Illinois, designated as the “Prairie State,” has the 5th highest state population in the country and also has the 5th highest number of licensed real estate appraisers in the country. The Appraisal Coordinator for Illinois’ Real Estate Appraisal Administration Division is Brian Weaver. The Board is under the ILLINOIS DEPARTMENT OF FINANCIAL & PROFESSIONAL REGULATION and publishes a monthly newsletter, Illinois Appraiser, popular for its valuable information.
Illinois Appraiser’s Errors and Omissions Insurance is a specialization that OREP has developed over 17 years. We provide low rates on appraiser’s insurance with same day coverage & confirmation (most cases).
Appraisers Errors and Omissions Insurance for Illinois
Financing is available – click here for details.
Got Questions? We answer the phone! Call us Toll Free: (888) 347-5273.
NEW IN 2019: Free 18 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.
Navigating California Laws and Regulations – 4 HOURS CE
Enjoy these three valuable courses, earn 18 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.
- “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
Illinois 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.
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
Fax: (619) 704-0567 (preferred) or (619) 269-3884 (alternate)
Hours: Monday – Friday from 8am-5pm PST
Additional Information for
Illinois State Appraisal Board
Real Estate Appraisal Administration Division
100 W. Randolph Street, 9th Floor
Chicago, IL 60601
Appraisal Coordinator: Brian Weaver
Illinois AMC State Law (as of August 27, 2013)
225 ILCS 458/1-10
Appraiser Associations in Illinois
Illinois Coalition of Appraisal Professionals
Greater Illinois Chapter of International Society of Appraisers
Illinois Continuing Education
Appraisers in Illinois are required to take 28 hours of continuing education courses every 2 years. The 7-Hour USPAP Update must be included in those hours. Appraisers are allowed to complete all hours online if needed, and the requirements are due every 2 years by 9/30.
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.