QUALIFICATIONS OF W. F. (DUBB) SMITH, III, MAI, SRPA, SRA

William F. Smith, III, graduated with a Bachelors of Science degree from Texas A & M University, College Station, Texas. He is currently President of The W. F. Smith Company, 4161 E. Hwy. 290 West, Dripping Springs, Texas, 512-328-4330 (phone), 512-858-2097 (fax) and wfsmithco@austin.rr.com (email). Presently he is involved in the evaluation of commercial, residential, land, apartments, subdivisions, light industrial and special purpose properties. A partial resume of specific qualifications are outlined as follows:

Professional Memberships, Designations & LicensesMAI - Member of the Appraisal Institute – 1985

SRPA - Senior Real Property Appraiser - 1983
SRA - Senior Residential Appraiser - 1992
Texas Real Estate Brokers License #227484
Member of Texas Capitol Area Builders Association
State Certified General Real Estate Appraiser Certificate # TX 1321084-G
TREC Approved Real Estate School Instructor
Member Austin Board of Realtors
Member San Marcos Board of Realtors

 Education

B.S. Degree from Texas A & M University (Real Estate Economics, 1978)
AIREA Course 1A: Principles of Real Estate (1979)
SREA Course 201: The Appraisal of Income Properties (1981)
SREA Narrative Report Writing Seminar (1981)
SREA R-2 Examination (Residential Narrative Report Exam) (1981)
AIREA Course 4: Litigation Valuation Appraisal for Condemnation & Civil Proceedings (1981)
AIREA Course 2-1: Case Studies (1984)
AIREA Course 2-2: Valuation Analysis and Report Writing (1984)
AIREA Course 2-3: Standards of Professional Practice (1983)
AIREA: Comprehensive Examination (1984)
SREA Course 301: Market and Feasibility Analysis (1985)
UT Law School: Valuation of Assets in Bankruptcy Seminar (1988)
SREA: Standards of Professional Practice Seminar (1988)
AIREA: Mortgage Equity Analysis, Highest & Best Use and Cash Equivalency Seminars (1988)
AIREA: Course 2-3: Standards of Professional Practice (1989)
SREA: The Challenge of Measuring Economic Obsolescence (1989)
SREA: Standards of Professional Practice (1990)
UT Law School: Valuation of Assets in Bankruptcy Seminar (1991)
Austin Institute of Real Estate: Real Estate License Recertification (1992)
U.T. School of Law: Bankruptcy Seminar (1992)
Standards of Professional Practice Part B (1993)
U.R.A.R. Seminar (1994)
AI: Limited Appraisals (1994)
AI: Market Extractions (1994)
AI: Standards of Professional Practice, A&B (1995, 1996)
AI: Real Estate Trends (1998)
AI: Principles of Real Estate, Instructor (1998)
AI: Legal Update (1998)
AI: USPAP (2003)
Columbia Institute: Tax Free Exchange of Residential Property, No. 712 (2003)
Columbia Institute: CompuTaught Appraisal Methods, No. 940 (2003)
Columbia Institute: Basic Real Estate Finance, No. 814 (2003)
Champions School : Asset Management (2003)
Champions School : Fair Housing (2003)
Champions School : Environmental Hazards (2003)
RE Campus: Professional Property Management (2003)
AI: Appraisal Review Seminar (2005)
AI: USPAP 400 (2005)
AI: USPAP 420 (2005)

Experience

Mr. Smith has been actively engaged in the real estate profession since March 1977, when he began marketing commercial and residential properties. He has been engaged in the appraisal profession since January 1978. His previous employment affiliations include: The Bryan City Tax Office, Real Property Analysts Houston, and Executive Vice President of R. Robinson & Associates, Inc. He has operated his own appraisal services company since 1984. His experience entails commercial and residential appraisals, investment counseling, ad valorem tax valuations, and appraisals for condemnation proceedings. Mr. Smith is a qualified expert witness in District Court, State Court and Federal Bankruptcy Court.