Qualifications of Lee Ovington, MAI, SRA
Lee Ovington, MAI, SRA is a Member of the Appraisal Institute and a Certified General Appraiser in the State of Illinois. Certified General is the highest certification legally possible in the State of Illinois and allows the appraiser to perform valuations of all types of property.
PROFESSIONAL EXPERIENCE
Real Estate Appraiser - 1986 to Present.
Real Estate Broker - 1986 to Present.
President of Ovington Appraisal Services
Designated Managing Broker of Realty Professionals, Inc.
EDUCATION
1986 - Bachelor of Science in Finance, Minor in Real Estate
Northern Illinois University, DeKalb, IL
CONTINUING EDUCATION
2023 - Environmental Hazards Impact on Value, American CE Institute
2022 - Historic Preservation Easements, Appraisal Institute
2021 - Assessment Appeals, Appraisal Institute
2019 - Rural Valuation, Appraisal Institute
2018 - Fundamentals of Separating Intangible Value, Appraisal Institute
2017 - Appraising Conservation Easements, Appraisal Institute
2016 - Business Practice and Ethics, Appraisal Institute
2015 - Collateral Underwriter, Appraisal Institute
2015 - Chicago Real Estate Market Conditions, Appraisal Institute
2013 - Insurance Replacement Valuation, Appraisal Institute
2012 - FHA and the Appraisal Process, Appraisal Institute
2011 - Multifamily Acquisition Pricing, Appraisal Institute
2011 - Analyzing Tenant Credit Risk, Appraisal Institute
2009 - Appraising the Tough Ones, Appraisal Institute
2009 - Subdivision Analysis, Appraisal Institute
2008 - Business Practices and Ethics, Appraisal Institute
2007 - Report Writing 540, Appraisal Institute
2007 - Eminent Domain and Condemnation, Appraisal Institute
2007 - Advanced Applications 550, Appraisal Institute
2006 - Adv. Cost and Sales Approaches 530, Appraisal Institute
2006 - Highest and Best Use 520, Appraisal Institute
2005 - Rates, Ratios, and DCF, Appraisal Institute
2003 - USPAP 400, Appraisal Institute
2001 - Advanced Income Capitalization 510, Appraisal Institute
1999 - USPAP 430, Appraisal Institute
1997 - General Application 320, Appraisal Institute
1997 - Basic Income Capitalization 310, Appraisal Institute
1997 - Residential Income Capitalization, Appraisal Institute
1997 - Income Capitalization 2.2, N.A.I.F.A.
1997 - Income Property Appraising 2.1, N.A.I.F.A.
1993 - Appraisal Procedures, Appraisal Institute.
1990 - Standards of Professional Practice, Appraisal Institute.
1989 - Residential Valuation, Appraisal Institute.
1989 - Real Estate Appraisal Principles, Appraisal Institute.
1989 - Home Construction, Society of Real Estate Appraisers.
MEMBERSHIPS / AFFILIATIONS
Member of the Appraisal Institute
Member of the National Association of Realtors.
Member of the Fox Valley Association of Realtors.
Member of the Illinois Coalition of Appraisal Professionals
PROFESSIONAL DESIGNATIONS, LICENSES, AND CREDENTIALS
MAI & SRA Designations - Appraisal Institute.
HUD Approved FHA Appraiser.
Illinois Department of Transportation (IDOT) Approved Appraiser.
Certified General Real Estate Appraiser, Illinois #553-001203.
Real Estate Broker, Illinois, #075-091261.
Qualified Expert Witness – Illinois 16th Judicial Circuit.
PARTIAL LIST OF REAL ESTATE APPRAISED
- Ad Valorem Tax Appeal
- Agricultural Use
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Aircraft Hanger
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Apartment Complex
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Auto Parts Store
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Auto Repair Center
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Automobile Storage Facility
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Bank
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Banquet Hall
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Bar and Grill
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Brewery/Restaurant
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Billboard
Cell Tower
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Church
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Community Shopping Center
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Condemnation Appraisal
Contaminated Property Valuation
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Conservation Easement
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Convenience Store
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Dental Office
Development Land
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Diner
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Distribution Warehouse
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Doctor's Office
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Eminent Domain Appraisal
Equestrian Center
Farmland
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Fast-food Restaurant
Fractional Interest
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Gasoline Service Station
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Gas Station and Mini-Mart
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Health Spa
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Heavy Manufacturing
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Historic Preservation Easement
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Ice Cream Stand
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Industrial Condominium
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Indoor Flea Market
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Lakefront Vacation Property
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Lakefront Lots
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Light Industrial
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Liquor Store
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Lodge
Luxury Single Family
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Meat Packing Plant
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Medical Office Building
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Mini-warehouse
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Mixed-Use Building
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Mobile Homes
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Mobile Home Park
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Motel
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Neighborhood Shopping Center
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Night Club
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Nursery
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Office Building
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Office Condominium Complex
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Public Park
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Partial Taking Valuation
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Partial Interest Valuation
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Quonset Building
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Restaurant
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Residential Subdivision
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Retail Store
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Retail Condominium
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Self-Service Car Wash
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Self Storage Facility
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Shopping Center
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Single Room Occupancy Hotel
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Storage Garage
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Storage Warehouse
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Tavern
Used Car Dealership
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Veterinary Hospital
Wetlands
Warehouse
Winery