IAC22 PP - Updating Contracts in a Post Covid World
In 2020, the process of appraising was flipped on its head. With insurers, courts and the IRS regularly receiving appraisals completed without an onsite inspection, appraisers were tasked with creating credible reports with value conclusions that could be relied upon without ever seeing the property in person - or even meeting the client. Although the demand for remote appraisals has been growing for years, issues involving confirming cataloging, condition, authenticity, working with galleries and auction houses have taken center stage. What complications have arisen from having to work remotely during the pandemic? This session will address new considerations and language that should be included in an appraisal contract to protect appraisers in 2022 and beyond.
Attorney - Mazzola Lindstrom LLP
Review of this session recording will award 1.2 CE hours.
CPE credit is not awarded for this pre-recorded offering.