Tuesday, October 19, 2010

"Quick Tips" at ReadiMember.org

At ReadiMember.org, we started a new feature in the resources section for members called "Quick Tips."  Every week in Quick Tips, LIA and READI offer pinpoint suggestions on ways for appraisers to reduce their risk and potential liability. These are just the tips – no introduction, no story. 

Here is an excerpt from this week's Quick Tip entitled "Include a Reference to Limiting Conditions in Your Engagement Letter":

". . . some types of limiting conditions (such as limitations of your liability or provisions requiring the appraiser to be indemnified) will not be effective if a court views them as terms or conditions to which your client did not agree.  To make them more effective, we suggest that appraisers consider including one of the provisions suggested below in the engagement agreement with the client . . ."
Appraisers who wish to register for free access to these tips on readimember.org may email info@readimember.org to receive an access code for registration.