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Posted Date: Wednesday, February 21, 2024
The New Jersey Legislature proposed a bill requiring the State Real Estate Appraiser Board to adopt alternative programs for appraisers, including experiential requirements for prospective real estate appraisers attempting to qualify for licensure or certification.
Valuation Review spoke with the Appraisal Institute’s State & Industry Affairs Manager Scott DiBiasio for his insight and clarification on this particular piece of legislation.
Read on to find out more.
Appraiser News, Legal News
Posted Date: Wednesday, February 14, 2024
Valuation Review spoke with Joseph Englert, attorney/partner at McGuireWoods, LLP and Emma Leonelli, associate at McGuireWoods, who frequently represent insurance policyholders in complex insurance coverage disputes, including those when an appraisal provision is invoked.
They work closely with the party-appointed appraiser to provide an objective and defensible loss assessment.
Read on to learn more from Englert and Leonelli.
Appraiser News, Legal News
Posted Date: Monday, February 5, 2024
The Alabama Supreme Court recently dismissed an appeal by Great American Insurance Co. that sought to overturn a trial court’s order denying its motion to compel an appraisal in a dispute over hurricane damage to a beachfront condominium complex.
The insurer argued that its motion was subject to the Federal Arbitration Act because an appraisal is akin to arbitration, which means it can appeal the Baldwin County Circuit Court’s decision to deny it.
Read on for more details surrounding this case.
Appraiser News, Legal News
Posted Date: Wednesday, January 17, 2024
The Indiana Legislature introduced a bill that would address appraisal discrimination.
The bill would add to the duties of the homeowner protection unit of the Office of the Attorney General.
Read on to learn more about this proposed legislation.
Appraiser News, Legal News
Posted Date: Wednesday, January 10, 2024
An internet provider leased a utility duct from Norfolk Southern Railway Co.
When it came time to renew the lease, the provider and Norfolk Southern could not agree to the renewal rent, resulting in a dispute and a lawsuit.
Read on for more information concerning this case.
Commercial Corner, Legal News
Posted Date: Monday, January 8, 2024
A Washington state legislator plans to file a bill giving consumers the right to invoke an independent appraisal when there’s a disagreement about costs to repair a vehicle.
The bill, if passed, would allow the consumer to make a written demand for a third-party appraiser.
Read on for more details.
Appraiser News, Legal News
Posted Date: Friday, December 22, 2023
The New Jersey Senate approved a bill regarding house appraisals.
Legislation supporters say the bill would help historically disadvantaged residents move up through economic ranks in a state with one of the nation’s largest racial wealth gaps.
Read on for more details.
Appraiser News, Legal News
Posted Date: Wednesday, December 20, 2023
The real estate profession has its eyes on the trial in New York involving former President Donald Trump where the testimony of an appraiser could be the key of the proceedings.
Valuation Review spoke with attorney Craig Capilla, who offered his legal insight on this matter.
Read on to find out what Capilla shared with us.
Appraiser News, Legal News
Posted Date: Monday, December 4, 2023
A North Carolina man was sentenced to a year in prison for his role in conspiring to defraud the United States in a syndicated conservation easement tax shelter scheme that claimed more than $1.3 billion in fraudulent tax deductions. The defendant was also ordered to pay more than $129 million in restitution.
Appraiser News, Legal News
Posted Date: Monday, November 20, 2023
The United States Attorney’s Office, Eastern District of Louisiana/Department of Justice announced a Nevada resident was charged with misprision of a felony for concealing wire fraud by emailing an art appraisal that misrepresented his honest assessment of the appraised art’s value.
Legal News