- Speak with a licensed agent
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New Mexico, sometimes called the âLand of Enchantment,â 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 Mexicoâs 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 Appraiserâs Errors and Omissions Insurance can stop their search with OREP. OREP offers the lowest rates on appraiserâs insurance with same day coverage & confirmation (most cases).
Appraisers Errors and Omissions Insurance for New Mexico
OREP has served real estate appraisers in New Mexico with risk management and E&O insurance for over 22 years. *OREP Members enjoy comprehensive coverage at extremely competitive ratesâas well as unrivaled business support, including at no extra cost, State Board Complaint Consulting, 14 Hours of Appraiser CE (not approved in IL, MN, and GA, or AK), guaranteed delivery of Working RE magazine, and much more!
Program Highlights
- $100,000 of Bodily Injury and Property Damage coverage (Click for Details)
- $200,000 of Discrimination Claim Coverage (Click for Details)
- Zero deductible available (most appraisers)
- Minimum Premiums start at $401
- Same day coverage (most cases)
- New Appraisers Qualify
- Includes Prior Acts
- Coverage for Commercial Work, Right of Way Appraisals, Desktop Appraisals, and more!
- Discounts on CE, training materials, webinars, office supplies and more!
- OREP Members enjoy many benefits, including a subscription to Working RE Magazine
- Same Day Financing Available (click for financing information)
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.
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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 â 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!
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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
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
OREPâOrganization 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: (708) 570-5786
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
https://www.rld.nm.gov/
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 Insurance Services, LLC Calif. Lic. #0K99465
Please call for license number in your state.
Offering Appraisers E&O Insurance for Real Estate Appraisers â Home Inspectorâs Professional Liability Errors and Omissions Insurance â 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.