Real Estate Appraiser Agrees to Fine & Probation
Lima admitted that on two occasions since August 2003, he failed to comply with Board regulations and standards of professional appraisal practice at a property located in Somerset. The Board alleged that Lima inflated the home's living space square footage and stated that the basement was a concrete slab when it was actually a foundation. The Board contended that Lima also failed to maintain a work file containing a true and accurate copy of the appraisal.
During the probationary period, Lima agreed to provide the Board with a list of all appraisal assignments and submit to a Board audit of the quality of those appraisals. Lima will also be required to satisfactorily complete a National Uniform Standards of Professional Appraisal Practice course. He will not be eligible for full reinstatement of his license until February 15, 2006.
The Board of Registration of Real Estate Appraisers licenses approximately 4,600 real estate appraisers throughout the Commonwealth. In 2004, the Board received 30 new complaints and resolved 37 complaints, resulting in three consent agreements, three license revocations and two license suspensions.
Consumers are urged to visit the Division of Professional Licensure's website at www.mass.gov/reg and select the "check a license" option to determine whether a professional they are considering doing business with is licensed and in good standing.
The Division of Professional Licensure is an agency within the Office of Consumer Affairs and Business Regulation. It is responsible for ensuring the integrity of the licensing process for 43 trades and professions regulated by 29 boards of registration, the updating and renewal of approximately 330,000 licenses and the maintenance of databases for licensing, enforcement and revenue collection. In fiscal year 2004, the Division of Professional Licensure imposed record levels of enforcement, including 829 disciplinary actions, $128,000 in fines and the return of more than $25,000 to consumers.