|
[Up]
| |
.JPG)
Walt Humphrey, IFAC
State Certified General Appraiser RZ 1218
B.A. in Political
Science
Retired Pilot-Trans
World Airlines
Retired farmer
Real estate sales/
broker in Florida and Missouri
Appraising and
consulting since 1969
Expert witness in
federal and state circuit courts
Published articles
on Undivided Partial Interests
QUALIFICATIONS OF THE APPRAISER/CONSULTANT - WALTER H. HUMPHREY, IFAC
EDUCATION (* denotes specialized courses attended and examinations passed)
|
B.A. in Political Science, |
Park College, |
Parkville, MO, |
1960 |
|
|
Missouri Real Estate License Course
|
Johnson's School of Real Estate,
|
Parkville, MO |
1969 * |
|
|
Mortgage Equity Analysis Seminar |
Society of Real Estate Appraisers,
|
Kansas City, MO |
1971 |
|
|
License Courses, Fort Walton Beach FL |
Bob Jenkins Real Estate School, |
Sales - 1981/ Broker - |
1987 |
|
|
URAR Seminar |
AACA |
|
Orlando, FL, |
1987 |
|
Appr. of Vacant Land: Urban Fringe
Analysis Seminar |
AACA |
Orlando,FL |
1989 |
|
|
Farm Appraisal Seminar |
AACA |
Orlando, FL |
1989 |
|
|
FNMA Appraisal |
Okaloosa-Walton Community College
|
Fort Walton Beach, FL |
1989 |
|
|
Relocation Appraisal Seminar |
Employee Relocation Council |
San Antonio, TX |
1989 |
|
|
Residential Valuation (8-2) |
AIREA |
Orlando, FL |
1989* |
|
|
Capitalization Theory & Technique Part A
(1B-A) |
Appraisal Institute |
Athens, GA |
1991* |
|
|
Capitalization Theory & Technique Part B
(1B-B) |
Appraisal Institute |
Athens, GA |
1991* |
|
|
Standards of Professional Practice Part A
(SPPA) |
Appraisal Institute |
Birmingham, AL |
1991* |
|
|
Standards of Professional Practice Part B
(SPPB) |
Appraisal Institute |
Birmingham, AL |
1991* |
|
|
Case Studies in Real Estate Valuation
(2-1) |
Appraisal Institute |
Tallahassee, FL |
1991* |
|
|
Report Writing & Valuation Analysis (2-2)
|
Appraisal Institute |
Tallahassee, FL |
1991* |
|
|
Litigation Valuation Seminar |
Appraisal Institute |
Sandestin, FL |
1991 |
|
|
Appraisal Law/Uniform Standards
|
R. E. Education Specialists |
Fort Walton Beach, FL |
1992 |
|
|
Advanced Rural Case Studies (E-3) |
Appraisal Institute and ASFMRA
|
Denver, CO |
1993* |
|
|
Rates, Ratios, and Reasonableness Seminar
|
Appraisal Institute |
Panama City, FL |
1993 |
|
|
Accrued Depreciation Seminar |
Appraisal Institute |
Sandestin, FL |
1994 |
|
|
Florida Dept. of Transportation Appraisal
Seminar |
Appraisal Institute |
Sandestin, FL |
1994 |
|
|
USPAP Update Core Law Seminar |
Andrew McGarry & Associates |
Seascape, FL |
1994 |
|
|
Understanding Ltd. App. & App. Rep.
Options - Gen’l |
Appraisal Institute |
Birmingham, AL |
1994 |
|
|
Appraisal Review - Residential
|
Appraisal Institute |
Seascape, FL |
1994 |
|
|
Challenged/Passed - Appraisal Principles
(110) |
Appraisal Institute |
Pensacola, FL |
1994 |
|
|
Challenged/Passed - Appraisal Procedures
(120) |
Appraisal Institute |
Pensacola, FL |
1994 |
|
|
Appraisal of Retail Properties Seminar
|
Appraisal Institute |
Sandestin, FL |
1995 |
|
|
FEMA/Hurricane Evaluation Seminar
|
Appraisal Institute |
Panama City Beach, FL |
1995 |
|
|
USPAP Update Core Law Seminar |
Appraisal Institute |
Sandestin, FL |
1996 |
|
|
Highest and Best Use Applications
|
Appraisal Institute |
Gulfport, MS |
1996 |
|
|
Environmental Risk and the R. E. Appraisal
Process |
Appraisal Institute |
Panama City Beach, FL |
1996 |
|
|
Fractional Interest Seminar |
ASFMRA, |
Lafayette, IN |
1997 |
|
|
Eminent Domain |
ASFMRA, |
Colorado Springs, CO |
1997* |
|
|
Standards of Professional Practice - Part
C |
Appraisal Institute |
Pensacola Beach, FL |
1998* |
|
|
Litigation Valuation Overview
|
Appraisal Institute |
San Antonio, TX |
1998 |
|
|
USPAP Update Core Law Seminar
|
Appraisal Institute |
Panama City Beach, F |
1998 |
|
|
Regression Analysis in Appraisal Practice
|
Appraisal Institute |
Nashville, TN |
1999 |
|
|
Appraisal of Nonconforming Uses - General
|
Appraisal Institute |
Orlando, FL |
1999 |
|
|
Case Studies in Commercial Highest and
Best Use |
Appraisal Institute |
Orlando, FL |
1999 |
|
|
Business Enterprise Valuation
|
Appraisal Institute |
Orlando, FL |
1999 |
|
|
Internet Search Strategies |
Appraisal Institute |
Biloxi, MS |
1999 |
|
|
The Good, The Bad, The Board |
Appraisal Institute |
Panama City Beach, FL |
1999 |
|
|
Partial Interest Valuation - Divided
|
Appraisal Institute |
Tallahassee, FL |
2000 |
|
|
Partial Interest Valuation - Undivided |
Appraisal Institute |
Tallahassee, FL |
2000 |
|
|
Recent Developments in Federal Tax
Valuation |
Valuation 2000 |
Las Vegas, NV |
2000 |
|
|
The “Roadmap System” Cap. Theory and
Techniques |
Valuation 2000 |
Las Vegas, NV |
2000 |
|
|
The Deal (Business Valuation Negotiations) |
Valuation 2000 |
Las Vegas, NV |
2000 |
|
|
Business Valuation Case Law Update |
Valuation 2000 |
Las Vegas, NV |
2000 |
|
|
Florida State Law and USPAP Review |
Joe R. Price |
Tallahassee, FL |
2000 |
|
|
State of the Profession |
Appraisal Institute |
Sandestin, FL |
2001 |
|
|
Conservation Easements |
ASFMRA and Appraisal Institute
|
Tallahassee, FL |
2001 |
|
|
Standards of Professional Practice, Part C
|
Appraisal Institute |
Pensacola, FL |
2002* |
|
|
Appraisers and the Gramm-Leach-Bliley Act |
Appraisal Institute |
Tallahassee, FL |
2002 |
|
|
Florida State Law and USPAP Review |
Joe R. Price |
Tallahassee, FL |
2002 |
|
|
Mark to Market |
Appraisal Institute |
Tallahassee, FL |
2003 |
|
|
Appraisal Consulting |
Appraisal Institute |
Tallahassee, FL |
2003 |
|
|
Effective Appraisal Writing |
Appraisal Institute |
Pensacola, FL |
2003 |
|
|
Florida State Law for Real Estate
Appraisers |
Appraisal Institute - Region X |
Tallahassee, FL |
2003 |
|
|
National USPAP Course - 7 hour Update |
Appraisal Institute |
Tallahassee, FL |
2003 |
|
|
Do the Due Diligence |
National PLAM Conference |
Amelia Island, FL |
2003 |
|
|
Negotiations |
National PLAM Conference |
Amelia Island, FL |
2003 |
|
|
Preserving Fam. Lands: Tax Planning -
Landowner |
National PLAM Conference |
Amelia Island, FL |
2003 |
|
EXPERIENCE 1969-1977 Broker, Appraiser, and Instructor, Johnson and Associates, Parkville, Missouri
1982-1990 Salesman, Broker and Appraiser, Howton Realtors, Fort Walton Beach, Florida
1990-1998 Appraiser, Appraisal House, Inc., Fort Walton Beach, Florida
1998-2001 Appraiser, Humphrey and Smith, L.C., Fort Walton Beach, Florida
2001- Appraiser, Humphrey and Associates, Inc., Fort Walton Beach, Florida
EXPERIENCE:
|
1969-1977 Broker, Appraiser,
and Instructor, Johnson and Associates, Parkville, Missouri |
|
1982-1990
Salesman, Broker and Appraiser, Howton Realtors, Fort
Walton Beach, Florida |
|
1990-1998
Appraiser, Appraisal House, Inc.,
Fort Walton Beach, Florida |
|
1998-2001 Appraiser,
Humphrey and Smith, L.C.,
Fort Walton Beach, Florida |
|
2001- Present Appraiser, Humphrey
and Associates, Inc.,
Fort Walton Beach, Florida |
|
|
MEMBERSHIPS National Association of Independent Fee Appraisers (NAIFA)
PROFESSIONAL
AFFILIATION IFAC Appraiser/Counselor designated member of the NAIFA; Formerly: CA-C (Certified Appraiser-Consultant designation), and CA-S (Certified Appraiser-Senior designation) American Association of Certified Appraisers prior to merger with NAIFA in 1998
OTHER AFFILIATION Candidate and Associate - Appraisal Institute - File _ M90-1104
|
WRITINGS
Co-authored “Unsyndicated Partial Interest Discounting,” The
Appraisal Journal, July 1997, published by the Appraisal Institute.
The article reviews the USPAP pertaining to partial interest valuations
and presents market data analyses. It offers a formula with explanation
of the variables for identifying and analyzing the factors affecting
discounts or premiums of unsyndicated partial interests in relation to
their pro rata share of value. |
|
|
|
Authored “Unsyndicated Partial Interest
Appraisals: Before and After the Analyses”, a paper presented at the
National Summer Conference of the Appraisal Institute in San Antonio,
Texas in June 1998. |
|
|
|
Authored “Unsyndicated Partial Interest
Appraisals”, an edited version of the above paper published in the Third
Quarter 1998 issue of the Appraisal Institute’s Valuation Insights &
Perspectives. |
|
|
|
Authored “Tenancy in Common: A Real Estate
Appraiser’s Viewpoint,” January-February 2001 issue of Valuation
Strategies by RIA in New York. The article offers information and
insights for attorneys and accountants concerned with the valuation of
tenancy in common type undivided partial interests. |
|
|
|
Co-authored “Peace Treaties for Tenants in
Common” with Attorney Raymond F. Newman, Jr., July/August 2001 issue of
Valuation Strategies by RIA in New York. The article offers
insights for drafting agreements for tenancies in common and focuses on
minimizing the factors resulting in market discounts. |
|
|
|
Authored “Ten Questions For Starting On
The Right Foot,” January-February 2004 issue of Valuation Strategies
by RIA in New York. The article presents ten critical issues to be
resolved by attorneys and accountants prior to ordering a real estate
appraisal. |
|
|
|
Authored “Nonconforming Uses,” July August
2005 issue of Valuation Strategies by RIA in New York. The
article presents problems associated with nonconforming uses,
particularly involving damages and repair. |
|
|
|
OTHER
Qualified as Expert Witness in Okaloosa, Walton, Escambia, and Santa
Rosa Counties, Florida, and Platte County, Missouri Circuit Courts, and
the Federal District Court in Pensacola as an expert witness.
Participated in court ordered mediation. Special Expertise:
Valuation/Discounting of Undivided Partial Interests via Sales
Comparison Analysis. Valuation 2000 Seminar Presenter: “Partial
Interests: Theory and Case Law.” |
|
|
|
Former Member, Issues Resource Panel,
Appraisal Standards Board of The Appraisal Foundation, Wash., D.C. |
walthumphrey@humphrey-and-associates.com
|
