in creating a competitive national CRE data and listing alternative to CoStar, you won’t be happy. Is CoStar using the alleged copyright Read more…
“Wow. I did not go into the basement on my last visit.”
It’s not only real estate appraisals and business valuations that lead to lawsuits alleging professional negligence and violations of practice standards. Personal property appraisers receive their fair share of claims too – often with interesting stories. In this new case, ACF FinCo I LP, which describes itself as an asset-based Read more…
The Real Deal in New York recently published a story about Cushman & Wakefield, the national real estate firm, having three separate class action lawsuits in which commercial appraisers are asserting claims for unpaid overtime and other damages because the firm (or its subsidiaries) allegedly followed a practice of classifying Read more…
Appellate decision issued in the long-standing fight between the Louisiana Real Estate Appraisers Board and the U.S. Federal Trade Commission about “customary and reasonable” appraisal fees.
This Valuation Legal Brief – California covers the latest legal matters concerning real estate valuation services in California. California Assembly passes bill (AB 1850) with exemption for contractor appraisers from AB 5! Good news for California appraisers! The California Assembly has voted (76-0) in favor of a bill that will provide an Read more…
This month, I’m presenting special virtual offerings of my regular 2 and 3-hour live CE classes focused on appraiser legal subjects. Due to state CE approval requirements, these classes are for CE credit in California only. LIA Administrators & Insurance Services (www.liability.com) is the sponsor and registered provider – which enables me to Read more…