MICHAEL TARNOW, MAI, SRA
Co-Owner and founder of NMREC, Inc.
(formerly Michael Tarnow & Associates)
State Certified General Real Estate Appraiser (State of Michigan) #1201000638
- Real Estate & Appraisal Education
- Professional Experience
- Professional Affiliations
- Partial Client List
- Locations of Major Appraisal Assignments
- Expert Witness in...
- Professional Designations
- About the Appraisal Institute
REAL ESTATE & APPRAISAL EDUCATION
University of Michigan Extension
- Real Estate Business III
- Real Estate and the Government
- Real Estate Law
- Principles of Appraisal I (residential), Spring, 1975
- Principles of Appraisal II (commercial), Spring, 1976
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Appraisal Institute
(formerly AMERICAN INSTITUTE OF REAL ESTATE APPRAISERS)
- Single-Family Residential Appraisal, Course VIII, 1976
- Basic Appraisal Principles, Methods & Techniques, Class I-A, 1977 (Successful Challenge)
- Capitalization Theory & Techniques, Class I-B, 1979 (Successful Challenge)
- Litigation Valuation, February, 1980
- Case Studies in Real Estate Valuation, February 1984
- Valuation Analysis and Report Writing, March 1984 (Successful Challenge)
- Computer Assisted Investment Analysis, March, 1991
- Standards of Professional Practice, June, 1993
- Highest and Best Use and and Market Analysis, October, 1996
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Seminars - Appraisal Institute
(formerly AMERICAN INSTITUTE OF REAL ESTATE APPRAISERS)
- Litigation Valuation, June, 1986
- Writing Methods and Techniques, August, 1986
- Advanced Lotus 1 2 3, September, 1986
- Managing and Financing Independent Business, February, 1987
- How To Fill Out A Single Family Uniform Residential Appraisal Report, April, 1987
- Federal Home Loan Bank Board Appraisal Guidelines, Class R41C, August, 1987
- Standards of Professional Practice Update, October, 1987
- Business Valuation, parts 1 & 2, April, 1988
- Comprehensive Appraisal Workshop, July, 1988
- Reviewing Appraisals, June, 1989
- Professional Standards Training, March, 1990
- Valuation of Leased Fee Interests, April, 1990
- Our Changing Environment, June, 1990
- Appraiser's Guide to the Small Residential Income
- Property Appraisal Report, June, 1990
- Our Changing Environment, Protecting Michigan's Wetlands and Sand Dunes, June, 1990.
- Appraisers Guide to the Small Residential Income Property Appraisal Report, June, 1990
- Rates, Ratios and Reasonableness, October, 1990
- Appraiser's Legal Liabilities, May, 1994
- Easement Valuation, May, 1994
- Computer Training for Appraisers, July, 1994
- Maximizing The Value Of An Appraisal Practice, September, 1994
- How to Sell Hot Commercial Real Estate, February, 1995
- Litigation, Expert Witness, May 1996
- Environment, Hazardous Materials, May 1997
- Standards of Professional Practice, Part C, April 1998
- Valuation of Partial Interests (divided & undivided), June 2000
- Symposium, Environmental & Property Damages: Standards, Due Diligence, Valuation & Strategy April, 2002
- Eminent Domain Conference, Sponsored by CLE, September 2002
- Law of Easements, Sponsored by Lorman Education Services, June 2003
- Uniform Appraisal Standards for Federal Land Acquisitions, Sponsored by AI, October 2003
- National Uniform Standards of Professional Appraisal Practice, Sponsored by ASA, December 2003
- Reducing Real and Personal Property Tax, Sponsored by Lorman Education Services, July 2004
- Real Estate Finance, Value, & Investment Performance, Sponsored by AI, May 2005
- Analyzing Distressed Real Estate, Sponsored by AI, May 2005
- Subdivision Valuation, Sponsored by AI, December 2005
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PROFESSIONAL EXPERIENCE
- Entered Real Estate profession in 1968 as a salesperson
- Received Brokers License in 1970
- Worked in sales in Detroit until 1971
- Moved to Traverse City in 1971
- Worked for new home builder in sales until 1973
- Worked as a broker in general real estate sales office until 1975 (Started doing appraisal work at this time)
- Started working as an independent Fee Appraiser in 1975
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PROFESSIONAL AFFILIATIONS
- Traverse Area Association of Realtors
- Michigan Association of Realtors
- National Association of Realtors
- Traverse City Multiple Listing Service
- Appraisal Institute
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PARTIAL CLIENT LIST
- Michigan Department of Natural Resources
- Michigan Department of Transportation
- Federal Deposit Insurance Corporation
- Northwestern Savings Bank and Trust
- First of America Bank-Michigan
- Michigan National Bank
- Old Kent Bank
- NBD
- Empire National Bank
- Homequity/Homerica
- Employee Transfer Corporation
- City of Traverse City
- Traverse City Light & Power
- Merrill Lynch Relocation
- Great Lakes Bancorp
- Midwest Mortgage
- United States Department of Agriculture - Forestry Division
- United States Department of The Interior - National Park Service
- United States Coast Guard
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MAJOR APPRAISAL ASSIGNMENTS IN THE FOLLOWING LOCATIONS:
- Alpena
- Boyne City
- Cadillac
- Charlevoix
- Cheboygan
- Elk Rapids
- Gaylord
- Grand Rapids
- Grayling
- Kalamazoo
- Livonia
- Ludington
- Manistee
- Petoskey
- Rogers City
- Sault St. Marie
- Traverse City
Additional information on major appraisal assignments is available upon request.
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QUALIFIED AS EXPERT WITNESS
- Grand Traverse County Circuit Court
- Grand Traverse County District Court
- Michigan Tax Tribunal
- Leelanau County District Court
- United States Bankruptcy Court
- And other courts
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PROFESSIONAL DESIGNATIONS
- RM now SRA (Residential Member) Appraisal Institute since November 13, 1978 #1223
- MAI (Member, Appraisal Institute) Appraisal Institute since September 22, 1989 #8261
- State Certified Real Estate Appraiser (State of Michigan) #1201000638
The Appraisal Institute conducts a program of continuing education for its designated
members. MAIs and RMs who meet the minimum standards of this program are awarded periodic
educational certification.
I am currently certified under this program.
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THE APPRAISAL INSTITUTE
The Appraisal Institute, is the oldest organization of professional appraisers in the United States. The Appraisal Institute is the result of the 1990 merger of the American Institute of Real Estate Appraisers and the society of Real Estate Appraisers. It is the largest organization of Real Estate Appraisers.
Founded in 1932 the Appraisal Institute has, during its 59-year history, attained a national reputation for professional service to the public. Courts, government agencies, lending institutions, developers and real estate brokers have relied upon - and in many cases sought out - reports prepared by appraisers who hold the MAI or RM designation. With the merger the designations include the SRA which is equivalent to the RM.
The Appraisal Institute has an intensive program designed to test knowledge, experience and judgment in the field of real estate appraising, and membership in the Institute is awarded only to those who have demonstrated their ability to meet these stringent requirements. These standards demand that a member have years of practical appraisal experience, pass extensive written tests, and submit numerous appraisal reports demonstrating the ability to render competent service to clients. Moral character, ethical conduct and professional services are always subject to review by the Appraisal Institute.
Over the years The Appraisal Institute has been a pioneer in the field of continuing appraisal education. Its first case study course was presented in 1935. Today, the Institute offers a series of thirteen different intensive one and two week courses ranging from basic appraisal principles and techniques to more technical subjects. It is also a major publisher of appraisal textbooks, monographs and periodicals.
SRA - Member - is the designation earned by those specialists who have demonstrated competence in the appraisal of single family residences.
MAI - Member, Appraisal Institute - is a designation awarded to those who have proven their ability to appraise all types of real property.
All members must subscribe to the Institute's rigid Code of Ethics and Standards of Professional Conduct.
The Appraisal Institute conducts a program of continuing education for its designated members. MAIs and SRAs who meet the minimum standards of this program are awarded periodic educational certification.
I am currently certified.
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