N.K. Andersen Associates

3040 State Street - Suite D

Santa Barbara, CA 93105

(805) 687-3522 - (805) 682-8392 FAX

Certified General Real Estate Appraiser

State of California #AG006569

COLLEGE LEVEL EDUCATION PROGRAMS AND REAL ESTATE APPRAISAL-RELATED SEMINARS:

*Real Estate Appraisal

*Real Estate Law

*Business Law

*Economics 101

*Real Estate Finances

*Real Estate Practices

*Building Design

*Architectural Drafting

*Avocado Seminar - Dr. Goodell

*Accounting

*Tax Aspects of RE Counseling

*Intro to URAR Form

*Practical Aspects of RE Syndication

*Cash Equivalency & Creative Financing

*The Court and the Appraiser Seminar

*Anatomy of Resid. Housing Seminar (1989)

*Environmental Hazards (1990)

*RE Valuation in Santa Barbara Co. (1990)

*Licensing & Certification (1990)

*OTS/FNMA Appraisal Guidelines (1991)

*45 Hour Calif. RE Broker Recert. (1992)

*Apartment Building Seminar (1992)

*Rate Extraction (1992)

*Feasibility&Highest Best Use-Resid.(1992)

*Appraiser as Expert Witness (1992)

*Appraising Apartments (1992)

*Relocation Appraisal Seminar (1992)

*1993 Resid. Appraisal Guidelines (1993)

*State of the Art of Appraisal (1993)

*The new URAR and FIRREA (1994)

*MGIC Mortgage Insurance (1994)

*Critical Building Inspections (1994)

*Appraisal Business Management (1994)

*The URAR According to USPAP (1994)

*Understanding Limited Appraisals (1994)

*Fed/State Laws/Regs for Appraisers (1995)

*Fair Lending and the Appraiser (1995)

*New FNMA 2-4 Unit & Condo Forms (1995)

*Fair Housing (1996)

*Agency (1996)

*Ethics & Legal Aspects of R.E. (1996)

*Trust Fund Accounting (1996)

*Selling Business Opportunities I (1996)

*Alternative SFR Reporting Forms (1997)

*Detrimental Conditions (1997)

*Selling Business Opportunities II (1997)

*Litigation Skills (1997)

*31st Annual Litigation Seminar (1998)

*OREA Federal + State Laws & Regulations Workshop (1999)

*Appraising High Value & Historic SFR (1999)

*Technical Insp. of Resid. Real Estate (1999)

*Single Tenant Net Leased Properties (1999)

*Commercial Real Estate Financing (1999)

*Appraisal of Non-Conforming Uses (2000)

*Statistical Methods For Residential Analysis (2000)

*Direction of the Appraisal Industry (2000)

*High-End Residential Appraisal (2000)

*45 Hour California Real Estate Broker Re certification (2000)

*Dynamics of Office Building Valuation (2001)

*Ventura/Santa Barbara Market Trends Seminar (2003)

*The Internet and The Appraiser (2003)

*Residential Appraiser Liability Seminar (2004)

*Completing the URAR Form Seminar (2004)

*Panelist - "Ask The Appraiser" SB MLS (2004)

*Ventura/Santa Barbara Market Trends Seminar (2004)

*SB & Ventura County Assessors Luncheon (2004)

*R.E. Investment Analysis: Small Property Perspective (2005)

*Ventura/Santa Barbara Market Trends (2005)

*SB & Ventura County Assessors Luncheon (2004)

*R.E. Investment Analysis: Small Property Perspective (2005)

*Ventura/Santa Barbara Market Trends (2005)

*Defensive Report Writing (2006)

*2006 USPAP Update (2006)

*USPAP Departure/Prop 90 Initiative Seminar (2006)

*39^th Annual Appraisal Institute Litigation Seminar (2006)

*The IRS Appraisal Process (2007)

SOCIETY OF REAL ESTATE APPRAISERS COURSES (SREA):

*Course 101 - Intro. to R.E. Appraising

*Course R2 - Case Study of a SFR

*Course 201 - Principles of Income Property Appraising

*Demonstration Report (Income Property)

*Experience Credit (Income and Res. Ppty)

*Professional Practice (1989)

AMERICAN INSTITUTE OF REAL ESTATE APPRAISERS COURSES (AIREA):

*Case Studies in Real Estate Valuation

*Valuation Analysis and Report Writing

*Standards of Professional Practice (1987)

*Basic Valuation Procedures (1987)

SRPA (Senior Real Property Appraiser) given in 1983 by the Society of Real Estate Appraisers (now   

           the Appraisal Institute) - certified through 12/31/08

SRA   (Senior Residential Appraiser) given by the Appraisal Institute - certified through 12/31/08

1972-1976:          Various construction, architecture and real estate related positions in 

                           Santa Barbara & Orange County, California          

1977-1979:           Fee appraiser associated with Brian B. Barnwell & Associates, Santa Barbara, CA

1979-Pres:           Real Estate Brokers License, State of California

1979-1981:           Fee Appraiser associated with James Hammock, MAI, Santa Barbara, CA

1981-Pres:           Owner of real estate appraisal and consulting group of

                            N.K. ANDERSEN & ASSOCIATES

TYPES OF REAL PROPERTY APPRAISED:

Experience in residential, estate residential, condominiums, apartment cooperatives, planned unit residential, multi-residential, apartment complexes, commercial, office buildings, light-industrial, strip retail, special uses (mobile home parks, motels, animal hospitals, residential rest homes), vacant land, subdivisions, ranches, oceanfront property, proposed construction, construction progress inspection, rental value estimates, employee relocation, trust, probate/estate, partial interests, property assessment appeals, reproduction and replacement cost estimates, revaluation of leases, leasehold analysis, depreciation schedules, cash flow analysis, litigation support, feasibility and best use studies.

COURT TESTIMONY:

Expert court witness (Real Estate Appraiser): *United States Federal Court *Superior Court of California *Superior Court of Arbitration

MEMBERSHIP IN PROFESSIONAL AND BUSINESS ORGANIZATIONS:

*Appraisal Institute, Santa Barbara Chapter (formerly SREA, Chapter #57)

*Board of Directors 1991, 1992 and 1993 - Appraisal Institute, Santa Barbara Chapter Treasurer

     1998-1999; Professional Practice Committee 1990 Chairman of Professional Practice

     Committee1988-89 Chapter President 1984-85; Vice-President 1983-84; Director 1985-86;

     Secretary 1982-83; Treasurer 1981-1982

*Santa Barbara Multiple Listing Service

*Better Business Bureau, Santa Barbara

*Santa Barbara Council of RE Appraisers *Real Estate Research Council of So.CA.

PARTIAL LIST OF PRIOR AND CURRENT CLIENTS:

Allstate Insurance

American Heart Association

American Riviera Bank

Bank of America

Bank of Santa Barbara

Bank of the West

Bank of Walnut Creek

Boston Safe Deposit & Trust

Cal Fed Bank

Carpinteria Valley Arts Council

Carpinteria Water District

Chase Manhattan Mortgage

Citibank Private Banking

Citigroup Private Banking

City of Carpinteria

City National Bank

Coldwell Banker Relocation

Commercial Capital Bank

Community Housing Corp.

County of Santa Barbara

Downey Savings

East West Bank

Exxon Corporation

FDIC

Fidelity Valuation Services

Fidelity Federal

First Bank and Trust

First Federal Bank

First Republic Bank

Goleta National Bank

Goleta Water District

Hawthorne Savings

Home Focus Valuation, LLC

Hutton Foundation

IBM

IndyMac Bank

JP Morgan Chase Private Banking

La Cumbre Water District

Los Padres Bank

Marriott Hotels

McDonald's Corporation

Mellon Bank

Merrill-Lynch, Inc.

Montecito Bank and Trust

Montecito Water District

Mortgage Funding Corp.

Motel 6

Northern Trust Bank

Providential Income Plan

Prudential Relocation

RTC

Samarkand Retirement Home

Santa Barbara Bank & Trust

Santa Barbara Museum of Art

Seafirst Bank

Southern California Gas Co.

State Farm Insurance

U.S. Marshal’s Office

U.S. Department of Justice

University of California

Washington Mutual

Wells Fargo Bank

Wells Fargo Private Banking

Westmont College