The Legal Side of Appraising: Hot Topics & Reducing Risks

This seminar educates real estate appraisers about key legal concepts, laws and issues of current concern affecting appraisal practice. It helps appraisers understand professional liability issues and key laws, and assists in reducing legal risk. 

The course answers specific questions for appraisers, such as:

• Who owns your appraisal report? Why does that matter?
• How does the Gramm Leach Bliley Act really apply to appraisers? Does it apply to commercial work?
• Why should I use an engagement agreement for non-lending work?  Where can you find good samples? What are the key parts of the engagement agreement?
• How does USPAP relate to a professional negligence claim?
• What are the most common reasons appraisers are sued?
• What’s the most important language in an appraisal report – in relation to an appraiser’s potential liability?