Real Estate Appraisal & Consulting

80 Royal Palm Pointe, Suite 401 Vero Beach, FL 32960 

Phone (772) 778-7577   |   Fax (772)778-7868

Paul P. Drake

Professional Affiliations & Licenses

  • MAI Designation, Appraisal Institute
  • State of Florida Certified General Appraiser #RZ 27
  • Licensed Real Estate Broker - Florida BK 22786

Appraisal Review Experience

Appraisal review services are performed for various banks including Wells Fargo, Seacoast Bank, Bank of America and Centerstate Bank .

Partner  in  Boyle  &  Drake,  Inc.,  Real  Estate  Appraisal  and  Consulting  Firm,  Vero 
Beach, Florida--Present 
President, Lawson, Powel & Drake, Inc., Real Estate Appraisal and Consulting Firm, 
Jensen Beach, Florida--January 1994 to March 1995. 
Senior Appraiser, Callaway & Price, Inc., Ft. Pierce, Florida, June, 1989 to January, 
1994. Responsible for appraising complicated properties in Florida and New England 
President,  Drake  &  Ernst,  Inc.,  Realtors/Appraisers,  Boca  Raton,  Florida,  1982  to 
June, 1989  

Vice President/Secretary Treasurer, Talbott & Drake, Inc., Realtors/Appraisers, 1973 
to 1982 
Associate, Eliot West Realty, 1971 to 1972 
Assistant Planner, City of Boca Raton, Florida, 1969 to 1971​

Real Estate and Appraisal Experience

Real Estate and Appraisal Education

Society of Real Estate Appraisers

Course 101, An Introduction to Appraising Real Property, 1975 
    Course 201, Principles of Income Property Appraising, 1976 
    Course 202, Applied Income Property Valuation, 1984 


Appraisal Institute 
    Course 1A-1, Real Estate Appraisal Principles, 1981 
    Course 8-3, Standards of Professional Practice, 1983 
    Course 1A-2, Basic Valuation Procedures, 1986 
    Course 2-1, Case Studies in Real Estate Valuation, 1986 
    Course 2-2, Valuation Analysis and Report Writing, 1986 
    Course 1B-A, Capitalization Theory and Technique, Part A, 1986 
    Course 1B-B, Capitalization Theory and Technique, Part B, 1986 
    Course 8-2, Residential Valuation, 1986 
    Comprehensive Examination -- Challenged and Passed, 1987​


Specialty Courses 
    Argus Power User Seminar, 2000 
Most Recent Continuing Education Courses Attended 
    Practical regression using Microsoft Excel 2013. 
    Marketability Studies: Advanced Considerations & Applications. 
    Business Practices & Ethics-2013. 
       Fundamentals  of  Separating  Real  Property,  Personal  Property,  and  Intangible 
Business Assets-2012 
Overview  of  US  Hotel  Industry/Hotel  Market  Studies  &  Valuation  using  HV 
software.- 2012 
    Foreclosure Basics for Appraisers-2012 
    Appraisal of 2-4 Family and Multi-Family Properties-2012 
  Fundamentals  of  Separating  Real  Property,  Personal  Property,  and  Intangible 
Business Assets-2012 
  Better to be Safe Than Sorry-2016 
  Appraisal Review of Residential Properties-2016 
  Methodology and Applications of Sales Comparison Approach-2016 
  2016-17 7-Hour National USPAP Update Course-2016

Review Theory General - 4 day course covering the 7 fundamentals of the review process - 2017

Florida Real Estate Appraisal Law and Rules-2018.

Other Professional Services

Approved Reviewer of commercial reports for Wells Fargo, Bank of America, 
Seacoast Bank, New York City Bank and CenterState Bank.​

Appraisal, Appraisal-Review and consulting services have been performed on the following types of property in Florida for individuals, corporations, banks, attorneys, governmental agencies, savings and loans, mortgage companies and developers:

Acreage (1,000 + acres)
Agricultural (Vacant &  Improved)
Apartment Complexes
Automobile Dealerships
Beachfront Properties
Commercial Buildings
Convenience Stores
Feasibility Studies (Res. Developments)
Golf Courses
High-Rise Condominiums (Proposed)
Income Properties
Industrial Parks
Office Buildings
Market Studies (Residential Developments)
Mitigation Banks
Mobile Home Parks
Multi-family Projects
Planned Unit Developments
R.V. Parks
Retail Buildings
Residential Properties
Shopping Centers
Special Purpose Properties
Special Master for SLC (Tax Appeals)
Vacant Land, All Types
Warehouse Buildings
Waterfront Commercial Properties
Wetlands & other
Environmental Sensitive Properties

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