QUALIFICATIONS

OF

KENNETH L. (Kip) WALKER III, SRA, SCGREA, ABR

EMPLOYMENT:

12/01 – Present                                 Broker-Owner

                                                            RE/MAX Paradigm Realty Group

                                                            Fair Haven, New Jersey

1/01 – Present                                   Chief Appraiser

                                                            Kenneth Walker Real Estate Appraiser

                                                            Brielle, New Jersey

12/00 – 12/01                                   Broker Associate

                                                            Gloria Nilson, GMAC Real Estate

                                                            Rumson, New Jersey

1/88 – 12/00                                      Senior Partner

                                                            Benchmark Appraisal, Inc.

                                                            Sea Girt, New Jersey

10/95 – 11/00                                   President

                                                            A Buyer’s Best Real Estate Broker, Inc.

                                                            Sea Girt, New Jersey                       

3/85 ‑ 12/87                                      Senior Appraiser

                                                            City Appraisal Services, Inc.

                                                            Lakewood, New Jersey

6/78 ‑ 3/85                                         Associate Appraiser

                                                            Walker Appraisal Associates

                                                            Shrewsbury, New Jersey

8/80 ‑ 3/85                                         Sales Rep./Manager, Vice President

                                                            Walker and Walker, Realtors

                                                            Shrewsbury, New Jersey

EDUCATION:

1980                                                   Bachelor of Science in Marketing

                                                            Associate of Science in Real Estate

                                                            Kings College Wilkes‑Barre, Pennsylvania

                                                 Real Estate Brokerage & Appraisal Courses & Seminars

                                                   The Appraisal Institute (AI, formerly AIREA & SREA)

                                                       NJAR (New Jersey Association of Realtors)

12/09                                                  NJAR – Document Your Way Out of Liability Issues

12/09                                                  NJAR – AVM’s and the Appraiser

10/09                                                  AI – Uniform Standards of Professional Appraisal Practice Update

9/09                                                    AI – 14^th Annual Appraisal Symposium

5/09                                                    AI – 73^rd Annual Princeton Appraisal Conference

12/08                                                  NJAR – What Clients Wished You New About Feng Shui

12/08                                                  NJAR – Foreclosures and Frauds & the Effects on Neighborhoods

9/08                                                    AI – 13^th Annual Appraisal Symposium

6/08                                                    AI – 72^nd Princeton Appraisal Conference

12/07                                                  NJAR – Appraising in the New Millennium Seminar

12/07                                                  NJAR – Flips, Frauds and Foreclosures Seminar

10/07                                                  AI - Course 420-Business Practices & Ethics

10/07                                                  AI – Uniform Standards of Professional Appraisal Practice Update

9/07                                                    AI – 12^th Annual Appraisal Symposium

6/07                                                    AI – 71^st Annual Princeton Appraisal Conference

12/06                                                  NJAR – Marketing & Appraising Distressed Properties

12/06                                                  NJAR – Overview of Eminent Domain Valuation

6/06                                                    AI – 70^th Annual Princeton Appraisal Conference

12/05                                                  NJAR – The Valuation & Marketing of Historic & Antique Homes

12/05                                                  NJAR – Environmental Due Diligence

10/05                                                  AI – Uniform Standards of Professional Appraisal Practice Update

9/05                                                    AI – 10^th Annual Appraisal Symposium

6/05                                                    AI – 69^th Annual Princeton Appraisal Conference

9/04                                                    AI – 9^th Annual Appraisal Symposium

6/04                                                    AI – 68^th Annual Princeton Appraisal Conference

10/03                                                  AI – Course 420-Business Practices & Ethics

5/03                                                    AI – 67^th Annual Princeton Appraisal Conference

5/03                                                    AI – Standards of Professional Appraisal Practice Course 400

9/02                                                    AI - 7^th Annual Appraisal Symposium

6/02                                                    AI – 66^th Annual Princeton Appraisal Conference

6/01                                                    AI - 65^th Annual Princeton Appraisal Conference

10/00                                                  Monmouth-Ocean School of Real Estate/Real Estate Management (30 hours)

10/00                                                  Monmouth-Ocean School of Real Estate/Real Estate Ethics (30 hours)

10/00                                                  Monmouth-Ocean School of Real Estate/Essentials of NJ R.E. (90 hours)

9/00                                                    AI - 6^th Annual Appraisal Symposium

6/00                                                    AI - 64^th Annual Princeton Appraisal Conference

6/99                                                    AI - 63^rd Annual Princeton Appraisal Conference

10/98                                                  AI - Standards of Professional Appraisal Practice, Part C

6/98                                                    AI - 62nd Annual Princeton Appraisal Conference

9/97                                                    AI - 3rd Annual Appraisal Symposium

6/97                                                    AI - 61st Annual Princeton Appraisal Conference

4/97                                                    AI - Current Trends in the NJ Retail/Shopping Center Market

6/96                                                    AI - 60th Annual Princeton Appraisal Conference

2/95                                                    AI - How to Appraise FHA-Insured Property

9/94                                                    AI - Understanding Limited Appraisals & Reporting Options

6/94                                                    AI - 58th Annual Princeton Appraisal Conference

1/94                                                    AI - Limited Appraisal Assignments Seminar

9/93                                                    AI - 2nd Annual Appraisal Symposium

5/93                                                    AI - Standards of Professional Appraisal Practice / Part A

5/93                                                    AI - Standards of Professional Appraisal Practice / Part B

9/92                                                    AI ‑ Changing Values in a Changing World Appraisal Seminar

6/92                                                    AI - 56th Annual Princeton Appraisal Conference

4/92                                                    AI - Recent Real Estate Tax Court Rulings

6/91                                                    AIREA ‑ Licensing/Certification Update Exam Prep Seminar

10/90                                                  AIREA ‑ Course 1A‑2 / Basic Valuation Procedures

12/89                                                  The Relocation Institute / Advanced Appraiser Techniques

6/89                                                    AIREA ‑ Standards of Professional Appraisal Practice Update

6/89                                                    AIREA ‑ Central Atlantic Regional Appraisal Conference

4/89                                                    SREA - Environmental Issues/Fannie Mae Guidelines

8/88                                                    Employee Relocation Council (E‑R‑C)/Going Beyond the Basics

3/88                                                    Small Residential Income Property Appraisal Seminar/SREA

6/86                                                    AIREA ‑ Standards of Professional Appraisal Practice

10/84                                                  AIREA ‑ Course 8‑1 / Real Estate Appraisal Principles

6/84                                                    Marshall and Swift / Residential Cost Handbook Seminar

2/84                                                    AIREA ‑ Course 8‑2 / Residential Valuation

EXPERT TESTIMONY:

Superior Court of New Jersey (Judge McGann - Monmouth County, New Jersey)

United States Bankruptcy Court (Judge Gindin - Trenton, New Jersey)

Various Municipal Zoning Boards

PROFESSIONAL AFFILIATIONS:

Member - The Appraisal Institute/ Metro New Jersey Chapter, since 1983

-Senior Residential Appraiser (SRA) Designation May 1987

Member - National Association of Realtors, since 1980

                              1998 – Real Estate Buyer’s Agent Council

                              Accredited Buyer Representative Designation 

Member – New Jersey Association of Realtors, since 1980

                              2005 – Quarter Century Club

                              1983 Member, NJAR Million Dollar Sales Club

                              2001 Member, NJAR Million Dollar Sales Club, Silver Level (over 6 million in closed sales)

                              2002 Member, NJAR Circle of Excellence Award, Silver Level (over 10 million in closed sales)

                              2003 Member, NJAR Circle of Excellence Award, Platinum Level (25+  million in closed sales)

                              2004 Member, NJAR Circle of Excellence Award, Silver Level (over 12 million in closed sales)

                              2005 Member, NJAR Circle of Excellence Award, Silver Level (over 13 million in closed sales)

                              2006 Member, NJAR Circle of Excellence Award, Silver Level (over 16 million in closed sales)

                              2007 Member, NJAR Circle of Excellence Award, Gold Level (over 23 million in closed sales)

                              2008 Member, NJAR Circle of Excellence Award, Silver Level (over 14 million in closed sales)

Member              - Monmouth County Association of Realtors, since 1980

                              January 2005- March 2006 & 2010 - Present, Member of the Board of Directors

                              January 2003 - March 2006 & January 2007 – Present, Member of the MLS Committee

                              January 2005 - March 2006 & January 2009- Present, Chair of the MLS Committee

                              January 2009 - Present, Member of the Executive Committee

                              2007 & 2008 – Member of the Nominating Committee

National Association of Exclusive Buyer Agents (NAEBA)

                              1995 - 2000 - Member

                              1999 - 2000 – National Chair, Ethics & Professional Standards Committee

                              2000 - Outstanding Service Award

RE/MAX International

Lifetime Achievement Award 2009

Hall of Fame Award 2006

Chairman's Club 2005 & 2007

Platinum Club 2003-2004, 2006 & 2008

100% Club 2002

LICENSES:

New Jersey State Certified General Real Estate Appraiser (#RG270)

New Jersey Licensed Real Estate Broker