Disciplinary actions: Appraisers

For details about many of these disciplinary actions, please see Search business and professional licenses.

November 2015

Mark Valko — Olympia

  • Findings:
    • Failed to discuss Subdivision water rights in scope of work to prepare an appraisal report for the subject property.
    • Failed to disclose previous services provided regarding the subject property.
    • Provided appraisal report to client with incorrect report date.
    • Failed to clearly describe report type.
    • Failed to support bulk lot discount adjustment.
    • Provided appraisal report to client with conflicting yield rates.
    • Failed to mention or support debt-equity ratios and yields contained in appraisal.
  • Action: Suspended one year, all stayed (not imposed) for three years, and ordered to successfully complete a Subdivision Valuation course.

September 2015

William C. Millett — East Wenatchee

  • Findings:
    • Unreasonable lack of due diligence in preparing multiple appraisal reports.
    • Negligent and/or incompetent preparation of multiple appraisal reports.
    • Failure to utilize recognized appraisal methods to prepare multiple appraisal reports.
    • Failure to support analyses and conclusions made in multiple appraisal reports.
  • Action: License revoked five years.

July 2015

Richard Bryan — Yakima

  • Findings:
    • Adjustments and/or lack of adjustments for comparable sales lacked sufficient or logical explanations in appraisal reports and work files.
  • Action: Fined $1,500 and ordered to successfully complete a Comparable Sales course and, a 15-Hour USPAP.

April 2015

Sydne Porter — Tonasket

  • Findings:
    • Failed to include data or support in the appraisal report or workfile for adjustments made pertaining to differences between the subject property and comparable sales.
    • Failed to report and/or adjust for waterfront views of comparable sales utilized to support the appraisal opinion for the subject property.
    • Failed to maintain a complete workfile containing data utilized to support and/or develop an appraisal opinion .
  • Action: License suspended for 1 year, stayed (not imposed) for 2 years.

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