NC Appraisal board complaint

[CANative]

Don't casually rely on an E&O provider to do anything about board complaints.

From July 2012 Appraisal Today newsletter.

State appraisal board cases -
increasing
Coverage for state board complaints
is very limited, as compared
with other features of appraiser E&O
policies.
Per LIA, for 2012, 45% annualized.
In 2011, 42% of all reported
claims are state board complaints, up
from 39% in 2010.
Several companies provide up to
$2,500 to $5,000 to its insureds if a
complaint is filed by their state
boards, and offers to find attorneys to
help with the state board complaints.
The number of complaints varies
widely among the states, primarily
depending on the state regulator.
There is concern about increases in
state board cases due to the "mandatory
reporting" requirement of
appraiser "problems" in Dodd-Frank.
But not much has happened yet.
Some other insurers offer limited
coverage and/or assistance if your
state appraisal board challenges one
of your appraisals. Check to see what
your E&O provider offers.

 

[Mr Rex]

Have you ever had a complaint at the NC board? I have. My E&O was of substantial help, although I had done no wrong, they have the experience to provide proper guidance that you have already paid for.

 

[ctapraser]

I am not saying not to notify but as far as sitting around hoping that your E&O will help you out with a board compliant, I say keep dreaming unless damages could result from an E or O.

Yes, but if you don't tell them, when first notified, it is almost guaranteed they will be of no help!!!!

 

[CANative]

Have you ever had a complaint at the NC board? I have. My E&O was of substantial help, although I had done no wrong, they have the experience to provide proper guidance that you have already paid for.

I just said don't count on it. Check your policy.

 

[Mr Rex]

I wasn't talking to you, but I guess it fits.

 

[CANative]

Go drink some Mountain Dew. :icon_mrgreen:

 

[Mr Rex]

Stacker & Green tea until 5, then Dew and Bourbon. I'm self medicating a tractor/tree injury that made one of my hands look like Mickey Mouse's, except purple.woohoo

 

[CANative]

Stacker & Green tea until 5, then Dew and Bourbon. I'm self medicating a tractor/tree injury that made one of my hands look like Mickey Mouse's, except purple.woohoo

I'm sorry to hear that. Drink a few doubles and take a couple of Vicodin. A truck fell on my left hand about 15 years ago and punched a hole through it. I know what purple Mickey Mouse hands are like.

 

[Mr Rex]

People think I'm one the way to a sporting event with a big purple number one hand when I wave.

 

[Papoua Jose]

Call an attorney that deals on a regular basis with the board in defending appraisers.

An attorney who is the former head of the NC appraisal board has an office in Cherryville and specializes in defending appraisers. Last name opposite of white.