Biography
Terence (Terry) Farr, MAI, SRA, AI-GRS, CCIM, R/W-AC has 18+ years of appraisal and review experience covering a majority of property types. Terry’s experience and local expertise is rooted in the Las Vegas valley, with some analyses performed for properties in California, Arizona and Utah. Prior to founding Farr Valuation, Inc. in November 2022, Terry was a Vice President of the Valuation & Advisory Services within the Mountain Northwest region in the Las Vegas office since 2013. Terry was an independent fee appraiser at Timothy R Morse and Associates (now Morse-Krueger and Associates) from 2008-2013. His career started in 2005 at Nevada State Bank as a Review Appraiser.
Terry is an Appraisal Institute Multi-Designated Appraiser (MAI, SRA, and AI–GRS), CCIM Institute Designated Member (CCIM–Certified Commercial Investment Member), and International Right of Way Designated Member (R/W-AC – Right of Way/Appraisal Certified). He has served on several committees within the local Appraisal Institute Chapter and served as a Candidate Advisor from 2013 to 2022. He has served on the Clark County Board of Equalization since January 2016 and will continue to serve as Vice–Chair through December 31, 2023. In this capacity, Terry is the chair for the Commercial Real Estate and Personal Property hearings. He was appointed to the Appraisal Advisory Review Committee (AARC) for the State of Nevada Real Estate Division in January 2022. Terry was elected to the CCIM Southern Nevada Chapter Board of Directors for 2024 and is the Social Media Chair for IRWA Chapter 44 for 2023-2024.
Terry was previously ARGUS AE Software Certified (through May 2022). He has taught the Real Estate Valuation course (RE 333) at University of Nevada – Las Vegas (UNLV) since 2021.
Education
B.S., Finance, University of Nevada Las Vegas
Licenses & Certifications
R/W-AC
International Right of Way Association
Issued Aug 2023
Argus Software Certified (ASC) – Enterprise
Altus Group
Issued May 2020
Credential ID EKP-0149-3410-6432-8857
Certified Commercial Investment Member (CCIM)
CCIM Institute
Issued Oct 2019
SRA
Appraisal Institute
Issued Aug 2018
AI-GRS
Appraisal Institute
Issued Aug 2016
former-ASA
American Society of Appraisers
Issued Oct 2016
MAI
Appraisal Institute
Issued Nov 2013
Board Memberships
CCIM Southern Nevada Chapter
Director (2024)
IRWA Chapter 44
Social Media Chair (2023-2024)
Appraisal Institute
Positions held:
Past President, President, Vice President, 2nd Vice President, Board of Directors, Regional Nominating Committee
May 2006 – Present
