Getting into certain occupations and establishing a career not only takes time and effort, but it can require individuals to undergo specific education and testing to obtain a license to even work in that field. Thus, when one’s professional license is at risk due to complaints or allegations of malpractice, it is a very serious situation. Not only is one’s career at risk, but his or her reputation could also suffer damage. Therefore, it is important one understands their options when it comes to defending him or herself in the matter.
When it comes to the duties and responsibilities of an appraiser, they have quite an immense amount of power in a real estate transaction. This is because the numbers they arrive at could make or break a deal. Thus, it could be detrimental to one or both parties if an error is made. And if an error was made intentionally by an appraiser or there is a pattern of mistakes, this could compromise the appraiser’s license.
When complaints are made about an appraiser, they are commonly received by the Bureau of Real Estate Appraisers. Those most commonly making complaints include appraisal management companies, lenders, brokers, government agencies, homeowners and other appraisers. Most complaints about licensed appraisers are made by lenders, appraisal management companies and government agencies. In contrast, complaints about appraisal management companies are most filed by individual appraisers.
When determining whether a complaint made warrants an enforcement action, the Bureau of Real Estate Appraisers establishes whether the minimum standards were met under the Uniform Standards of Professional Appraisal practice, the Real Estate Appraisers’ licensing and Certification Law and California appraiser law.
If an enforcement action is warranted, this could mean a license revocation and a hefty fine. This occurs in matters where an appraiser is found to have committed fraudulent or dishonest acts. Thus, it is important for appraisers to not only understand this process but also how they could take action and even appeal a decision.
Facing a professional license revocation is a challenging situation. Not only is an individual overwhelmed by the event unfolding; they are also fearful that they will lose everything they worked so hard to establish. While it may seem like a difficult matter to navigate, one has options and the ability to protect themselves. Initiating a professional license defense not only helps protect his or her rights, but it also set groundwork to maintain one’s licensing and the ability to continue working.