R.J. Schmitt & Associates, Inc.
903 Fox Glen
Barrington, IL 60010
Phone: (224) 848-4330
Fax: (224) 848-4329

Raymond J. Schmitt, MAI, SRA

Phone: (224) 848-4330, Ext. 225

QUALIFICATIONS

EDUCATION:
William Rainey Harper College, Real Estate Major; has taken and passed all examinations required for the MAI and SRA designations as well as the Illinois State Certified General Examination. Has taken various courses and seminars on Real Estate and Real Estate Valuation sponsored by The Appraisal Institute, and NAIFA. Some of the more recent classes/seminars include Industrial Valuation, Residential design and functional utility, Fair Lending, Valuation of Detrimental Influences, Case Studies in Residential Highest & Best Use, Partial Interest Vajuation, Appraising High Vaiue & Historic Homes, Uniform Standards of Appraisal Practice, When Good Houses go Bad, Business Practice and Ethics, Scope of Work, Appraising Convenience Stores, all sponsored by The Appraisal institute.

AFFILIATIONS:
Member, Appraisal Institute (MAI), and Senior Residential Appraiser (SRA), and Registered Illinois State Certified General Real Estate Appraiser, License Number: 153.0000494.

1992 President - Chicago Chapter National Association of Independent Fee Appraisers.
1989-1995 - Board of Directors, Chicago Chapter National Association of Independent Fee Appraisers.

EXPERIENCE:
President and Appraiser
R.J. Schmitt & Associates, Inc. Has made appraisals on various types of properties inciuding residential, retail, office, industrial, mixed-use and special-use. These properties were primarily situated in the Chicago Metropolitan Area.

QUALIFIED-WITNESS:
Circuit Court of Cook County and Circuit Court of Lake County.

APPRAISAL CLIENTS:
Various Savings and Loan Associations, Banks, Credit Corporations, Corporations, Employee Transfer Companies and Attorneys.

CONTINUING EDUCATION:
The Appraisal Institute has a mandatory program of continuing education for designated members. Those who meet the minimum standards of the program are considered to have re-certified. As of the date of this report, I, Raymond J. Schmitt, MAI, SRA have compieted the requirements of the condnuing education program of the Appraisal Institute.