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Expand Your Practice: Arbitration Do’s and Don'ts
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Arbitration presents a growing area of opportunity for valuation professionals who can serve as arbitrators, testifying expert witnesses, or consultants. Each of these three roles, and their associated responsibilities, is discussed with a focus on the function of the arbitrator. This seminar provides a thorough introduction to arbitration and explores the various ways valuation professionals can provide services competently and ethically in this growing area of practice. An in-depth look at the arbitration process, from the preliminary hearing to the final award is taken. Common arbitration scenarios and real-world examples are discussed, and sound guidance is provided to help practitioners handle the risks and challenges associated with arbitration. The seminar is a useful overview of the arbitration process and the opportunities it presents to appraisers seeking to increase their versatility and expand their practices into the interesting and rewarding area of arbitration.
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On Demand |
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Program State Approval & Hours
Some AI educational programs may not be approved in every state and every delivery format. To see a list of all state approvals across all formats for this course, please use the link below.
View all approvals for this course
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Appraisers who are considering expanding their practices into the area of arbitration.
- Know what arbitration is and how it fits into the dispute resolution process.
- Identify which role you are filling in an arbitration.
- Understand the responsibilities of an expert witness in arbitration.
- Understand the responsibilities of the consulting expert in arbitration.
- Know what disclosures should be made before being retained and during the arbitration.
- Recognize appropriate and inappropriate (ex parte) communication.
- Know how to start the arbitration process and how to conduct hearings.
- Know how to decide what evidence is admissible.
- Know how to prepare the final award.
- Recognize the reasons for having an award vacated.
- Understand why appraisers make good arbitrators.
- Understand the liability risks of being an arbitrator.
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Appraisal Institute CE Points
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Required and/or Recommended Equipment
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