Magda's Message

Magda's Message

A New Series with Magda Pretorius

Magda is our Risk and Claims Analyst and spends her time helping our clients with coverage questions and liability concerns; she is the first point of contact when they report a claim, a possible claim, or disciplinary matter. Magda works closely with our National Counsel to ensure that issues are taken care of promptly.

Would you like Magda to manage your liability concerns?

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Artificial Intelligence (AI)

We have had many conversations with our appraiser clients regarding the use of AI in their day-to-day business operations. Appraisers should always determine the appropriateness of AI use in an assignment-by-assignment basis; review your order / engagement or service [...]

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UAD 3.6

The most common concern expressed by our appraiser clients are where/how to include the additional language they have traditionally added in the supplemental addendum of the appraisal report. It is important that appraisers continue to add this language in their [...]

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I had a problem with an estate appraisal. I completed the appraisal and the executor told me they wanted to use it to get a "hard money" bridge loan so someone could purchase the property. She did not understand the problem: "an appraisal is an appraisal". Many people don't know what appraisers do or their regulatory requirements. I was very upset and called LIA. Magda returned my call promptly. She was very patient and said it was a scope of work issue that was not clear at the time of accepting the assignment. I wish I would have called sooner. Magda clarified the facts and put my mind at ease. I called the client back and she said the lender would use his own appraiser. What a relief that was. LIA is there when I need them and won't cancel my insurance (or decline to renew it) if I call for advice. Thank you LIA and thank you Magda!

Ann O'Rourke, MAI, SRA, MBAAlameda, CA