Description:
Thomas C. Andersen established the firm in 1990. Over the years, the firm has completed over 2,000 appraisals. Our mission is to provide high quality real estate appraisal and consulting services, prepared with integrity, delivered on a timely basis, with outstanding customer care.
Professional Affiliations:
MAI, State Certified General Appraiser - BREA # AG002758, 1/10/2019 - 1/9/2021
MAI Designation
Thomas C. Andersen is among the limited number of real estate appraisers holding the MAI designation from the Appraisal Institute. The Appraisal Institute is the profession’s most prestigious national association. The Institute’s MAI designation is awarded to professionals who have completed a rigorous education, peer review and passed testing requirements relating to the valuation of all classes of commercial real estate. The requirements for the MAI designation vastly exceeds the requirements to be a state certified appraiser.
Designated appraisers are required to have extensive training with 4,500 hours of specialized experience which exceed federally mandated state certification, licensing, and registration standards. In real estate appraising, there is little variance in fees and timing. However, the range in quality and professionalism can be vast. As a designated member of the Appraisal Institute, I have a commitment to advanced education, defined ethical requirements and higher expectations for the appraisal profession as a whole. Requirements and courses completed for the MAI designation from the Appraisal Institute are listed below:
Required Courses/Exams Completed courses and examinations as required in Levels I and II. Some of the courses completed are as follow:
Basic Appraisal Principles Basic Appraisal Procedures General Appraiser Income Approach/Part I General Appraiser Income Approach/Part II General Appraiser Sales Comparison Approach General Appraiser Site Valuation & Cost Approach General Market Analysis and Highest and Best Use General Appraiser Report Writing & Case Studies Advanced Income Capitalization General Market Analysis and Highest and Best Use Advanced Sales Comparison and Cost Approaches Report Writing and Valuation Analysis (Course & Exam required) Advanced Applications Appraisal Experience Received 4,500 hours of Specialized Experience
Scope of Experience:
Review Work
Cathay Bank - Loans over $3,000,000
First Commercial Bank (USA)
Residential
Single Family Homes
Condominiums
Subdivisions
Apartment Buildings
Mobile Homes
Land Valuation
Commercial
Shopping Centers
Office Buildings
Retail Stores
Restaurants
Auto Repair
Industrial
Manufacturing
Warehouses
Multi-Tenant Buildings
R&D Buildings
Partial List of Clients
Financial
East West Bank
Cathay Bank
Wing Lung Bank LTD.
First Commercial Bank (USA)
Bank of East Asia
Preferred Bank
Premier Bank
Shanghai Commercial Bank
Far East National Bank
Royal Business Bank
Pacific Alliance Bank
Land Bank of Taiwan
