Minnesota Appraiser E&O Insurance

Minnesota, nicknamed the “Land of 1,000 Lakes,” is the 12th most extensive state in the country and has over 2,000 active and licensed real estate appraisers in the state. Minnesota appraisers are licensed under Minnesota’s Department of Commerce. Minnesota Appraiser’s Errors and Omissions Insurance is not required by the Department of Commerce, but many lenders have independent insurance requirements for appraisers on their panels.

OREP specializes in placing errors and omissions insurance for real estate appraisers and agents/brokers in Minnesota. OREP offers the lowest rates on appraiser’s insurance with same day coverage & confirmation (most cases).

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Appraisers Errors and Omissions Insurance for Minnesota

OREP has served real estate appraisers in Minnesota with risk management and E&O insurance for over 22 years. *OREP Members enjoy comprehensive coverage at extremely competitive rates—as well as unrivaled business support, including at no extra cost, State Board Complaint Consulting, 14 Hours of Appraiser CE (not approved in AK, IL, MN, and GA), guaranteed delivery of Working RE magazine, and much more!

SPECIAL FOR APPRAISERS: Free 14 Hours of CE ($250+ Value)

As part of the OREP RPG/Risk Management Program, OREP Members can now enjoy 14 hours of Approved Continuing Education at no extra cost!  Must be part of the OREP RPG/Risk Management Program. Click here for a list of Approved states.

Non-Lending Appraisal Assignments – 7 HOURS CE Explore the possibilities and requirements of non-lender appraisal work, including tax rebuttal, pre-purchase, pre-listing, divorce, estate, and IRS-related work. Learn how to complete non-lender work from start to finish. 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 from real world claim scenarios to protect yourself.

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

Financing is available – click here for details.

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

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
Minnesota 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 Insurance Services, LLC. Calif. Lic. #0K99465
6353 El Cajon Blvd, Suite 124-605
San Diego, CA 92115

Ph. (888) 347-5273 toll free

Email: info@orep.org

Fax: (708) 570-5786

Hours: Monday – Friday from 8am – 8pm EST

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Additional Information for
Minnesota Appraisers

Minnesota State Appraisal Board
Dept. of Commerce
85 – 7th Place East, Suite 500
St. Paul, MN 55101-3165
http://mn.gov/commerce/
Phone: 651-539-1600
Fax: 651-284-4107

Executive Director: Peter Bratsch
Peter.Bratsch@state.mn.us

Minnesota AMC State Law (as of August 27, 2013)
M.S.A. § 82C.01

Appraiser Associations in Minnesota
North Star Chapter of the Appraisal Institute

Minnesota Continuing Education

Minnesota Appraisers must take 30 hours of continuing education every 2 years for renewal. Requirements are due by 8/31. Included in the mandatory hours is the 7-Hour USPAP Update. Minnesota has no limitations on how many hours may be completed online but no more than 8 hours can be earned in any one day period.

OREP Insurance Services, LLC Calif. Lic. #0K99465
Please call for license number in your state.

Offering Appraisers E&O Insurance for Real Estate Appraisers – Home Inspector’s Professional Liability Errors and Omissions Insurance – or E&O Insurance for Real Estate Agents & Brokers Professional Liability or Private Investigator Liability Insurance

Email: info@orep.org

Mailing Address:
6353 El Cajon Blvd, Suite 124-605
San Diego, CA 92115

*Member Benefits part of OREP Membership. Min. Membership fee of $60. Insurance provided through the OREP Risk Purchasing Group. Membership products available for purchase separately.