Dept. of Commerce & Economic Development v. Wold

In 2008, Alaska's Board of Certified Real Estate Appraisers imposed professional sanctions on appraiser Appellee-Cross-Appellant Kim Wold for violations of the Uniform Standards of Professional Appraisal Practice (USPAP). The Board relied in large part on the views of a distinguished expert in Alaskan real estate appraisal who performed a "desk review" of Appelle's work. The expert concluded that the appraiser committed numerous violations of the USPAP. Though the Supreme Court reviewed the Board's findings with great deference, it concluded that none of the Board's findings of USPAP violations were supported by substantial evidence in light of the whole record. The Court thus affirmed the superior court's reversal of the Board's findings of USPAP violations, and reversed the single violation that the superior court affirmed. View "Dept. of Commerce & Economic Development v. Wold" on Justia Law