05/08/2012 5/8/2012 Stipulated Surrender of Right to Renew License effective 5/8/12. Ineligible to apply for a new appraisal license or certification of registration as an Appraisal Management Company for three years from the effective date of surrender. Reimbursement in the amount of $3,827.47 for investigative costs required prior to filing of any application for issuance of a new license or certification. Alleged violations of USPAP S. R. 1 and 2, Competency Rule (two reports) and Conduct section of the Ethics Rule (one report): failure to adequately identify the relevant characteristics of the subject neighborhood and property (two reports), failure to properly develop an opinion of highest and best use for the subject property (two reports), failure to accurately represent sale transactions utilized in developing an opinion of value for the subject property in the Sales Comparison Approach (two reports), failure to adequately identify and perform the scope of work necessary to produce credible assignment results and failure to take all steps necessary and appropriate to complete two assignments competently, failure to identify and report declining market trends in the subject neighborhood (one report), misrepresentation of comparable sale transaction histories and comparable sale physical attributes (one report).
License History
License
Status
Start Date
End Date
Residential
Surrendered
05/08/2012
Residential
Surrendered
06/25/2008
06/24/2010
Residential
Upgrade
09/27/2006
06/24/2008
Trainee
Renewal
06/25/2006
06/24/2008
Trainee
Initial
06/25/2004
06/24/2006
Course History
Course History shown for January 1, 2013 and beyond. Contact BREA
for further history.
