Appraisers who take on a variety of valuation assignments can manage the risks associated with their work by taking realistic, effective steps, according to a new book published by the Appraisal Institute (AI) “Risk Management for Real Estate Appraisers and Appraisal Firms,” by Peter T. Christensen, with contributing author Claudia L. Gaglione, AI announced.
The book provides practitioners with suggestions for managing the risks associated with valuation assignments, while helping appraisers assess their liability and take steps to lessen their risk and protect their appraisal practices.
“Facing a lawsuit is a scenario that many appraisers would prefer not to think about, but it is a reality of the valuation profession,” Appraisal Institute President Stephen S. Wagner wrote in the book’s foreword. “Fortunately, this book can help appraisers address their fears and feel confident that they are doing all they can to lessen their risk and protect their appraisal practices.”
“Risk Management for Real Estate Appraisers and Appraisal Firms,” presents information based on published court opinions and actual professional liability insurance claims. It examines why appraisers get sued, the elements of the most common claims, and the appraiser’s best tools for reducing liability risk, AI said.
Unique issues relating to specific areas of appraisal work are covered – including residential and commercial lending, appraisal review, expert witness and arbitration services. Strategies for mitigating risks relating to the operation of appraisal firms also are discussed.
This is a 230-page soft cover book. It is available for $60 ($50 for Appraisal Institute members). Print and PDF versions are available, as is a print and PDF package.
Call 888-756-4624 or order online.