RICHARD J. HAGAR, SRA

7433 S.E. 27^th Street

Mercer Island, WA 98040

Business Phone: (206) 236-3037    Business Fax: (206) 236-0246

________________________________________________________________________________

 

Summary of Qualifications / Appraisal:                                         

 

Ø             Certified (Licensed) Residential Real Estate Appraiser   -   Residential/120

Ø             SRA designation with the Appraisal Institute

Ø                   SRA review appraiser for the Appraisal Institute

Ø                   Past, Secretary for the Appraisal Institute (Seattle Chapter)

Ø                   Regional Member (past), Ethics & Counseling Panel for the Appraisal Institute

Ø             On the approved lender list with more than 75 different lenders.

Ø             Involved with the appraisal of 20,000± homes through out King, Pierce, and Snohomish Counties.

Ø             State of Washington approved class instructor for:  · Real Estate Appraising  · Sales  · Market trends  · Principles & Practices          · Construction and Land Use  · Business Opportunities, and  · Use of Computers and other Technologies.

Ø             Creator of educational class for SRA and MAI members of the Appraisal Institute, licensed appraisers and agents.

Ø             Teacher at Seattle Community College, classes in: real estate appraisal and investment.

Ø             15 years experience as a real estate appraiser and consultant.

Ø             12+ years experience as a review appraiser - reviewing work for lenders plus directly overseeing work for six+ appraisers.

Ø             12+ years as owner of American Home Appraisals.

Ø             Provider of appraisals, concerning complex properties, lending purposes, court testimony and insurance companies

Ø                   Provider of expert witness testimony instruction and case study for law students at the University of Washington

Ø                   Expert witness, Superior Court for the States of Washington and Colorado.

Ø             Testified before Washington State’s Senate and House concerning appraisal, and the mortgage industry 1992, 94, 97.

 

 

Summary of Qualifications / Real Estate Sales:

 

Ø             24 years experience as a licenced real estate agent.

Ø             Million+ dollar sales agent 1979 thru 1982.  Involved with more than 63 sales transactions per year, in successive years.

Ø             Rated in the top 5% of all residential real estate agents in the Western United States.

Ø             Primary focus was selling homes to first time home buyers.

Ø             Member of the King County board of Realtors.

Ø             Plat manager (670 and 89 lot subdivisions) selling new construction in North Bend and Redmond.

 

 

Summary of Qualifications / Real Estate Other:

 

Ø                   Directly involved with the subdivision of properties between 10,000sf and 21,000 acres.

Ø             4 years as a principle with a general contracting firm building single family residences in King County

Ø             Advisory panel, State of Washington Mortgage Broker’s Commission, 1992-1994.

Ø                   One of the authors of Washington State’s Mortgage Broker’s Protection Act. (RCW 19.146)

Ø                   Created and successfully implemented a business and action plan for the assemblage and profitable sale of a real estate portfolio.

Ø             Managed a multi-million dollar real estate portfolio that included single family homes, condominiums, vacant land and office building.

Ø                   Consultant to residential portfolio managers throughout the Pacific Northwest.

Ø             Created custom forms and contracts used to manage real estate.

Ø                   Wrote the Real Estate-Advisor.  Portions of the book are being individually sold on the Internet.

Ø                   Personally involved with legal actions and lawsuits against Government Agency’s regarding The Shore Line Management Act, Building Codes, Code Interpretations,  Stop Work Orders, and Private Property Rights (Constitutional).

Ø                   Lobbied Government Agency’s concerning the field of Property Rights, appraisal and Bonding requirements for Sub-Contractors and Third Party Providers of services.

Ø                   Built two homes, the most recent in 1997.

Education                                                                              

Appraisal/Real Estate Courses:

 

Basic Income Capitalization (310)(AI)..................... 30 credit hours 2/04

What’s Legally Permissible? (AI)............................... 2 credit hours 2/04

New Const. and Lien Issues (Chicago Title)............ 3 credit hours 11/03

Short Sales (First AM)............................................. 4 credit hours 10/03

Uniform Standards of Professional Pracitce (AI)..... 7 credit hours 10/03

Real Estate Financing/Land Use Planning (AI)......... 2 credit hours 10/03

(MLS)Locator Computer Sys. (WAR).................. 3.5 credit hours 10/03

Lender Pressure (AI)................................................... 3 credit hours 8/03

Appraisal Landmines (AI).......................................... 7 credit hours 8/03

Washington State Appraisal Issues (AI).................... 2 credit hours 5/03

Revisions to Real Estate Forms (WAR)..................... 7 credit hours 2/03

Real Estate Outlook (AI)............................................ 2 credit hours 2/03

What’s my back yard worth? (AI)............................. 7 credit hours 1/03

Business Market (AI)................................................. 2 credit hours 1/03

Understanding Mold Claims and Managing Risk....... 2 credit hours 9/02

Fannie Mae, Appraisal Issues and D.T.U. ................ 2 credit hours 6/02

Master Planned Community Development (AI)........ 2 credit hours 4/02

Easements and Their Affect on Value (AI) .............. 4 credit hours 11/01

Partial Interest Valuation - Undivided (AI).............. 7 credit hours 10/01

Technology - the New Paradigm (AI)....................... 4 credit hours 10/01

Making Money with Today’s Technology

(Realtors) ................................................................. 3 credit hours 10/01

Price Sells Property (Pro Directions) ........................ 3 credit hours 7/01

Keep Your License (Pro Directions)........................ 7.5 credit hours 7/01

Puget Sound Residential Real Estate (AI)................... 2 credit hours 6/01

Uniform Standards of Professional Practice (AI)..... 8 credit hours   5/01

Waterfront titles in Washington

(Transamerican Title) ............................................... 3 credit hours   2/01

AIRD - Residential Database ................................... 2 credit hours 11/00

Case Studies Residential Highest and Best use ........ 7 credit hours   9/00

Washington Real Estate Practices........................... 30 credit hours   2/00

Appraising of Unusual Residential Properties ........ 2 credit hours   1/00

Automated Valuation Models .................................. 7 credit hours   5/99

Loss Prevention Program for

Real Estate Appraisers............................................ 4 credit hours 10/99

The FHA and the Appraisal Process ....................... 7 credit hours   9/99

Growth Management Act ........................................ 2 credit hours   4/99

Appraising Waterfront properties............................ 2 credit hours   2/99

FNMA Requirements for residential loans

and Desktop Underwriting (ACOW) ...................... 4 credit hours 11/98

Appraising complex properties ............................... 4 credit hours 11/98

Standards of Appraisal Practice (C)......................... 7 credit hours   9/98

Appraising High-Value and Historic Homes............ 7 credit hours   4/98

Growth Management ..............................................  5 credit hours   7/97

Alternative Residential reporting forms ................... 7 credit hours   2/97

Advanced Writing Skills for

Residential Appraisers  ............................................ 7 credit hours   5/96

Legal Liabilities and Responsibilities of

Appraisers  .............................................................. 4 credit hours   1/96

Real Estate instructor training course,

State of Washington                ................................ 15 credit hours 11/95

The Fundamentals of Relocation Appraisals            7 credit hours 10/95

Collateral Assessment Training 

(FHLMC/ Value IT)  ............................................... 7 credit hours   8/95

Appraising FHA Properties  (HUD)  .....................  8 credit hours 11/94

Understanding Limited Appraisals and

Appraising Options  ................................................ 7 credit hours   7/94

Appraisal Review - Residential Properties  ............. 7 credit hours   5/94

Real Estate Law  (MYKUT)  ................................ 30 credit hours 10/93

FIRREA/New URAR Seminar  (AIREA)  .............. 7 credit hours 10/93

Appraisal Review Symposium  (AIREA)  .............. 4 credit hours 10/92

Standards of Professional Practice (USPAP)

(Bellevue Community College)  ............................. 15 credit hours   4/91

FIRREA/FNMA Requirements  (AIREA) .............. 7 credit hours   3/91

Residential Valuation  (AIREA)  ........................... 39 credit hours 10/90

FIRREA Seminar  (Office of Thrift Supervision)  ... 4 credit hours   9/90

Real Estate Appraisal Principles  (AIREA)  ......... 39 credit hours   2/89

Standards of Professional Practice   (AIREA)  ...... 24 credit hours   4/88

Real Estate Contract Law  (Board of Realtors)  ...... 8 credit hours  1982

Real Estate Financing & Secondary Market 

(Board of Realtors)  ................................................. 8 credit hours  1982

Real Estate Finance & Law  (Board of Realtors)  .... 8 credit hours  1980

Real Estate Investment Strategy & Appraising

(Board of Realtors)  ............................................... 17 credit hours  1979

Real Estate Law

(Bellevue Community  College) ............................. 17 credit hours  1976

 

 

Additional Appraisal Seminars:

 

Mortgage Brokers Practices Act (Participated in creating the law).. 1994

Washington Mutual Appraisal Requirements ................................. 1991

FNMA Requirements Seminar (AIREA)  ....................................... 1990

Real Estate Values in King County (AIREA) .................................. 1989

FNMA/FHLMC Requirements Seminar (FHLBB) ........................ 1987

 

 

Other:

College  - Degrees in Business Administration &

Economics .............................................................   1972-1976

Newport High School - Bellevue, WA  ............................ 1972

 

 

Teaching (Instructor):

 

Lender Pressure.................................................................................. 8/03

What’s my back yard worth? (1 of 4 Instructors) ............................ 1/03

Real Estate Investment (Twice a year).......................................... 2002 +

Real Estate Appraisal -Introduction (1- 4 times a year)............... 1997 +

Real Estate Appraisal - Advanced  (1 a year)............................... 2002 +

Feasibility Studies (1 a year)......................................................... 1998 +

Appraisal of Small Income Residential Property.............................. 9/02

Appraisal of Unusual Residential Properties.................................... 1/00

Waterfront properties - Special appraising ....................................... 2/99

Examining the Expert Witness (UW law school)(2 hour)............... 1996+

 

 

Author of the following real estate classes:

 

Real Estate Investment ................................................ 1,7,16 & 33hours

Appraisal of Small Income Residential Property....................... 33 hours

Real Estate Appraisal ................................................................ 33 hours

Real Estate Appraisal for Agents ................................................ 7 hours

Real Estate Appraisal for Mortgage Brokers................................ 7 hours

Valuation of Waterfront Properties        ...................................... 3 hours

Appraising Unusual Residential Properties ................................. 3 hours

The Growth management Act ...................................................... 5 hours

Top 10 clarifications that lenders ask for

and how to answer ....................................................................... 2 hours

Use of Computers and other Technologies .................................. 2 hours

Lender Pressure............................................................................. 3 hours

 

Employment - Real Estate:

 

2002 to                 Seattle Community College,                Seattle, WA

   Present:               Real Estate Instructor

Teaching Washington State accredited classes to real estate professionals and lay people.  Wrote and developed: Real Estate Investment, Advanced Real Estate Investment, Appraisal of multi-family housing, and Appraisal of single family housing.

 

 

1997 to                 Professional Directions Inc,                Kirkland, WA

   Present:               Real Estate Instructor

Teaching Washington State accredited classes to real estate professionals and lay people.  Wrote and developed classes for: Real estate appraisal and First time home buyers.   Co-developed real estate classes delivered to professionals via an Internet site.  Co-developed the first underlying operating system and Internet site used to disseminate and sell clock hour instruction.

 

 

1988 to                 American Home Appraisals                Mercer Island, WA

   Present:               President / Professional Real Estate Appraiser / Consultant

Experienced in appraising single and multi-family residences, condominiums, raw land and subdivisions.  Appraisals have determined market, tax, insured and lost values; involving legal questions, rights of ownership, easements, divorce and estates on unusual and multi-million dollar properties. Provided appraisals for local and national lenders, title insurance companies, attorneys, corporations and private individuals.  I have provided expert testimony in Property Rights, Foreclosure, and Divorce proceedings, Small Claims and  Superior Court.

 

Reviewed appraisals for the Appraisal Institute, Government agencies, attorneys, local and national lenders.

 

Experienced in field and desk reviews, construction and final inspections.

 

Experienced in the geographical areas of King, Pierce, and Snohomish counties, Ocean Shores and limited areas of Eastern Washington. Approved instructor for Washington State clock hours in the fields of: Appraising, Real Estate Fundamentals, Real Estate Principles, Practices & Essentials, Construction & Land Development and Selling/Listing/Marketing.

 

 

1986 to                 Ken Fletcher & Associates                 Bellevue, WA

   1988                   Professional Real Estate Appraiser

Experienced in appraising single family residences, condominiums, raw land, developed lots, construction appraisals, and final inspections in King and Snohomish counties.

 

 

1984 to                 William A. Bain & Associates (Coldwell, Banker, Bain Assoc)  Bellevue, WA

   1989:                  Realtor / Sales Consultant /Development Coordinator

Sales Associate specializing in new construction, condominiums, and expensive home resale market.

 

Assisting developers and sellers by:

·        Preparing market evaluations used in determining fair market value for homes, condominiums, and developments.

·        Performance analysis for determining single family housing (the type, size, cost, and locations) for future developments.

·        Interfacing with engineers, architects, and government agencies in creating plat layouts, plat approvals, and floor plans suitable for site and consumer demand.

·        Vast knowledge of financing, mortgage banking, construction loans, and escrow companies.

·        Experienced in preparing marketing and promotional materials for clients, Realtors, and home shows.

B.C Northwest Construction General Contracting firm.   Issaquah, WA

   1982:                    Sales and Design Consultant / Development Coordinator / Land purveyor

Designed homes.  

 

Assisted in conceptualizing subdivisions, home placement and acquisition of acreage for the specific purpose of subdivision. 

 

Managed and interfaced with plat engineers, surveyors and government agencies while guiding projects through the government platting process.  Platting process included short and long plats between 2 and 128 lot subdivisions.  Subdivision included the acquisition of easements rights for ingress/egress, sewer and water together with arranging financing for the actual subdivision and ground breaking.

 

Assisted in acquisition of financing for the construction of more than 100 homes.

 

 

 

1977 to                    The John’s Real Estate Corporation    Mercer Island, WA

   1984:                     Sales Consultant / Plat Manager / Development Coordinator

Multi-million dollar producer, principally selling and listing homes for first time home buyers, time share condominiums, vacant land and recreational land in vacation or tourist spots in Washington.

 

Assisted in the development of single family homes for first time home owners.

 

Real Estate sales - residential, land, developments, and condominiums.

 

Assisting developers and sellers by:

·        preparing market evaluations used in determining fair market value for homes, condominiums, and developments.

·        performance analysis for determining single family housing (the type, size, cost, and locations) for future developments.

·        interfacing with engineers, architects, and government agencies in creating plat layouts, plat approvals, and floor plans suitable for site and consumer demand.

 

Vast knowledge of financing, mortgage banking, construction loans, and escrow companies.

 

Experienced in preparing marketing and promotional materials for clients, Realtors, and home shows.

 

Set and manned booths within Trade and Home Shows.  Created marketing materials specific to each show and residential real estate project.

 

 

 

 

 

 

References - Real Estate Appraisal:

(2003)