Banner Ad_Consumers

Member Bio

Ronald E. Prat, ASA



Contact Information:
4119 Oakwood Rd.
Ortonville, MI 48462
View address on a map

1 (248) 568-5100

Appraiser Profile:
Qualifications for Ronald E. Prat

As of
August 01, 2015

Ronald E. Prat is an energetic, goal and performance focused valuation professional having significant expertise in real property appraisals for: current reviews, retrospective and forensic (desk and field) for loan risk analysis, private appraisals, as well as complex real estate problem solving development. He is a highly proficient communicator with established aptitude regarding a variety of appraisal products.
Professional Experience

1998- Present
Silverpilen Corporation, Ortonville, MI
Title: Principal
Provided real property valuations and consultation services for various local and national lenders, insurance, corporate relocation, attorneys, CPAs, investment companies, and MTT (Michigan Tax Tribunal) hearings. Prepared current and retrospective review appraisals for forensic analysis and fraud prevention.

City of Auburn Hills Assessor’s Office, Auburn Hills, MI
Title: Residential Appraiser
Performs a variety of routine and complex technical field tasks and office work in the appraisal of real and personal property. Works under the general supervision of the assessor, deputy assessor, and other personnel as assigned. Primarily inspects and appraises residential property. Also may be required to appraise commercial, industrial, and personal property as required by the assessor.

Tracks building permits, reviews construction drawings/site plans, and prepares drawings for field inspections. Performs accounting, auditing procedures relating to assessments; performs on-site inspections of property including: measuring buildings, taking photographs, checking accuracy of existing property record cards, and assessing appropriateness of depreciation schedules used for tax assessment purposes.
Correlates data and completes report of final appraisal judgments, prepares activity and progress reports relative to the work assignments, and maintains and updates real property record cards. Inputs appraisal data to computer assisted mass appraisal system, lists, analyzes, and prepares studies of real property sale transactions. Reviews and edits Oakland County Equalization Department sales reports.
Responds to inquiries from the public regarding appraisal procedures and assessments. Attempts to resolve assessment complaints with taxpayers.

Provided marketing and sales for residential real estate with an emphasis on corporate relocation and R.E.O. properties throughout Oakland, Macomb, Wayne, Livingston, Lapeer and Genesee Counties.

Georgetown University (Washington, DC) – Current student
Master of Science – Real Estate

1988 Michigan State University (E. Lansing, MI.)
Bachelor of Science – Labor / Industrial Relation

Appraisal Qualifying and Continuing Educational Courses taken since 1998

? Evaluating Residential Construction
? General Income Approach – Direct Capitalization
? Power Plant Valuation: Challenges for the 21st Century
? Shopping Mall Intangible Value Extraction: Prospects and Pitfalls in Assessment Disputes
? Contemporary Valuation Issues of Industrial Properties Parts 1 and 2
? Litigation Appraisals: Specialized Topics and Applications
? Evaluating Commercial / Industrial Construction
? Personal Property Administration
? Analyzing Operating Expenses within the Income Approach
? Advanced Residential Applications and Case Studies Part I
? Advanced Spreadsheet Modeling for Valuation Applications
? Worldwide ERC Relocation Appraisals
? Uniform Appraisal Dataset - FNMA / FHLMC / HUD
? Spreadsheet programs in Real Estate Appraisals
? The Appraiser as an Expert Witness
? Report Writing and Case Studies
? Developing Capitalization Rates
? Condos, Co-ops and PUD's
? Appraisal Challenges: Declining Markets / Sales Concessions
? Residential Sales / Income Approach
? FHA and the Appraisal Process
? Land Banking & Property Tax Forfeiture/Foreclosure Process
? Reviewing Residential Appraisals
? Quality Assurance in Residential Appraisals: Risky Appraisal=Risky Loan
? Michigan Tax Tribunal Appraisal Procedures
? Residential Site Valuation and Cost Approach
? Residential Market Analysis / Highest and Best Use
? Business Practice and Ethics
? Real Estate Statistics and Finance Valuation Modeling
? R.E.O. and Foreclosures
? Appraising FHA Today
? U.S.P.A.P. – 15 Hr.
? Appraisal Procedures
? Principles of Appraisal

A.S.A. (American Society of Appraisers) –
ASA (Ad Valorem / Mass Appraisal)
ASA (Real Property)

Real Property Committee (RPC)
? 2015-2016 Chairman for the Education and Ad Valorem Subcommittees
? 2015-2016 Nomination for Secretary/Treasurer
? 2014 -2015 Member-at-Large
? 2013-2014 Ex-Officio Member
Past President, Past Vice President, Past Secretary/Treasurer 2011-2014 (Detroit Chapter 013)

Michigan State Tax Commission
MCAO (Michigan Certified Assessing Officer)

Appraisal Institute -Associate Member (Great Lakes Chapter)
2014 Great Lakes Chapter – Board of Directors Member
AI Regional Representative for 2011, 2012 and 2013
AI Nominating Committee (2013-2014)

OCAAO (Oakland County Association of Assessing Officers)
2014 Trustee

SECMAA (South Eastern Michigan Association of Assessors)
2014 Trustee

Subject Matter Expert and Course Development
? Alliance for Valuation Education (AVE) – Understanding and Using Comparable Transactions (SME)
? Alliance for Valuation Education (AVE) – Market Driven Adjustments (Co-Developer)
? ASA (Webinar) – Identifying and Extracting Adjustments for Residential Sales Comparison

MAA (Michigan Assessors Association)
NAR (National Association of Realtors)
MAR (Michigan Association of Realtors)