Peter Christensen is an attorney and general counsel to LIA Administrators & Insurance Services in Santa Barbara, Calif. The company provides E&O coverage to more than 20,000 appraisers in the U.S. He can be reached at email@example.com.
Articles by this author:
A letter about a seemingly obscure issue from NATIONAL ASSOCIATION OF REALTORS® President Ron Phipps to federal regulators received a lot of attention in residential appraiser circles. Phipps’ Aug. 11 letter urged regulators to prohibit the use of indemnification clauses by appraisal management companies in their independent contractor agreements with appraisers. This is an important issue for not only appraisers but also sales associates and brokers.
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