QUALIFICATIONS OF APPRAISER
Gary W. Koutnik

FORMAL EDUCATION:

Bachelor of Business Administration, General Business Management, August 2005, Boise State University, Boise, ID.

Associates of Arts, General Business, August 2005, College of Southern Idaho, Twin Falls, ID.
Associates of Arts, Liberal Arts, April 2001, College of Southern Idaho, Twin Falls, ID.
Associates of Arts, Real Estate, December 2001, College of Southern Idaho, Twin Falls, ID.

REAL ESTATE AND APPRAISAL EDUCATION:

THE AMERICAN INSTITUTE OF REAL ESTATE APPRAISERS: Course VIII, Residential Valuation (1977). Course IV, Litigation Valuation (1981). Course 1B-A, Capitalization Theory and Techniques (1985). Course 1B-B, Capitalization Theory and Techniques (1985). Course 2-1, Case Studies in Real Estate Valuation (1985). Course 2-2, Valuation Analysis and Report Writing (1986). Course 2-3, Standards of Professional Practice (1986). Regulation R41-C Seminar (1987). Written Communications Seminar (1987). Environmental Law Issues Seminar (1991).

THE APPRAISAL INSTITUTE: ADA Seminar, (1993), URAR Seminar, (1993). Course 510, Advanced Income Capitalization, 05/94. 30 Specialized Appraisal Issues, 03/04/94. Maximizing the Value of an Appraisal Practice, 07/94. Current Issues and Misconceptions in the Appraisal Process, 07/94. Course 410 - Standards of Professional Practice, Part A, 09/94. Course 420 - Standards of Professional Practice, Part B, 10/94. Continuing Education Requirements met through 12/31/02. Financial Institution Review Considerations, 07/98. Regulation Compliance And Recent Proposed Changes in Idaho Law 07/98. Math Skills, Calculator and Graphical Interpretation 02/99. Income Approach and Partial Interests, 02/99. Sales Comparison Approach, 02/99. Special Purpose Properties, 09/99. Appraisal of Local Retail Facilities, 09/99. Standards of Professional Practice, Part C (Course II430), 06/2000, Appraisal of nonconforming property, 11/01. Land Value Adjustments, 04/03. Scope of Practice, 06/03, Residential Sales Comparison Approach (09/03) Rates and Ratios (09/03). Internet Search Strategies for Real Estate Appraisers (08/04). Overview of Real Estate Appraisal Principles (08/04). Appraising manufactured housing (05/05). The professionals guide to the URAR (09/05). Business Practices and Ethics (01/07).

THE SOCIETY OF REAL ESTATE APPRAISERS: Course 101, Principles of Real Estate Appraisal (1977). Course 201, Appraisal of Income Producing Properties (1977 and 1981). Course 202, Case Studies of Income Producing Properties (1981). Course 301, Special Applications of Appraisal Analysis (1983). Passed R-2 Exam (1977). Narrative Report Writing Seminar (1977). Cash Equivalency and Creative Financing (1981). Mobile Home Appraisal (1983). R41-C and The Appraiser (1987). Uniform Residential Appraisal Report Seminar (1987). Advanced Rural Appraisal, A-30 (1991).

AMERICAN SOCIETY OF FARM MANAGERS AND RURAL APPRAISERS: Advanced Rural Appraisal (1980), Mineral Appraisal Seminar (1981), Report Writing Seminar (1988). Mathematics of Finance, (1988). Principles of Rural Appraisal, A-20, (1989). Sales analysis seminar (1989). Environmental concerns affecting Real Estate, (1990). Certification School, A-45, (1991). Ethics and Standards, A-17, (1991). Completion of Continuing Education Requirements through 1996. Highest and Best Use Seminar, (01/93). 64th Annual Convention (11/93) Eminent Domain & Income Approach Seminar, (01/94). Current with Continuing Education Requirements through December 31, 1996. Revisions to USPAP (A-12) Part III, 08/19/94. Rural Residential Appraisal Class, 05/97. Water Resource-Law, Engineering and Technology and Farmer Mac, 01/99. ASFMRA Code of Ethics, 01/00. Uniform Standards of Professional Appraisal Practice - National USPAP Course, 01/00. Federal Land Exchanges & Acquisitions, 05/01. USPAP Update, 01/03. Preparing the Expert Witness, 01/03. Income Approach/Discounting & Leases, 05/03. Livestock/Ranch part 1-Analysis 05/05. Livestock/Ranch part 1-Valuation 05/05. Identifying Intangible Assets 05/06. National USPAP update, 01/07, ASFMRA Code of Ethics, 01/07. Minerals Appraisal, 05/07. Timber Valuation, 05/07. USPAP update 08/07.

IDAHO REAL ESTATE EDUCATION COUNCIL COURSES: The Essentials of Real Estate (1973); Real Estate Law(1974 & 1996); Real Estate Financing; Real Estate Marketing (1975); Real Estate Appraisal (1975); Real Estate Taxation(1975); Real Estate Syndication (1975), GRI course 100 (1975), and GRI 6th Course (1975). ). Business model training: systems & tools (05/05).

MARSHALL AND SWIFT: Residential, Industrial and Commercial valuation via the cost approach (1979).

INTERNATIONAL RIGHT OF WAY ASSOCIATION: Basic Right of Way Appraisal (1982), Narrative Report Writing Seminar (1982).

REALTORS® LAND INSTITUTE: Tax Deferred (1031) Real Property Exchanges (01/08).

OTHER COURSES: Contemporary Appraisal of Income Property (1984). Financial Management of the Closely Held Business (1984).

SUCCESSFUL EXAM CHALLENGES: A.I.R.E.A: Comprehensive Examination, 1990. Course 1A-1 (1985), Course 1A-2 (1985). A.S.F.R.A: Fundamentals of the Rural Appraisal (1987). Course 102, Applied Residential Property Valuation.

ASSOCIATION MEMBERSHIPS: Member, Southern Idaho Regional MLS.

LICENSES: Real Estate Salesman by the State of Idaho (1974). Real Estate Broker by the State of Idaho (1980). Certified Appraiser for tax and assessment purposes by the State of Idaho (1989). Certified Appraiser by the Idaho State Real Estate Appraiser Board, Certificate #2 (1991).

DESIGNATIONS: MAI, Member Appraisal Institute Certificate Number 8469, by the American Institute of Real Estate Appraisers, 1990. ARA, Accredited Rural Appraiser by the American Society of Farm Managers and Rural Appraisers. SRPA, Senior Real Property Appraiser by the Society of Real Estate Appraisers (1982). S.R.A. Senior Residential Appraiser by the Society of Real Estate Appraisers (1982). GRI, designation from the State of Idaho Association of Realtors (1975).

APPRAISAL EXPERIENCE: Real Estate Appraisal Trainee, Western Realty Company (1973). Real Estate Appraiser, Western Appraisal and Investment Company (1974). Senior Staff Appraiser, Western Appraisal and Investment Company (1975-1978). General Manager, Southern California Appraisal Company (1978). Manager, Western Appraisal and Investment Company (1979-1980). President, Western Appraisal Company (1981 to 1996). President, Western Appraisal & Investment Company, INC. (1996 to present).

COURT EXPERIENCE: Qualified as an expert witness and testified in State District courts, State Commissioner Courts, and Federal Bankruptcy Court.

PAST APPRAISAL AREAS: Appraised real estate of all types in Idaho counties of Twin Falls, Ada, Jerome, Cassia, Minidoka, Butte, Blaine, Custer, Gooding, Payette, Camas, and Elmore; Nevada county of Elko; Utah counties of Box Elder and Cache; California counties of Los Angeles, Orange, San Diego, Riverside and Ventura; Oregon county of Baker; and Arkansas county of Sharp.

CURRENT APPRAISAL AREAS: Currently Appraising real estate of all types in Idaho counties of Twin Falls, Jerome, Cassia, Minidoka, Gooding, Camas, and Elmore.

PROFESSIONAL SERVICES: South Idaho Chapter of the Society of Real Estate Appraisers: Secretary Treasurer (1983). Second Vice President (1984). First Vice President (1985). President (1986-1987). Chairman, Professional Practice Committee (1983-1985). Chairman, Candidate Guidance Committee (1983-1985). Program Chairman (1985). Attended: Young Advisory Council (1984) and Candidate Guidance Seminar (1984). Member, National Membership and Chapter Services Committee (1986,1987). Demonstration report grader, A.S.F.M.R.A. (1989), Appraisal review committee chairman, Idaho Chapter of A.S.F.M.R.A. (1989), Member Idaho Chapter A.S.F.M.R.A. Licensing and Certification Advisory Committee. The Southern Idaho Division of the Idaho Certified Real Estate Appraiser Board (1990-1993). Appraisal Institute member Regional Ethics Committee(1994).

CERTIFICATION:Under the Auspices of the Appraisal Institute, The State of Idaho, and the American Society of Farm Managers and Rural Appraisers programs of continuing education I am currently certified. AI: 12/31/12, ASFMRA: 12/31/08, State of Idaho: 04/03/08, Idaho State Tax Commission 12/31/10.

TYPES OF APPRAISALS: Individual narrative appraisals and analysis reports on all types of real estate. Subdivision analysis, Condo-PUD project analysis and feasibility studies. Residential properties from one to four family, individual condominiums, individual P.U.D.'s, individual townhouses, commercial and industrial type properties, vacant land and agricultural land (improved and unimproved), recreational properties. All types of condemnation valuations.