As a lifelong Tennessean, David A. Shanks of Shanks and Associates is familiar with life in the Volunteer State. A native of Rogersville, Tennessee, David has spent more than 15 years in commercial real estate, working as an appraiser, contractor and investor, a unique combination that allows David to bring exceptional value to the clients that he works with at Shanks and Associates. In addition to these skills, David is also a MAI Designated appraiser, making his knowledge and expertise unique among brokers.
The MAI Designation that David holds comes from his meticulous work in earning this title. Recognized on a global basis, a MAI Designation is earned as a series of courses that extend over and above state certifications for appraisers. An incredibly strenuous process, the MAI Designation is the highest achievement for commercial appraisers that is renewable every five years to ensure that individuals who have receive MAI Designation are aware of the latest information for appraisers.
As explained on the Appraisal Institute website, a MAI Designation entails the following:
The MAI membership designation is held by professionals who can provide a wide range of services relating to all types of real property, such as providing opinions of value, evaluations, review, consulting and advice regarding investment decisions, among others. Property types may include commercial, industrial, agricultural, residential, vacant land and others.
To become a MAI Designated member of the Appraisal Institute, an individual must:
- Have good moral character;
- Meet standards and ethics requirements;
- Pass rigorous education requirements;
- Pass a final comprehensive examination;
- Submit specialized experience which must meet strict criteria; and
- Receive credit for the demonstration of knowledge requirement.
These individuals have the necessary commercial property valuation experience and knowledge to produce a valuation that instills confidence. MAI Designated members agree to adhere to the Appraisal Institute code of professional ethics and standards of professional appraisal practice, underscoring their commitment to sound and ethical professional practice.
Continuing education requirements help MAI Designated members stay informed of developments pertaining to real property valuation, enabling them to provide valuations reflecting the latest in professional practice.
The MAI designation has long been recognized by courts of law, government agencies, financial institutions and investors as a mark of excellence in the field of real estate valuation and analysis.
David is the member of several boards in the Blount County and Maryville communities, including:
- Blount County Chamber of Commerce: Board of Directors, 2017-Present
- Blount County Chamber Government Relations/Rapid Response Team, 2016-Present
- Harbours Gate Board of Directors, Treasurer, 2016-Present
- Maryville High School Athletic Boosters Board, 2016-Present
- Fairview United Methodist Church: Board of Trustees, 2012-2014, Staff Parish, 2017-Present
David A. Shanks is a resident of Maryville, Tennessee, where the offices of Shanks and Associates are located. David lives with his wife and three children, who are the driving force behind the work that David does for Shanks and Associates.