About Us | Appraiser Qualifications
Stephen Bullock, MAI, MRICS entered the commercial appraisal and consulting business in 1987 as an Associate Appraiser with Real Estate Research Corporation (RERC), then the largest commercial real estate appraisal firm in the country. He holds the MAI designation from the Appraisal Institute (MAI #9823), the MRA designation from the Massachusetts Board of Real Estate Appraisers and the MRICS qualification and Chartered Valuation Surveyor specialism from the Royal Institution of Chartered Surveyors (RICS). He is Chair of the New England Chapter of RICS.
Stephen Bullock has held Certified General Appraiser licenses since the inception of state licensing, is in compliance with all continuing education requirements, and currently licensed in Massachusetts, New Hampshire, Rhode Island and Connecticut.
Prior to entering the commercial real estate sector Stephen Bullock worked as an accountant in Medford, Massachusetts. He was also employed as a business appraiser for a regional accounting firm in Upstate New York.
The Appraisal Institute is the largest association of professional real estate appraisers in the US. MAI designated members are qualified to appraise all types of commercial property and have met rigorous requirements relating to education, testing, experience, demonstration of knowledge, understanding and ability.
The Massachusetts Board of Real Estate Appraisers (MBREA) is the only state appraisal association that has been named a sponsor of the Appraisal Foundation. The MBREA awards the MRA designation to qualified real estate appraisers.
The Royal Institution of Chartered Surveyors (RICS) is the oldest and largest professional body for qualifications and standards in land, property and construction in the world. RICS has more than 160,000 members in 146 countries.
Stephen Bullock has published in blogs and The Appraisal Journal, a peer-reviewed academic and professional quarterly and the most frequently referenced periodical in appraisal literature.
Stephen Bullock, MAI, MRICS
Member: Appraisal Institute (MAI #9823)
Member: Royal Institution of Chartered Surveyors (MRICS #1274021)
Chair: New England Chapter, Royal Institution of Chartered Surveyors
Chartered Valuation Surveyor, Royal Institution of Chartered Surveyors
Member: Massachusetts Board of Real Estate Appraisers (MRA designation)
Certified General Appraiser Licenses: Massachusetts, New Hampshire & Rhode Island
Member: National Association of Realtors
Affiliate Member: New Hampshire Commercial / Investment Board of Realtors
Licensed Real Estate Broker, Rhode Island (expired)
Member: Northern New England Real Estate Network / New England Commercial Property Exchange
Publication: "Appraising Low Investment Grade Apartments, The Appraisal Journal, 1996
Expert witness testimony in numerous property tax appeal cases
Education
M.S. in Real Estate, Georgia State University
Beta Gamma Sigma (National Graduate Business School Honor Society)
B.S. in Business Administration, University of Lowell (now University of Massachusetts/Lowell)
Post-Graduate Real Estate Courses - University of Texas and Georgia State University:
Real Estate Analysis
Management of Real Estate Assets
Real Property Law
Administration/Management of Construction
Applied Real Estate Market Research
Site Planning & Project Development
Advanced Real Estate Finance
Advanced Real Estate Investment Analysis
Directed Readings: Case Studies
Directed Readings: Land Use Regulations
Directed Readings: International Real Estate
Professional Courses & Seminars - Appraisal Institute / AIREA:
Real Estate Appraisal Principles
Basic Valuation Procedures
Capitalization Theory and Techniques, Part A
Capitalization Theory and Techniques, Part B
Case Studies in Real Estate Valuation
Report Writing and Valuation Analysis
Standards of Professional Practice, Parts A, B, and C
Uniform Standards of Professional Appraisal Practice (every 2 years)
Business Practices and Ethics (every 5 years)
Condemnation Appraising: Basic Principles & Applications
Valuation of Detrimental Conditions in Real Estate
Federal/State Laws and Regulations
Effective Appraisal Writing
Internet Search Strategies for the Real Estate Appraiser
Regional Analysis
Analyzing Distressed Real Estate
Real Estate Finance, Statistics and Valuation Modeling
Appraising from Blueprints and Specifications
Appraisal of Nursing Facilities
Commercial Construction Evaluation
Real Estate Appraisal Operations
Financial Reform Legislation: Appraisal and Real Estate Impact
The Appraiser and the Site To Do Business
Strategies for Successfully Appealing a Real Estate Tax Assessment
A Debate on the Allocation of Hotel Total Assets
REIS & GIPS: Investment Firm and Institutional Investor Initiatives & Perspectives on Real Estate Valuation
New Technology for Narrative Appraisal Seminar
Understanding and Using Investor Surveys Effectively
General Appraisal Curriculum Overview
Professional Courses & Seminars - Other Organizations
Appraisal of Land (International Association of Assessing Officers)
Affordable Housing Disposition Program (Resolution Trust Corporation)
Easement Valuation (International Right-of-Way Association)
Red Book Update / RICS Valuation Guidelines (Royal Institution of Chartered Surveyors)
Several courses and seminars on real estate practice, sales and brokerage
Several hundred hours of continuing education coursework to maintain professional designations, appraisal licenses and now expired brokerage license