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Newest appointment to the NCAB

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USPAP Compliant

Thread Starter
Elite Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
North Carolina
According to the grapevine coming out of Raleigh, the latest appointment brings the NCAB to 9 members. The legislature increased the size of the board from 7 to 9 in the last session.

LAURIETTE W WEST-HOFF License # : A1798

Ms. West-Hoff is an attorney as well as an appraiser.



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.
 
Last edited:

Mr Rex

Elite Member
Joined
Jan 12, 2004
Professional Status
Certified Residential Appraiser
State
North Carolina
You are kidding right?:new_all_coholic:
 

Couch Potato

Elite Member
Joined
Mar 15, 2004
Professional Status
Certified Residential Appraiser
State
North Carolina
I'm willing to bet he is not kidding. Hey, at least the license wasn't revoked. :shrug:

(Never mind that it probably should have been revoked.)
 

Mr Rex

Elite Member
Joined
Jan 12, 2004
Professional Status
Certified Residential Appraiser
State
North Carolina
Talk about the Board setting precedent for future disciplinary actions.:new_all_coholic:

What a joke. A sad, unfunny joke.
 

Couch Potato

Elite Member
Joined
Mar 15, 2004
Professional Status
Certified Residential Appraiser
State
North Carolina
Do you suppose anyone on the North Carolina Banking Commission is a convicted embezzler? :shrug:
 

Mr Rex

Elite Member
Joined
Jan 12, 2004
Professional Status
Certified Residential Appraiser
State
North Carolina
She in effect drove the get away car in 3 bank heists and had to take a USPAP course and a Sales Comparison Class, sit out 2 months and is now appointed to the board. As well known ethicist Don King would say, "Only in America".
 

deturner

Senior Member
Joined
Apr 2, 2003
Professional Status
Certified Residential Appraiser
State
Kansas
This is absolutely ridiculous.
 

Taylor Driscoll

Junior Member
Joined
Jul 17, 2006
Professional Status
Appraiser Trainee
State
North Carolina
This is TOO GOOD.. I quess like all Politicians, they think we all have short memories, and we forget what they did last week. Like John Edwards.. he is making his comeback... and people already forgot, because they were Obamafied!
 

David Beasley

Senior Member
Joined
Dec 12, 2003
Professional Status
Certified Residential Appraiser
State
North Carolina
This is TOO GOOD.. I quess like all Politicians, they think we all have short memories, and we forget what they did last week. Like John Edwards.. he is making his comeback... and people already forgot, because they were Obamafied!

Edwards...what a joke. I didn't vote for him when he ran for the Senate...Anyone with eyes or ears knew he was running for Senate for the same reason Obama did, as a launch pad to a Presidential run. Neither of them ran for Senate with the ultimate goal of serving their state's consituents for any longer than it took them to become President.
 

David Beasley

Senior Member
Joined
Dec 12, 2003
Professional Status
Certified Residential Appraiser
State
North Carolina
OK, so the new appointee basically fudged GLA numbers, botched her data sources, and apparently was number shopping (comps outside the subject development)...and yet she ends up ON the Board? Man. I guess seeing Black and Scott-Phipps (and the lottery guy) getting burned for their corruption wasn't enough of a deterant for the NCAB - now they've got to put a number-hitter on the Board. Sad. I guess the lack of proper vetting for political positions doesn't just apply to Presidential races any more...lol
 
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