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Qualifications of Terry L. Evans, IFAS, IR/WA

TERRY EVANS, IFAS, SR/WA 931-593-3777 (Voice)

71 Driftwood Lane 931-593-3748 (Fax)

Lobelville, Tennessee 37097 tevans@terryevans.com (e-mail)

APPRAISAL CERTIFICATION - State General Certified Appraiser, State of Tennessee holding certificate #CG-74.

REAL ESTATE EXPERIENCE – Previously a licensed real estate broker in the State of Tennessee for 30 years. Brokered real estate or participated in the brokerage of real estate in 18 states. Broker’s license retired 2005.

APPRAISAL EXPERIENCE - Written appraisals on real property, industrial machinery, personal property and inventories of all types in 33 states within the past 20 years. The appraiser has 33 years of experience in appraising real estate. Majority of real estate appraisals have been performed on commercial, industrial, agricultural, and development properties. Most of the personal property appraisals have been performed on industrial and commercial fixtures, furniture, equipment and machinery.

COURT APPEARANCES - Has appeared in county, state and federal court for expert testimony as it relates to values of real property and personal property.

EDUCATION - Graduate of Lawrence County High School, Lawrenceburg, TN, 1966. Graduated from Nashville Auction School, 1968. Attended Martin College, Pulaski, TN, 1966-68. Bachelor of Science Degree, Trevecca Nazarene College, 1991. Accumulated 488 hours of appraisal education from various appraisal associations. (The appraiser has some non-traditional degrees that were posted on the appraiser's qualifications in the 1980's but are no longer displayed by decision of the appraiser).

REAL ESTATE TEACHING - Have been instructor on real estate and machinery for Nashville Auction School, Columbia, TN, since 1969. Instructor on the appraisal of real estate for Floyd College, Rome, GA. Instructor on appraisal subjects for Columbia State Community College, Columbia, TN. Instructor on real estate appraisal subjects for Evans Education Center and National Association of Independent Fee Appraisers.

POSITIONS HELD - Senior appraiser for Terry Evans & Associates, 71 Driftwood Lane, Lobelville, TN.

PROFESSIONAL DESIGNATIONS - Has senior membership in the National Association of Independent Fee Appraisers, St. Louis, Missouri, and holds the IFAS designation. Senior membership in the International Right-of-Way Association and holds the SR/WA designation. (The appraiser was previously designated by the Organization of Professional Real Estate Appraisers, a regional organization, from 1982 to 1991. The Organization of Professional Real Estate Appraisers merged with the National Association of Independent Fee Appraisers in 1991).

PROFESSIONAL ORGANIZATIONS - National Association of Independent Fee Appraisers and International Right of Way Association.

PERSONAL ACCOMPLISHMENTS - Served two terms as President of the Board of Realtors, 1976 and 1982. Delegate, Floor Leader, and Chairman of Calendar and Agenda Committee for the 1977 Limited Tennessee Constitutional Convention, Nashville, Tennessee. Past State Vice-President of the Tennessee Jaycees. Committee Chairman for the 1978 and 1981 Senior Babe Ruth World Series. Past President of the Tennessee Auctioneers Association. Past President of Columbia Main Street, 1991. Tennessee State Director for National Association of Independent Fee Appraisers for the years 1992-93, 1993-94, 1995-96, 1998-99, 2004, 2005 and Regional Governor 1996-97. Elected to the NAIFA Board of Directors in 1999 for three-year term. Selected as member of NAIFA By-laws Committee and Education Committee for 1999-2000. Chairman of the NAIFA Executive Vice-President Search Committee 2000. Member of Policy and Procedures Committee for 2002, and 2005. Selected Trustee of Perry County Library Board, 2004-2005 by Perry County Commission.

PARTIAL CLIENT LIST - Scott Paper Company, CIGNA Insurance Company, Federal Deposit Insurance Corporation, Resolution Trust Corporation, Jack Daniels Distillery, Hammermill Paper Company, East Tennessee Natural Gas, Columbia Power and Water System, Pulaski Electric System, City of Lawrenceburg, City of Dickson, City of Centerville, City of New Johnsonville, Robertson County Board of Education, Giles County Board of Education, Wilson County Board of Education, City of Winchester, City of Ethridge, Tennessee Department of Transportation, Small Business Administration, U.S. Department of Agriculture, Regions Bank, Community First Bank and Trust, First Bank, First Farmers and Merchants National Bank, Bank of Madison County, Community South Bank, SunTrust Bank, First State Bank, Bank of Perry County, First Citizens Bank, and Johnny Cash Estate.

APPRAISAL EDUCATION SUMMARY

Fundamentals of Real Estate Appraisal 30 hrs

Financial Analysis - HP12C 15 hrs

Introductions to Income Concepts 30 hrs

Techniques of Income Rate Development 30 hrs

Uniform Standards of Professional Appraisal Practice 15 hrs

URAR Reporting   15 hrs

Appraising Residences Techniques   22 hrs

Residential Review
15 hrs

Concepts, Terminology and Techniques 15 hrs

USPAP Review   8 hrs

Limited Scope Appraisals 8 hrs

Review of Marshall & Swift Cost Methods   4 hrs

Principals of Partial Acquisition – Engineering   24 hrs

Presentation Skills 16 hrs

Bargaining and Negotiation 16 hrs

Farm, Ranch, and Rural Appraisal 30 hrs

Statistics 30 hrs

American With Disabilities 4 hrs

Appraising Residences and Income Properties 21 hrs

Condemnation Appraising
15 hrs

Litigation Valuation: The Appraisers Role as an Expert Witness
15 hrs

Appealing Property Taxes in Tennessee 7 hrs

Uniform Standards of Professional Appraisal Practice (1998) 15 hrs

USPAP 1999 Appraisal Foundation Review
7 hrs

Tennessee Land Use Planning and Zoning
6 hrs

USPAP 2001 Review
8 hrs

Ethics and the Right of Way Profession
8 hrs

Uniform Relocation Act
8 hrs

Land Use Planning and Eminent Domain in Tennessee 7 hrs

Legal Aspects of Easements
8 hrs

Uniform Standards of Professional Appraisal Practice 15 hrs

USPAP 7 Hour Annual Review   7 hrs

Introduction to Environmental Issues   7 hrs

USPAP 2005 Review    7 hrs

Information Technology & The Appraiser
7 hrs

Developing & Growing an Appraisal Practice
7 hrs

Total Hours of Appraisal Education                                                           502 hours
502 hrs

APPRAISAL COURSES INSTRUCTED

Fundamentals of Real Estate Appraisal

Appraisal Report Writing

Uniform Standards of Professional Appraisal Practice

Electronic Data Interchange (EDI)

Partial Interests

Appraising Mobile Homes & Sites

Environmental Issues and Real Estate Appraisal

Appraisal Residences Techniques

Writing Narrative Appraisals

USPAP Review

Appraising Residences and Income Properties

Real Estate Descriptions

Concepts, Terminology and Techniques

A Working Guide to Real Estate Appraisals

Easements, Licenses, and Profits in Land

APPRAISAL COURSES WRITTEN

Appraisal of Partial Interests

Real Estate Descriptions

USPAP Review

A Working Guide to Real Estate Appraisals

Environmental Issues and Real Estate Appraisal

Understanding Legal Descriptions (2001)

Ethics for Real Estate Appraisers (2002)

Ethics and the Appraiser (2004)

NAIFA Ethics

Easements, Licenses, and Profits in Land

APPRAISAL ARTICLES PUBLISHED

Writing Narrative Appraisals to Meet USPAP Standards, 1994, NAIFA AppraiserGram

Evaluations vs. Appraisals, 1993, Real Estate Valuation Magazine

What Is It Worth?, 1983, The Auction Bottom Line

Member Contributions, 1999, NAIFA Appraiser Gram

Writing Appraisals to Meet USPAP, 2001, NAIFA AppraiserGram