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Six Appraiser Lawsuits Filed During the Pandemic and the Lessons from Each

February 28 @ 6:45 pm - 9:00 pm

In this 2 hour seminar, Peter Christensen will update appraisers on common liability issues that affect good appraisers so that appraisers know the higher risk areas that actually cause claims, impart why and how the USPAP concepts of client/intended user and intended use relate to legal claims against appraisers, let appraisers know there is no magic language, but still point them to some key wording and dispel some myths about appraiser liability.

Learning Objectives of the Seminar
Using 6 different recent lawsuits against appraisers as the background, the learning objectives of this seminar are to provide real estate appraisers with an ability to do the following:

1. Understand the key legal elements of a professional negligence claim.
2. Understand why and how the USPAP concepts of client/intended user and intended use relate to legal claims against appraisers.
3. Understand why narrow, precise intended use and user language is critical to liability prevention.
4. Understand the difference between professional negligence claims and property damage claims, and the applicable insurance coverage issues.
5. Know that alternative, “hard-money” or “asset-based” lenders pose a much higher risk to appraisers than traditional bank and mortgage lenders.
6. Understand the applicable statute of limitations and the importance of retaining workfiles longer than the minimum required by USPAP.
7. Understand the importance of the appraiser’s work file to liability prevention.
8. Appreciate that cutting corners or being complacent leads to claims.
9. Understand that allegations of discrimination present difficult legal issues, that discrimination claims can involve either intentional or unintentional discrimination.
10. Understand how limited liability entities relate to individual professional liability.
11. Know that claims against appraisers don’t only relate to mortgage lending appraisals.

Presenter: Peter Christensen

Peter Christensen is an attorney and his law practice is focused on providing legal counsel for matters concerning real estate valuation services and insurance coverage. He’s the author of Risk Management for Real Estate Appraisers and Appraisal Firms published by the Appraisal Institute. His clients include appraisers, appraisal firms and management companies, as well as investors and technology companies. Prior to forming the Christensen Law Firm (www.valuationlegal.com), Peter worked with the national law firms of Latham & Watkins LLP and lrell & Manella LLP. For 14 years, he then served as the general counsel of LIA Administrators & Insurance Services, which provides liability insurance to thousands of appraisers, appraisal firms and right-of-way service providers. He continues to provide risk management education on behalf of LIA. Peter earned both his BS and JD at the University of California at Berkeley.

Peter’s presentation of this seminar is sponsored by E&O provider LIA Administrator & Insurance Services – www.liability.com.

You must complete both the NCAREA registration and the Zoom registration in order to receive CE credit for this seminar.

Event Registration - Free

  • You must be a member of NCAREA or CAREA to receive 2 hrs of CE credit. Guests may attend for free, but will not receive CE credit.
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Details

Date:
February 28
Time:
6:45 pm - 9:00 pm

Venue

Zoom
Denver, CO 80216 United States

Organizer

Andrew J Davis
Phone:
3035505658
Email:
reflections.appraisal@gmail.com