Purchases of Appraiser Liability 101 ($60) on www.valuationeducation.com in January and February 2020 will include a free copy of Risk Management for Real Estate Appraisers and Appraisal Firms, published by the Appraisal Institute.
I offer a 4-hour online risk management course for real estate appraisers called Appraiser Liability 101. The course is hosted on my education website: www.valuationeducation.com. It’s available 24/7 and consists of video chapter presentations by me. (Completion of the course qualifies you for a discount on appraiser E&O insurance with LIA.)
Appraiser Liability 101 covers current liability trends affecting appraisers and dispels common myths and misunderstandings. The course is focused primarily on appraisals and appraisal reviews for mortgage loans. Actual lawsuits and claims form the foundation of the program.
These are the types of questions answered by the course: Who sues appraisers? What do they sue for? What are the most common errors that lead to lawsuits? How do the USPAP concepts of intended use and user relate to an appraiser’s potential liability? Based on recent case law, how can appraisers best protect themselves against unwarranted liability? What liability exposures exist for appraisal review work? Should I operate my firm as an LLC or corporation?
Here is what an appraiser in Hawaii recently wrote after completing Appraiser Liability 101: “Your online course … was great. I was actually sorry to see it was over, and I can’t say this of any other CE class that I’ve taken.”