volume 30

OREP Announces New Home Inspector Insurance Program

Editor’s Note: Home Inspectors no longer have to pay more for the complete coverage they need.  A new program from OREP includes most coverages in the minimum premium ($1,250), including errors and omissions and general liability insurance. OREP Announces New Home Inspector Insurance Program Complete Coverage: New Lower Rates   OREP (Organization of Real Estate… Read More

Professional Marketplace

Category :

WRE Issues

Professional Marketplace Insurance, Education, Information Individual Appraiser E&O Rates Per Claim/Annual Aggregate Most States $1,000,000 / $2,000,000 $650.00 $500,000 / $1,000,000 $573.00 $300,000 / $600,000 $501.00 Please Note: Rates vary by state. Commercial rates are slightly higher. Please call or visit www.orep.org for more (888-347-5273). A standard deductible of $500 per claim/$1,000 aggregate is included… Read More

Industry News

Category :

WRE Issues

Industry News Lender Makes Good on AppraiserLoft Bad Debt The argument is unsettled to what degree lenders are responsible for the agents they hire to administrate valuation services- appraisal management companies (AMCs).  The case of the AMC AppraiserLoft kicked off a heated debate when it closed its doors last year, leaving an estimated $3 million… Read More

Environmental Due Diligence

In 1994 Fannie Mae formally introduced environmental due diligence to the appraisal industry- so what has changed? The Appraisal Journal (January 1995), published by the Appraisal Institute, included an article that reviewed what was then new environmental reporting requirements put in place by Fannie Mae and the new Uniform Residential Appraisal Report (URAR) form (effective January… Read More

Readers Respond

Readers Respond Fighting Your Way off Blacklist After reading your article, I am in the process of trying to make the same complaint to see if it gets me anywhere. They (very large bank) don’t give you a chance to rebut or even threaten you.  They simply send you a letter stating you have been placed… Read More

From the Publisher

From the Publisher Moving Ahead According to our How’s Business? survey (click for results), most appraisers are as busy or busier than last year. There’s still a lot of grumbling on the blogs but the silent majority seem to be back to work. Most appraisers we talk to at OREP, to place their insurance, tell… Read More