New Mexico Appraiser Insurance - OREP Insurance for Professionals

New Mexico, sometimes called the “Land of Enchantment,” is the fifth largest state in the continental United States and is the sixth least densely populated. New Mexico has only 600 licensed real estate appraisers, which are licensed by the Real Estate Appraisers Board located New Mexico’s capital city, Santa Fe. Appraiser license levels in New Mexico are almost evenly split between Certified Residential and Certified Generals.

Appraisers looking for New Mexico Appraiser’s Errors and Omissions Insurance can stop their search with OREP. OREP offers the lowest rates on appraiser’s insurance with same day coverage & confirmation (most cases).

Appraisers Errors and Omissions Insurance for New Mexico

Click Here to Apply Now!

Financing is available – click here for details.

Got Questions? We answer the phone! Call us Toll Free: (888) 347-5273.

NEW IN 2019: Free 14 Hours of CE ($238 Value)

As part of the OREP RPG/Risk Management Program, OREP members can now enjoy 14 hours of Approved Continuing Education, FREE! Must be part of the OREP RPG/Risk Management Program. Click here for a list of Approved states.

FHA Appraisal Standards – 7 HOURS CE Keep up with the latest FHA 4000.1 standards with this course that shows what you should be looking out for on an FHA appraisal. Learn how to include explanations and photographs that will help your FHA appraisals fly through underwriting.

How to Raise Quality and Minimize Risk – 7 HOURS CE This course shows you what you can do to avoid claims, reduce liability, and enhance your understanding of the approved methodology, techniques and protocols for appraisals. Learn about real world claim scenarios and specific steps you can take to protect yourself.

Enjoy these two valuable courses, earn 14 hours of Approved CE, and save $$$ when you join the OREP RPG/Risk Management Program in 2019!

“I switched my E&O insurance to OREP last month and saved $349 bucks.” —Dave M.

Program Highlights

“A” Carriers
Zero deductible available (most appraisers)
Lowest premiums
Same day coverage (most cases)
Beginning Appraisers Qualify
Includes Prior Acts
Coverage for Commercial Work
Discounts on CE, training materials, webinars, office supplies and more!
OREP Insureds enjoy many benefits, including a subscription to Working RE Magazine
Same Day Financing Available (click for financing information)

Important: If you have expiring insurance in place, please include a copy of your current Declarations page to retain prior acts coverage. Also, if you included a PO Box for your address on the application, you will need to list a physical address as well (required by the underwriter.) Please send to the fax number or email address indicated at the top of the application you complete. If you have any questions, please call us at 888-347-5273, 8-5 PST. We answer the phone!

What to Expect After Submission:
A confirmation will be emailed within 24 hours if your application is received and correct. If not correct, you will be called immediately. If you do not receive confirmation after 24 hours, please call us (check email junk/spam first). If your current policy is expiring, please call to confirm immediately after submission. Your new
New Mexico Appraisers Errors and Omissions insurance policy/declarations page will be emailed within 1-2 business days after payment has been processed. Coverage is NOT bound until a binder/declarations page is issued.

Contact OREP

OREP–Organization of Real Estate Professionals

Insurance Services, LLC. Calif. Lic. #0K99465

6760 University Ave, Suite 250

San Diego, CA 92115

Ph. (888) 347-5273 toll free

Email: info@orep.org

Fax: (619) 704-0567 (preferred) or (619) 269-3884 (alternate)

Hours: Monday – Friday from 8am-5pm PST

Additional Information for
New Mexico Appraisers

New Mexico State Appraisal Board
Real Estate Appraisers Board
2550 Cerrillos Road
Santa Fe, NM 87505
http://www.rld.state.nm.us/boards/Real_Estate_Appraisers.aspx
Phone: 505-476-4860
Fax: 505-476-4665

Board Administrator: Deloisa Trujillo
Deloisa.Trujillo@state.nm.us

New Mexico AMC State Law (As of August 27, 2013)
N.M.S.A. 1978, § 47-14-1

Appraiser Associations in New Mexico
New Mexico Appraisers Coalition
Rio Grande Chapter of the Appraisal Institute

New Mexico Continuing Education

New Mexico Appraisers are required to take 32 hours of continuing education every 2 years, due on 4/30 of the renewing year. The 7-Hour USPAP Update course as well as a 4 hour board-offered renewal update course are required as part of those hours. New Mexico limits the amount of hours that can be completed online to 14 hours.

OREP-Organization of Real Estate Professionals Insurance Services, LLC Calif. Lic. #0K99465
Senior Broker: David Brauner Calif. Ins. license #0C89873. Licensed in 49 states. Please call for license number in your state.

Offering Real Estate Appraisers Professional Liability Errors and Omissions or E&O Insurance – Inspectors Professional Liability Errors Omissions or E&O Insurance for Real Estate Agents & Brokers Professional Liability or E&O Insurance- Mortgage Brokers and Bankers Professional Liability or E&O Insurance.

Our Contacts

Working Hours

New Mexico State Page – Appraisers

OREP INSURANCE SERVICES

Calif. Lic. #0K99465