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Timothy L. Vergin, MAI Timothy L. Vergin, MAI is the Chief Financial Officer and owner of Diversified Real Estate Services, Inc. A resident of Minnesota his entire life, he brings to the position a strong background in real estate appraising, consulting and brokerage. Member of the Appraisal Institute with an MAI designation Active Metro Chapter Member Timothy L. Vergin is currently certified under the Appraisal Institute program of continuing education for the designated members. EDUCATION Bachelor of Science Degree - Saint Cloud State University, St. Cloud, MN, Real Estate Major with emphasis in Appraisal. Topics of study included Real Estate Valuation, Property Management, Finance, Law, Development and Investment Analysis; Urban and Regional Planning, Historic Preservation Planning; Construction Technology and Environmental Impact Assessment. PROFESSIONAL REAL ESTATE APPRAISAL STUDIES Credit received for the following examinations of the American Institute of Real Estate Appraisers (Appraisal Institute): 1A-1 Real Estate Appraisal Principles 1A-2 Basic Valuation Procedures 1B-A/B Capitalization Theory & Technology Parts A & B 2-1 Case Studies in Real Estate Valuation SPP Standards of Professional Practice 2-2 Valuation Analysis & Report Writing MEMBER OF THE APPRAISAL INSTITUTE MAI Designation Number 9415 PROFESSIONAL MEMBERSHIPS Appraiser Minnesota Certified General Real Property Appraiser #4000533 Wisconsin Certified Federal General #416 Colorado Certified General #CG01326314
Broker
Licensed Real Estate Broker, State of Minnesota, ID #0691516 SCSU Real Estate Alumni Association: Member and Chairman of Scholarship Committee
ADN President of Appraiser Data Network (ADN) 2000 Board of Directors Member, 1998 to present. BUSINESS EXPERIENCE Diversified Real Estate Services, Inc., Appraiser/Analyst/Owner - Minneapolis, Minnesota, Partner since 1992. Have appraised all types of property including industrial properties, apartments, shopping centers, subdivisions, office buildings, condominiums, hotels, single-family residences and special purpose properties. Personal specialties include ad valorem taxation valuation and consulting, feasibility analysis, proposed developments, sale and lease transaction analysis, and cash flow analysis. Qualified as Expert Witness in Minnesota District Court, Tax Court and Federal Bankruptcy Court. Newcombe & Hansen Appraisals, Inc. Staff Appraiser - Minneapolis, Minnesota 1985 to 1992. REAL ESTATE BROKERAGE EXPERIENCE Diversified Acquisitions, Inc. Chief Executive Officer, 1996 to present. Diversified Realty, Inc. Chief Executive Officer and Broker, 1994-1996. Realty World - Vergin Realty, Inc. Broker and consultant 1984-1994. Member, Board of Directors, 1990 to 1999. |
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