Kendall Appraisal Group, Inc. Janet L. Capelle, ARA, MFLA, MSA. Page

QUALIFICATIONS OF THE APPRAISER

Janet L. Capelle, ARA, MFLA, MSA

2003 to Present:

Kendall Appraisal Group, Commercial fee appraiser specializing in agricultural appraisals.

1993 to 2003

Ag Credit, ACA (Farm Credit System) Staff Agricultural Appraiser

APPRAISAL EDUCATION:

Hondros Career Center

Real Estate Principles & Practice, Law, Finance, & Appraisal

Appraising Small Residential Income Properties

National Residential Appraisers Institute

Uniform Standards of Appraisal Practice

Single Family Residential

The American Society of Farm Managers and Rural Appraisers

Fundamentals of Rural Appraisals (A-10)

Principles of Rural Appraisal (A-20)

ASTM Transaction Screening Applied To Agricultural Properties

Appraising Swine & Dairy Facilities

Land Use Planning and Zoning

Income Capitalization (A-27)

Highest & Best Use (A-29)

Farmland Preservation

Rural Business Valuation

Large Farm Expansion

Fractional Interests

Large Livestock Farms

The Appraiser as Expert Witness

Government Programs & Rural Real Estate Markets

Appraising Conservation Easements

National Uniform Standards Update

Eminent Domain (A-25)

Advanced Rural Appraisal (A-30)

PROFESSIONAL DESIGNATIONS:

The American Society of Farm Managers and Rural Appraisers

Designation: ARA - Accredited Rural Appraiser

National Association of Master Appraisers

Designations: MFLA - Master Farm and Land Appraiser

MSA - Master Senior Appraiser

STATE CERTIFICATION - GENERAL APPRAISER

State of Ohio, Certified Real Estate Appraiser, General Appraiser, Classification GA.

CLIENTS

Numerous financial institutions, government entities, various individuals and attorneys.