CERTIFICATIONS/AFFILIATIONS:

State Certified Residential Real Estate Appraiser (Certificate # TX-1322150-R)

Designated Member of the N.A.I.F.A - Member #3828 (National Association of Independent Fee Appraisers)

Texas Real Estate Commission Salesman License #316085

Member of the NAR Real Estate Appraisal Section

Member of the Houston Association of Realtors - (H.A.R.)

Member of the Employee Relocation Council - (E-R-C)

Appraisal Institute Market Data Center Advisory Board

EDUCATION:

Spring Branch High School, Graduated 1969

University of Houston

Houston Community College

COURSES:

N.A.I.F.A. - Principles of Real Estate Appraising N.A.I.F.A. - USPAP

S.R.E.A. - Narrative Report Writing Course # 203 - Real Estate Investments Course # 1311 - Real Estate Construction Course # - Marketing Mechanics

Course # 1341 - Co-Op Property Management Course # 102 - Real Estate Mathematics

Course # 2337 - Real Estate Inspections Course # 1312 - Real Estate Finance

Course # 2301 - Residential Real Estate Appraising

Various Related Seminars and Conventions

APPRAISAL EXPERIENCE:

1983 - 1985 - Travis Whitaker Company (Appraiser)

1985 - 1986 - Catechis and Associates (Appraiser)

1986 - 1987 - Woodard & Associates (Appraiser)

1987 - 1987 - Drew Mortgage Co. (Staff Appraiser)

1987 - Cotrone & Associates (Owner/Appraiser)

1992 - Certified Appraisers, Inc. (Appraiser)

WORK EXPERIENCE:

Work experience includes residential and commercial appraisals in the Houston Metropolitan area and surrounding counties. Examples of appraisals preformed include the following:

* Over 3,500 residential appraisals including single family detached homes, town homes, condominiums, two to four family properties and resort properties in the Greater Houston and surrounding areas

* Commercial property appraisals including marinas, resort properties, restaurants, auto repair facilities, medical clinics, apartments, raw land, office buildings, industrial plants and warehouses

FINANCIAL REFERENCES:

Ms. Barbara Fisher RMC Financial Services 10700 Richmond Ave. Houston, Tx. 77042 713-975-7283	Ms. Rhonda Stanley Federal Deposit Insurance Corporation 7324 Southwest Frwy., #1600 Houston, Tx. 77074 713-975-7283
Ms. Donna Tanzin Prudential Relocation Management 2500 Citywest Blvd., #400 Houston, Tx. 77042 713-781-2500	Ms. Melinda Lolley Charter Bank - Willowbrook 7915 West FM 1960 Cypress, Tx. 77429 713-890-4040
Mr. Jim Meek Fort Worth Mortgage 2600 West Frwy. Ft. Worth, Tx. 76102 1-800-937-6001	Mr. Louis Cline Fort Worth Mortgage 400 East Anderson Ln. Austin, Tx. 78752 512-837-3411
Mr. Mel Nichols PHH US Mortgage 55 Haddonfield Rd. Cherry Hill, N.J. 08002 800-446-0963	Mr. Lon Hill P.O. Drawer 126 Dime Box, Texas 77853 409-884-2534
Ms. Cindy Zigal Shell Federal Credit Union 301 East 13th Street Deer Park, Texas 77536 713-479-2886	Ms. Karen Hoffman National Bank of Conroe 3103 West Davis Conroe, Teas 77304 713-350-2265

NATIONAL ASSOCIATION OF INDEPENDENT FEE APPRAISERS:

The National Association of Independent Fee Appraisers (NAIFA) is a nationally recognized professional appraisal organization with a highly respected and distinguished reputation. It is one of the eight major charter member appraisal organizations of the Appraisal Foundation. NAIFA is the first and only professional Appraisal organization ever to receive the prestigious Real Estate Educators Associations Award (R.E.E.A.) for educational excellence, which is usually earned only by colleges. NAIFA's educational program was declared by R.E.E.A. to be the most outstanding educational program in the nation.

The National Association of Independent Fee Appraisers was founded in 1961 as a non-profit, professional society of real estate appraisers and is incorporated under the laws of the State of Arizona. Today the Association has chapters throughout the United States and Canada and continues to grow not only in number, but also in stature.

The Association's objectives are to raise the standards of the profession, gain recognition for its members as qualified appraisers and promote fellowship amongst all appraisers. These objectives further afford reasonable assurance to the public of the professional skill, integrity and responsibility of the membership.

The N.A.I.F.A. has earned public respect to the extent that millions of assignments have been awarded to members since the organization was formed. The designations of the N.A.I.F.A. are recognized by many very highly respected organizations. The programs and services of N.A.I.F.A. are concerned with retaining and increasing this public trust and acceptance. Members of the Association are comprised of full-time professional real estate appraisers and others in related fields, such as real estate, banking, construction, governmental agencies and savings and loan associations. There are five levels of membership in the N.A.I.F.A.

Associate Non Voting

Candidate Non Voting

Member IFA Designation

Agricultural Member IFAA Designation

Senior Member IFAS Designation

Appraiser-Counselor IFAC Designation

To thoroughly check the required qualifications of the appraiser, the National Association of Independent Fee Appraisers conducts a professionally recognized testing certification program. To achieve any of the three member designations, the appraiser is required to succeffulyy complete certain written examinations, submit narrative demonstration reports and meet the specific experience requirements. In addition, each member pledges to uphold the Code of Ethics which emphasizes standards in detail fo professional practice. A copy of the Code of Ethics is provided on the following pages.

In order to retain a member designation, each member is required to complete courses of continuing education in the appraisal profession. The N.A.I.F.A. commitment to providing such courses is perhaps its number one program. These courses are conducted at colleges and other facilities throughout the United States.