liability

Hi. I contract a few times a year with an appraisal company. I've asked if I'm covered under their E&O Insurance. They say, "Yes". However, I'm wondering what to ask for (other than their word) to get confirmation that I am I'm covered for certain. If not I'll buy the insurance. Just don't...

Scenario: The client (a major lender) indicates the intended use to be "refinancing." Upon visiting the property, the keyholder shares that she is applying for a home equity line of credit. No further details. 1. On the 1004, what is the Assignment Type? 2. Is it recommended to seek more...

The phrase has been around forever; lenders want appraisers to state if the utilities are "on and working". I have this as a standing requirement now not only for vacant properties but, on all inspections. Perhaps it's so generalized that it doesn't impart any liability to the appraiser...