Wednesday , 6 January 2021

Peter Christensen

Peter Christensen
Peter Christensen is the principal attorney of the Christensen Law Firm www.valuationlegal.com. His work focuses on matters concerning valuation (real estate, personal property and business) and related services. He’s the author of Risk Management for Real Estate Appraisers and Appraisal Firms, published by the Appraisal Institute.

Louisiana Appraiser Board Seeks to Have Appraisal Fee Price-Fixing Case Heard by Supreme Court

This article was first published on valuationlegal.com here. The first case about real estate appraisers to reach the U.S. Supreme Court in almost 60 years may concern the Federal Trade Commission’s price-fixing claims against the Louisiana Real Estate Appraisers Board. Would that be a good thing for appraisers? Well, maybe it’s not the best timing. Filed in 2017, the FTC’s administrative complaint asserts …

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Illinois Bill Introduced to Include Prohibitions Against Discrimination in Appraiser and Real Estate Licensing Acts

This article was originally published here on valuationlegal.com. A bill to amend Illinois’ appraiser and real estate licensing acts to address discrimination. With increased public attention on the issue, complaints alleging unlawful discrimination are emerging in the courts and before regulators in relation to appraisals. In Illinois, a bill (HB 5862) has been introduced to amend the Illinois Real Estate …

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Valuation Legal Blog

My most recent posts and articles about legal and regulatory issues that affect appraisers and valuation firms are now on my law firm’s blog at www.valuationlegal.com/blog. The post Valuation Legal Blog appeared first on Valuation Education.

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Recent Cyber Attacks on CoreLogic and a Large Appraisal Firm Expose a Real Business Risk to Valuation Firms and Companies

by Peter Christensen As two recent attacks show, cyber crimes pose a real risk – legally and economically – to appraisal firms, management companies and other businesses involved in property analytics. If an operation like CoreLogic can be victimized by criminal hackers seeking property information, as it was in an attack earlier this month, any valuation firm or property analytics …

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Appraiser Disciplinary Complaints: Who is Filing Them? What for?

By Peter C We were doing some research for a project and came up with some basic data that appraisers may find interesting about disciplinary complaints to state appraiser licensing agencies.  Who files the complaints? What’s the basis? Well, here’s some data from claims reported to LIA Administrators & Insurance Services in the last three years:  Source of disciplinary complaints …

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“Hybrid Appraisals” – Speaking about the Liability Risk to Appraisers and Others at Appraisal Foundation Joint Council Meeting

By Peter C “Hybrid appraisals” — which provide a desktop value opinion from a licensed/certified appraiser relying on a physical inspection of the property by a third party such as an agent or inspector — are being marketed by AMCs and technology companies as a big part of the future of residential real estate valuation.  Examples of these products include …

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Are Commercial Appraisers Entitled to Overtime? A Pending Class Action Filed Against a Bank Might Answer that Question

By Peter C Overtime class actions by residential real estate appraisers have ravaged large appraisal firms and management companies for the last six years. While there were a few earlier cases, the first signs that overtime litigation under the federal Fair Labor Standards Act (FLSA) would become a widespread problem for appraisal firms and AMCs came in 2012, as appraisers …

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