572 Volunteer Parkway
Warren Klutz, MAI, SRA, AI-GRS, CCIM, MS, MBA
Bachelor of Science (BS), East Tennessee State University (ETSU), 1972. Major in real estate and minor in military science. ETSU military science program included Army flight training and was commissioned as Second Lieutenant, infantry officer, on graduation. Training in military included Basic Infantry Officer Course and Airborne School. Military service completed at the rank of Captain.
Master of Science (MS) in Real Estate Appraisal from University of St. Thomas, Minneapolis, MN.
Master of Business Administration (MBA) from King University, Bristol, TN.
All but the dissertation completed in Doctor of Education (Ed.D.) degree program at East Tennessee State University.
Awarded the MAI, SRA, and AI-GRS designations by the Appraisal Institute.
Awarded the CCIM designation by the Certified Commercial Investment Institute.
OTHER PROFESSIONAL EDUCATION
Standards of Professional Practice (Parts A & B), University of Georgia
Standards of Professional Practice (Part C), Manassas, Virginia
Real Estate Appraisal Principles, Indiana University
Basic Valuation Procedures, Indiana University
Capitalization Theory & Techniques Part 1, University of North Carolina
Capitalization Theory & Techniques Part A, University of Georgia
Capitalization Theory & Techniques Part B, University of Georgia
Market Analysis, University of Central Florida
Case Studies in Real Estate Valuation, University of Georgia
Report Writing and Valuation Analysis, University of Georgia
Review Theory – General, Nashville School of Law
Condemnation Appraising: Principles & Applications, Richmond, Virginia
General Appraiser Market Analysis and Highest & Best Use, Owensboro, Kentucky
The Appraiser’s Complete Review, Cherry Hill, PA and Arlington, VA
Recent seminars taken through the Appraisal Institute:
Successfully completed and passed the following courses and examinations and designated CCIM, Certified Commercial Investment Member of the Commercial Investment Real Estate Institute:
CI-101, Fundamentals of Real Estate Investment and Taxation, Washington, D.C.
CI-102, Fundamentals of Creating a Real Estate Investment, Atlanta, Georgia.
CI-103, Advanced Real Estate Taxation and Marketing Tools for Investment Real Estate, Detroit, Michigan
CI-104, Case Studies in Commercial and Investment Real Estate Brokerage, Atlanta, Georgia
CI-105, Principles and Techniques of Effective Communication for Commercial-Investment Brokerage, Atlanta, Georgia
Successfully completed the following courses as given by the Society of Real Estate Appraisers and designated SRA, Senior Residential Appraiser:
An Introduction to Appraising Real Property, Course 101, Knoxville, Tennessee
Applied Residential Property Valuation, Course 102, Appalachian State University
Successfully completed the following courses as given by the International Right-of-Way Association:
The Appraisal of Partial Acquisitions Skills of Expert Testimony
Interpreting Engineering Drawings Easement Valuation
Graduated from Missouri Auction School, Kansas City, Missouri
MEMBERSHIP AND LICENSES
Licensed Certified General Real Estate Appraiser in Tennessee and Virginia
Licensed Real Estate Broker in Tennessee and Virginia
Licensed Real Estate Auctioneer in Tennessee and Virginia
Member of the Bristol, Tennessee-Virginia Association of Realtors
Awarded Realtor Emeritus Status by the National Association of Realtors
Member of the Tennessee-Virginia Regional Multiple Listing Service
Member of the Southwest Virginia Association of Realtors Multiple Listing Service
Member of the NETAR Commercial Multiple Listing Service
President of the Bristol, Virginia-Tennessee Association of Realtors in 1978, 1982 and 1987
President of the TENNEVA Chapter of the Society of Real Estate Appraisers, 1987
Vice President, Blue Ridge Chapter of the Appraisal Institute, 2000
Vice President, Virginia Commonwealth Chapter of the Appraisal Institute, 2003
President, Virginia Commonwealth Chapter of the Appraisal Institute, 2004
Member of the Commercial Investment Real Estate Institute
MAI and SRA Designated Member of the Appraisal Institute
Recipient of Appraiser of the Year 1985 - TENNEVA Chapter of the Society of Real Estate Appraisers
Contributing author for Applications in Litigation Valuation: A Pragmatist's Guide published by the Appraisal Institute in 2012.
Contributing author and editor for Rural Property Valuation published by the Appraisal Institute in 2017.
KLUTZ, W. (2020). Chronicles of an Appraiser. The Appraisal Journal, LXXXVIII(1), 59-62.
KLUTZ, W. (2021). Reducing Real Estate Portfolio Risk. The Appraisal Journal, LXXXVIII(4), 270-274.
Owned and operated Warren Klutz and Company since 1975, specializing in commercial and investment real estate brokerage, consulting, and appraising in Tennessee, Virginia, and North Carolina. Experience includes appraisals of various interests in all types of properties for financial institutions, utility companies, private, corporate and government clients. Qualified as an expert witness in numerous courts in Tennessee and Virginia. Klutz has served as an instructor for the Appraisal Institute since 2004. Mr. Klutz is presently serving as a member of The Appraisal Journal Review Panel.
PARTIAL CLIENT LIST
Financial Governmental Corporations & Utility
NationsBank State of Virginia Raytheon
Signet Bank State of Tennessee UNISYS
First Union City of Johnson City IBM
Tri-Cities Bank Army Corps of Engineers Smith Kline Beecham
Charter Federal Virginia Dept. of Trans. CONOCO
First American Bank Tennessee Dept. of Trans. Electrolux
Dominion Bank Virginia Attorney General Shoney's Restaurants
Sovran Tennessee Dept. of Finance Hospital Corporation of America
First Tennessee Bank City of Bristol Tennessee East Tennessee Natural Gas Company
Bank of Baltimore City of Bristol Virginia Norfolk Southern Railway
Home Federal Smyth County, Virginia Tennessee Valley Authority
Chrysler First Washington County, Virginia Appalachian Power Company
Highlands Union Sullivan County, Tennessee CSX Railroad
SunTrust Bank Tennessee Attorney General Virginia Gas Company
TruPoint Bank U.S. Dept. of Justice Duke Energy
Settler’s Life Insurance Wise County, Virginia Alpha Natural Resources
Valley Bank Dickenson County, Virginia Johnson Memorial Hospital
Darby Bank & Trust ETSU TVA
Bank of America North Carolina State University Bristol Motor Speedway
Wells Fargo Bank Federal Bureau of Prisons Washington Co. Service Authority
Capital Bank Washington Co. Service Authority Vaughn & Melton Consulting Engineers
New Peoples Bank Town of Abingdon, Virginia Goodpasture Motor Company
Summit Community City of Kingsport, Tennessee Virginia Highlands Airport Authority
Grundy National Bank State of Tennessee Gen. Services Brownlow Utility District
1st Nat. Bank of Onieda Washington Co. School Board Nuclear Fuel Services, Inc.
Carter Bank & Trust Bristol, Virginia Utilities Dyson-Kissner-Moran Corporation
Economic Obsolescence Seminar Hotel Motel Valuation Seminar
Accrued Depreciation Seminar Applied Sales Comparison Approach
Rates, Ratios and Reasonableness Rate Extraction
Commercial Construction Overview Appraising Troubled Properties
Discounted Cash Flow Analysis The Appraiser As An Expert Witness
Appraising Troubled Properties Demonstration Appraisal Report Writing
Automated Valuation Models Appraisal of Nursing Facilities
The Internet and Appraising The Future of Appraising
New Industrial Valuation Appraisal Office Management
Appraisal of Non-Conforming Uses Eminent Domain and Condemnation
Litigation Skills for the Appraiser Data Confirmation & Verification Methods
Review Theory - General Appraising Distressed Commercial Real Estate
Appraisal of Nonconforming Uses Business Practices and Ethics
Appraising Troubled Properties Appraiser’s Legal Liabilities
Using Spreadsheet Programs in Real Estate Appraisals
Advanced Spreadsheet Modeling for Valuation Applications
Practical Regression Using Microsoft Excel
Marketability Studies: Six-Step Process & Basic Applications
Uniform Appraisal Standards for Federal Land Acquisitions
Real Estate Finance Statistics and Valuation Modeling
Valuation of Detrimental Conditions in Real Estate