Appraiser Liability 101: Essential Concepts

The course available on this site is approved for 4 Hours of Appraiser CE in CA, HI, ID, OR and WA.

(The course is available for CE in other states through Appraiser eLearning. Please check out their site if you need CE in other states.)

Here is what an appraiser in Hawaii recently said about the seminar: “Your online course … was great.  I was actually sorry to see it was over, and I can’t say this of any other CE class that I’ve taken.”

Course Orientation and Policies for Appraiser Liability 101

Welcome

Please read this Course Orientation to make sure that Appraiser Liability 101 is right for you and will meet your expectations. In particular, if you are seeking continuing education credit in a state, please review the information about current state approvals below.

Acknowledgment of Course Orientation

This Course Orientation contains important information about the suitability of this course for you. If you choose to enroll in the course, you will be acknowledging that you have read and understand the Course Orientation.

Continuing Education Approval 

Appraiser Liability 101: Essential Concepts is approved by the following state appraiser licensing and certification agencies for 4 hours of appraiser continuing education credit:

  • California (Approval No. 1910722001)
  • Hawaii (Index No. 20-132, renewal of 19-001)
  • Idaho (Approved by Real Estate Appraisers Board)
  • Oregon (Course Approval No. VALE-C-0119-0001)
  • Washington (Course No. AP4135)

Course Summary and Learning Method 

This course covers current liability trends affecting appraisers and dispels some common myths and misunderstandings. It is focused primarily on appraisals and appraisal reviews for mortgage loans. Actual lawsuits and claims form the foundation of the program.

These are the types of questions answered by the course:  Who sues appraisers? What do they sue for?  What are the most common errors that lead to lawsuits? How do the USPAP concepts of intended use and user relate to an appraiser’s potential liability? Based on recent case law, how can an appraiser best protect themselves against unwarranted liability? What liability exposures exist for appraisal review work?

The course content consists of seven video lectures by attorney Peter Christensen with quizzes following each video. Each video must be watched in its entirety and the chapter video must be passed before the student can move to the next chapter.

Course Instructor

The instructor for this course is attorney Peter Christensen. Peter maintains a law practice focused on assisting clients with legal and regulatory matters concerning real estate valuation and litigation. His clients include appraisers and valuation firms, as well as technology companies and investors.

Learning Objectives

The learning objectives of the course are to provide practicing real estate appraisers with an ability to do the following: 

  1. Understand the key legal elements of a professional negligence claim and, based on that knowledge, identify the main liability risks in appraisal work.
  2. Recognize the most common parties who file lawsuits against appraisers in relation to appraisals for lending purposes.
  3. Understand why and how the USPAP concepts of client/intended user and intended use relate to legal claims against appraisers.
  4. Critically evaluate intended use and user language and develop intended use and user language that reduces liability risk.
  5. Critically evaluate appraisal report forms for liability risks they may create.
  6. Understand the most common problems in appraisals raised in claims.
  7. How to make effective disclosures in appraisal reports.
  8. Handle common liability threats and actual claims properly.
  9. Understand the importance of the appraiser’s work file to liability prevention.
  10. Know how the statute of limitations works for common claims against appraisers.
  11. Spot and address key liability issues in new forms of appraisal work (“hybrid appraisals”).
  12. Understand the special liability characteristics of appraisal review work.
  13. Understand supervisor and trainee risk.
  14. Differentiate and understand the different liability risks posed by non-lending appraisal assignments.
  15. Understand key aspects of professional liability insurance.
  16. Understand how limited liability entities relate to individual professional liability.

The discussion primarily relates to appraisal work for lending assignments. An emphasis is placed on developing the appraiser’s ability to apply the learned concepts to this type of work. 

Contact Information

Course content and access questions:
Peter Christensen (Instructor)
peter@valuationeducation.com

No Course Prerequisites, Supplemental Materials or Assignments

There are no prerequisites or supplemental materials required for the course. All elements required for completion are contained in the learning platform. There are no outside assignments or homework. A few pieces of optional outside reading are made available to students, but they are not required elements of the course.

The learning platform supports the following internet browsers:

Registration Instructions

Enrolling in this course begins on www.valuationeducation.com, our home website.

  1. On www.valuationeducation.com, you’ll find our available courses under the “Course” heading.
  2. Choose the course you want to enroll in and then click on the “Buy Course” button.
  3. Enter the requested registration information – it’s important to use your real name, so that we can give you proper education credit (if applicable).
  4. When registering, you will also choose a password.
  5. Pay the course fee by Visa or Mastercard.
  6. After registering and paying the fee, you’ll either be taken to the course automatically or you can go to our learning platform by clicking on the “Log In or Register” button in the upper right corner.
  7. You will see the course you are registered for by clicking on the “My Learning” tab on the left slide.
  8. You may now log in and out of your course anytime.
  9. You can return to the course by returning to our home page www.valuationeducation.com and clicking on the “Log In or Register” button in the right upper corner.
  10. Registration and access to the course is available at any time of day.

Specific Course Policies

  1. Course Fee. The fee for this course is $60. This is the only fee charged for the course, and there are no other materials that must be purchased to take the course or receive credit.
  2. Time for Completion. Students have 90 days after registration to complete the course at their own pace before their online access expires. However, if students need more time for any reason, they may email the instructor. When requested, we will extend the time to complete the course by an additional 90 days.
  3. Refunds. Students may obtain a full refund of the course fee for any reason during the initial 90-day access period, if they have not completed the course beyond the chapter 1 quiz. Refunds will be issued to the credit card used to purchase the course. Students found to be cheating or committing fraud in the course are not eligible for refunds.
  4. Quizzes and Grading. There are seven quizzes following each chapter video.  The course utilizes a mastery based learning method. Thus, students must complete each chapter and pass each quiz with a score of at least 70% (or higher if required in the student’s licensing state) to move onto the next chapter.  Students are given feedback in the learning platform for incorrect answers and may take the quizzes as many times as needed to master the subject matter and achieve a passing score.
  5. No Final Exam, Except In States Where Required. Other than the seven mastery quizzes following each chapter, no final exam is given at the end of the course, unless required by state law or regulation.  At this time, these states are: none.
  6. Attestation of Student Identity. When logging into the course and at the time of completion, students are required to attest to their identity and that they personally have completed all elements of the course.
  7. Cheating or Fraud. Any cheating or fraud with respect to student identity or other aspects of the course will be reported to applicable state appraiser licensing and certifying agencies. Such students will not receive course credit or a refund.
  8. Course Evaluation. At the end of the course, there is an online evaluation form. The course is not considered complete until the course evaluation has been completed.
  9. Completion of Entire Course Required for Credit. Students must complete the entire course to receive education credit. There is no partial credit.
  10. Student Assistance. Students are encouraged to seek help from the instructor when necessary to improve their learning. Contact information is provided to students in this orientation and in the learning platform.

How to Navigate the Course

While we provide written course navigation instructions below, students may find it easier to follow the course navigation video provided at the beginning of the course and as well in the “Resource Center” in the learning platform:

  1. If you have already registered for a course, go to valuationeducation.com and click on login in the upper right-hand corner of the homepage. This will bring you to the learning platform.
  2. Once you have entered the online learning platform, click on “My Learning” in the menu on the left edge of the page. If you wish to hide or show this menu, click on the three small lines on the left of the page, just to the right of the Valuation Education logo near the top.
  3. From the “My Learning” page, when your mouse is over the box labeled with the course title, it should darken and show the words “launch course” in the center. Click this to enter the course.
  4. Now you are in your course. From here, you will watch videos that contain the course content and take knowledge quizzes after every chapter. The chapters and quizzes are laid out sequentially from the top to the bottom of the page. To move on to the next video or quiz, the previous one must be completed in full.
  5. To watch a video chapter, simply press the play button in the bottom right of the video player. You will not be able to scrub through or fast forward within a video until it has been watched completely through once; after that, you can go back and forth through each video at your convenience.
  6. While viewing a chapter, you can move on to the next chapter, if unlocked, by clicking the blue box with an arrow in the upper right corner.
  7. You can exit the course by click the red x in the upper left corner.
  8. While taking a quiz, click the “Save and Continue” button below the answer choices to move on to the next question.
  9. To exit a quiz at any time, click the “Exit Assessment” button in the upper right. Your responses will be saved.