Winner of the George L. Schmutz Award
Facing a lawsuit is a scenario
that most appraisers would rather not think about, but it is a reality of the valuation
profession. Risk Management for Real Estate Appraisers and Appraisal Firms provides
practitioners with realistic, effective suggestions for managing the risks
associated with valuation assignments.
Presenting
information based on published court opinions and actual professional liability
insurance claims, the book examines
why appraisers get sued, the elements of the most common claims, and the
appraiser’s best tools for reducing liability risk. Unique issues relating to specific
areas of appraisal work are covered—including residential and commercial
lending, appraisal review, expert witness, and arbitration services. Strategies
for mitigating risks relating to the operation of appraisal firms are also
discussed.
Risk
Management for Real Estate Appraisers and Appraisal Firms will
help appraisers assess their liability and take steps to lessen their risk and protect their
appraisal practices.