Valuation Consulting, Appraisal,
Expert Witness Testimony
California Certified General Appraisers License No. AG001533
MAI Member of the Appraisal Institute, No. 10263, CCIM Member
of the CCIM Institute, No. 7817
Mr. Prescott has been appraising proposed and existing commercial,
industrial, and residential property since 1985. Past work includes
improved properties and/or land for office buildings, warehouses,
industrial and R & D buildings, apartment complexes, mobile
home parks, self-storage facilities, auto dealerships and race
tracks, service station and fast food sites, attached and detached
single family dwellings, residential and commercial condominiums,
cooperatives, and commercial & residential land development
projects.
Experienced expert witness in land valuation, construction defects,
subdivision analysis, retail centers, and standard of care for
appraisers. Appraising for government agencies, lenders, attorneys,
accountants, corporations, and individuals for eminent domain,
estate planning, mortgage lending, litigation support, construction
defects, partnership disputes, lease rates, mis-management,
fire damage, earth movement, gifting, taxation, subdivision,
investment, collateralization, purchase, and sale. A trained
mediator, specializing in property dispute resolution. Twelve
years prior experience in the industrial property insurance
industry as a loss prevention engineer, underwriter, and broker.
Education
M.B.A. Degree New
York Institute of Technology
Conferred with DistinctionNew
York, New York
Bachelor of Science in Mechanical EngineeringTufts
University,
Medford,
Massachusetts
Experience
1994 - PresentPrincipal
in The Schmidt-Prescott Group, Inc.
San Jose
and Fremont, California
1992Assistant
Vice President, Union Bank
Commercial
Appraisal Dept., Oakland, California
1990Real
Estate Appraiser and Consultant
Urban Land
Research, Campbell, California
1989Independent
Real Estate Appraiser
San Jose,
California
1987Real
Estate Appraiser and Consultant,
S. F. Federal
Savings & Loan Association,
San
Francisco, California
1985Residential
Appraiser, Subdivision Appraisal Services
San Jose,
California
Relevant Prior Experience12
years in industrial property insurance
as an engineer,
underwriter, and account executive
Expert Witness Testimony
Qualified as Expert Witness in Federal Bankruptcy Court,
Federal District Court, and Superior Courts of Santa Clara,
Alameda, and Santa Cruz Counties.
Professional Affiliations
Licensed as Certified
General R.E. Appraiser, State of California, AG001533
Licensed as Real
Estate Broker, State of California, #1012456
Memberships in
Appraisal Institute (MAI Member)National
Association of Realtors
CCIM Institute (CCIM Member)Santa
Clara County Association of Realtors
International Right-of-Way AssociationCalifornia
Association of Realtors
Specialized Appraisal and Real Estate Education (Courses,
Seminars, and Workshops) Sponsored by the Appraisal Institute,
International Right-of-Way Association, and the CCIM Institute
- The Appraiser as Expert Witness
- Eminent Domain Law Basics for Right-of-Way Professionals
- Valuation of Goodwill Loss Under Eminent Domain Law
- Defending and Attacking an Appraisal in Litigation
- Appraisal Practices for Litigation
- Appraising for Tax Appeals
- Appraising Environmentally Impaired Properties
- Appraising for Eminent Domain
- The Appraisal of Undivided Minority Interests
- Financial Analysis for Commercial Investment Real Estate
- Decision Analysis for Commercial Investment Real Estate
- California Condemnation Process
- The Appraisal of Partial Acquisitions
- Estimating Loss in Value
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- Highest and Best Use and Market Analysis
- Business Value in Real Estate Appraisal
- Working with Consultants
- Report Writing & Valuation Analysis
- Case Studies in Real Estate Appraisal
- Capitalization Theory and Techniques
- Standards of Professional Practice
- Electromagnetic Fields and Their Effect on Value
- Principles of Appraisal
- Market Analysis for Commercial Investment Real Estate
- Residential Valuation
- Mello-Roos Bond Seminar
- Rates, Ratios, and Reasonableness
- Conservation Easements
- Analyzing Operating Expenses
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Real Estate, Appraisal Community, and Dispute Resolution
Activities
- Director, San Francisco Bay Area Chapter of the
Appraisal Institute, 1997- 1997
- Board of Directors, Northern California Commercial
Association of Realtors, 1997- 1998
- Chair, Ethics and Standards Committee, Northern
California Commercial Association of Realtors, 1997-1998
- San Jose Real Estate Board, Arbitration and Professional
Standards Committee, 1997-2000
- Member, Professional Standards Committee, Appraisal
Institute, 1997-2001
- President, International Right-of-Way Association
Chapter 42, San Jose, 2002
- Membership Chair, International Right-of-Way Association
Chapter 42, San Jose, 2005
- Vice President and Education Chair, International
Right-of-Way Association Chapter 42,
San Jose, 2001
- Editor, Focus Appraisal Newsletter, 1995;
Editor, Fault Lines IR/WA Newsletter, 1996
- Appraisal Institute Fall Conference Committee 2004,
2005
- Property Dispute Resolution Assignments for San
Jose Real Estate Board & Santa Clara County Office
of Human Relation
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Community Service
Kiwanis
Club of San Jose, Tablet of Honor Recipient
Distinguished
Service Award, 2005
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