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Wayne F. Prescott, MBA, MAI, CCIM
408-255-6840 ext. 315; Fax 408-255-1788
Email: wprescott@valuationconsultant.net

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. DegreeNew 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
  • 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
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
Community Service

Kiwanis Club of San Jose, Tablet of Honor Recipient
Distinguished Service Award, 2005

Partial List of Clients Served
 
 
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