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SCOTT LEPMAN, SRA, RM

QUALIFICATIONS OF THE APPRAISER

Scott Lepman is an independent fee appraiser. Since 1983, Scott has been a self-employed full-time appraiser. Prior to this, he was employed with Reich, Saunders & Associates in Eugene, Oregon (1982-1983). He also held the position of Property Appraiser III for the Linn County Assessor, Albany, Oregon for four years (1978-1982). Prior to this position, he was employed as a fee and staff appraiser for various clients and financial institutions in the greater San Diego County area in California (1977-1978).

He is licensed to appraise property in the State of Oregon. He is also certified to appraise for taxation purposes in the State of Oregon.

EDUCATIONAL BACKGROUND

B.A. degree in Economics, University of California, completed in the winter of 1977, Berkeley, California

Course 101, Society of Real Estate Appraisers, “An Introduction to Appraising Real Property,” completed in the summer of 1979, San Diego, California

Course 201, Society of Real Estate Appraisers, “Appraising Income Properties,” completed in the spring of 1981, Eugene, Oregon

Capitalization Theory Part A, American Institute of Real Estate Appraisers, completed in the fall of 1988, Billings, Montana

Capitalization Theory Part B, American Institute of Real Estate Appraisers, completed in the fall of 1988, Billings, Montana

Case Studies, American Institute of Real Estate Appraisers, completed in the fall of 1988, Portland, Oregon

R-2 Exam, Society of Real Estate Appraisers, taken and passed in the summer of 1981, Sacramento, California

Demonstration Appraisal Report course, Society of Real Estate Appraisers, submitted and passed in the winter of 1984, San Antonio, Texas

EDUCATIONAL SEMINARS:

Market Feasibility Analysis, Society of Real Estate Appraisers

Condemnation Principles, American Institute of Real Estate Appraisers

Discounted Cash Flow Analysis, American Institute of Real Estate Appraisers

Professional Practices and Ethics, American Institute of Real Estate Appraisers

R41 b Seminar, Society of Real Estate Appraisers

R41 c Seminar, Society of Real Estate Appraisers

Cost Seminar, American Institute of Real Estate Appraisers

URAR Seminar, Society of Real Estate Appraisers

Professional Practices and Ethics Update, American Institute of Real Estate Appraisers

Financial Institutions Reforms, Recovery, and Enforcement Act of 1989, (FIRREA), Office of Thrift Supervision, Department of the Treasury

Feasibility and Highest and Best Use for Non-Residential Properties, Appraisal Institute

Standards of Professional Practice Update, American Institute of Real Estate Appraisers

Capitalization Theory and Techniques, Part A, American Institute of Real Estate Appraisers

Basic Valuation Procedures, Parts 1A-2, 1B-B, American Institute of Real Estate Appraisers

Report Writing and Valuation Analysis, Appraisal Institute

Discounted Cash Flow Analysis, Appraisal Institute

Fannie Mae/U.R.A.R. Seminar, Appraisal Institute

Standards of Professional Practice, Parts A & B, Appraisal Institute

USPAP: State Rules and the Appraiser, Appraisal Institute

Subdivision Analysis, Appraisal Institute

USPAP, Recent Revisions Seminar, Appraisal Institute

Non-Urban Properties, PGP Seminars

Profits in Rental Property Management, Multifamily Housing Council of Oregon

FHA Appraiser Instructions, Acheson Appraisal Service

Land Use Law Update in Oregon, National Business Institute, Inc

Wetlands and Their Relation to Residential, Commercial and Industrial Properties and the Mitigation Bank, Appraisal Institute

11430 – Standards of Prof. Practice, Part C, Appraisal Institute

’97 Legislative Conference Report, Multifamily Housing Council of Oregon

Loss Prevention Seminar, Appraisal Institute

Appraisal in the 21st Century, A Fannie Mae Update, Appraisal Institute

The Changing Appraisal Market: “A Client Perspective”, Appraisal Institute

F.H.A. Update, Acheson

Linn County Planning & Building Department & LCDC, Key Title Company

Westside Real Estate Forecast, US Bank Commercial Real Estate & Appraisal Institute

Appraisal of Non-Conforming Uses, Appraisal Institute

Profits in Rental Property Management, Multifamily Housing Council of Oregon

General Demonstration Appraisal Report Writing, Appraisal Institute

Income Valuation of Small, Mixed Use Properties, Appraisal Institute

FHA Update, Appraisal Institute

Real Estate Fraud & The Appraiser’s Role, Appraisal Institute

Apartment Appraisal Concepts & Applications, Appraisal Institute

Serving the Client: App. & Use of the Streamlined Appraisal Process, Appraisal Institute

Appraising Manufactured Housing, Appraisal Institute

7 Hour National USPAP Update Course, Bratton Appraisal Group, LLC

The Portland Real Estate Investment Market – A Panel Discussion, Appraisal Institute

Legal and Professional Appraisal Valuation Topics, Oregon Society of Farm Managers and Rural Appraisers

Loss Prevention Program for Real Estate Appraisers, Liability Insurance Administration

Bethany Village Properties Tour and Seminar, Appraisal Institute

15 Hour USPAP Course, Appraisal Institute

7 Hour USPAP Update, Appraisal Institute

Business Practices & Ethics, Appraisal Institute

Self Storage Economics, April, 2006, Appraisal Institute

Litigation Appraising, September, 2006, Appraisal Institute

7 Hour National USPAP Course, October, 2006, Appraisal Foundation

Legal Aspects of Condo & HOA, February, 2007, Lorman Business Center, Inc.

30th Annual Real Estate & Economics Symposium, November, 2007, UC Berkeley Fisher Center

Loan Workout & Collateral Liquidation, January, 2008, Lorman Education Services

Inside Self-Storage Expo, February, 2008, Self-Storage Training Institute

Real Property Foreclosure and Repossession, April, 2008, Lorman Education Services

7-Hour National USPAP Update Course, April, 2008, Appraisal Institute

FHA/REO Appraisal: Appraisal of Residential Property Foreclosure, October, 2008, Appraisal Institute

Loss Prevention, November 2008, Appraisal Institute

31st Annual Real Estate & Economics Symposium, November, 2008, UC Berkeley Fisher Center

Inside Self-Storage Expo, January, 2009, Self-Storage Training Institute

New Residential Market Conditions Form, March, 2008, Appraisal Institute

32nd Annual Real Estate & Economics Symposium, November, 2009, UC Berkeley Fisher Center

The Impact M66 & M67 on You, Your Business and Our Community, January, 2010, Willamette Valley Multiple Listing Service

Fair Housing, January, 2010, Metro Multifamily Housing Association

7-Hour National USPAP Update Course, January, 2010, Appraisal Institute

Inside Self-Storage World Expo, March, 2010, Self-Storage Training Institute

Business Practices and Ethics, March, 2010, Appraisal Institute

Appraising FHA Today, October, 2010, Education by McKissock

33rd Annual Real Estate & Economics Symposium, November, 2010, UC Berkeley Fisher Center

FHA 203K Appraisal Training, December, 2010, LandSafe Real Estate Closing Services

Enhanced Desk Review Training, February, 2011, LandSafe Real Estate Closing Services

15-Hour National USPAP Equivalent Course, March, 2011, Appraisal Institute

Introduction to Green Buildings: Principles & Concepts, December, 2011, Appraisal Institute

Supporting Adjustments, February, 2012, Armbrust & Associates

Appraisal Summit & Expo, October, 2012, Columbia Institute

National Association of Realtors Ethics Class, December 2012, NAR

Advanced Education Diagnostic Test, January 2013, Appraisal Institute

7-Hour National USPAP Update Course – 1400, February 2013, Appraisal Institute

Advanced Market Analysis and Highest & Best Use, May 2013, Appraisal Institute

Uniform Appraisal Dataset Aftereffects: Efficiency vs. Obligation, May 2013, Appraisal Institute

Advanced Concepts & Case Studies, October 2013, Appraisal Institute

2014-2015 15-Hour National USPAP Course, April 2014, Appraisal Institute

Supervisor-Trainee Course for Oregon, June 2014, McKissock