Appraisers experiencing a slowdown in their workload may consider doing expert work. Some appraisers believe that taking on expert assignments will protect them from potential litigation. However, no specific type of work guarantees protection against lawsuits. It is important to clarify that we are not advising appraisers to decline expert assignments. What we are emphasizing is that expert work carries its own risks, just like lender work. Appraisers should not take on expert assignments with the misconception that it is a simple way to fill the gap until their regular assignments increase, or that it is a way to make some easy money.
Learn more about this topic by Claudia Gaglione as seen in LIA Administrators & Insurance Services.
Read the complete article here.
Disclaimer: The views, opinions or examples included in the linked article are those of the author and do not necessarily reflect an official policy or position of ASA or its members.