Navigating Risk & the Workfile

This course will introduce you to the liability environment for appraisers in both the broadest sense - complaints by your clients and by intended or unintended users and readers of your reports - and in the narrower sense - state and/or federal disciplinary actions. What is the difference between intentional and unintentional actions on your part? What constitutes discrimination? Is there a clear line that identifies what is discriminatory language? Does your liability change for different categories of appraisals - eg. FNMA form reports vs Litigation Assignments vs Tax Assignments such as Estate or Trust work vs Hybrid or Desktop Appraisals? If you are cited, what are the limits of your liability and how can you protect yourself? Most importantly, what should you have in your work file and how long must you keep it? Remember most complaints against appraisers come long after the assignment was completed.