When a mortgage lender seeks to make a Veterans Administration-backed home loan, the lender requests an appraisal from the VA’s appraiser panel by using a form entitled Request for Determination of Reasonable Value. For many years, until it was revised Read more…
Under California appraiser law, does an appraiser have to use an engagement letter for each appraisal assignment? The answer is “no.” A California appraiser is not obligated to use an engagement letter or other agreement for any kind of assignment (lending or non-lending) Read more…
Appraisal management companies (AMCs) and appraisal firms with independent contractors in Michigan: it would be wise to pay attention to Michigan House Bills 4390 and 4391. These bills seek to bring California’s famous “ABC test” to contractor classification in Michigan Read more…
In 2020, a California certified general appraiser filed a lawsuit against Wells Fargo in state court under a special section of the California Labor Code called the Private Attorneys General Act (PAGA). Essentially, PAGA enables private parties and their attorneys to Read more…
I am offering my new 7-hour CE class Appraiser Law in the Real World on April 21, 2023, 8:30 am to 4:30 pm at the Coast Inn at Lake Hood in Anchorage, Alaska. The offering of this class is specifically and only for Alaska and Washington appraisers. The Alaska Read more…
I had the pleasure to do an impromptu interview of the CEO/founder of one favorite clients about the subject of non-USPAP evaluations. Deb Clark, MAI is the CEO/founder of Eval.com. What she’s done is crack the code on how appraisers and Read more…
California’s AB 5 – the anti-independent contractor law – was “overturned” for appraisers by a new exemption created under the fix-it bill AB 2257. It went into effect last September, but . . . the problem is that many appraisers and Read more…
I am offering my 7-hour CE class Hot Topics and Myths in Appraiser Liability live via Zoom on March 11, 2021, 9:00 am to 4:00 pm (AK). The offering of this class is specifically and only for Alaska appraisers. I’ve enjoyed teaching prior classes in both Read more…
If you’re a California, Idaho, Oregon or Washington appraiser, please join me and my special guest former California BREA Chief Jim Martin for a presentation of a new appraiser CE class: Six Recent Appraiser Lawsuits (and the Lessons from Each). Approved Read more…
The Louisiana Real Estate Appraisers Board (LREAB) has followed through on its previously signaled plan to file an appeal with the U.S. Supreme Court of a key Federal Trade Commission (FTC) determination against it in the FTC’s price-fixing case. On Read more…