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).
Appraisers Errors and Omissions Insurance for Minnesota
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.
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.
- “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
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.
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
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
Executive Director: Peter Bratsch
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-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.