Staff Directory

Lee Ovington, MAI, SRA

Lee Ovington, MAI, SRA is a Member of the Appraisal Institute and a Certified General Appraiser in the State of Illinois.  Certified General is the highest certification legally possible in the State of Illinois and allows the appraiser to perform valuations of all types of property. 

PROFESSIONAL EXPERIENCE

Real Estate Appraiser - 1986 to Present
Real Estate Broker - 1986 to Present
Owner and President of Ovington Appraisal Service
Owner and Designated Managing Broker of Realty Professionals, Inc.

EDUCATION

1986 - Bachelor of Science in Finance, Minor in Real Estate
   Northern Illinois University, DeKalb, IL

MEMBERSHIPS / AFFILIATIONS

Member of the Appraisal Institute
Member of the National Association of Realtors
Member of the Fox Valley Association of Realtors
Member of the Illinois Coalition of Appraisal Professionals

PROFESSIONAL DESIGNATIONS AND CREDENTIALS

MAI & SRA Designations - Appraisal Institute
HUD Approved FHA Appraiser
Illinois Department of Transportation (IDOT) Approved Appraiser
Certified General Real Estate Appraiser, Illinois #553-001203
Real Estate Broker, Illinois, #075-091261
Qualified Expert Witness – Illinois 16th Judicial Circuit

CONTINUING EDUCATION

2023 - Advanced Land Valuation, Appraisal Institute
2023 - Manufactured Home Appraisal, McKissock
2023 - Appraising Manufactured Homes, Fannie Mae
2023 - Environmental Hazards Impact on Value, American Institute
2023 - Business Practices and Ethics, Appraisal Institute
2022 - Historic Preservation Easements, Appraisal Institute
2022 - USPAP Update, Appraisal Institute
2021 - Assessment Appeals, Appraisal Institute
2021 - Luxury Home Construction, McKissock
2021 - Appraising Luxury Homes, McKissock
2019 - Rural Valuation, Appraisal Institute
2018 - Fundamentals of Separating Intangible Value, Appraisal Institute
2018 - USPAP Update, Appraisal Institute
2017 - Valuation of Conservation Easements, Appraisal Institute
2016 - Business Practice and Ethics, Appraisal Institute
2016 - USPAP Update, Appraisal Institute
2015 - Collateral Underwriter, Appraisal Institute
2015 - Chicago Real Estate Market Conditions, Appraisal Institute
2014 - Illinois Supervisor/Trainee Seminar, ICAP
2014 - USPAP Update, Appraisal Institute
2014 - Appraisal Curriculum Overview - General, Appraisal Institute
2013 - Insurance Replacement Valuation, Appraisal Institute
2012 - Advanced Internet Search Strategies, Appraisal Institute
2012 - Appraisal Curriculum Overview - Residential, Appraisal Institute
2012 - FHA and the Appraisal Process, Appraisal Institute
2012 - USPAP Update, Appraisal Institute
2011 - Multifamily Fundamentals Acquisition Pricing, Appraisal Institute
2011 - USPAP Update, Appraisal Institute
2011 - Conditions of the Chicago Real Estate Market, Appraisal Insitute
2011 - Business Practices and Ethics, Appraisal Institute
2011 - Analyzing Credit Risk and Commercial Leases, Appraisal Institute
2011 - Illinois Appraiser Update, Appraisal Institute
2011 - General Demonstration Appraisal Report - Appraisal Institute
2009 - Appraising the Tough Ones, Appraisal Institute
2009 - Subdivision Analysis, Appraisal Institute
2009 - Illinois Appraiser Update, Appraisal Institute
2009 - USPAP Update, Appraisal Institute
2008 - Business Practices and Ethics, Appraisal Institute
2007 - USPAP Update, Appraisal Institute
2007 - Report Writing 540, Appraisal Institute
2007 - Eminent Domain and Condemnation, Appraisal Institute
2007 - Advanced Applications 550, Appraisal Institute
2006 - Advanced Cost and Sales Approaches 530, Appraisal Institute
2006 - New Housing in a Decling Market, Appraisal Institute
2006 - Highest and Best Use 520, Appraisal Institute
2005 - Rates, Ratios, and DCF, Appraisal Institute
2005 - USPAP Update, Appraisal Institute
2004 - Business Practices and Ethics, Appraisal Institute
2003 - USPAP Update, Appraisal Institute
2003 - Highest and Best Use Market Analysis, Appraisal Institute
2001 - Advanced Income Capitalization 510, Appraisal Institute
2000 - Streamlined Appraisals, Appraisal Institute
1999 - FHA and the Appraisal Process, Appraisal Institute
1999 - Fair Lending and the Appraiser, Appraisal Institute
1999 - Standards of Professional Practice, Appraisal Institute
1997 - General Application 320, Appraisal Institute
1997 - Basic Income Capitalization 310, Appraisal Institute
1997 - Residential Income Capitalization, Appraisal Institute
1997 - Income Capitalization 2.2, N.A.I.F.A.
1997 - Income Property Appraising 2.1, N.A.I.F.A.
1995 - FHA Appraisals, Appraisal Institute
1993 - Appraisal Procedures, Appraisal Institute
1990 - Standards of Professional Practice, Appraisal Institute
1989 - Residential Valuation, Appraisal Institute
1989 - Real Estate Appraisal Principles, Appraisal Institute
1989 - Home Construction, Society of Real Estate Appraisers

PARTIAL LIST OF REAL ESTATE APPRAISED

• Ad Valorem Tax Appeal
• Agricultural Use
• Aircraft Hanger
• Apartment Complex
• Auto Parts Store
• Auto Repair Center
• Automobile Storage Facility
• Bank
• Banquet Hall
• Bar and Grill
• Brewery/Restaurant
• Billboard
• Cell Tower
• Church
• Community Shopping Center
• Condemnation Appraisal
• Contaminated Property Valuation
• Conservation Easement
• Convenience Store
• Dental Office
• Development Land
• Diner
• Distribution Warehouse
• Doctor's Office
• Eminent Domain Appraisal
• Equestrian Center
• Farmland
• Fast-food Restaurant
• Fractional Interest
• Gasoline Service Station
• Gas Station and Mini-Mart
• Health Spa
• Heavy Manufacturing
• Historic Preservation Easement
• Ice Cream Stand
• Industrial Condominium
• Indoor Flea Market
• Lakefront Vacation Property
• Lakefront Lots
• Light Industrial
• Liquor Store
• Lodge
• Luxury Single Family
• Meat Packing Plant
• Medical Office Building
• Mini-warehouse
• Mixed-Use Building
• Mobile Homes
• Mobile Home Park
• Motel
• Neighborhood Shopping Center
• Night Club
• Nursery
• Office Building
• Office Condominium Complex
• Public Park
• Partial Taking Valuation
• Partial Interest Valuation
• Quonset Building
• Restaurant
• Residential Subdivision
• Retail Store
• Retail Condominium
• School
• Self-Service Car Wash
• Self-Storage Facility
• Shopping Center
• Single Room Occupancy Hotel
• Storage Garage
• Storage Warehouse
• Tavern
• Used Car Dealership
• Veterinary Hospital
• Wetlands
• Warehouse
• Winery