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Executive Summary

Resume of David E. Stone, Sr., IFAS; DRA
Certified General Appraiser – Arizona

2018

Executive Summary:

Mr. Stone has over 45 years of real estate related experience in varied real estate and real estate related corporate disciplines.  Within the past 45 years Stone had nine years in corporate and bank subsidiary management specializing in appraisal, regulatory and real estate issues; appraisal management, appraisal review & field work.  Ten years as a property manager/builder/developer/Realtor® engaged in commercial and residential projects including real estate brokerage, land development and custom home builder.  He is a Certified General Real Estate Appraiser licensed in Arizona (30853) and has held a Certified General license in Massachusetts (license # 3172).  Additionally, Mr. Stone holds multiple designations and memberships in nationally recognized professional organizations since 1972 and has held a Real Estate Broker’s license in Ohio, Oklahoma and Arizona. Mr. Stone has held continuous professional appraisal designations (Certified Appraiser – Senior from American Association of Certified Appraisers and IFAS from the American Society of Appraisers (formerly the National Association of Independent Fee Appraisers), since 1985 with continuous membership since 1986.  He has also had continuous membership in the Coalition of Arizona Appraisers since 2010 and Arizona Association of Real Estate Appraisers from 2008 and currently serves on the Board of Directors as Treasurer.

Additionally, Mr. Stone has served as head of the FDIC New England office Appraisal Department overseeing the ordering of commercial and residential appraisals as well as Senior Reviewer overseeing a staff of appraisal reviewers in both commercial and residential disciplines.  During his tenure with the FDIC and for several years following David served as a representative to the Institutional Review Appraisers Organization of

New England (Chief Reviewers of many New England Banks) and has received several citations for outstanding achievement.

Present:

  • Owner – American Eagle Appraisal, PLLC – 2018
  • Owner – American Eagle Appraisal & Consulting, Inc. (1986 – 1990 & 1993 – Present)
    • Office in Arizona
    • Affiliate office in Boston, MA
    • Residential Appraisal & Review appraisal services
  • Certified General Appraiser – Arizona (30853)
  • Certified member of American Society of Appraisers (National Association of Independent Fee Appraisers (NAIFA))
    • Senior (Life) Member – IFAS
    • NAIFA Regional Governor – 2003 – 2007
    • NAIFA – Former State Director & Chapter President – Arizona – 2000 – 2002
  • Instructor – Appraisal and Realty courses.
  • Member – National Association of Realtors®
    • West Maricopa County Regional Board of Realtors
    • Designations –
      • GRI, CRS
    • Designated Member DRA – Arizona Association of Real Estate Appraisers

 Recent Course Work (2009 – 2018): 

  • Navigating FHA – 2018
  • USPAP – 2015, 2017
  • Solar for Residential Homes – 3/28/12, 7/1/18
  • Uniform Appraisal Dataset 7/29/11
  • Loss Prevention for Real Estate Appraisers – 2/23/15
  • Institutional Fraud – 2/22/11
  • 2017 AZ Appraisers State Conference, Session III
  • 2017 AZ Appraisers State Conference, Session IV
  • 2017 AZ Appraisers State Conference, Session I
  • Reengineering the Appraisal Process – Lender’s Perspective – 12/7/10
  • Reengineering the Appraisal Process – Lender’s Perspective – 12/7/10

Prior to 2010 –  

  • Course developer –
    • Appraisal & Realty – The differences – 2006 & 2008
  • Continuing Education Courses taken –
    • Appraisal Management Companies – Laws, Issues & Solutions 10/19/09
    • ABA 0909(I) – Tracts A & B – 10/19/09
    • ABA 0909 (IV) Tracts A & B – 10/20/09
    • FHA Appraisal Requirements – 10/20/09
    • Loss Prevention Program for Real Estate Appraisers – 3/4/09
    • USPAP – 7 hrs – July, 2008
  • FHA Certified
    • 1986 – 2018
    • 2007 – Present – Recertified #30853
      • FHA appraisals and HUD Owned appraisal contract for Massachusetts – 1994 – 1996

 Types of Appraisals Performed:

  • Residential –
    • Single family, Multi-family (2-4 unit), Manufactured homes, acreage, building lots & REO/Foreclosure services
  • Commercial –
    • 5 unit + apartment complexes.
    • Mixed use (residential with commercial addition)

Education:

  • Case Western Reserve University –
    • Major – BS/Marketing; Real Estate
  • Appraisal Designations –
    • IFAS; AACA – Senior; AAREA – DRA; CA-R; CA-S; GRS; GSA; CRA
  • Real Estate Designations –
    • Broker (3 states); GRI; CRS

Former:

  • Federal Deposit Insurance Company (FDIC) (1990-1993)
    • Section Chief
    • Senior Review Appraiser
    • Manager – Appraisal Review & Ordering with a staff of 12.
  • Real Estate Franchising – ERA & Realty World (1981 – 1986)
    • Regional manager & VP Member Services (Staff of 22 persons)
  • Weimer-Stone Realty – Owner (1975-1981)
    • Residential Sales & Brokerage
    • Land Developer
    • Custom Home Builder
    • Commercial Rental Agent

Education – Appraisal:

  • 2009 – 2018 – See above
  • 2003 – 2008 –
    • Small Income Properties (15 hrs) – 2005
    • FNMA forms – 4(4 hrs) – 2005
    • USPAP – every 2 years (15 hrs each) – 2005 & 2003
    • Loss prevention for Appraisers (4 hrs) – Every 2 years
  • FNMA update – (7 hrs) – 2004
  • Appraising Historic Homes (4 hrs) – 2003
  • Appraisal statistics – (3 hrs) 2005

Published:

  • Residential Solar Part 2 – 2018
  • Appraise for Profit – 2018
  • What’s Your (appraisal) Time Worth?
  • Appraising Solar of Single Family Homes
  • Successful Appraising under USPAP
  • Target Marketing for the Future Real Estate Market
  • Franchise Sales Techniques
  • Narrative Report Writing for Residential Appraisals
  • Basics of the HP12C calculator
  • Marketing Appraisal Services to Realtors

Special Recognition:

  • Outstanding Achievement – Special award – FDIC
  • VP – Manager of the Year – ERA
  • Outstanding Instructor – John Carroll University
  • Special Recognition – Cleveland Area Board of Realtors®
    • Board Member
    • Regional Meeting President
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