First Preston HT utilizes the services of appraisers throughout the United States, Puerto Rico and the U.S. Virgin Islands.  We seek experienced, appropriately licensed appraisers located within close proximity to the properties for valuation. If you are interested in providing appraisal services for our company, click here to complete our online registration process.  Your information will be reviewed by our appraisal management team.  If we require additional appraisers in your area, you will be contacted.  If you are interested in completing property appraisals for assets owned by the Federal Housing Administration (HUD) you must be an approved FHA Roster Appraiser. All Appraisal vendors must meet and maintain the following qualifications, insurance requirements and performance standards.

The Vendor is to provide an original appraisal report within five calendar days of notification of appraisal assignment.  The appraisal report must be submitted electronically as directed.  The minimum types of insurance are:

General Liability Insurance

• $1,000,000/ each occurrence
• $2,000,000/General Aggregate
• $2,000,000/ General Products Aggregate

Automobile Liability Insurance

• Bodily Injury:
  • $100,000/person
  • $300,000/occurrence
  • $100,000/property damage or
  • $500,000/Combined Single Limit

Worker’s Compensation Insurance:

• California:
  • $1,000,000 per accident for Bodily Injury
  • $1,000,000 per employee/aggregate for disease
• All Other States:
  • $100,000/each occurrence
  • $500,000/each employee
  • $100,000/disease

The Vendor must provide proof of real estate appraiser’s professional liability (errors and omission) insurance of no less than Three Hundred Thousand Dollars ($300,000) for each claim, and Five Hundred Thousand Dollars ($500,000) aggregate coverage. Proper photographic, government-issued identification is required to be carried personally by Vendor at all times. Click here to complete our online appraiser registration process.