The Louisiana Real Estate Appraisers Board (LREAB) has followed through on its previously signaled plan to file an appeal with the U.S. Supreme Court of a key Federal Trade Commission (FTC) determination against it in the FTC’s price-fixing case. On January 22, 2021, LREAB filed a Petition for a Writ Read more…
Update: On December 18, 2020, the Supreme Court denied LREAB’s request for a stay of the FTC’s action underlying the potential appeal — this means that, even while LREAB pursues a potential appeal to the Supreme Court, the FTC case will go forward. The first case about real estate appraisers Read more…
[Please note the author has no involvement with this case, other than reporting about it here. If you have questions about the case, please direct them to the attorneys representing the plaintiff, for whom contact information from the complaint is provided below.] On December 2, 2013, three law firms in New Read more…
Updated 1-30-13 to add information about subsidiary ES Appraisal Services. $9,349,612.97 + $1,698,799 = $11,048,411.97. That’s how much failed Evaluation Solutions and its subsidiary entity ES Appraisal Services have left in combined unpaid appraisal and BPO fees owed to appraisers and agents/brokers — according to their respective bankruptcy filings Read more…
Commercial appraisers are more likely than residential appraisers to be in the position of considering whether to sue a client for unpaid appraisal fees because their fees for a single engagement are higher, sometimes $10,000 or more. Residential appraisers, however, occasionally also face the decision when unpaid fees have accumulated Read more…