About

About

QUALIFICATIONS OF APPRAISER

Paul R. Smith, MAI

Professional Memberships

Member of the Appraisal Institute, Certificate # 8454  (Since 1990)

State Certified General Real Estate Appraiser, Certificate # TX-1320460-G (Since 1991)

Licensed Real Estate Broker State of Texas, License # 261280  (Since 1980)

Real Estate Experience

Engaged exclusively in the valuation of real property in Houston/Galveston, Texas area and throughout the South Central United States since January 1981.  Has served as an independent fee appraiser and a staff appraiser with various national and local appraisal firms.  Since 1990, the owner of the appraisal and consulting firm, Paul Smith & Associates.  Testified as expert witness in real property in Federal District Court and as a real estate appraisal expert in various ad valorem tax appeal proceedings.  Testified as expert witness in various Eminent Domain proceedings in Galveston, Harris, and Brazoria Counties.

Has experience on most types of real estate including major office buildings, hotels, marinas, subdivisions, all classes of shopping centers, single and multifamily residential, residential and office condominiums, interval ownership resorts, medical clinics, warehouses, industrial buildings, banks, retail buildings, restaurants, special purpose properties, and others.

Has conducted appraisals for leased fee, leasehold, and sub-leasehold interests, condemnation proceedings including whole and partial acquisitions, feasibility analysis, market studies, demand analysis, and investment analysis.

Has prepared appraisal reports for banks, savings and loan associations, insurance companies, pension funds, mortgage companies, estates, attorneys, real estate development firms, governmental agencies, and individuals.

Education

Attended University of Houston

School of Hotel and Restaurant Management

Required and elective courses of the Appraisal Institute: including Standards of Professional Practice, Investment Analysis, Capitalization Theory & Techniques, Case Studies in Real Estate, Litigation Valuation, and Valuation Analysis and Report Writing.  Over 500 hours of specialized real estate appraisal courses.

Also completed CCIM Course 101 offered by the Realtors National Marketing Institute, and has attended numerous seminars on real estate appraisal, brokerage, and consulting.