I looked at the old newsletters for the board and this is what I found. The trainee was not Mcintosh
Lauriette West (Durham) – By consent, the Board suspended Ms. West’s general certification for four months, effective March 1, 2000. If Ms. West completes a standards course and a sales comparison course before that date, the active portion of the suspension shall be only two months. There were three cases against Ms. West. In the first case, in August 1998, Ms. West and a trainee appraised a townhouse located in Raleigh, NC, finding an appraised value of $128,000. The subject property had sold in July 1998 for $85,000, yet this fact was not mentioned in the appraisal report. Ms. West utilized sales from other areas when there were sales available within the subject complex, and these sales would have indicated a lower opinion of value for the subject property. She included below grade space in the gross living area. The square footage on the first comparable sale is stated as 2,024 on the report, when the size of that comparable sale is actually 1,740 square feet. The photographs of the first two comparable sales were incorrect. In the other two cases, Ms. West performed two appraisals using the same comparable sales for both appraisals. The sales prices on her three comparable sales were all incorrect. The sales dates on her first and second comparable sales were incorrect. She stated on the report that the data and/or verification source for all three of the comparable sales was MLS/broker, when only the first comparable sale was reported on MLS.
Ralphele Reels (Durham) – By consent, the Board suspended Mr. Reels’ trainee registration for three months, effective March 1, 2000. If Mr. Reels completes a standards course and a sales comparison course before that date, the active portion of the suspension shall be only one month. The Board found that Mr. Reels performed an appraisal, under the supervision of a state certified general appraiser, of a townhouse located in Raleigh, NC, finding an appraised value of $128,000. The subject property had sold in July 1998 for $85,000, yet this fact was not mentioned in the appraisal report. Mr. Reels utilized sales from other areas when there were sales available within the subject complex, and these sales would have indicated a lower opinion of value for the subject property. He included below grade space in the gross living area. The square footage on the first comparable sale is stated as 2,024 on the report, when the size of that comparable sale is actually 1,740 square feet. The photographs of the first two comparable sales were incorrect.