Assessment reviews and appeals, Valuation of housing, Professionalization of valuers
The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) required that states develop licensing standards for real estate appraisers. Although FIRREA and state licensing statutes led to the adoption of a host of new rules for real estate appraisers, the liability of appraisers for negligence remained exclusively the province of the courts using tort law parameters. Drawing upon two key Connecticut cases, this article examines how that state’s high court demarcated the applicable standard of care for appraisers and determined the damages that potentially could be linked to an appraiser’s negligence.
This article originally appeared in the March 1999 issue of Connecticut Law Tribune.
Pollack, Elliott B.
"First Person: Assessing causation: Don't chart a course by Charter Appraisal yet,"
Assessment Journal: Vol. 6:
3, Article 5.
Available at: https://researchexchange.iaao.org/assessment_journal/vol6/iss3/5