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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, institutional grade TIC investments,
valuation opinions in real property dispute arbitration and mediation, tax appeals, standard of care testimony,
inverse condemnation, and appraisal assignments for attorneys, lenders, accountants, corporations,
municipalities, litigation support, and individuals for estate planning, diminution in value,
construction defects, bankruptcy court, vacant and improved land lease renewals, mortgage lending,
gifting, taxation, purchase, and sale.
Past work includes fee simple, leased fee, easement, air rights,
and partial interest appraisals for improved properties and/or land for asphalt batch plants,
mobile home parks, movie theaters, dormitories, sororities, funeral homes, self-storage facilities,
skilled nursing facilities, auto dealerships, schools, gas stations, medical office buildings and
surgery centers, 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 (2002)
and SRA Member (1989) |
| Continuing
Education Requirements Completed through December 31, 2014 |
| Membership in: | International
Right of Way Association |
| Licensed as: | Certified
General Real Estate Appraiser, State of California, AG005421 |
Professional Service:
- Ex Officio/Director, International Right of Way Association, San Jose Chapter 42, 2005-2006
- 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
| Public Utility Commission, State of California |
Santa Clara County Superior Court |
| United States District Court |
American Arbitration Association |
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| San Joanquin County Superior Court |
100% and Fractional R.E. Interests |
Formal Education
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B.S. Business Management |
University 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 |
| 2008 Spring Litigation Conference, AI |
2008 and 2009 Fall Conference, SF BAy Area AI |
| 2009 Spring Litigation Conference, AI |
Appraisal Curriculum Overview AI |
| Wall Street - Supporting Capitalization and Yield Rates, AI |
7-Hour National USPAP Update 2010 |
| IRS Valuation Summit, AI |
Experience:
1995 to present The
Schmidt-Prescott Group, Inc., President
San Jose, 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
Niles-Fremont Rotarian of the Year 2000-2001
Paul Harris Fellow
Partial List of Clients Served
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