by Isaac Peck, Associate Editor
The appraiser community is still reeling from the decision of a Florida bankruptcy judge to absolve JPMorgan Chase of all liability in the case of Evaluation Solutions/ES Appraisal Services (ESA) bankruptcy case.
Over 10,000 real estate appraisers and agent/brokers were left unpaid by…
Read More
by Roy Meyer
Imagine your appraisal business built primarily around non-lender work and continuing to grow every night while you sleep. Imagine having a dedicated team committed to the success of your appraisal business and taking extended vacations while your business doesn't skip a beat. Imagine…you fill in…
Read More
“Low Bid” Appraisal Ordering and Its Effect on Quality
by Isaac Peck, Associate Editor
Any appraiser who has worked with Appraisal Management Companies (AMCs) is likely familiar with the “order by email-blast” system that some AMCs rely on to fill orders.
The process goes like this: an AMC sends an email blast to all appraisers within a…
Read More
by Philip G. Spool, ASA
My previous two articles were about estimating physical depreciation and functional obsolescence. In my article on functional obsolescence, I indicated that it is very complicated to understand and to estimate. I also discussed calculating functional obsolescence in the cost and sales comparison approaches. This article discusses…
Read More
by David Brauner, Editor
Looking over the current issue it seems obvious what ails appraisers: the marketplace is not incentivizing quality work.
The system of appraisal orders by email blast used by some appraisal management companies (AMCs), as reported in Low Bid Appraisal Ordering (in upcoming issue), leads to…
Read More
by David Brauner, Editor
We hear a lot of appraisers complain that illegal influence continues today despite new federal and state regulations designed to remove it from the process. This survey hopes to shine light on what some of you are experiencing. The results are mixed.
Over 1,000 appraisers participated in the survey;…
Read More
13
Author Tim Andersen, MAI shows you how to protect yourself from your state board and have as happy a New Year as possible. His advice? Beware of consent decrees.
Read More
21
Nearly two years have passed since Working RE first reported the story of John Dingeman, an appraiser who faced the difficult choice of either violating USPAP's Confidentiality Section or suffering the wrath of JP Morgan Chase by refusing. Finally, this holiday season, there is some good news to share.
Read More
Home Inspector Liability In today’s real estate atmosphere, a huge issue for home inspectors is managing their liability. Working RE strives to protect their inspector readers and provide informative articles concerning home inspector liability. These are a few stories for Home Inspectors that tell real life stories, give advice, and provide tips for reducing and…
Read More
Real Estate Appraiser Insurance OREP Insurance Services is a leading provider of Appraisers Errors & Omissions Insurance for real estate appraisers. In addition to the lowest rates and broadest coverage, that is customized for real estate appraisers to fit their individual appraising needs, OREP provides timely information to help appraisers limit their liability and increase…
Read More
