Appraisers as Independent Contractors for AMCs: Looking More Closely at AB 5

I’ve had many questions from appraisers, appraisal management companies (AMCs) and attorneys about independent contractor classification of appraisers under AB 5, California’s new “gig worker law,” and in relation to my earlier article on the subject. Is the work of independent contractor appraisers outside the “usual course of business” of Read more…

Appraisal Firms and AMCs with Appraiser Independent Contractors in California: Get Familiar with AB 5 Real Quick

Note: Readers can now find cases, laws and articles relating to appraiser independent contractor classification in the “AB 5 Center.” Appraisal firms and appraisal management companies utilizing independent contractor appraisers in California need to get familiar with Assembly Bill 5 (AB 5) – California’s new “gig worker” law. As was Read more…

Are Commercial Appraisers Entitled to Overtime? A Pending Class Action Filed Against BB&T Might Answer that Question

Overtime class actions by residential real estate appraisers have ravaged large appraisal firms and management companies for the last six years. While there were a few earlier cases, the first signs that overtime litigation under the federal Fair Labor Standards Act (FLSA) would become a widespread problem for appraisal firms Read more…

Appraisal Firms, AMCs and “Hybrid”​ AMC/Firms: Beware of Dynamex and Its Impact on Classifying Appraisers as Independent Contractors in California

Classifying “staff appraisers” as independent contractors, rather than as employees, is a very common business practice among real estate appraisal firms. And, of course, appraisal management companies (AMCs) use a business model that depends entirely on panels of independent contractor appraisers who fulfill orders for appraisals that managed by the Read more…