Calvin Moye Real Estate and CALMO Realty Services, Inc.
Calvin Moye Real Estate and CALMO Realty Services, Inc.
Calvin Moye Real Estate and CALMO Realty Services, Inc.

The 357 page guide, Dissection of a Residential Appraisal Report for properly reviewing/completing a single-family appaisal can be ordered by clicking on [Products] [Publications]

CALMO Appraisal System (CAS) containing Real Estate Appraisal Review Documents,  Engagement Documents, Evaluation Documents & Validation documents are now available.  [Click] to see more.


View Calvin Moye's Availability Calendar and Schedule
Calvin Moye's Qualifications

Calvin W. Moye is a real estate appraiser, real estate program developer, consultant, and real estate broker. 

Calvin Moye's firm, CALMO Realty Services, Inc. provides a range of services including real estate appraisal, the packaging of loans, advising clients about the procedures to obtaining financing, valuing mortgages and contracts, and presenting educational programs to institutional lenders.  Calvin Moye Real Estate also specializes in the locating and leasing of commercial space.

For 21 years, he was employed by commercial banks in Arkansas and Missouri.  His latest employment was as Senior Vice President of Real Estate Services for a national bank in Fort Smith, Arkansas.  During these eleven years, he was active in the development of real state lending and appraisal policies for the bank, as well as being the mortgage loan department head.  He is versed in commercial lending, financial statement analysis, mortgage loan secondary market production and secondary market loan servicing.

Concurrently with the institutional employment from 1970 to 1994, he operated a private real estate company specializing in appraisal, education and consultation.  He performs real estate appraisal reviews for commercial banks on all types of property.  He has served on three national committees that deal with appraisal regulation, appraisal education and real estate lending. 

Before 1986, Mr. Moye managed a real estate appraisal firm specializing in residential and commercial appraisals.  Because of the conflicts associated with institutional employment, only special types of appraisal assignments and consulting assignments were accepted between 1986 and 1994.

Consulting and Educational Program Development

Since 1978, he has taught more than 750 appraisal courses in 30 different states for various professional associations and government agencies. Courses regularly taught include residential, income, condemnation, exam preparation, appraisal review and appraisal regulation. Calvin designed and wrote four education programs with accompanying manuals for an appraisal associations. These programs included:

  • Course 1.1 > Principles of Residential Real Estate Appraising
  • Course 1.2 > Market Data Analysis for Residential Properties
  • Course 4.6 > Reviewing Residential Appraisal Reports
  • Course 5.1 > Institutional Regulation of Real Estate Appraisal
  • Course 9.0 > A & B Concepts, Terminology and Techniques

Consulting, Teaching and Education Development Clients

  • Federal Financial Institutions Examination Council
  • Westark College (now UAFS)
  • Carl Albert Junior College
  • Arkansas Realtor’s Institute programs
  • Kansas Realtor’s Institute programs
  • Montana America Bankers Association
  • Maryland American Bankers Institute
  • West Virginia Real Estate Appraiser Commission
  • GE Capital Corporation
  • FIC Conferences
  • Arkansas Center For Financial Training
  • BancorpSouth, Fort Smith, Arkansas
  • Arvest Banks (Northwest Arkansas)
  • Bank of the Ozarks
  • US Air Force Institute


Some of the books and manuals authored by Mr. Moye are:

  • Principles of Residential Real Estate Appraising (Reference textbook)
  • Principles of Residential Real Estate Appraising (student work manual with supporting instructor’s version)
  • Market Data Analysis for Residential Properties (student work manual with supporting instructor’s version)
  • Concepts, Terminology and Techniques (student work manual with supporting instructor’s version)
  • Institutional Regulation of Real Estate Appraisals (bank regulator’s appraisal regulations)
  • Federal Regulation of Real Estate Appraisal
  • Dissection of a Residential Appraisal Report

Other Services

He also develops procedures, software systems and associated forms for the preparation of:

  • Real Estate Lending Policies
  • Real Estate Appraisal Policies
  • Real Estate Appraisal Review
  • Narrative Appraisal Reports for Income Producing Properties

These systems and forms are sold or licensed to professional associations, lending institutions, appraisers and education providers.

Sample of Classes or Seminars Taught:

  • Fair Lending and Fair Housing
  • Basic Construction Terminology
  • Introduction to Income Property Appraising
  • Techniques of Income Property Appraising
  • Marshall Swift Cost Seminar
  • Calculating GLA using ANSI Standards
  • Review of Residential Appraisals
  • Principles of Real Estate Appraising Market Data Analysis for Residential Properties
  • Testing Highest and Best Use Analysis
  • Home Inspections – Common Defects in Homes
  • Construction and Development of Residential Real Estate
  • Report Writing for Residential Real Estate Appraising
  • Condemnation Appraising
  • Uniform Standards of Professional Appraisal Practice
  • Concepts, Terminology and Techniques

Professional Associations

Professional Designations (Current)

  •   Arkansas Realtors Institute, Graduate of Realtors Institute GRI - 1976

Professional Affiliations

  •  Chairman, National Education Committee (NAIFA)  (2 Times) - 1991 & 97
  •  Member, Government Affairs and Corporate Relations Committee (NAIFA) - 1995 - 96
  •  State Director for Independent Fee Appraisers (4 times) - 1977 - 93
  •  Chapter President of Independent Fee Appraisers  (5 times) - 1977 - 96


  • Quality Control Liaison Committee for Fannie Mae - 1991 - 93
  • Appraisal Foundation (Liaison Committee/ Assessment of State Testing) - 1991 - 93

Professional Licenses

  • Real Estate Broker - Arkansas - 1971 - Present
        (has been a broker in Missouri and Oklahoma as well as Arkansas in the past)
  • State Certified General Real Estate Appraiser (Arkansas 0413) - 1991 - Present
        (has been a certified General Appraiser in Oklahoma in the past)

Real Estate Professional Education


  • Appraisal Report Writing
  • Tax Considerations, HP 38E
  • Discounted Cash Flow Analysis
  • Hotel/Motel Evaluation and Investment
  • Introduction to Mortgage Equity Analysis
  • Tax Consideration in Real Estate
  • Cash Equivalency and Creative Financing
  • Fair Housing and Lending
  • Office Building Valuation
  • Supporting Capitalization Rates

Core Courses

  • Course 101 Introduction to Property Appraisal
  • Course 201 Income Property Appraisal
  • Course IV Condemnation
  • Course 8 3 Standards of Professional Practice
  • Course 2 1 Case Studies in Real Estate Valuation
  • Course 2 2 Valuation Analysis & Report Writing
  • Part A & B Professional Standards
  • Course 310 Basics of Income Property Appraisal
  • Course 430 Uniform Standards of Appraisal Practice

Sample of Assignment Types Completed

  • Hotels and Motels
  • Communications Tower Site
  • Residences
  • Offices 
  • Medical Clinics 
  • Mobile Home Park
  • Churches
  • Residential Subdivisions
  • Funeral Homes
  • Retail Shopping Malls
  • Restaurants
  • Industrial Sites
  • Manufacturing Plants
  • Right-of-Ways
  • Convenience Stores
  • Rural Land
  • Private Clubs
  • Marina Site
  • Historical Easements
  • Watershed Rights
  • Automated Car Washes

Consulting or Appraisal Clients

  • Asa Hutchinson, U.S. Representative
  • Associates Relocation & Management Services Group
  • American Electric Power
  • Armstrong Bank, Muldrow, OK
  • BancorpSouth, Fort Smith, AR
  • Bank of the Ozarks
  • Benefit Bank, Fort Smith, AR
  • Bill Wessels, CPA
  • Bost Human Development
  • Central National Bank
  • City of Barling, Arkansas
  • City of Fort Smith, Arkansas
  • Cooper Clinic
  • Engstrom, Grayson, Green & Patterson
  • Fort Smith Municipal Airport Commission
  • Farmers Cooperative
  • First National Bank of Fort Smith
  • First National Bank of Roland
  • First National Bank of Sallisaw
  • First United Trust Company, N.A.
  • Hardin, Jesson, Dawson & Terry
  • Hibernia National Bank, New Orleans, LA
  • James River Corporation
  • Jerry Canfield, Fort Smith City Attorney
  • James River Corporation
  • KOPCO Steel, Inc.
  • Market Intelligence
  • National Association of Independent Fee Appraisers
  • Riverside Furniture Corporation
  • St. Edward Mercy Medical Center
  • Stanley Leasure, Daily & Woods, P.L.L.C.
  • State National Bank of Heavener
  • University of Arkansas for Medical Services
  • Westark Community College
  • Western Arkansas Planning & Development District
  • U. S. Marshals Service
  • Warner & Smith, Attorneys at Law
  • Westark Community College

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