CA Certified General Appraiser, License No.: AG001533
Mr. Prescott earned a Bachelor’s degree in Mechanical Engineering, and an MBA while
working in the industrial insurance business, first as a loss prevention engineer and later as an underwriter and account executive. He became a real property appraiser in 1985 and worked in the banking business before being awarded the MAI designation by the Appraisal Institute in 1994. In 1995 he joined Frank Schmidt to create the Schmidt-Prescott Group, Inc. He earned the CCIM designation from the CCIM Institute in 1996.
He has appraised improved properties and land for office buildings, warehouses, industrial and R & D buildings, apartment complexes, mobile home parks, self-storage facilities, auto dealerships, service station and fast food sites; agricultural, ranch and conservation land; attached and detached single family dwellings; residential and commercial condominiums; commercial & residential land development projects; easements; and rent surveys for residential and commercial buildings. Experienced expert witness in land valuation, easements, eminent domain, construction defects, subdivision analysis, retail centers, and standard of care for appraisers (about 50/50 for the defense and plaintiff). Appraising for a variety of clients including the IRS, municipalities, Special Districts, attorneys, accountants, corporations, and individuals for eminent domain, estate planning, fractional interests, litigation support, construction defects, partnership disputes, lease negotiation, mis-management, fire damage, earth movement, gifting, taxation, subdivision, investment, collateralization, purchase, and sale.
He has served on several committees for the Northern California Chapter of the Appraisal Institute and as president in 2002 of the San Jose Chapter of the International Right of Way Association. He currently serves since 2010 on the Santa Clara County Assessment Appeals Board. He is a 20-year member of the Kiwanis Club of San Jose and a Court Appointed Special Advocate for foster youth.
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