Expand Your Practice: Arbitration Do’s and Don'ts

About this course

Arbitration presents a growing area of opportunity for valuation professionals who can serve as arbitrators, testifying expert witnesses, or consultants. Each of these three roles, and their associated responsibilities, is discussed with a focus on the function of the arbitrator. You’ll get a thorough introduction to arbitration and explore the various ways you can provide services competently and ethically in this growing area of practice.

What you’ll learn

Know what arbitration is and how it fits into the dispute resolution process.
Identify which role you are filling in an arbitration.
Understand the responsibilities of an expert witness in arbitration.
Understand the responsibilities of the consulting expert in arbitration.
Know what disclosures should be made before being retained and during the arbitration.
Recognize appropriate and inappropriate (ex parte) communication.
Know how to start the arbitration process and how to conduct hearings.
Know how to decide what evidence is admissible.
Know how to prepare the final award.
Recognize the reasons for having an award vacated.
Understand why appraisers make good arbitrators.
Understand the liability risks of being an arbitrator.

Course curriculum

Introduction
Module 1: What is Arbitration?
Module 2: What Areas of Service Might Valuers Provide?
Module 3: Arbitration and Standards
Module 4: The Valuation Professional Serving as an Expert Witness
Module 5: The Valuation Professional Serving as a Consultant in Arbitration Matters
Module 6: The Valuation Professional Serving as an Arbitrator: Getting Started
Module 7: The Valuation Professional Serving as an Arbitrator: The Preliminary Hearing and Arbitrator Oath
Module 8: The Arbitration Hearing and Final Award
Module 9: Vacatur
Module 10: Valuation Professionals Make Good Arbitrators
Module 11: What Are My Liability Risks?
Conclusion