spacer
Appraisal Division
spacer
History
spacer
Our Services
spacer
Appraisal
spacer
Expert Witness Testimony
spacer
Independence
spacer
Memberships
spacer
Professional Education and Qualifications
spacer
Brokerage and Auction Division
spacer
Vannatta Brothers Home
spacer
 
Professional Experience: Richard M. Vannatta has been in the real estate business for thirty-three years and the appraisal business for thirty-two years. He started his professional career in 1970 as a licensed real estate sales agent. Early in his career, his interests turned more to investment property, apartments, land, and site development aspects of the real estate business. He began working for a broker that dealt mostly with these types of investors. After several years, he earned his broker’s license and shortly thereafter opened his own brokerage and appraisal company. For eight years, he was involved with numerous apartment rehabilitations as well as new construction of apartment, commercial and small warehousing projects. By mid-1978, he began to increase his commercial auction, fixtures, equipment, and appraisal business. From 1980 to 1990, he traveled extensively throughout the midwest appraising many types of machinery, equipment, fixtures, inventories, and leasehold interest as well as conducting up to 150 auctions per year. By mid-1990, he began to limit the scope of his work in order to concentrate on real estate activities in central Ohio. Since that time, he has focused his professional interest on the appraisal of real estate, machinery, equipment, and small businesses, and has limited his real estate auction and brokerage practice to a small list of clients while maintaining a presence in land speculation with a limited number of investors. His activities in sales, acquisitions and land development has benefited him as an appraiser keeping better informed of buyers and sellers perceptions of market conditions, trends, desires, preferences, and attitudes. Mr. Vannatta devotes 90% of his time to some type of appraisal activity. The nucleus of his appraisal practice is related to various judicial or problem solving issues primarily in the areas of dispute resolution such as bankruptcy, divorce, probate, end-lease negotiations, various tax and appropriation/condemnation matters.

Professional Memberships: Mr. Vannatta is a Member of the Columbus Board of Realtors, Ohio Association of Realtors, the National Association of Realtors, and their Appraisal Section. He is also a member of the National Auctioneers Association. He is an accredited Senior Member of the International Right of Way Association and the American Society of Appraisers.

Mr. Vannatta is an active participant in the appraisal community. He is a past Treasurer and Vice President of his ASA Chapter and served two terms as its President. He is a member of the Professional Development Committee of his local chapter of the IRWA and has served as its Vice President and currently serves as its President. He served on a DACUM Panel to design a two-year Real Estate Appraisal, Associate Degree Program at the Center on Education and Training for Employment at the College of Education The Ohio State University. He now serves on the programs advisory committee and is an adjunct instructor at Columbus State Community College where the appraisal program is being taught.

The State of Ohio conducts a voluntary program of continuing education for its certificate holders. Certificate holders who meet the minimum standards of this program are issued a certificate of continuation each year. As of this date, Mr. Vannatta has completed the requirements under the continuing education program of the Ohio Department of Commerce, Division of Real Estate. In addition, he has completed the requirements under the continuing education programs of The International Right of Way Association, and the American Society of Appraisers.

Professional Education and Designations
ASA Accreditation: To qualify for the Accredited Senior Appraiser designation (ASA), an individual must have a minimum of 5 years of full-time equivalent appraisal experience and a college degree or its equivalent. To receive the accreditation, the appraiser must pass intensive written examinations, submit representative appraisal reports for peer review and be screened for his or her ethical behavior. Every accredited appraiser must start his or her ASA membership as a Candidate member. Subsequently, each Candidate must pass ASA's Ethics examination and an examination on the Uniform Standards of Professional Appraisal Practice (USPAP) within a specified period.

Course work completed from the American Society of Appraisers:
RP: 205 Urban Case Studies – Part II
RP: 204 Urban Case Studies - Part I
RP: 203 Advanced Income Capitalization
RP: 202 Introduction To Income Capitalization
RP: 201 Appraisal Theory, Principals &Concepts
(ASA) Senior Designation
Accredited Senior Appraiser
Real Property Urban
 
ME: 204 Machinery and Equipment Valuation
ME: 203 Machinery and Equipment Valuation
ME: 202 Machinery and Equipment Valuation
ME: 201 Machinery and Equipment Valuation
ALL: 215 Report Writing
SE: 100 Uniform Standards of Professional Appraisal Practice
Ethics: Professional Appraisal Ethics
(ASA) Senior Designation
Accredited Senior Appraiser
Machinery & Technical Specialties
(MTS)

The SR/WA Designation - Senior Member, International Right of Way Association, is the professional designation granted by IRWA to members who have achieved professional status through experience, education and examination. The SR/WA designation requires training and examination in several major right-of-way disciplines. The SR/WA designation states, “Mr. Vannatta has more than five years of right-of-way experience, and he has had formal training in a wide variety of right-of-way areas”. The SR/WA professional may be a specialist in one area such as acquisition, relocation, appraisal or law, but also must be familiar with the other disciplines associated with the right-of-way profession. The SR/WA designation is the only designation reflecting evidence of professional attainment in the right-of-way field.

The IRWA Certification Program: The purposes of IRWA Certification Program are: 1) to further the effectiveness of the services rendered to the public by the right-of-way profession; and, 2) to achieve the aims and purposes of the Association by providing a means for recognizing those right-of-way practitioners who have attained unquestioned professional status in a single discipline.

Course work completed from the International Right of Way Association:
100 Principles of Land Acquisition
101 Principles of Real Estate Acquisition Part 1
101 Principles of Real Estate Acquisition Part 2
103 Ethics
201 Communication in Real Estate Acquisition
214 Skills of Expert Testimony
215 Pipeline Right-of-Way Agent’s Development Program
401 Appraisal of Partial Acquisitions
402 Introduction to the Income Approach To Valuation
403 Easement Valuation
802 Legal Aspects of Easements
901 Engineering Plan Development & Application
H005 Reviewing Appraisals in Eminent Domain
    (SR/WA) Designation #4603
(R/W-AC) Appraisal Certification

Criteria for the General Accredited Appraiser designations (GAA) include Realtor or Institute Affiliate membership in the National Association of Realtors. Applicant must hold a State Certified General Real Estate Appraiser Certificate showing a minimum of 1,000 hours of appraisal experience in addition to the experience required to obtain state certification. Additionally, the applicant must have 60 hours of tested appraisal coursework above the minimum Appraiser Qualification Board's education requirement at the time of certification.

Course work completed from the National Association of Realtors Appraisal Section:
Appraisal Report Writing Seminar and Workshop
V: Appraisal Standards, Ethics and USPAP
IV: Cost and Income / Valuation of Partial Interest
III: Sales Comparison Approach
II: Real estate Analysis
I: The Basics of Appraisal
 

Course work completed from the Appraisal Institute:
Condemnation Appraising: Course # 720
Condemnation Appraising: Course # 710
Litigation Appraising: Specialized Topics and Applications
Principles of Income Property Appraising
An Introduction to Appraising Real Property
 

The GRI Designation: The Ohio REALTOR Institute (GRI) program is designed to enhance the candidate’s knowledge of real estate marketing and teach the skills needed in today’s completive market place. It sets (GRI) members apart from their competition. Experienced real estate practitioners teach proven techniques for attracting new listings, generating sales, working within the law and enhancing professional image. The program consists of three courses, 30-hours each. The Graduate Realtor Institute (GRI) Designation, is one of the most respected and prestigious professional designations.

Course work completed from the Ohio Association of Realtors:
Real Estate Sales and Marketing Courses (GRI) Designation
Graduate, Realtor Institute

The Certified Auctioneers Institute (CAI) Designation: The (CAI) designation is awarded by the Auction Marketing Institute whose main function is to provide educational and designation programs for the auction industry. The Certified Auctioneers Institute (CAI) designation was designed for decision makers in an auction firm and focuses on the operation of the auction firm. Designed to enhance the member’s knowledge of auction marketing and management. The program focus is on skills needed in today’s competitive market place and encompasses legal aspects of the auction profession, appraisal of real and personal property, economics, accounting and bankruptcy law. The program spans a two-year period and (totals 92 Hours of tested coursework) it is offered annually at Indiana University in Bloomington Indiana. The (CAI) Designation is one of the most respected and prestigious professional designations in the auction industry.

Course work from the Auction Marketing Institute:
1 Legal, Appraisal, Real Estate at Auction
11 Marketing, Economics, Raw Land Development
111 Ethics, Bankruptcy Law, Equipment Auctions
Accredited Auctioneer of Real Estate Course Titles:
102 Marketing Real Estate Auctions
201 Finance and Cash Flow Evaluation
202 Advanced Auction Marketing
(CAI) Designation
Certified Auctioneers Institute

Completed Courses from the Ohio Department of Transportation:
Highway Plan Reading  

Course work completed from the Appraisers Qualifications Board of The Appraisal Foundation:
AQB Certified USPAP Instructors Course

Recent National Seminars and Conventions:
2004, 2003 and 2002 International Right of Way Association, International Education Conference
2002 ASA, International Appraisal Conference
2001 National Uniform Act Symposium
Valuation 2000 ASA, International Appraisal Conference





  For more information contact Vannatta Brothers
Tel: 614-621-3100
Email: Richard M. Vannatta
Email: Ida Vannatta
  © Vannatta Brothers,. All Rights Reserved.