Low-Cost E&O Insurance from
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Appraisers E&O: $455
Appraisers enjoy same-day E&O insurance coverage (most cases) with an A++ carrier and other benefits through OREP. Instant financing is available.
Individual Appraiser E&O Rates
|
Per Claim/Annual Aggregate |
Most States |
|
$1,000,000 / $2,000,000 |
$590.00 |
|
$500,000 / $1,000,000 |
$520.00 |
|
$300,000 / $600,000 |
$455.00 |
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 with each policy. Prior acts coverage is provided free for qualified applicants (call for details). Beginning appraisers/trainees qualify. If you would like an application for this program or a quote for a multiple-appraiser firm or for sales/brokering, please call or visit OREP: (888) 347-5273 www.orep.org. Subscription to Working RE Magazine included. Financing available.
Appraiser Trainees Qualify for Same E&O Rates!
Beginning appraisers/trainees qualify for E&O at the same rates indicated above. For rates in your state and an application, visit: www.orep.org or call (888) 347-5273.
Inspectors: $1,250 Covers One or Multiple
Inspectors
New Streamlined Application
“Thank you very much for your very efficient & professional service. I can not believe how quickly you put this together. It has been a pleasure working with you.” - Joel Kunkel, Home Star Inspection Services
If you haven’t shopped OREP, chances are you are paying too much for E&O
insurance. The policy is offered by an “A” Rated carrier and covers all
inspectors in your company, including independent contractors. Save
money and time with OREP!
Coverage Includes: Additional Insured
Endorsement for Agents and other Referring Parties, WDI (wood destroying
insects) and Radon coverage, coverage for commercial inspections, pool, septic
and new construction/code compliance!
Financing is available. Prior acts for qualified applicants; BIPD (Bodily Injury/Property Damage) and General Liability are available. Before you write your check for E&O this year, you owe it to yourself to shop OREP. Join the many hundreds of inspectors who have switched to OREP. Call or visit for details and a quote: (888) 347-5273 or www.orep.org. info@orep.org Agent David Brauner, Calif. Insurance Lic. #0C89873.
Inspectors E&O Insurance
|
LIMIT |
Single and/or Multi-Inspector Firms |
|
$1,000,000 Limit |
$2,200 (plus taxes and fees) |
|
$500,000 Limit |
$1,850 (plus taxes and fees) |
|
$300,000 Limit |
$1,650 (plus taxes and fee) |
|
$100,000 Limit |
$1,250 (plus taxes and fees) |
|
Taxes and fees are an additional $300-$400 in most cases. |
|
Continuing Education: 50 States, 30 Titles, Classroom and
Homestudy
Appraisers and agents can now satisfy continuing education requirements
online and/or in the classroom in 50 states with reduced-fee packages of
continuing education (up to 49 hours), including the seven-hour USPAP Update
course. The coursework is offered through the OREP Education Network and
McKissock Education. Signup takes just minutes. Visit OREP.org, click OREP
Benefits and then OREP Education Network to see what’s available in your state
and for the discounts or e-mail
info@orep.org for instructions. OREP members
and others save on these special packages and on all coursework.
Appraisal Firm E&O Coverage
Many appraisal firms are surprised to learn how much they can save by shopping OREP. If your firm’s E&O policy is expiring, it pays to shop OREP for a quote. If you are experiencing an increase in rates, a decrease in coverage or new exclusions that seem unreasonable, call OREP today for a fast, competitive quote.
Group Health Care- No Application/Limitations for Pre-Existing Conditions
True Group Health Coverage: California real estate professionals qualify for programs offered through Kaiser Permanente and PacifiCare. Kaiser Permanente programs feature no pre-existing condition limitations and no-deductible plans. Visit www.orep.org and click “Benefits” or email info@orep.org with Calif. health in subject.
FHA Refresher Course– Enjoy Reduced Fees
Get up to speed on FHA appraising and
save money. The course Appraising FHA Today is designed
to help appraisers take advantage of the opportunities and
address the challenges of FHA appraising. It helps appraisers understand
specific FHA requirements and, more importantly, shows how to effectively use
the many resources FHA makes available to appraisers. The seminar focuses on
current FHA appraisal requirements and protocols. Appraisers play a key role in
ensuring that properties meet FHA health, safety and security requirements in
addition to providing a well supported value opinion. Appraisals for loans
insured by FHA present special challenges, however. To learn more about this
course and to enjoy the discount, visit OREP.org, click OREP Benefits and
then OREP Education Network or email
info@orep.org for instructions. The offer is open to all appraisers. You
must sign up for the class through this link to enjoy this and other discounts
on coursework.
Save time locating AMCs. This is an updated listing of 140 Appraisal Management Companies (AMCs). The directory is compiled and updated by a fellow appraiser and marketed through OREP/Working RE. It is designed to save you the search time of finding the companies that use appraisers nationwide. There is no guarantee of work and you do have to apply to each AMC, just like with any lender. The price is $49 and can be purchased at WorkingRE.com or OREP.org via a secure website (click Purchase AMC Directory). OREP members will find a link to purchase at a discount ($40). A PDF list will be emailed to you by the author shortly after purchase. Please remember to include a current email.
Bank Appraisers Needed
Valuation Opportunities for Bank REO
Properties
Amid the current housing
market crisis, the nation’s banks and financial institutions need qualified real
estate valuation experts for third-party services on their foreclosed and
troubled real estate properties, both residential and commercial. This is one
intermediary source that matches work with appraisers and other vendors. There
is a one-time registration fee. Orders are awarded on a bidding system, so there
is no guarantee of work. Appraisers/vendors keep 100 percent of their
negotiated fees. Through an affinity relationship, those who purchase
their E&O insurance from OREP qualify for a significant group discount at sign
up. Working RE readers also qualify for a (smaller) discount under the same
agreement. To learn more and to obtain the group discount code(s), please visit
OREP.org or WorkingRE.com and click Bank Appraisers Needed. You will find
links for more product information as well.
Solution: Protecting Appraisals &
Identity
This is a breakthrough for the profession. A new
technology solution allows appraisers to accurately associate their identity and
credentials to an unalterable “true copy” appraisal report using fingerprint
technology. Appraisers now are able to track all those who view their “true
copy” appraisal reports. The system provides guaranteed assurance of the
authentication, security and accountability of appraisal reports without
impeding existing technology. Clients can limit their liability and have
certainty that the appraisals they receive are secure and authenticated and were
created by an accurately-identified and properly credentialed appraiser. The
integrity of an appraiser’s identity and credentials serve as the basis for
their livelihood. This new technology offers that protection. For more see page
**. Through an affinity relationship established
through OREP, those who purchase their E&O insurance from OREP qualify
for a group discount at sign up. Working RE readers also qualify for a (smaller)
discount. To learn more and to obtain the group discount code(s), please visit
OREP.org or WorkingRE.com and click Appraisals and Identity Security Solution.
You will find links for more product information as well.
WRE Online Edition: What the Other Half Knows
“My email account is changing from (***) to (***). I don’t want to miss any
editions, so please update this info in your system. Thank you.” - Niki Tippets
Appraisal Services Riverton, WY
WRE Online edition reaches 45,000 appraisers every other week. Sign up today to
learn what the other half knows! WRE Online keeps you up to date between print
issues. It’s free, your information will not be shared or sold and you can opt
out anytime. Visit
www.workingre.com and “Opt In” today or send an email to
subscription@workingre.com with “opt in” in the subject.