William Novotny is an experienced general personal property appraiser specializing in loss cases in which property has been destroyed, cannot be inspected and is subject to dispute. He has appraised thousands of properties for hundreds of clients. He was accredited in 1996 by ISA. He is currently an appraisal course developer with Appraisal Course Associates.
He was an antique dealer for 20 years before retiring as a retailer in 1999. He owned a 21,000, an 8,500 and a 3,200 square foot retail store and gallery. He has been an estate sale agent for the last 20 years. He has extensive knowledge regarding most property types and experience in the market levels in which they are traded. He exhibited at important antique shows and provided antique furniture restoration services in the 1990's.
He is keenly aware of the competency requirements for each property type. He has specialist appraisers, dealers and experts that consult with him when needed.
In 2002 he was Certified (#10138) by the Appraisal Qualifications Board (AQB) of the Appraisal Foundation to instruct the Uniform Standards of Professional Appraisal Practice (USPAP). He was the first personal property appraiser to attain this distinction. He teaches USPAP frequently throughout the country.
In 2008 he published a scholarly article in the Journal of Advanced Appraisal Studies entitled: Equivalent Sampling The Valuation of Loss Claims with Limited Property Descriptions." The article discusses the requirements for credibly appraising such property in compliance with USPAP using simple statistical methods and equivalent sampling.
William. Novotny understands and embraces his obligations to his clients. He knows that he must deserve their trust and confidence, and that his appraisal opinions must be objective, impartial, unbiased and worthy of belief. To accomplish these objectives he must act competently and ethically. He regards USPAP as the minimum standard by which credibility is established. He takes care that the entire appraisal process is in compliance with the USPAP standards and rules.
Background
Q: Please list your professional accreditations, degrees, licenses, and certificates granted:A: International Society of Appraisers, Accredited Member
Appraiser's National Association, Accredited Appraiser
AQB Certified USPAP Instructor (#10138)
Q: Please list your affiliations or memberships in any professional and/or industry organizations:
A: International Society of Appraisers
Appraiser's National Association
Claims Prevention and Procedure Council
Q: Please list any teaching or speaking experience you have had, including subject matter:
A: USPAP Instructor:
International Society of Appraisers (ISA contracted USPAP instructor 2007/8)
American Society of Appraisers (taught 15 hour USPAP and 7 Hour Update to San Diego and Los Angeles Chapters 2005-2008)
Appraisal Course Associates, 15 hour AQB National USPAP 15 hour Class 2007 and 2008, see: http://www.appraisalcourseassociates.com/index.html
7-Hour Uniform Standards of Professional Appraisal Practice (USPAP) Update Course for ASA
Appraiser's National Association (developed course material and taught appraisal theory, methods, report writing and USPAP 1998 - 2006)
College For Appraisers (USPAP instructor 2004-2008, developed and taught "Expert Witness" class and other lectures)
Annual Collector's Conference: Presented 1 hour lectures: "Appraiser's Role" and "Expert Witness"
Q: Have any of your accreditations ever been investigated, suspended or removed? (if yes, explain)
A: No
Q: On how many occasions have you been retained as an expert?
A: Since 1997 I have been retained for at least 28 litigation support assignments in which I have developed my opinions, and was prepared to offer my testimony. In the last four years I have been deposed on six occassions and testified at trial twice.
Q: For what area(s) of expertise have you been retained as an expert?
A: Generalist appraiser for large loss claims, some with multiple claimants. General areas of competency appreciating and depreciating properties such as 18th, 19th and 20th century furniture, glass, ceramics, metals, textiles, lighting, ethnic items (including Asian and Native American), records, books, collectibles, garden items, appliances, sporting goods, tools etc. Standard research methods answer most questions. I frequently consult with experts in fine art, jewelry, oriental rugs, sporting goods and collectibles, machinery and equipment, books etc.
Q: In what percentage of your cases were you retained by the plaintiff?
A: Under 10 percent
Q: In what percentage of your cases were you retained by the defendant?
A: Over 90 percent
Q: On how many occasions have you had your deposition taken?
A: Approximately six times.
Q: When was the last time you had your deposition taken?
A: May 20, 2008 and June 4, 2008
Q: On how many occasions have you been qualified by a court to give expert testimony?
A: Less than 28 occasions.
Q: On how many occasions have you testified as an expert in court or before an arbitrator?
A: Three
Q: For how many years have you worked with the legal industry as an expert?
A: Since 1997
Q: What services do you offer? (E.g.: consulting, testing, reports, site inspections etc.)
A: Litigation support
IRS Tax appraisals
Dissolution appraisals
Appraisal review
Trust management
Damage claims inspection consultations and appraisals
Acquire insurance
USPAP compliant, fast paced, oral appraisal reports for sales advisories
Property identification and cataloging
Teach
Lecture
Q: What is your hourly rate to consult with an attorney?
A: $150.00 per man hour
Q: What is your hourly rate to review documents?
A: $150.00 per man hour
Q: What is your hourly rate to provide deposition testimony?
A: $350.00 per man hour (2 hour minimum)
$1,800 per day
$950 per half day
Q: What is your hourly rate to provide testimony at trial?
A: $350.00 per man hour (2 hour minimum)
$1,800 per day
$950 per half day
Q: Please list any fees other than those stated above (E.g.: travel expenses, copy fees, etc.)
A: On site inspection $250.00 per man hour
Property identification, research, consultation, trial preparation etc. $150.00 per man hour
Travel: $50.00 per man hour portal to portal
