Monday, April 7, 2014

FREE Appraiser CE Seminar, Liability Issues for Appraisers Performing Litigation and Other Non-Lending Work, 5/2/14, Las Vegas, NV

I am teaching our 3-hour CE seminar about non-lending appraisal liability in Las Vegas on May 2. This seminar is very generously being hosted for free by the Las Vegas Chapter of the Appraisal Institute. Again, the seminar is free. Plus, LIA's insured appraisers who attend become eligible for an E&O discount as mentioned below.  Yes, we’re basically paying our insured appraisers to learn how to lower their own risk!

Space is limited. Appraisal Institute members and non-members, LIA-insureds or not, are all very much welcome and invited to attend the seminar.

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 appraiser CE credit available for NV, CA, FL, HI, OR and WA -- course approval numbers below).

Expert witness work, divorce work, appraisal review . . .  I’ll let you know where potential liability exists and perhaps improve your provision of such services.

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 and what do they sue for? 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 engagement letters 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. 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
Friday, May 2, 2014, 3:00 p.m. registration, class runs 3:30 to 6:30, Suncoast Hotel & Casino, Las Vegas, NV.

Registration is through the chapter. The registration information is at this link: http://lvai.org/wp-content/uploads/2014/04/REGISTRATION-Brochure-Liability-Issues-for-Appraisers-Perform-Litigation-Other-Non-Lending-Work-May-2-2014-REV-4-22-142.pdf


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

Appraiser CE Course Approval Numbers -- 3 hours:
California 13CP119903001
Florida 0009162
Hawaii 14-171
Nevada CE.0008666-A
Washington AP3233