RICHARD J. HAGAR, SRA7433 S.E. 27th 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)
References
- Legal Real Estate Appraisals Performed:
References
- Real Estate Sales:
Partial listings of Approved Secondary Lenders:
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