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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
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.
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:
Course work completed from the Appraisal Institute:
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.
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.
Completed Courses from the Ohio Department of Transportation:
Course work completed from the Appraisers Qualifications Board of The Appraisal Foundation: |
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For more information contact Vannatta Brothers Tel: 614-621-3100 Email: Richard M. Vannatta Email: Ida Vannatta |
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