QUALIFICATIONS OF JOSEPH C. MAGDZIARZ, MAI, SRA
Professional Valuation Advisors, Inc. 435 North Mulford Road, Unit 12, Rockford, IL 61107
Tel 815-397-9114 Fax 397-9406 E-mail joemags@appraisalresearchinc.com
Professional Valuation Advisors, Inc. is organized to perform comprehensive valuation,
consulting, appraisals, market analysis and litigation support,
EXPERIENCE:
Since 1970, Joseph C. Magdziarz has been actively engaged in real estate analysis,
valuation, counseling, appraisal and appraisal education. Scope of experience covers all phases
of real estate valuation and analysis as well as varied experience in areas of real property
development, construction financing, management and sales. Valuation studies include most
major type of mid-west properties, with special emphasis in commercial and industrial
properties; multifamily residential; residential and mixed product subdivisions; agricultural
properties; offices; medical facilities, and special purpose properties. Appraisal services include
market analysis and highest and best use studies, fractional interest studies, and analytical
reports on the aforementioned assignments to serve clients in matters of buy and sell
decisions, eminent domain, mortgage underwriting, dissolution of marital assets, zoning issues
and investment analysis. Clients served include many national, state and local governmental
agencies; park and school districts; banks and savings and loan associations; insurance
companies; major corporations; courts of law; attorneys and individuals.
VALUATION, CONSULTING, APPRAISAL, MARKET ANALYSIS AND LITIGATION SUPPORT
EXPERIENCE:
Before the formation of Professional Valuation Advisors, Inc. on January 1, 2013, Mr.
Magdziarz was the owner and president of Appraisal Research Inc. in Rockford, Illinois.
PROFESSIONAL MEMBERSHIPS:
MAI and SRA designated member of the Appraisal Institute and the 2011 National President of
the Appraisal Institute. Joseph served on the Appraisal Institute National Board of Directors
from 1996 to 2001. Joseph also served on the National Audit Committee, the Appraisal
Institute Instructor Subcommittee and he was Chair of Educational Programs and also served on
the Publications Committee. Joseph served as Chair of the National Education Committee from
2005 to 2008. He also served two terms as Chair of Region III of the Appraisal Institute and as
the 2009 President of the Chicago Chapter of the Appraisal Institute, resigning upon election as
Vice President of the Appraisal Institute in 2009.
LICENSES
State
Illinois
Certification
General
Number
553.000126
Expiration Date
09/30/2015
Regional and National Committee’s:
National Board of Directors, 1996-2001
National Audit Committee, 1997-1998
Residential Education Committee, 1994, 1995
Education Committee, 1996-1998 and 2004 - 2008
Former Member Standards of Professional Practice Development Team
Region III Nominating Committee for four years
National Member & Chapter Services, Past Member
Chair Faculty Committee 1999-2000
Chair Educational Programs Committee 2004
Chair Educational Programs and Publications Committee 2004
Chair, Education Committee 2005 - 2008
OTHER AFFILIATIONS:
2015 President of Appraisers Liability Insurance Program, a wholly owned subsidiary of the Appraisal
Institute
EDUCATION:
Bachelor of Science, Finance Major, Rockford College, 1989
Associates Degree in Applied Sciences, Real Estate Major, Rock Valley College, 1973
APPRAISAL COURSES WITH PASSED EXAMINATIONS:
Society of Real Estate Appraisers:
Course 201, Income Property Appraising
Course 301, Special Applications of Real Estate Analysis
R-2 Exam, Residential
American Institute of Real Estate Appraisers and Appraisal Institute:
Course 1-A, Basic Principles
Course 6, Real Estate Investment Analysis
Standards of Professional Practice
Capitalization Theory and Techniques, Part A, Exam 1 BA
Capitalization Theory and Techniques, Part B, Exam 1 BB
Computer Assisted Investment Analysis, Exam 6
Case Studies in Real Estate Valuation, Exam 2-1
Report Writing and Valuation Analysis, Exam 2-2
Real Estate Appraisal Principles, Exam 1A1
Basic Valuation Procedures, Exam 1A2
Residential Valuation, Exam 8-2
Appraisal Institute Courses
General Applications, Exam 320
Standards of Professional Appraisal Practice Part A, Exam 410
Standards of Professional Appraisal Practice Part B, Exam 420
Advanced Income Capitalization, Exam 510
Highest and Best Use and Market Analysis Exam 520
Advanced Cost and Sales Comparison, Exam 530
Advanced Applications, Exam 550
Residential Income Capitalization, Exam 600
Appraiser as an Expert Witness, Exam 700
Computer-Enhanced Cash Flow Modeling, Exam 810
Finance and Statistical Modeling, Exam Passed
Fundamentals of Separating Real Property, Personal Property and Intangible Business Assets, Passed
Exam
CHAPTER ASSOCIATION
MAI and SRA member of the Chicago Chapter of the Appraisal Institute
2005 Secretary and 2006 Treasurer for the Chicago Chapter
2007 Vice President of the Chicago Chapter
2008 President Elect for the Chicago Chapter
2009 President of the Chicago Chapter, resigned after installation as National Vice President AI
Continuing Education and Advanced Education
Program Name End Date Category Hours
7-Hour National USPAP Update Course 01/18/2012 Classroom 7 hours
General Demonstration Report Writing 01/16/2012 Classroom 7 hours
Fundamentals of Separating Real, Personal Property, and Intangible Business Assets *12/16/2011
Classroom 18 hours
Appraisal of Local Retail Properties 12/09/2011 Appraisal Institute Teaching 7 hours
Legislative Update 10/06/2011 Classroom 2 hours
Valuation for Financial Reporting 05/25/2011 Classroom 7 hours
7-Hour National USPAP Update Course 05/12/2011 Classroom 7 hours
75th Annual Princeton Conference 04/28/2011 Classroom 8 hours
Real Estate Industry Perspectives on Lease Accounting 04/07/2011 Online 2 hours
MAI Education Alternative to the Demo Meeting 03/25/2011 Classroom 10 hours
Valuation in Challenging Markets Walkthrough 03/12/2011 Classroom 18 hours
Case Studies in Appraising Green Residential Buildings Passed Exam 01/25/2011 Classroom 8.75 hours
Introduction to Green Buildings: Principles & Concepts Passed Exam 01/24/2011 Classroom 8.75 hours
Valuation of Conservation Easements 11/19/2010 Appraisal Institute Teaching 38.75 hours
UPAV Congress 2010 11/04/2010 Classroom 22 hours
The Lending World in Crisis-What Clients Need Their Appraisers to Know Today 10/15/2010 Teaching
8.75 hours
Advanced Market Analysis and Highest & Best Use * 08/06/2010 Classroom 40 hours
General Appraiser Report Writing and Case Studies 07/17/2010 Appraisal Institute Teaching 28 hours
Real Estate Capital Markets NCREIF Symposium 2010 06/30/2010 Classroom 7 hours
Introduction to Conservation Easement Valuation * 04/30/2010 Appraisal Institute Teaching 8.75 hours
Supporting Capitalization Rates * 04/29/2010 Appraisal Institute Teaching 8.75 hours
General Appraiser Market Analysis and Highest & Best Use 04/09/2010 Appraisal Institute Teaching 28
hours
Commercial Appraisal Engagement and Review 03/08/2010 Appraisal Institute Teaching 7 hours
Business Practices and Ethics 02/26/2010 Appraisal Institute Teaching 7 hours
Appraisal Curriculum Overview (2-day General) 02/25/2010 Appraisal Institute Teaching 15 hours
Advanced Income Approach Walk-Through 02/24/2010 Hours of Service to Appraisal Institute 13 hours
Appraisal Curriculum Overview (1-day Residential) 02/24/2010 Appraisal Institute Teaching 8 hours
Advanced Applications * 02/20/2010 Appraisal Institute Teaching 45 hours
Federal Agency Update 2010 01/28/2010 Classroom 17 hours
2010 LVAI Leadership Installation Dinner 01/25/2010 Classroom 2 hours
Committee Credit - National 12/31/2009 Hours of Service to Appraisal Institute 25 hours
Professional Practice and Business Ethics 7 hours
Appraising the Appraisal Residential 7 hours
Appraising the Appraisal General 7 hours
General Report Writing 30 hours
In addition to these Seminars, I am an active instructor of Appraisal Institute courses and seminars on a
local, national and international level. Following is a partial listing of courses I am approved to teach.
Appraisal Principles
Residential Sales and Income Approaches
Residential Highest and Best Use
Advanced Residential Case Studies
Statistics and Finance
General Sales Comparison
General Basic and Advanced Capitalization
Advanced Market Analysis and Highest and Best Use
Course 510 Advanced Income Capitalization
General Report Writing
330-Apartment Appraisal
600-Income Approach, Mixed Use Properties
810-Income Modeling Excel and Argus
Fundamentals of Separating Real Property, Personal
Property and Intangible Business Assets, Passed
Exam
Appraisal Procedures
Residential Site and Cost Approach
Residential Report Writing
Advanced Residential Report Writing and Case
Studies
General Income Approaches 1 and 2
General Site and Cost Approach
General Market Analysis and Highest and Best Use
Advanced Case Studies
Conservation Easements
530 Advanced Cost and Sales Comparison
550-Advanced Case Studies
700-The Appraiser as an Expert Witness
Review Theory Residential
Review Theory General
Special Recognition by the Appraisal Institute
1998 Special Recognition as Chair of Region 3
1998 Chicago Chapter Distinguished Service Award
2000 Recipient of the William N. Kinnard Jr., PhD Award for contributions to appraisal education
2000 Recipient of the Herman O. Walther Award for outstanding service to the Chicago Chapter
2001 Special Recognition as Chair of Region 3
2004 Recipient of Presidents Award, Appraisal Institute
2005 Recipient, John Shanahan Award Instructor Hall of Fame, Chicago Chapter Appraisal Institute
2007 Recipient, Heritage Award, Chicago Chapter Appraisal Institute
2009 Vice President Appraisal Institute
2010 President Elect Appraisal Institute
2011 President Appraisal Institute
2012 Immediate Past President Appraisal Institute