Education

• Ph.D. in Finance, University of Illinois, Urbana-Champaign, Illinois, 1986 (Dissertation: "The Value of Assumption Financing," Peter Colwell, Chairman).
  
  
• M.S. in Finance, University of Illinois, Urbana-Champaign, Illinois, 1976.
  
  
• B.S. in Finance University of Illinois, Urbana-Champaign, Illinois, 1974.

Academic Positions Held

• University of Wyoming, Laramie, Wyoming - Professor (2003 - present) - Associate Professor (1992 - 2003) - Assistant Professor of Finance (1986-92).
  
  
• Office of Real Estate Research, University of Illinois, Champaign, Illinois - Graduate Research Assistant (1983-86).
  
  
• Illinois State University, Normal, Illinois - Instructor of Finance (1978-83).
  
  
• Northwest Missouri State University, Maryville, Missouri - Instructor of Finance (1977-78).
  
  
• Spring Arbor College, Spring Arbor, Michigan - Instructor of Business (1976-77).

Honors / Awards

• Chair of the University of Wyoming Faculty Senate, 2006-2007.
  
  
• Selected as the Master Educator for Distance Education at the University of Wyoming by WyDEC (Wyoming Distance Education Consortium), 2005.
  
  
• Winner of the Hollon Family Award for Teaching Excellence in Off-Campus Programs awarded by the University of Wyoming, 2005.
  
  
• Winner of the Excellence in Online Teaching Award - presented by eCollege for excellence in online teaching, 2002.
  
  
• Winner of the American Real Estate Society Annual Meeting best manuscript in the Agricultural Real Estate Investment category, 1998 and 1999.
  
  
• Old Cowboy Finance Professor, 1998.
  
  
• Winner of the American Real Estate Society Annual Meeting best manuscript in the Farmland Investment category, 1994 and 1995.
  
  
• Distinguished Research and Development Award, International Association of Assessing Officers (IAAO), Chicago, Illinois, 1991 and 1992.
  
  
• Second place winner in the eleventh annual AREUEA Dissertation Awards competition, American Real Estate and Urban Economics Association, 1988.

Recent Referred Publications

• Mark A. Sunderman and Ronald W. Spahr, "Management Policy and Estimated Returns on School Trust Lands" Journal of Real Estate Finance and Economics, 33(4): 345-362, 2006.



• John W. Birch, Mark A. Sunderman, and Brent C. Smith, "Cost-Based Property Tax Inequity: Evidence from Indiana," Appraisal Journal, 74(3), 257-266, 2006.



• Mark A. Sunderman, Ronald W. Spahr, and Samuel Runyan, "A Relationship of Trust: Are State Trust Lands Being Managed for the Beneficiary?" Journal of Real Estate Research, 26(4): 345-370, 2004.



• John W. Birch, Mark A. Sunderman, and Brent C. Smith, "Vertical Inequity in Property Taxation: Neighborhood Based Analysis," The Journal of Real Estate Finance and Economics, 29(1): 71-78, 2004.



• John W. Birch and Mark A. Sunderman, "Estimating Price Paths for Residential Real Estate," Journal of Real Estate Research, 25(3): 277-300, 2003.



• Brent C. Smith, Mark A. Sunderman, and John W. Birch, "Sources of Variation in County Property Tax Inequities" Journal of Public Budgeting, Accounting and Financial Management, 15(4): 571-92, 2003.



• Ronald W. Spahr, Robert G. Schwebach, and Mark A. Sunderman, "Original-Issue Systematic and Default Risk Pricing Efficiency of Speculative Grade Bonds," Journal of Risk and Insurance, 69(4); 489-516, 2002.



• Mark A. Sunderman and John W. Birch, "Valuation of Land Using Regression Analysis," Real Estate Valuation Issue of Research in Real Estate Monograph Series, Kluwer Academic Publishers, 8: 325-339, 2002.



• Mark A. Sunderman, Ronald W. Spahr, John W. Birch, and Russell M. Oster, "Impact of Ranch and Market Factors on an Index of Agricultural Holding Period Returns," Journal of Real Estate Research, 19(1/2): 209-234, 2000.
  
  
• John W. Birch and Mark A. Sunderman, "Optimal Trimming of Appraisal-Sale Ratios," Assessment Journal, 6(4): 25 - 31, 1999.
  
  
• Ronald W. Spahr and Mark A. Sunderman, "Valuation of Agricultural Property Surrounding a Resort Community," Journal of Real Estate Research, 17(2): 227 - 243, 1999.
  
• Ronald W. Spahr and Mark A. Sunderman, "Property Tax Inequities on Ranch and Farm Properties," Land Economics, 74(3): 374-389, 1998.
  
  
• John W. Birch and Mark A. Sunderman, "Testing for Outliers in Sales and Appraisal Data," Assessment Journal, 4(4): 31-38, 1997.
  
  
• John W. Birch and Mark A. Sunderman, "Adjusting for Market Movements Over Time: Is Subdistricting Necessary?," Assessment Journal, 3(1): 36-42, 1996.
  
  
• Mark A. Sunderman and Ronald W. Spahr, "Additional Evidence on the Homogeneity of the Value of Government Grazing Leases and Changing Attributes for Ranch Value," Journal of Real Estate Research, 10(5): 601-616, 1995.
  
  
• John W. Birch and Mark A. Sunderman, "Equalizing Property Appraisals to Market: Comparing Old and New Methods," Assessment Journal, 2(2):47-53, 1995.
  
  
• Mark A. Sunderman and Ronald W. Spahr, "Valuation of Government Grazing Leases," Journal of Real Estate Research, 9(2): 179-196, 1994.
  

Teaching and Research Interests

My primary teaching and research interests are in Real Estate. I find the areas of property valuation and property tax administration, in particular the issue of measuring and adjusting for property tax inequity, of special interest. I have also been researching the valuation of government grazing leases and the equitable property taxation of farms and ranches. When given the opportunity, I also enjoy teaching in the areas of Insurance and Corporate Finance.

Recently, I have become more involved in distance education. I have taught classes over Wyoming's compressed-video system and in Spring 1999 I taught my first online class (in cooperation with eCollege). Since then I have developed and taught five additional classes online.

In fall of 1999, the University of Wyoming received a grant from eCollege to develop a Real Estate Certificate program to be offered over the internet. The first of these real estate classes was offered Summer 2000. For more information on this program, check out Real Estate Certificate program or e-mail me - sundermn@uwyo.edu.

I am the faculty advisor for Chi Alpha Christian Fellowship and Baptist Collegiate Ministries.

Recent Courses Taught

• Finance 4810 -- Real Esatate Appraisal
• Finance 4800 -- Real Estate Finance (offered online)
• MBAX 5510 -- Financial Management (offered online)

• Finance 3250 -- Financial Management (offered online)
• Finance 4610 -- Real Estate and Urban Economics (offered online)
  
  

• Finance 4610 -- Real Estate and Urban Economics
• Finance 4810 -- Real Estate Appraisal (offered online)
  
  

Interesting Links

• City of Laramie -- Check us out!
  
  
• State of Wyoming -- Learn more about our great state.
  
  
• Wyoming Real Estate Commission -- This link also takes you to the Certified Appraisal Board. Interested in real estate licensing requirements in Wyoming, check out this site.
  
  
• University of Wyoming, On-Line -- Yes, UW now has on-line classes! Check out our new home page and see some of our offerings.
  
  
• American Real Estate and Urban Economics Association -- Check out some of these interesting real estate related links.
  
  
• American Real Estate Society -- This page also has some very interesting links - check them out.
  
  
• The Journal of Real Estate Research, Online -- Check out copies of the articles that are in this journal from the comfort of your own home. No more need to worry about parking at the library!
  
  
• Financial Management Association -- This page has some very interesting financial links, as well as information about the FMA.
  
  
• Fire of 1994 -- Check out pictures of our house fire of 1994!
  
  
• W.O.L.F. -- Interesting Web site and a neat place to visit
  
  
• Paul Michael Meredith -- Paul is harpist and composer - check out this site for some interesting music.