Qualifications:
- President of Richard M. Lam & Associates, Ltd. – 1990 to Present
- Pennsylvania Certified General Real Estate Appraiser – Since 1992
- Pennsylvania Broker’s Real Estate License – Since 1986
- FHA/HUD Qualified & Approved – Since 1993
Offices Held:
- Vice Chairman and Board Member – Pennsylvania State Board of Certified Real Estate Appraisers – June 2009 through December 2013 (Nominated by the Governor & confirmed by the Senate)
- Board Member – Montgomery County Board of View – Jan. 1995 to 2001
(Served maximum 2 terms)
Position appointed by the Montgomery County Judges - Authority Member – Whitemarsh Township, PA. – 1993 to 2006
Expert Testimony:
- Assessment Appeals Boards in Philadelphia, Montgomery, Bucks, Chester, & Delaware Counties in Pennsylvania
- Board of Views in Montgomery, Bucks, and Chester Counties in Pennsylvania
- Courts of Common Pleas in Berks, Bucks, Chester, Delaware, Montgomery, and Philadelphia Counties
Experience:
Excess of 13,000 properties in southeastern Pennsylvania personally inspected and appraised including but not limited to – Industrial, commercial, unimproved land, hotels, factory buildings, community centers, funeral homes, warehouse buildings, restaurants, apartments, skating rinks, bowling alleys, nursing homes, airplane hangers, flex buildings, office buildings, condominiums, and single family residences. Pennsylvania properties appraised in Bucks, Delaware, Chester, Philadelphia, Berks, Lancaster, Lehigh, and McKean Counties.
- Delaware properties appraised in Newark.
- Maryland properties appraised in Howard, Baltimore and Montgomery Counties.
- New Jersey properties appraised in Mercer and Cape May Counties.
- Leasing experience with over 100,000 square feet of commercial and industrial real estate.
- Sales experience with commercial, retail and residential real estate.
- Management experience of 125+ apartment units and 50,000 square feet of commercial space.
- Purchased new parcel of ground with zoning problem. Successfully changed zoning through township proceedings, financed project through regional lender, developed office building, marketed project and successfully consummated sale one month after completion of construction.
- Developed a 43 lot residential subdivision and served as project manager.
- Developed commercial building after successfully effecting a zoning change.
- Have developed Environmental Impact and Feasibility Studies.
Education:
- Continuous annual education in ethics, standards, practice, and expansion of knowledge
- Case Studies – Appraisal Institute
- Capitalization Theory for Part A & B – Appraisal Institute
- Standards of Professional Practice for Part A & B – Appraisal Institute
- Valuation Procedures – Appraisal Institute
- Appraisal Principals – Appraisal Institute
- Real Estate Development – New York University
- Residential Construction – Wharton School at The University of Pennsylvania
- Bachelor of Science Degree in Marketing – Stetson University
- Germantown Academy graduate
