Terry L. McClimans, SRA

Appraisal Institute

Appraisal Institute Training Requires 100 hours of approved continuing education for designated members during every five year Appraisal Institute cycle. Current cycle is January 1, 2010 to December 31, 2014.

Education Hours required by the Appraisal Institute January 1, 2010 to December 31, 2014 – 100 every five years / Hours Obtained 68

2010 Economic Overview & Forecast: Colorado Economic & Residential & Commercial Market Update / 3 hours

2010-2011 Uniform Standards of Professional Appraisal Practice 03/19-20/2010 – 15 Hours

Appraising Distressed Commercial Real Estate: Here we go Again 6/3/2010 – 7 Hours

Business Practices and Ethics 6/25/2010 – 7 Hours

Residential Site Valuation and Cost Approach 2/10-11/2011 – 15 Hours

Online FHA and The Appraisal Process 03/28/2011 – 7 Hours

Online Residential Design & Functional Utility 03/30/2011 – 7 Hours

Online Residential Property Construction and Inspection 04/07/2011 – 7 Hours

State of Colorado Real Estate Commission:

Appraisal License expiration date 12/31/2012 / Educational hours required by State of Colorado – 42 Hours / Hours Obtained - 68

2010 Economic Overview & Forecast: Colorado Economic & Residential & Commercial Market Update / 3 hours

2010-2011 Uniform Standards of Professional Appraisal Practice 03/19-20/2010 – 15 Hours

Appraising Distressed Commercial Real Estate: Here we go Again 6/3/2010 – 7 Hours

Business Practices and Ethics 6/25/2010 – 7 Hours

Residential Site Valuation and Cost Approach 2/10-11/2011 – 15 Hours

Online FHA and The Appraisal Process 03/28/2011 – 7 Hours

Online Residential Design & Functional Utility 03/30/2011 – 7 Hours

Online Residential Property Construction and Inspection 04/07/2011 – 7 Hours

The 7 hour USPAP Update Course is needed every other year.

Previous education:

Appraisal Institute Classes and/or seminars attended from 1988 to current date

Standards of Professional Appraisal Practice /1988

Residential Valuation /1988

Accrued Depreciation /1988

Cash Equivalency /1988

Appraiser and Eminent Domain Litigation /1988

Appraisal Principles /1989

Basic Valuation /1989

Capitalization Theory and Technique - A /1989

Capitalization Theory and Technique - B /1989

Forecasting Real Estate Demand /1990

Appraisal Reporting of Complex Residential Properties /1993

Residential Demonstration Appraisal Report Writing Seminar /1993

New Uniform Residential Report (URAR) Seminar /1993

Standards of Professional Appraisal Practice /1994

Performing HUD Appraisals /1994 – U. S. Department of Housing and Urban Development

Understanding Limited Assignments /1995

Appraising Condominiums /1996 – University of Colorado at Boulder

Sales/Data Confirmation /1998 – University of Colorado at Boulder

Time Trending & Market Change Adjustments /1998 – University of Colorado at Boulder

Uniform Standards of Professional Appraisal Practice Update /1998

FHA Home Buyer Protection Plan and Appraisal Practice/1999

Standards of Professional Appraisal Practice/1999

Calculating Gross Living area using ANSI Standards (IFA)/2000

Principles and Techniques of Appraisal Review April 2001 / National Association of Review Appraisers (8 hours)

Principles of Appraisal Review, July 2002 / Lincoln Graduate Center (8 hours)

Uniform Standards of Professional Appraisal Practice August 25-26, 2003 / Appraisal Institute (16 hours)

*****

License expiration date 12/31/2006 Educational hours required – 42 Hours / Hours Obtained 42

Understanding Relevant Characteristics in Real Property, March 5, 2004 / National Association of Independent Fee Appraisers (8 hours)

Appraising Manufactured Housing, July 2004 / Appraisal Institute (7 hours)

Right of Way Acquisition Process for Federally Funded Projects August 6, 2004 Appraisal Institute (2 hours)

FHA and the Real Estate Market August 6, 2004 Appraisal Institute (2 hours)

Appraising the Oddball: Non-Conforming & difficult Properties, September 14, 2004 / McKissock, Inc. (8 Hours)

The Professional’s Guide to the Uniform Residential Appraisal Report (URAR) / July 20, 2005, Appraisal Institute (7 Hours)

Colorado Board of Real Estate Appraisers Update 12/2/05, Stuart Leach (1 Hour)

National Uniform Standards of Professional Appraisal Practice (USPAP) Update Course (7 Hours)

*****

License expiration date 12/31/2009 Educational hours required – 42 Hours / Hours Obtained 95

Underwriting the FHA Appraisal / U.S. Department of HUD FHA / April 11, 2007 - 7 hours

National Uniform Standards of Professional Appraisal Practice (USPAP) 7 Hour National Update Course / Kaplan Professional Schools / September 5, 2007

Prime Access Search / Metrolist / July 9, 2008 / 3 hours

Prime Access CMA / Metrolist / July 28,, 2008 / 3 hours

Residential Report Writing & Case Studies / Appraisal Institute / 9/30/2008 & 10/1/2008/ 15 hours

Business Practice and Ethics / Appraisal Institute / 10/09/2008 / 8 credits

1004MC Market Conditions Addendum – Problems and Solutions – Wintotal – No CE Credit

7-Hour National USPAP Update Course – Appraisal Institute / 5/14/2009 / 7 Hours

Advanced Residential Applications and Case Studies/Part 1 – Appraisal Institute / July 8, 2009 / 15 Hours

Advanced Residential Applications and Case Studies/Part 2 – Appraisal Institute / July 10, 2009 / 30 Hours

Summary

Thirty-two years of real estate experience including twenty-four years of appraisal experience involving single family residential properties, commercial and industrial properties for Realtech Properties, Inc., Aries Compass Group, Inc., Richard Klamper and Associates (now operating as Benchmark Appraisals, Inc.) and various commercial banks and savings and loans.

Email Address – terry@realtechproperties.com