Delaware Appraisal License

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Delaware Supreme Court Clarifies Appraisal Law. Mitchell Mengden, a second-year law student at the Georgetown University Law Center, who will be clerking at the Delaware Court of Chancery for the 2020 term, prepared the following synopsis: The Delaware Supreme Court, in a per curiam decision, recently determined that “deal price less

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On October 21, 2015, the Delaware Court of Chancery issued a post-trial opinion in an appraisal action in which it yet again found that the merger price was the most reliable indicator of fair value. Vice Chancellor Glasscock’s opinion in Merion Capital LP v. BMC Software, Inc., No. 8900-VCG (Del. Ch. Oct. 21, 2015), underscores, […]

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Among the interesting data points highlighted in a new report on M&A appraisal litigation in Delaware is the steep decline in both appraisal petitions and cases since 2016. That year, the Delaware Court of Chancery saw its highest-ever number of petitions (76) and cases (47), but over the past two years, those numbers have declined significantly.

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The primary objective of the Delaware Council on Real Estate Appraisers is to protect the public from unsafe practices and practices which tend to reduce competition or fix prices for services. The Council must also maintain standards of professional competence and service delivery.

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Last week the Delaware Supreme Court issued its first appraisal decision since DFC and Dell. In Merlin Partners, LP v. SWS Group, Inc., No. 295, 2017 (Del. Feb. 23, 2018), the court summarily affirmed the decision of the Court of Chancery to value SWS, a Texas-based bank acquired by Hilltop Holdings, at $6.38 per share—8% below the merger price.

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When to Apply by Reciprocity. Apply by reciprocity when you hold current Real Property Appraiser (RPA) licensure/certification in another jurisdiction (state, U.S. territory or District of Columbia) and the classification is the same as you want in Delaware. If you do not hold current RPA licensure/certification in the classification you want in any jurisdiction, you must apply by …

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When certain corporate transactions, such as a merger and consolidation, deprive the shareholders of their ownership interests in a corporation against their will, the shareholders can use the appraisal statutes to obtain the “fair value” of the shares that have been taken. 1 As more than half of U.S. public companies are incorporated in Delaware, the Delaware General …

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Editor's Note: Theodore N. Mirvis is a partner in the Litigation Department at Wachtell, Lipton, Rosen & Katz. The following post is based on an article by Mr. Mirvis, Trevor S. Norwitz, Andrew J. Nussbaum, William Savitt, and Ryan A. McLeod. This post is part of the Delaware law series, which is cosponsored by the Forum and Corporation Service Company; …

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The Delaware Supreme Court’s April 2019 decision in Verition Partners Master Fund Ltd. v. Aruba Networks, Inc. reversed the Delaware Court of Chancery’s finding that unaffected market price was fair value, holding instead that deal price minus synergies was the more reliable indicator of fair value.Aruba underscores the importance of deal price as an …

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In the latest of a wave of appraisal opinions issued in Delaware, on August 1st, the Delaware Supreme Court reversed the highly-publicized DFC Global appraisal ruling, in DFC Global Corporation v. Muirfield Value Partners, L.P., No. 518, 2016 (Del. Ch. Aug. 1, 2017). A recent string of decisions have found that the deal price

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Information About Renewals . Appraiser licenses and certificates, Certified Assessor licenses and Appraisal Management Company registrations expire on October 31 of odd years (e.g., 2015, 2017).. A few months before the expiration date of your license, a renewal notice will be sent to the email address on the record.

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Rather than accepting the offered deal price, petitioners Verition Partners Master Fund Ltd. and Verition Multi-Strategy Master Fund commenced an appraisal proceeding in the Delaware Court of

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Back in August 2016, Delaware amended Section 262 of the Delaware General Corporation Law to address the rise of the appraisal arbitrage strategy where certain sophisticated investors would find a target company that is involved in a merger or acquisition, buy stock in the target company, and then invoke appraisal rights under Section 262.

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(a) The primary objective of the Delaware Real Estate Commission, to which all other objectives and purposes are secondary, is to protect the general public, specifically those persons who are the direct recipients of services regulated by this chapter, from unsafe practices and from occupational practices which tend to reduce competition or fix the price of services rendered.

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License Look-Up. To look up a license, first select 'INDIVIDUAL' or 'FACTILITY' under the search option below. Enter your search criteria, then click the ' SEARCH ' button. The information requested will be displayed in a list at the bottom of the screen. To view more details on the license or to view a printer friendly version, click the

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The Delaware Supreme Court heard argument recently in the appraisal proceeding arising out of the 2014 acquisition of DFC Global Corporation by Lone Star, a private equity firm. The Court of Chancery had found that the statutory “fair value” of DFC was higher than the deal price, based on a tripartite equal weighting of the […]

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Frequently Asked Questions

Do i need an appraisal management company license in delaware?

The State of Delaware does not require an Appraisal Management Company License. However, if your business is providing appraisal services in Delaware, you may still be required to comply with other licensing laws at the state or local level.

What is the delaware council on real estate appraisers?

The primary objective of the Delaware Council on Real Estate Appraisers is to protect the public from unsafe practices and practices which tend to reduce competition or fix prices for services. The Council must also maintain standards of professional competence and service delivery.

What happens if my appraiser license is expired in delaware?

It is illegal to practice as an appraiser or assessor while your license/certificate is expired. It is also illegal to operate an Appraisal Management Company in Delaware while its registration is expired. You may file a late renewal application up to 60 days after its expiration date. You must pay a late fee in addition to the renewal fee.

How much does it cost to get a delaware real estate license?

**Prerequisites may include registering with the Delaware Secretary of State. To obtain (and maintain) this license, the State of Delaware requires an application, a $279 fee*, extensive supporting documentation, and biennial renewals.

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