State Appraisal Board out of control

[Marko11]

These boards are out of control, they make up stories, make false allegations against the appraiser, they are over analyzing the report, They seem to just look for a way to charge you with something, anything. Has anyone had an experience with state boards? Insurance does not seem to help, they will only cover a small portion of legal fees.

Has anyone ever had to use their insurance for a board complaint? If so, what insurance company?

Any comments will help,

 

[Zoe]

These boards are out of control, they make up stories, make false allegations against the appraiser, they are over analyzing the report, They seem to just look for a way to charge you with something, anything. Has anyone had an experience with state boards? Insurance does not seem to help, they will only cover a small portion of legal fees.

Has anyone ever had to use their insurance for a board complaint? If so, what insurance company?

Any comments will help,

Sometimes politics are in play. Have to fight fire with fire. Easier to do that now than in the past.

Don't just attack the board. Fight everybody in the chain.

 

[Zoe]

You could be on CNN news tonight. They may pay your legal fees.

 

[Terrel L. Shields]

If so, what insurance company?

No. But a fellow nearby was defended before the board by his insurance co. I am pretty sure it was LIA. It appears a high percent of complaints are now coming from FNMA after a bank resists buying back a property they sold to FNMA. I know one appraiser who refuses to do any FNMA jobs in Oklahoma due to the aggressive nature of FNMA and the fact the area is fundamentally rural in character. Check and ask your E & O provider if they cover board complaints. PS - get a lawyer in any case, and get one with administrative law experience.

As for boards, some states review the entire report regardless the frivolousness of a complaint. They do this because the law requires them to address the entire report. Other states enabling legislation is more nuanced. Secondly, like reviewers everywhere, the quality of review is suspect and unfortunately, there is an element of "I don't do it that way." which seems to apply the reviewers personal peccadilloes upon the reviewee. So you get the insane problem of being sanctioned for matters totally unrelated to the complaint (which only revolves around value usually.)

Too many board members seek membership due to an axe they have to grind against other appraisers. The results are not good.

 

[Elliott]

Marko,
Welcome the mad, mad world of administrative law. If you have a frank discussion with E/O people, they will also confirm your 'suspicions.' I could tell you stories that would parallel the shenanigans of Lois Lerner. Stakeholders have to have someone to pound the stake into, we are it.