About Us

Rick Hiton is considered an expert in urban economics and property valuation with over 35 years of real estate experience in the Chicagoland area. Hiton and Associates provides real estate appraisal services for major financial institutions, insurance companies, law/litigation, private homeowners, commercial property owners and more.

Hiton’s studies at the University of Illinois specialized in the fundamentals of real estate, urban economics, investment analysis, and valuation theory. After earning his Master of Science degree in Real Estate & Urban Economics at UIUC and studying finance at the PhD level at Northwestern University, he went on to develop real-world expertise as a real estate appraiser and lending officer. In 1981, he founded Rick Hiton & Associates, and established himself as a local expert in appraisals, real estate tax assessments, portfolio assessments, and commercial real estate lending consultation.

Hiton is an Illinois-certified residential appraiser and real estate broker, as well as a member of several national organizations including the American Institute – Affiliate Member, the National Association of Independent Fee Appraisers – IFAS Designated, and the Illinois Association of Certified Real Estate Appraisers (IACREA). Rick was the 2015 President of the Illinois Coalition of Appraiser Professionals – ICAP, the largest appraisal political group in the United States. Rick is also licensed certified residential appraiser in Colorado.

Rick has earned the national certification as a LEED Green Associate from the USBGC. He has also completed the Solar Valuation (Residential & Commercial Valuation) from the Appraisal Institute. These two certifications establish him as an Expert in the valuation of Green Properties. Rick is available to provide consulting services relating to Green Properties and Solar Valuation throughout the country.

Hiton and Associates provides appraisal reports for all major property types, including residential, multi-family, commercial, industrial, and vacant land. They also provide valuation services for tax assessment reviews, divorce – property division and dissolution, estate planning, litigation, and more. All appraisal reports and consultations are performed in strict compliance with the industry standards including the Uniform Standards of Professional Appraisal Practice.

Professional Memberships:
  • North Shore-Barrington Association of REALTORS
  • Illinois Association of Certified Real Estate Appraisers
  • Denver Metrolist
  • Illinois Coalition of Real Estate Appraisers (ICAP-Vice President)

Professional Affiliations:
  • Illinois Certified Residential Appraiser
  • Colorado Certified Residential Appraiser
  • LEED Green Associate
  • National Association of Independent Fee Appraisers
  • FHA (HUD), Lender Roster of Appraiser
  • Appraisal Institute
  • American Association of Certified Appraisers
  • Employee Relocation Council
  • Licensed Real Estate Broker, State of Illinois