By Peter C Overtime class actions by residential real estate appraisers have ravaged large appraisal firms and management companies for the last six years. While there were a few earlier cases, the first signs that overtime litigation under the federal Fair Labor Standards Act (FLSA) would become a widespread problem for appraisal firms and AMCs came in 2012, as appraisers were being laid off at some large
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Written by : Peter Christensen
Peter Christensen is an attorney. He’s a member of the California, Washington, and Montana state bars. His law practice is dedicated to valuation issues. He’s the author of Risk Management for Real Estate Appraisers and Appraisal Firms, published by the Appraisal Institute. He has taught hundreds of appraiser legal and liability prevention seminars around the country.