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Mr. Schmidt has been appraising proposed and existing real estate
since 1975. He is an experienced expert witness in United States
District Court, Santa Clara County Superior Court, the Public
Utility Commission of the State of California, and the American
Arbitration Association.
His experience includes real estate development, appraisal assignments
for lenders, attorneys, accountants, corporations, municipalities,
litigation support, and individuals for estate planning, diminution
in value, mortgage lending, gifting, taxation, purchase, and
sale.
Past work includes fee simple, leased fee, easement, and partial
interest appraisals for improved properties and/or land for
mobile home parks, movie theaters, dormitories, sororities,
funeral homes, self-storage facilities, auto dealerships, schools,
gas stations, office buildings, warehouses, industrial and R
& D buildings, agriculture, apartment complexes, shopping centers,
residential and commercial condominiums, attached and detached
single family dwellings, including residential subdivisions,
and land development projects.
Professional Affiliations:
Membership in Appraisal
Institute (MAI and SRA Member)
Membership inInternational
Right of Way Association
Licensed asCertified
General Real Estate Appraiser, State of California, AG005421
Professional Service:
- President, International Right of Way Association, San Jose Chapter 42, 2005
- Vice President, International Right of Way Association, San Jose Chapter 42, 2004
- Treasurer, International Right of Way Association, San Jose Chapter 42, 2003
- Director, S.F. Bay Area Chapter of the Appraisal Institute, 1995-1998
- Regional Ethics and Counseling Panel, Appraisal
Institute, 1996-1998
- Regional Representative, S.F. Bay Area Chapter of the Appraisal Institute, 1996-1997
- Appraiser Member, Real Estate Research Council of Northern California
- Chair, South Branch of the S.F. Bay Chapter of the Appraisal Institute, 1994
- Vice Chair, South Branch of the S.F. Bay Chapter of the Appraisal Institute, 1993
- Director, Mission Chapter of the Appraisal Institute, 1989-1991
- Regional Representative, Mission Chapter of the Appraisal Institute, 1991
- Chair, Vendor Faire Committee of the Mission Chapter of the Appraisal Institute, 1989
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Expert Witness Testimony
Testimony before the
State of California Public Utility Commission, Santa Clara County
Superior Court
United States District Court, American Arbitration Association
Formal Education
B.S. Business ManagementUniversity
of Phoenix, San Jose, California
(Graduated with Honors)
Specialized Appraisal Education:
| Eminent Domain Law Basics for Right of Way Professionals |
The Valuation of Partial Interest |
| Foundations of Eminent Domain Appraisal Practice in
CA |
Advanced Income Capitalization-510 |
| Highest & Best Use and Market Analysis-520 |
Advanced Sales Comparison & Cost Approach-530 |
| Report Writing & Valuation Analysis-540 |
Advanced Applications-550 |
| Appraisal Practice for Litigation |
Loss Prevention for Real Estate Appraisers |
| Appraising for Tax Appeals |
Residential Subdivision Feasibility Analysis |
| Bond/Mello Roos |
Electromagnetic Fields and Their Effect on Value |
| Liability Protection for Real Estate Appraisers |
Property Management Issues and Trends |
| Appraisal Reporting of Complex Residential Properties |
Land Use Appraisal Process |
| Environmental Hazards |
Depreciation Analysis |
| HUD Reporting Practices & Appraisal Techniques |
Preparing Appraisals for Litigation |
| Standards of Professional Practice (Part A), USPAP |
Analyzing Operating Expenses |
| Standards of Professional Practice (Part B), AI |
The Appraisal of Partial Acquisitions-401 |
Experience:
1995 to presentThe
Schmidt-Prescott Group, Inc., President
San Jose
and Fremont, California
1978 - 1995Schmidt
& Associates, Inc., President
San Jose
and Fremont, CA
1976 - 1978Senior
Supervising Appraiser, Mercury Savings & Loan
Cupertino,
CA
1976 - 1976Staff
Appraiser, American Savings & Loan
San Jose,
CA
1975 - 1975Real
Estate Appraiser and Consultant,
B.A. Ericson
Appraisal Co., San Jose, CA
Service Affiliations
Member, Rotary, Niles-Fremont Club
Niles-Fremont Rotarian of the Year 2000-2001
Paul Harris Fellow
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