Qualifications of Michael D. Vowles, MAI

EDUCATIONAL BACKGROUND
Bachelor of Science Degree, Finance University of Utah, 2001
MAI Designation Appraisal Institute 2010
APPRAISAL COURSES & EXAMINATIONS
Real Estate Principles, 4740 Finance University of Utah 2000
Real Estate Appraisal and Investment University of Utah 2000
Course 310, Basic Income Capitalization Appraisal Institute 2002
National USPAP 15-hour course Appraisal Institute 2002
Business Ethics Appraisal Institute 2005
Course 320, General Applications Appraisal Institute 2003
Course 510, Advanced Income Capitalization Appraisal Institute 2004
Course 520, Highest & Best Use & Market Analysis Appraisal Institute 2004
Course 530, Advanced Cost and Sales Comparison Appraisal Institute 2005
Course 540, Report Writing Appraisal Institute 2005
Course 550, Advanced Applications Appraisal Institute 2005
Utah State Certified General Appraiser Examination March 2005
Comprehensive Examination for MAI Designation February 2006
Appraising Distressed Commercial Real Estate Appraisal Institute 2009
Demonstration Appraisal Report March 2010
USPAP Update ASFMRA Mar. 2016
Appraisals Through the Eyes of the Reviewer ASFMRA Jan. 2012
Introduction to Appraisal Review ASFMRA March 2012
Appraisal Review Under USPAP ASFMRA March 2012
Appraisal Review Under UASFLA ASFMRA May 2012
Advanced Appraisal Review Cases ASFMRA May 2012
Requirements of UASFLA ASFMRA Sept. 2012
Valuation of Intangible & Non-Financial Assets ASFMRA Jan. 2013
Valuation of Conservation Easements ASFMRA May 2013
Complex Case Studies of Litigation Appraisal Appraisal Institute Feb. 2014
Marketability Studies: The Six-Step Process Appraisal Institute Mar. 2014
Introduction to Soils for Appraisers ASFMRA Jan. 2015
PROFESSIONAL EXPERIENCE AND AFFILIATIONS
Appraiser and Owner, Western States Valuation 2012 to present
Review Appraiser with U.S. Forest Service July 2011 to May 2013
Appraiser with Wall Appraisal 2001 to July 2011
Associate and Member of Appraisal Institute Since 2005

PROPERTY TYPES APPRAISED
Industrial, residential subdivisions, office, retail, multi-family, land, ranches, agricultural, restaurants, single-family homes, automobile dealerships, service stations, carwashes, rural land, rock quarry, forest inholding, assisted living facilities, conservation easements, and right-of-ways.