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    Monday, October 22, 2018-4:24:04A.M.

     

     

     

     

     

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Senate panel conducts hearing for Board of Professional Licensing nominee

THE Senate Committee on Executive Appointments and Government Investigations conducted a public hearing, Wednesday, for Board of Professional Licensing nominee Lilio B. Tiples.

The committee chairman, Sen. Frank Cruz, asked Tiples to report individuals who ignore fair market values as well as regulations when appraising property in the Commonwealth.

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Board of Professional Licensing appointee Lilio Tiples, center, exchanges pleasantries with Sen. Jude Hofschneider, right. Also in photo: Mrs. Tiples, left, back to the camera.  Photo courtesy of Daisy Demapan

Cruz also asked Tiples whether he had ever been asked by an investor to go lower than the fair market value when doing an appraisal.

Tiples said no.

Sen. Jude Hofschneider asked him if there were any regulations that needed to be changed. Tiples responded by saying that something has to be done with off-island appraisers who are not licensed to do business on Saipan.

 “Honesty, fairness and quality of work are the qualities needed in an  appraiser,” Tiples said.

Sen. Justo Quitugua asked him how he would deal with a CNMI licensed appraiser who asked a non-licensed person to do an appraisal.

Tiples said a licensed appraiser must be present, and the work must be done in accordance with the standards. He said a non-licensed individual cannot appraise on his own.

It is Tiples’ first appointment to the board. He is a certified general appraiser and a BPL licensee. He is also a registered civil engineer and president and chief appraiser of LBT Appraisal whose clients include some of the CNMI’s major hotels.