Friday, July 19, 2013

Appraisal Expert and Non-Lending Appraisal Assignments -- Liability Prevention CE Seminar, July 25, 2013, Santa Barbara, CA

I am teaching the seminar below in our hometown – Santa Barbara, CA.   It is hosted by the Southern California Chapter of the Appraisal Institute.   Appraisers who attend may become eligible for an E&O discount as mentioned below (please see details below).

This is the seminar – it’s a new topic:

Liability Issues for Appraisers Performing Litigation and Non-Lending Work
aka “staying out of the court room unless you’re being paid to be there”
(3 Hours California CE - BREA Approval No: 13CP119903001)

Course Summary 
Most current discussion of appraiser liability focuses on lawsuits and claims relating to appraisals performed for mortgage lending.  However, appraisal assignments for litigation and other non-lending purposes actually present a greater liability risk to the appraiser on a per assignment basis.  This seminar begins with an overview of current appraiser liability issues and then addresses the specific liability risks associated with appraisals for litigation, divorce, estate, tax, conservation easement and other non-lending purposes.  It also addresses special liability considerations for review appraisers and supervisory appraisers. Actual lawsuits involving appraisers form the foundation of the seminar.

These are the kinds of questions that appraisers get answered in this seminar: Who sues appraisers serving as expert witnesses? Who sues appraisers performing appraisals for tax purposes?  What’s the surest way for an appraiser to be sued for non-lending work?  What’s the likelihood of being sued about a retrospective review appraisal?  How does potential liability for a retrospective review compare with potential liability for a contemporaneous review?  What are the statutes of limitation for claims?  What special provisions should I consider putting in an engagement letter for different types of non-lending assignments?

E&O Discount Information
Appraisers who are insured by LIA’s E&O program or who purchase E&O from LIA with Liberty Mutual within a year after the seminar become eligible for a one-time discount on their premium of $50 for a $500K or $1m per claim policy or $25 for a $300k per claim policy per appraiser by completing the seminar. The discount may be applied toward any payment due within a year after the seminar.  Only one discount per insured appraiser per year – i.e., an appraiser may not obtain multiple discounts in the same year by taking multiple seminars offered by LIA.

Seminar Date, Time and Location
Thursday, July 25, 2013, 9:00 a.m. to 12:00 p.m. (check-in starts at 8:30)
Harry’s Plaza Cafe
3313 State Street  
Santa Barbara, CA 93105

Fee and Registration

This class is hosted by the Southern California Chapter of the Appraisal Institute.   The fee for the class is set and collected by the chapter and registration for the class is at this link.  The class is $50 for AI members and non-members – but note the potential credit LIAs’ provides on your E&O insurance.  LIA receives no part of the fee.  AI members, non-members, LIA-insureds or not, are all very much welcome and invited to attend the seminar.

Registration for the classes is at this link – I cannot register students for the class.

Thank you,
Peter Christensen
General Counsel
LIA Administrators & Insurance Services
www.liability.com