Vermont Appraisal Laws

[Frederick R. Ruffell]

What is it about Vermont in regards to Appraisers and Indemnification and Liability clauses not being applicable? Did I miss some state legislation that actually benefits appraisers?

 

[Meandering]

So, if you are sending XML files to clients that go out of business owing appraisers money, and some that are implicated in over Ponzi schemes found out by the SEC, and none that have been background checked, and you have agreed that the XML can be easily modified, and know that the GSEs are going to send lots of little warning flags when they upload reports, and you are still signing indemnity agreements that have no end date..............................

Well, it would seem to be that the state law is less important than our own sensitivity for risk.


Just saying.

.

 

[Frederick R. Ruffell]

Just Saying

Not sure what your saying Marion. I have never signed any agreement for appraisal services that include an indemnifiction clause. I just came across one today which specifically excluded Vermont appraisers from being bound by it.
Any Vermont Appraisers out there have any insight?

 

[Vermonter]

First I've heard of it. I get all the emails from the state board and haven't seen anything pertaining to this.

 

[Meandering]

No issues Fredrick,

It was for the benefit of lurkers.

It would be nice if all states had similar no indemnity laws, unfortunately some state boards are not strong enough to argue with the AMCs, or Realtors, or any other interested party, (Not that I'm pointing at PA...m2. But regardless to the law, if everyone refused to sign indemnity agreements, they would go away very quickly.



.

 

[hastalavista]

So, if you are sending XML files to clients that go out of business owing appraisers money, and some that are implicated in over Ponzi schemes found out by the SEC, and none that have been background checked, and you have agreed that the XML can be easily modified, and know that the GSEs are going to send lots of little warning flags when they upload reports, and you are still signing indemnity agreements that have no end date..............................

Well, it would seem to be that the state law is less important than our own sensitivity for risk.


Just saying.

.

Marion:

To what is that thumbnail excerpt that you posted referencing?
Is that from a specific client, AMC, or portal?
Or, appraisal software?

I don't believe I've ever seen it (or something like it) before?

 

[Vermonter]

Marion:

To what is that thumbnail excerpt that you posted referencing?
Is that from a specific client, AMC, or portal?
Or, appraisal software?

I don't believe I've ever seen it (or something like it) before?

Alamode datacourier.

 

[Meandering]

Marion:

To what is that thumbnail excerpt that you posted referencing?
Is that from a specific client, AMC, or portal?
Or, appraisal software?

I don't believe I've ever seen it (or something like it) before?

Denis,

That's the disclaimer that Wintotal popups up when you want to save a XML copy of your appraisal to your hard drive.

Have you not seen it before???


.

 

[hastalavista]

Denis,

That's the disclaimer that Wintotal popups up when you want to save a XML copy of your appraisal to your hard drive.

Have you not seen it before???

Never.
I don't used to use Alamode; dumped them maybe 4-5 years ago.
I then switched to ACI; and I dumped them over the UAD fiasco.
I now use Bradford (which I'm very happy with).

I just asked our office manager (who is the one that uploads most of my reports) if she's ever seen that notification; either in the software we use, or as part of the upload process into one of the portals our clients use.
She's never seen it either.

Is this something that must be acknowledged each time a file is uploaded?

(I have a concern that it is something we've missed)

Thanks!

 

[CANative]

They're going to CYA themselves out of the appraisal form business.