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Liability case a reminder about protective language
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On Jan. 4, 2017, the Washington Supreme Court, in the case RockRock Group v. Value Logic, denied a petition for review of a lower appellate court’s earlier decision upholding a judgment in favor of the appraisers. The outcome of this case highlights the importance for appraisers of using protective language regarding intended users and intended use of appraisals in their reports. Valuation Review reached out to the legal expert involved in the case for his insight on this matter. Read on to find out what we were told.
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