estate valuation and counseling firm. In addition to holding the MAI, CRE, and FRICS

designations, Mr. Gelbtuch has chaired or served on international committees of the Appraisal Institute, the Counselors of Real Estate, and the National Association of Realtors Ò, and is a recipient of the Appraisal Institute’s Percy and Betty Wagner Award for outstanding contributions to the advancement of appraisal education and knowledge. An accomplished author, he is a frequent contributor to Appraisal Institute publications, including the Appraisal Institute’s textbook, The Appraisal of Real Estate. He has valued properties or taught valuation courses and seminars throughout the Americas, Europe, the Middle East, Africa, and Asia.

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