The New Jersey assembly member who introduced an appraisal anti-discrimination bill last week has introduced a second bill with more detailed requirements to be imposed on appraisers, appraisal management companies (AMCs) and real estate agents/brokers – including a requirement that they provide sellers of residential property with a pamphlet about Read more…
Update: A new bill (A-5185) has been introduced in NJ on this same subject with more detailed requirements. A new article has been posted here. New Jersey has become the second state in which legislation has been introduced this year to address current allegations of discrimination in residential appraising. Introduced 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…
In Illinois, a bill (HB 5862) has been introduced to amend the Illinois Real Estate Appraiser Licensing Act and the Real Estate License Act to expressly prohibit discrimination in appraisals, broker price opinions (BPOs) and comparative market analyses (CMAs) for residential real estate. The bill would amend each licensing act Read more…
This webinar occurred on February 28, 2020. You may download the slides below. *** The next free webinar from the Christensen Law Firm is “Engagement Agreements for Non-Lending Assignments, Just for California and Washington Appraisers.” February 28, 2020 at 9:30 a.m. Pacific. In this webinar, I’ll cover: How to create Read more…
Note: This webinar already has occurred. You may download the slides below. I’ll be hosting the Christensen Law Firm’s next free video webinar for appraisers on January 31, 2020 (at 9:30 a.m. Pacific) – it’s the “California Legal Update just for Appraisers!” In this webinar, I’ll cover: Three new 2020 Read more…
When it comes to E&O insurance, all appraisers should take the time to understand the concepts of “claims made” and “prior acts” coverage in their policies. Let’s start with this basic fact — all E&O insurance sold to appraisers and similar professions is “claims made” insurance coverage. To understand how claims made Read more…