E&O Binder in reports is DANGEROUS

[TJSum]

Appraising for a living is dangerous. The idea that someone is more likely to sue you because you include your E&O in the report is naive. The best way to stay clear of suits is to say what you do, do what you say, and have the paperwork to prove it.

You still can get sued if you are 100% accurate and correct with everything you do, and it costs money to defend oneself even in these circumstances. I rather not plant that seed for the borrower.

 

[Mr Rex]

The seed is already planted, we live in a litigious society. If you sleep better because you don't include your E&O, you are only fooling yourself. But hey, you do sleep better, so you have that.:new_smile-l:

 

[Delta85]

While I agree it is not a great idea to include it I also agree that it won't hold anyone back from filing suit if they want to. For those not inclined to file suit it is just another page of the 20+ page report they are getting inwhich they skip to the reconciliation page to check the value and ignore the rest.

I don't include it when possible but for clients that make this a deal breaker I will include it. I don't feel that this particular issue needs to be my Alamo with a paying customer.