Russell T. Thurman has been actively engaged in the real estate profession since August of 1978, when he became associated with Sayers & Associates, Inc. He has been primarily engaged in the appraisal of residential, commercial, and farm and ranch properties. A resume' of specific qualifications follows:

State Certification

• General Real Estate Appraiser - Certificate Number: TX-1320983-G.

Education

• B.B.A. Degree in Real Estate, University of Texas at Austin, 1978.
• Real Estate Courses at the University of Texas:
  • RE 358 Fundamentals of Real Estate
  • BL 363 Real Estate Law
  • RE 376 Real Estate Investments & Feasibility Analysis
  • RE 358L Real Estate Appraisal

Completed the following appraisal courses and examinations:

• SREA 101 - Introduction to Real Estate Appraising
• SREA 201 - Income Property Valuation
• SREA R-2 - Residential Case Study
• SREA R4lb - Seminar, 1985
• SREA R41c - Seminar, 1987
• Appraisal Institute - Capitalization Theory and
• Techniques Part A - February, 1991
• Techniques Part B - September, 1991

Professional Affiliations

• Licensed by the State of Texas as a Real Estate Broker since 1980
• Director - First National Bank, Moody, Texas