George M. Baker, President of Vestor Realty Consultants, has completed appraisals and consultation work for individuals, corporations, financial institutions, governmental agencies, real estate developers, pension funds, accountants and attorneys. He has conducted review appraisals for federal regulatory and USPAP compliance on behalf of attorneys, financial institutions and governmental agencies.
Mr. Baker also has completed commercial brokerage (office tenant and buyer representation) transactions and currently provides on-site property management services. This related real estate experience enhances Vestor Realty Consultants’ ability to provide professional appraisal and consulting services.
Before founding Vestor Realty Consultants in 1984, Mr. Baker worked from 1982 to 1984 as senior appraiser with The Abacus Group, a mortgage banking company, and from 1978 to 1981 as a staff appraiser at three independent fee appraisal firms in Chicago.
Mr. Baker holds the MAI professional designation from the Appraisal Institute and is an Illinois Certified General Real Estate Appraiser. He is a Licensed Real Estate Broker-State of Illinois, a Member of the Illinois Coalition of Appraisal Professionals (ICAP), and a Realtor Member of the North Shore Barrington Association of Realtors.
Mr. Baker has been qualified as an expert witness by various county, state and federal courts; municipal and county zoning and planning boards; county property tax appeals boards; and the American Arbitration Association.
In September 1997, he completed the CFP® Professional Education Program from the College for Financial Planning. This supplemental knowledge helps with understanding client needs for various intended uses, including marital dissolutions, gift, trust and estate planning, partial interests and the basis for tax deferred exchanges.
Mr. Baker earned a B.S.B.A. in Finance and Economics from Georgetown University.
Vestor Realty Consultants adheres to strict ethical standards to avoid any actual or perceived conflicts of interest. We complete appraisal and consulting engagements in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP) published by the Appraisal Standards Board of The Appraisal Foundation. We also follow the Code of Professional Ethics and Standards of Professional Appraisal Practice of the Appraisal Institute.
We provide honest and realistic opinions of value, with the market analysis necessary to provide a quality-oriented solution to clients’ needs. We charge a fair and equitable fee for our professional services.
We realize that some clients are unfamiliar with appraisals, and we view this situation as a teaching opportunity. We offer every prospective client a free, up-front consultation about intended use, intended users and scope of work. During this consultation, we listen to, ask questions of, educate and guide the prospective client. Our goal: Provide an appraisal or consulting report solution that is the most cost-effective and timely appraisal report option.
We also tell prospective clients when an appraisal or consultation is not required or recommended. If a related service such as business valuation is required, we can refer the prospective client to reliable professionals. If we believe that we lack sufficient experience or competency, we will inform the prospective client and will decline the assignment.