QUALIFICATIONS OF W. WEST FOSTER
Education
M.S. Degree in Regional Economics, Colorado State University.
B.S. Degree in General Business, Colorado State University.
All of the basic courses required for the MAI designation given by the American Institute of Real Estate Appraisers; Course III (Rural Properties); Course IV (Litigation Valuation); Course VI (Real Estate Investment Analysis); Course VII (Industrial Valuation); Course 520 (Highest and Best Use and Market Analysis); Course 550 (Advanced Applications); all Litigation courses offered in the Professional Development Program, and Review Theory - General. This partial list of courses was all given by the Appraisal Institute or its predecessor organizations.
Principles of Real Estate Engineering, The Appraisal of Partial Acquisitions, and several relocation courses, given by the International Right of Way Association.
Advanced Ranch Appraisal, by the American Society of Farm Managers and Rural Appraisers.
Seminars: Computer-Enhanced Cash Flow Modeling, Subdivision Appraisal, Uniform Appraisal Standards for Federal Land Acquisitions, plus numerous real estate seminars given by the American Institute of Real Estate Appraisers and later by the Appraisal Institute.
Memberships and Designations
Appraisal Institute: Designated Member (MAI and AI-GRS)
1982 to 1986 - National Division of Curriculum
1986 to 1987 - National committee to write The Appraisal of Real Estate, 9th Edition
1987 to 1991 - Board of Examiners, General Demonstration Appraisal Reports
1987 to 1994 - Regional Member, Review and Counseling Division
1991 to 1994 - Regional Representative, Region II
1992 to 2013 - Contributor to The Appraisal of Real Estate, 10th through 14th Editions
1995 - National Vice Chair, Review and Counseling Division
1995 - Vice Chair, Region II and National Board of Directors
1996 to 1997 - Chair, Region II and National Board of Directors
1996 - National Chair, Ethics Administration Division
1997 to 2008 - National Chair, Professional Ethics and Counseling Committee
2017 - Contributor to Rural Property Valuation by the Appraisal Institute
American Society of Real Estate Counselors: Counselor of Real Estate (CRE)
1994 - Vice Chair, Colorado Chapter
1995 - Chair, Colorado Chapter
International Right of Way Association: Senior Right of Way Professional (SR/WA)
Northern Colorado Commercial Association of Realtors
Certified General Real Estate Appraiser: State of Colorado, #CG00001795
Professional Experience
Foster Valuation Company: Fee Appraiser, April 1981 to present, specializing in valuation and counseling with respect to a variety of nonresidential properties
Robert J. Mitchell, MAI, & Associates: Fee Appraiser, March 1976 to March 1981, specializing in rural and income property valuation
Qualified in District and Federal Courts as an Expert Valuation Witness
1250 49th Ave, Greeley, Colorado 80634
Phone: (970-352-1117) Email: west@fosterval.com
