D. F. Davis Real Estate, Inc.

David F. Davis, MAI

D. F. DAVIS REAL ESTATE, INC
David F. Davis, MAI

Qualifications

APPRAISAL EXPERIENCE

02/86 - Present
Independent Real Estate Appraiser and Consultant. President, D.F. Davis Real Estate, Inc., specializing in appraisals of proposed construction and development projects.

06/84 - 01/86
Vice President, Diversified Equity Investments, Inc., a real estate development firm. Specialized in acquisitions, construction, leasing and property management.

06/83 - 05/84
Appraisal Officer, Wells Fargo Real Estate Industries Group. Specialized in major proposed commercial and residential projects.

10/77 - 05/83
Union Bank - Appraisal Officer. Similar experience to Wells Fargo.

05/76 - 10/77
F.M. Tarbell Company, residential real estate sales.

EDUCATION

San Diego State University, B.S. Degree in Business Administration with an emphasis in Real Estate, 1977.

Appraisal Institute - Courses and Seminars:

Year	Course Titles
2006	7-Hour National USPAP Update Course
2005	San Diego Economic Forecast; San Diego Apartment and Housing Seminar; Luxury Home Trends in San Diego
2004	Applying Economic Forecasts Update; Valuation of Unique Properties Seminar; Unleash the MLS; Business Practices and Ethics; Operating Expense Seminar; Advanced Appraisal Refresher; 7-Hour National USPAP Update Course; San Diego Apartment & Housing Seminar
2003	Evaluating Commercial Construction
2002	Emerging Demands on R&D and Office; The Environmental Scan; Applying Economic Forecasts Update
2001	Applying Economic Forecasts - Update; Gramm-Leach-Bliley Act; Mid-Year San Diego Economic Forecast
2000	Applying Economic Forecasts - Update
1999	Operating Expense; What Does It Cost To Operate That Building
1998	Standards of Professional Practice, Part C; Valuation of Detrimental Conditions in Real Estate
1997	Apartment Seminar Update; An Overview of the FHA HUD 203(k) Program; Property Profile of Operating Expense
1996	Market Analysis from the Buyer’s Viewpoint; Attorneys, Appraisers and Real Estate
1995	Marketing Your Appraisal Services Effectively; Federal and State Laws and Regulations Workshop
1994	Understanding Limited Appraisals and Appraisal Reporting Options - General; Fair Lending and the Appraiser; How to Verify Market Data
1993	Basic Income Capitalization; Standards of Professional Practice Parts A and B

American Institute of Real Estate Appraisers - Courses and Seminars:

Year	Course Titles
1990	Residential Valuation; Standards of Professional Practice
1988	Standards of Professional Practice Update; Discounted Cash Flow Analysis
1987	Litigation Valuation; Industrial Valuation
1986	FHLBB R41b Requirements
1985	Subdivision Analysis
1983	Financial Calculator HP 38E/12C
1982	Standards of Professional Practice; Litigation Valuation
1981	Case Studies in Real Estate Valuation; Real Estate Analysis and Report Writing

Society of Real Estate Appraisers and Appraisal Institute - Courses and Seminars:

Year	Course Titles
1982	Applied Income Property Valuation
1981	Cash Equivalency Analysis
1978	Principles of Residential Appraisal; Principles of Income Property Appraisal

PROFESSIONAL

MAI Designation:
Appraisal Institute, formerly the American Institute of Real Estate Appraisers, Certificate No. 6892 (since 1984)

State Certification:
California Certified General Real Estate Appraiser - State of California - Certificate No. AG002752, expires August 14, 2006

Admissions Committee: American Institute of Real Estate Appraisers 1985-87; Vice Chairman, 1988; Chairman, 1989 and 1990; Appraisal Institute since 1991, Admissions Coordinator, General Appraisal category, 1991

Appraisal Institute:
San Diego Chapter:
1991 Director
1992 Treasurer and Member, Board of Directors
1993 Secretary and Member, Board of Directors
1994 Second Vice President and Member, Board of Directors
1995 First Vice President and Member, Board of Directors
1996 President and Member, Board of Directors
1997 Past President and Member, Board of Directors
2001-Present Member, Board of Directors

San Diego Board of Realtors:
Affiliate member 1984-1989, Realtor member since 1989

Real Estate Broker:
Licensed in the State of California since 1978 (held salesman license 1976-1977)

Expert Witness:
San Diego Superior and Municipal Courts and U.S. Bankruptcy Court (San Diego and Orange County)

Advisory Committee:
Member, University of San Diego Real Estate Institute Commercial Real Estate, now Burnham-Moores Center for Real Estate, Advisory Committee since 2001

College Professor:
Adjunct professor, University of San Diego (Business 328 Commercial Real Estate Valuation) since January 2006.