ZOOM - Hot Topics & Myths in Appraiser Liability
Starts:
Nov 18, 2022 8:00 AM
Ends:
Nov 18, 2022 4:00 PM
City:
Fargo
Location:
Zoom
Room:
TBA
Instructor:
Peter Christensen
CE Hours:
7
Network Provider:
NDAA
About the Course:
The objectives of the seminar are to educate appraisers about:
The most common sources and causes of professional negligence lawsuits against appraisers.
The relationship between the USPAP concepts of client/intended user and who can sue an appraiser for negligence.
· The danger areas of appraising with respect to potential liability.
· What appraisers can do to minimize liability risk (the emphasis is on the need for better and clearer disclosure, not disclaimer language).
· How to deal with common liability threat situations.
· The progress of a typical appraiser liability lawsuit, and the most common claims and defenses.
· The importance of the appraiser’s work file and what elements of the work file are most relevant to liability prevention.
· The role of professional liability insurance.
Peter Christensen’s presentation of this seminar is sponsored by the Appraisal Institute’s endorsed E&O program managed by LIA Administrators & Insurance Services. Appraisers who complete this course and who are insured by LIA become eligible for a discount on their E&O premium applied to their next renewal. In North Dakota, the E&O discount is $70 if the per claim limit of your policy is $500,000 or above, or $40 if the claim limit is lower. Please check with LIA if you have questions about your applicable E&O discount. Appraisers who join LIA’s E&O program also will receive the discount.
This seminar is approved for 7 CE hours (Appraisal) in ND, SD, and MN and (Real Estate) in ND.
Zoom Participants are required to submit your photo ID to Debbie Ellerton (debbiendaa@gmail.com) one week prior to class. Additional requirements for participation will be sent in a separate email.
About the Instructor:
Peter Christensen is an attorney and owner of Christensen Law Firm in Bozeman, Montana. His law practice is focused on matters concerning valuation services.
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