PROFESSIONAL EXPERIENCE Mr. Marks has been in the appraisal profession since 1976 (39 years), in the State of Minnesota. He currently is the owner of Universal Appraisal and Review, LLC. Prior to 2015, he owned a full service appraisal company, Universal Valuation Services, Inc. for 28 years, providing residential, agricultural and commercial appraisals and reviews for his clients.
He has testified in Minnesota tax court, district court and commissioner hearings as an expert witness. He has also prepared appraisal reports for litigation in the states of Texas, Iowa and Nebraska in addition to Minnesota. Additional experience was gained while employed with Patchin Appraisals and Marshall and Stevens as a commercial appraiser. During this period (1978 -1982) he appraised commercial real estate in 26 of the 48 continental United States and in Canada.
He has also been employed as an appraiser/assessor in the City of Plymouth and for Scott County, Minnesota. He holds the MAI designation from the Appraisal Institute and a CMA license for the State of Minnesota Assessors. He has also held board positions with the local Northstar Chapter of the Appraisal Institute and Appraisal Data Network (ADN).
PURPOSES OF APPRAISALS The appraisals completed have been used for: financing; insurable replacement cost analysis; rental surveys; income tax disputes; estate valuations; condemnation- eminent domain, right-of-way acquisition; ad valorem tax disputes; going concern asset distribution; feasibility analysis; mergers and acquisitions; tax syndication; minority interest allocations; and alternate use studies.
EDUCATION He received a bachelor of Science Degree in Journalism from Northern Illinois University in 1972 and his MAI designation in 1985. He is current with State of Minnesota and Appraisal Institute requirements for appraiser education requirements. Some of the seminars and courses taken include: Income Tax and Real Estate; Feasiblity; Going Concern Valuation; Real Estate Law; The Appraiser as Expert Witness; Case Studies in Limited Partnership & Common Tenancy Valuation, and Appraising Troubled Properties; Review Theory-General.
PROFESSIONAL LICENSES: State of Minnesota Certified General Real Property Appraiser: License No.4001125