Bakersfield appraiser put on probation

[Winston Wolf]

This is one of my projects. I have been working on the Crisp & Cole fiasco for about 2 years.

The state Office of Real Estate Appraisers has placed Bakersfield appraiser Michael B. Wood of All Kern Appraisals on two years probation and fined him $2,000, plus $2,000 enforcement costs, and ordered him to take 30 hours of basic education.

The discipline stems from work performed in 2006 and 2007 for Tower Lending, Chase Home Finance and McMillin Mortgage. Those "misleading and inaccurate" appraisal reports were "unsupported by factual data," the state said in a written disciplinary order.

At the time, Wood was an appraiser trainee under the supervision of Kirksey J. "Mark" Newton Jr., owner of San Joaquin Appraisals Inc. State regulators have a case open against Newton, as well.

http://www.bakersfield.com/news/bus...559824/Bakersfield-appraiser-put-on-probation

 

[Laughing Heir]

How in the world did he go from being registered as a trainee in 2006 to becoming certified in 2007? In PA most trainees take 3, 4, or even 5 years to obtain their residential certification. PA doesn't have a 'licensed' level but I can't fathom that it only takes a year to earn a 'licensed' appraisal license in CA.

 

[Lloyd Bonafide]

According to a stipulated settlement and disciplinary order with the state, Wood must maintain a log of all appraisals he performs and submit them to the state for review for the duration of his probation.

The state will select at least one report to closely scrutinize every six months to make sure Wood complies with legal and professional standards.

According to the state's 20-page official accusation, Wood was disciplined for numerous errors and omissions related to work on four Bakersfield properties. Some highlights:

* 9808 Fitzgerald Drive: $671,500 appraisal as of July 2006 was $71,550 above the June 2006 list price of $599,950, and was not supported by comparable sales or listing history.

* 10911 Vista Del Rancho Drive: $386,000 appraisal as of October 2006 was $47,000 above the list price and was not supported by comparable sales or listing history.

* 15417 Sequoia Grove Ave.: $695,000 appraisal as of Oct. 16, 2006 failed to consider list prices ranging from $649,990 in September 2005 to $574,950 in August 2006.

When the state scrutinizes that one report every six months, I hope they don't find any fraudulent appraisals or anything, or he could be placed on an additional year of the dreaded OREA Double Secret Probation.

 

[Lobo Fan]

I don't think there is a minimum time requirement on getting the 2000 log hoursto become licensed. To become certified the 2500 log hours cannot be completed in less than two years. Was this guy running a puppy mill? Too many apprentices to monitor? Or was there deliberate fraud?

 

[Karl]

Hasn't anyone notice my rants about the FACT!! that you can go directly from badly trained Trainee right to Certified!!

Remember many CERTIFIEDS were no good before they trained new CERTIFIEDS!! This is going to cripple the appraisal "PROFESSION" even more than it already is!! Due to lack of ENFORCEMENT during the "False Boom" when many even on here did NOT want to "Rock the Boat"

My smypathy to those good Appraiser's that feel as thou they "Have To" stay in this business. Unfortunately there are many GOOD Trainees that are going to get slaughtered by those that are being trained improperly. BUT this is proof that there is GOOD & BAD in all walks of life!!

 

[CANative]

It just says he was a trainee in 2006, not that he got his trainee license in 2006. He may have been logging hours for years prior to upgrading in 2007.

 

[Vegan702]

I went straight to CR from intern. An extra 500 hours, a couple extra classes and supposedly a little harder test.

 

[Terrel L. Shields]

that you can go directly from badly trained Trainee right to Certified!!

i am not following that logic. each state has different ways of handling it.

 

[Caligirl]

I went from trainee to certified general. It took me five years.

I probably could have done it in less time but I had hip surgery in the middle of the process and didn't work for about six months following. Also, I worked exclusively on one job for about six months, and I could only claim a small portion of the total hours for my upgrade.

 

[Greenback]

...Unfortunately there are many GOOD Trainees that are going to get slaughtered by those that are being trained improperly.

I stopped reading at your post, Mr. Karl.

Not me, Mr. Karl. Mark my words, those who were trained improperly and never really had any aptitude nor the 'care' about being an Appraiser will never slaughter me.

I will never quit and, there is no skippy in this world that will take that away from me. People who think I will quit someday is sadly mistaken. When I say I don't quit I mean it - when I say they will not slaughter me I mean it - when I say I will succeed no matter the cost I mean it.

All those inept, unethical, ignorant, incompetent, BS artists can quite frankly kiss my olive colored behind.

10 years ago, roughly, I knew what was coming and it turned me on to go full speed ahead into the danger zone. Today, it still turns me on and I smile more than I frown.

Sincerely,