Need to mention near earthquake zone?

[Fernando]

The legal standard is that you should disclose any factor that is reasonably discoverable. If the houses down the street were wiped out by a landslide, then disclose and claim it is beyond your expertise. If you are valuing a property on the Hayward fault, you should mention it. So, ask your E & O provider (or is Fern so good he doesn't need E & O?) I would think especially after a disaster (LA fires, landslide events, earthquakes, floods, etc.) it would really behoove the appraiser to discuss and caveat the issue away as being outside your expertise. And if you read the disclosure forms on the contracts, what happens when the seller discloses cracked foundations, or other issues? Fern says ignore them, the Sgt. Schultz disclosure, "I see nothing!" https://www.liability.com/claim-alerts/appraising-after-a-natural-disaster.aspx

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Speaking of Hayward fault, when I bought my property, I wasn't aware of the very close proximity to the fault. Only after buying the good deal, I realized it was almost next to the fault.
I was wearing my real estate agent hat and not my appraiser hat. Seems like the market not concern because if an earthquake at the fault, many many miles away will also be affected.

However if any property in immediate areas that had past history of landslides, I mention it in the report. It's more local and adverse to that section affected.

 

[Carnivore]

Nando is dodging and weaving on the code issue' Trying to avoid the grandfathering!

 

[Fernando]

Nando is dodging and weaving on the code issue' Trying to avoid the grandfathering!

No weaving. Governments allow "grandfathering" as long as property doesn't burn down.
When destroyed, no more grandfathering and have to build to new codes.

 

[Fernando]

I'm having issues with commercial insurance. Past few years, they want property and business to be up to date to codes.
Unlike residentials so far not as picky in updates.
If only insurance company knew my house still has tube & knobs electricals.