Inspecting Wet Basements by Alan Carson, Carson-Dunlop The problem is all-too-familiar to many homeowners. It is said that more than 98 percent of all houses have had or will have basement leakage at some point. Identifying the Problem The presence of efflorescence, a whitish mineral deposit on the interior of foundation walls, indicates moisture penetration....…
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Home Inspectors: Key to Limiting Liability By Ross Herlands, ESQ Probably the single most important thing a home inspector can do to protect him or herself in the event of a lawsuit is to obtain a signed pre-inspection agreement prior to the inspection. Furthermore, one of the key provisions in such a contract is a…
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A Word of Caution: Hold your Tongue by David Brauner Sometimes it is better to count to 10 before speaking or writing in anger: especially if you don’t want to be sued. One appraiser learned the hard way. Recently, an appraiser was planning to fire off a letter to his state banking commission along the...…
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Editor’s Note: Health Savings Accounts (HSAs) are a hot topic these days, especially since earning mention in this year’s State of the Union Address as a promising health care solution for small businesses. But they are not for everyone. HSAs and other health products are explained here by insurance expert Cleeland Green. For more: click…
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Compliant Appraisers: Creating a Level Playing Field A growing number of appraisers are compelled to turn in colleagues for what, in their judgment, is incompetence and/or fraud. Here is a template of an actual complaint which was heard and acted upon by a state board. Phil Rice, appraising eight years, said he filed this complaint...…
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– “Absolutely first-rate SCOPE book.” – Leroy Michael Eide, CCIM – “I compliment you on an exemplary product.” – Red Blumenstock Editor’s Note: If you’re like Leory Eide or Red Blumenstock (quoted above) or one of the over 13,000 other appraisers who enjoyed a free download of Appraising in the New Millennium: Due Diligence and...…
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Editor’s Note: As the copyright controversy simmers, WRE takes another look- making source documents available and reporting that appraisers are not alone in grappling with this issue: agents, inspectors and surveyors also have an interest in copyright protection and controlling work product. And there is the issue of AVMs and the prospect of a landscape…
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Editor’s Note: WRE reported last issue that according to the FBI, state regulators and appraisers themselves, fraud and identity theft are rampant throughout the industry (Best of Show, Feb. 2006). One fraud prevention expert told us that thieves don’t even need your digital signature to fabricate an appraisal in your name; all they need is...…
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“Virtual” Debate: What does “Inspection” Mean? Technology may have evolved enough to make “virtual” inspections a reality but do they meet state and other regulatory guidelines? Is it ok for supervising appraisers to use trainees as surrogates to inspect properties? As technology advances, and the use of trainees becomes more widespread, these questions are on...…
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Editor’s Note: July 1, 2006 the new USPAP takes effect. By all accounts the changes are some of the most significant ever as well as some of the most welcome. USPAP instructor and author Lee Hess takes you through a series of common questions and answers to help you shorten the learning curve and keep…
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