Readers Respond

Readers Respond AMC Fails, Appraisers Stiffed Push your state’s licensing board to adopt North Carolina’s system which states that an AMC that doesn’t pay for the appraisal within 30 days of the report being submitted (not addendums or requests for more comps), risks losing their N.C. registration. – posted to OREP/WRE Appraiser Talkback Blog This… Read More

From the Publisher

From the Publisher Reward, Risk and Bankrupt AMCs The extent of my business savvy is pretty simple: make more money than you spend.  So it’s hard for me to imagine a reasonable scenario in which Evaluation Solutions/ES Appraisal Services (ES) can go out of business owing appraisers and real estate agents $11 million. Neither, by...… Read More

Pressure, Subtle Influence and Plausible Deniability

Editor’s Note: Appraisers report that despite tough new appraisal independence laws, lenders, AMCs and others haven’t stopped trying to influence the process- they’re just being more careful about covering their tracks.  Fraud expert Richard Hagar, SRA, explains how to protect yourself and your independence. Pressure, Subtle Influence and Plausible Deniability by Isaac Peck, Associate Editor...… Read More

Stiffed Appraisers Go After Chase

// Stiffed Appraisers Go After Chase by Isaac Peck In January, Evaluation Solutions/ES Appraisal Services (ESA) declared bankruptcy, leaving thousands of real estate appraisers, agents, and brokers with unpaid invoices for work performed. With close to nine million dollars in unpaid invoices for appraisals and broker price opinions (BPOs), it is the worst of a...… Read More

Shopping for Real Estate E&O Insurance?

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Real Estate Errors and Omissions Insurance Is it Time to Shop? “I appreciate the great service and consideration in providing the best coverage for the best price- not to mention saving me over $100!  Thank You.” – George Post, Post Appraisal Services “Great!  Thanks for the wonderful service and ease of application.  You guys have it… Read More

E&O Insurance – Insurance: Insight and Advice from the Inside

Real Estate Errors and Omissions Insurance, Errors and Omissions Insurance, E&O Insurance
Editor’s Note: David Brauner is Senior Broker at David Brauner Insurance Services/ and Editor of Working RE Magazine. He has been providing E&O insurance to appraisers and home inspectors for 20 years. In this interview, he provides insight and advice from the inside on rates, claims, disciplinary actions, coverage and more. Insurance: Insights and Advice… Read More