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PATRICIA
A. LENTZ, SRA, CRA
The owner of the firm, Patricia
A. Lentz, SRA, CRA, is long-time resident of the Wood River Valley.
She has been active in the local real estate market since she moved here in
1985. She has an Idaho real estate license, worked in the past with a
residential and commercial real estate developer in the area, and began
appraising in the early 1990's.
Following is a brief overview of her experience, professional affiliates,
and education background.
Experience:
Lentz Appraisal & Consulting, LLC, owner, P. O. Box 6919,
Ketchum, Idaho, 83340.
Owner of Monge Appraisal & Investments, June 1996 to present. Name changed
as of January 1998.
Monge Appraisal &
Investments, P. O. Box 307, Sun Valley, Idaho.
1992 to May 1996 - real estate appraiser, specializing in high-end, $1,000,000+
residential appraisals, condominiums, townhouses, new construction, vacant
land, multiple-family projects, single-family residences, estate and tax
appraisals, and general real estate consulting including special-use
properties, feasibility analysis, and listing valuations.
The Roth Co.,
P. O. Box 2040, Sun Valley, Idaho. 208-726-9663.
July 1986 to 1992 - Office manager and comptroller of residential and commercial
construction/development firm. Specializing in high-end, custom and
speculative, single-family residential homes and residential developments.
Professional
Designations and Affiliations & Memberships:
 | SRA member of the Appraisal
Institute |
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Member of Southern Idaho Chapter of the
Appraisal Institute |
| Board
member - Idaho Real Estate Appraiser Board (8/2006 to present) |
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Licensed Realtor in the State of Idaho (inactive)
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Member of the Appraisal Section of the National Association of Realtors
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Member of the National Association of Real Estate Appraisers
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Certified as a Women in Business organization |
| Member
of the Sun Valley/Ketchum Chamber & Visitors Bureau |
| Member
of the Hailey Chamber of Commerce |
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Past board of director for the Sagebrush Equine Training Center for the
Handicapped |
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Past board of director for the Southern Idaho Chapter of the Appraisal
Institute (2001)
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Education & Courses:
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Certified Appraiser in the State of Idaho, Certified Residential
Appraiser-#142.
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Licensed Realtor in the State of Idaho (inactive).
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Guest lecturer in 1999, 2003, and 2004 for a real estate licensing
class discussing the practical aspects of appraisal. |
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B.B.A., May 1985, with honors from Idaho State University.
Emphasis in Business Management & Organization.
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All courses were presented by The Appraisal
Institute unless otherwise noted.
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The
Professional's Guide to the URAR, September 2005. Updates
on the revised Fannie Mae forms, revised limiting conditions, and
appraiser's certifications. 7 hours. |
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Standards
of Professional Practice, USPAP Update, March 2004. Focus on
recent changes to USPAP, including requirements for ethical behavior and
competent performance by appraisers. Clarify concepts of scope of work. 7
hours.
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Real
Estate Fraud: The Appraiser's Responsibilities and Liabilities. November
2001. Recognizing and avoiding becoming involved in fraudulent
activity involving any kind of real property. Practical risk management. 7
hours.
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Appraisal of Nonconforming Uses. November 2001. Focus on interim
use and over-improvement properties, analyzing specific case studies and
exploring the problems encountered in appraising nonconforming uses. 7
hours.
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How the New Privacy Legislation Affects Your Practice. November 2001.
Description of the act and its implications for real estate appraisers,
including notice requirements and restrictions that impact appraisers. 2
hours.
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1031 Exchange Seminar. October 2001. American Exchange Services.
Information on the latest information on the IRS guidelines and treatment
of exchanged properties. 3 hours.
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Advanced Residential Form & Narrative Report Writing, October 2000,
40 hours. Designed to assist participants in reporting the results of the
appraisal process in narrative form clearly and succinctly. Discussion and
review of residential valuation procedures and current appraisal
standards. Appraisal Institute.
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Attacking & Defending an Appraisal in Litigation, September 2000,
15 hours. Provides a model for attacking and defending an appraisal
including the appraiser, the appraisal, the report and consulting/review.
USPAP is stressed throughout the seminar. Related topics include evidence,
procedure, testifying techniques, and appraisal theory. Appraisal
Institute.
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Valuation of Local Retail Properties, September 1999, 7 hours.
Provides an overall view of the retail environment, the valuation process,
factors that influence value, and trends affecting this property type.
Appraisal Institute.
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Residential
Demonstration Appraisal Report Writing Seminar, June 1998. 14 hours.
The course provides an extensive examination of the Cost, Sale Comparison,
and Income Capitalization approaches to value and an in-depth review on
highest and best use and reconciliation and final estimate of value.
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Standards
of Professional Practice, Part C, April 1998. 16 hours. Provides an
update of changes to the USPAP and the Appraisal Institute’s Code of
Professional Ethics and peer review system.
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Advanced
Income Capitalization, April 1997, 40 hours. Review of income
capitalization concepts; estimating cash flows, investment analysis
concepts, risk analysis, financial leverage, yield capitalization with and
without financing, and supporting the discount rate.
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Data
Confirmation and Verification Methods. September 1996, 7 hours.
Focuses on the verification process by exploring techniques using the
telephone, face-to-face interaction, and advanced technology.
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Residential
Case Study, September 1995, 39 hours. Case study with focus on dealing
with all facets of the valuation process with an emphasis on market
extraction of data and analysis and application of data in the appraisal
process.
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Understanding
Limited Appraisals & Reporting Options - Residential, October 1994,
7 hours. Information on permitted departure and related changes to
the Uniform Standards of Professional Practice.
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Maximizing the Value of an Appraisal Practice, July 1994, 7 hours.
Emphasized customer services, how to identify lender's concerns, and how
to appropriately address those concerns when completing an appraisal
assignment.
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Standards
of Professional Practices, Parts A & B. October 1993, 27 hours.
Part A is designed to comply with The Appraisal Foundation's requirements
for state appraisers and focuses on the Uniform Standards of Professional
Appraisal Practice (USPAP). Part B focuses on the Appraisal Institute's
Code of Professional Ethics and enforcement procedures.
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The
New Uniform Residential Appraisal Report (URAR), October 1993, 7
hours. Designed to educate appraisers on the changes in the new URAR
report that will be used for residential appraisal assignments after
January 1, 1994.
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Appraisal
Procedures, February 1993, 39 hours. Review of the valuation process,
appraisal mathematics, site valuation, cost and sales comparison
approaches, introduction to income capitalization, and reconciliating and
estimating final value.
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Appraisal
Review Seminar, August 1992, 7 hours. Intended to inform appraisers of
the professional requirements of the reviewing assignment. Emphasis being
placed on professional practices, scope of the review assignments, and
documenting and reporting the results.
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Appraisal
Principles, June 1992, 38.5 hours. Provides an overview of the
valuation process; reinforces understanding of fundamental concepts and
broadens current knowledge; notes changes in the professional and
contemporary interpretations of appraisal theory and procedures.
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