CREDENTIALS

DAVID L. HERTZLER, II

Certified General Real Estate Appraiser

State of Virginia No. 4001 003030

GENERAL BACKGROUND

Bachelor of Science in Finance - 1985 - Virginia Polytechnic Institute and State University

Jan.1996-Present Hertzler & Associates, Real Estate Appraisers, Inc.

Jan.1992-Jan.1996 Residential & Commercial Appraiser with Rist Research & Appraisal

Appointed to the City of Williamsburg Board of Equalization(2007, 2008, 2009, 2010, 2011, 2012)

Chairman of the Board of Equalization - Williamsburg (2010, 2011, 2012)

Appointed to the James City County, Purchase of Development Rights Program Appraisal Review Committee (2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013)

*Principles of Real Estate Appraisal - Virginia Polytechnic Institute (Fall 1984)

*Fundamentals of Real Estate Appraisal - Newport News, VA (6-91)

*Appraising Small Residential Income-Producing Properties - Newport News, VA (7-91)

*Standards of Appraisal Practice - Newport News, VA (8-91)

*Successfully Challenged Appraisal Institute Courses:

1A1 Real Estate Appraisal Principles (9/16/92)

1A2 Basic Valuation Procedures (9/16/92)

*Successfully Completed Appraisal Institute Courses:

310 Basic Income Capitalization (6/27 - 7/3/93)

210 Residential Case Study (6/19 - 6/25/94)

500 Advanced Residential Form & Narrative Report Writing (7/14-7/20/96)

*HUD/FHA Appraisal Course (10/26/94)

*EDI:What is it? What Does it mean for Real Estate Appraisers(09/27/95)

*Virginia Real Estate Appraisal Law (05/03/96)

*5.0C Alternative Appraisal Rpt Forms for Limited Appraisal Assignments(7/11/97)

*Real Estate Appraisal Law (5/8/98)

*Appraising from Blueprints and Specifications (9/11/98)

*Virginia State-Mandated Course (3/29/00)

*Income Capitalization - Online (September 2000)

*Online Internet Search (9/18/00)

*Fair Lending For Appraisers (9/21/00)

*Online Residential Design & Functional Utility (9/24/00)

*Condemnation Appraising: Basic Principles & Applications (2/6/-2/7/02)

*Uniform Standards of Professional Appraisal Practice (8/17/02)

*Real Estate Damages: Assessment & Testimony (8/21/02)

*Virginia State-Mandated Course (8/22/02)

*Income Property Appraisals (4/13-4/14/2004)

*7 Hour National USPAP Update Course (8/14/2004)

*Two to Four Family Finesse, Appraising Multi-Family Properties (8/18/2004)

*7 Hour National USPAP Update Course

*Appraisal Trends (9/14/06)

*Online using your HP12C Financial Calculator (9/19/06)

*Feasibility, Market Value, Investment Timing: Option Value (9/27/06)

*Appraiser MLS Workshop (2/15/08)

*Disclosures and Disclaimers (June 29, 2008)

*Appraising Historic Properties (September 7, 2008)

*Developing & Growing an Appraisal Practice (September 18, 2008)

*2008-2009 National USPAP Update (September 28, 2008)

*Appraising and Analyzing Office Buildings for Mortgage Underwriting (August 26, 2010)

*Foundations in Sustainability: "Greening" the Real Estate and Appraisal Industries (9/3/10)

*Land and Site Valuation (September 19, 2010)

*2010-2011 National USPAP Update Equivalent (September 26, 2010)

*Understanding the Uniform Appraisal Dataset (August 18, 2011)

*2012-2013 National USPAP Update Course (September 12, 2012)

*Appraisal Applications of Regression Analysis (September 15, 2012)

*Appraising and Analyzing Industrial & Flex Buildings for Mortgage Underwriting (9/23/2012)

*The Evolution of Finance & the Mortgage Market (9/23/2012)

*Quad Ethics (1/17/2013)

*Mobile Workshop (8/16/2013 to 8/17/2013)

*2014-2015 7-hour National USPAP Update Course (9/2/2014)

*Introduction to the Uniform Appraisal Dataset (9/3/2014)

*Appraisal of Self-Storage Facilities (08/17/2016)

*The Sales Comparison Approach (9/22/2016)

*Residential Property Inspection for Appraisers (9/25/2016)

C&F Mortgage, Central Fidelity, Chase Manhattan Mortgage Corp., Chesapeake Bank, Citizens & Farmer Bank, Inc., College of William & Mary, Fidelity Valuation Services, 1st Advantage Federal Credit Union, Governor's Land Associates, Middleburg Bank, Mortgage Investment Corporation, Old Point National Bank, Prudential Relocation, SunTrust Bank, TowneBank, Williamsburg Redevelopment and Housing.