• Appraisal Institute
  • State Certified General Real Estate Appraiser #TX-1320182-G
  • National Association of Realtors
  • Texas Association of Realtors
  • Abilene Board of Realtors
  • Society of Texas A & M Real Estate Professionals
  • Licensed Real Estate Broker, State of Texas


About TOMMY W. FOSTER, MAI

MEMBERSHIPS

Real Estate APPRAISERS & CONSULTANTS

  • Appraisal Institute

                     Texas Plains Chapter #58: 2013-2015 Board of Directors
​                     Texas Plains Chapter #58: 1988 Chapter President
                     Texas Plains Chapter #58: 1987 Chapter Vice-President
                     Texas Plains Chapter #58: 1983-1986 Chapter Admissions Chairman
                     Texas Plains Chapter #58: 2013-2016; 1987-1988 Board of Directors

  • ​Abilene Board of Realtors: 3 Year Director-Board of Directors (1989-91)

  • 1998 J. D. O’Michael Award for Distinguished Chapter Service-Texas Plains Chapter

  • Realtor of the Year – 1992 – Abilene Board of Realtors

  • Service Above Self – Vocational Award Winner 1992 – Abilene Rotary Club

aCTIVITIES & awards

EDUCATIONAL BACKGROUND

  • Fundamentals of Separating Real Property, Personal Property, and Intangible Business Assets (As required by SBA)
  • Highest and Best Use Analysis
  • Liability Management for Appraisers
  • Valuation of Partial Interests
  • Market Analysis and the Site to Do Business
  • Forecasting Revenue
  • Appraising the Tough Ones
  • Hotel Appraising
  • Appraisal Tools Tune-Up
  • Appraisals in Litigation
  • Declining Markets and Sales Concessions
  • ​Attacking and Defending the Appraisal in Litigation
  • Real Estate Finance, Statistics, and Valuation Modeling
  • Standards of Professional Appraisal Practice Update​
  • Cum Laude Graduate December, ​1975, from Texas A & M University,Bachelor of Science in Agricultural Economics

  • ​​Graduated May, 1977, from Texas A & M University, Master of Agriculture Degree, Land Economics and Real Estate Program

​​        Successful completion of the following courses sponsored by the Appraisal Institute:

  • Course 1A: Principles of Appraising - Southern Methodist University
  • Course 1B: Income Capitalization - Southern Methodist University
  • Course VIII: Residential Valuation - Southern Methodist University
  • Case Studies In Real Estate Valuation - University of Colorado
  • Valuation Analysis and Report Writing - University of Colorado
  • Industrial Valuation - University of Colorado

COURSE WORK

SEMINARS & TRAINING

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