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Suspended Appraiser lost Brokers license too

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Joined
Jan 13, 2002
Professional Status
Retired Appraiser
State
Florida
Just received word this week that Paul Zappula here in Jacksonville, who's appraisal license was suspended this past April (after 2 years of investigation and appeal) lost his brokers license because of the appraisal license suspension.

Here in Florida, the system is working! This is the one where I've had 3 trainees that started there and they had no idea how to begin a comp search without a target number to hit first. This shop is still open under a newly certified relative though. The beat goes on.

Additionally:
I was also told today by an investor than another well known number hitter shop here in Jax has suddenly become 'conservative'. Seems a local mortgage broker told him that he can't use him anymore since he's not hitting the numbers like he used to and appears scared.
 

Tim Hicks (Texas)

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
Texas
Yeah, they will cool their heels for a couple of months, then go back to business as usual. At least, that is how it works around here.
 

USPAP Compliant

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
North Carolina
Tim,


We have a guy in my county who had his license suspened back in the spring for one month active ( with the agreement that he would complete some CE classes). He never did do the classes and is STILL suspended.

So at present he has no license. No big deal, I know of two appraisals he has done and signed while suspended and complaints have been filed.

Hopefully he will be revoked and prosecuted thru the courts.
 

Tim Hicks (Texas)

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
Texas
My buddy the staff appraiser told me their local number hitter got nailed by one of their wholesale companies. He was thrown off their list. The solution: he had his feelings hurt and did not "push" the values for a couple of months. Then the mortgage company realized they weren't closing the loans and dumped the wholesale company. Now, the number hitter is back, going strong and hitting any number they need. He is always 3-4 weeks out and it is worth the wait to get the value they need. Their staff appraiser is 2-3 days out. His instructions, if he receives an order and his preliminary data does not show an obtainable value, give the assignment back so they can wait 3-4 weeks for the value they need. He is batting about .500 right now. Ah, only in America.
 
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