PROFESSIONALISM IS INTERNATIONAL DESIRE

Kunming, China, November 7, 2006 Alan Hummel, SRA, Chief Appraiser of Forsythe Appraisals, recently returned from Kunming China where he represented The Appraisal Foundation at the 2006 International Valuation Forum. Hosted by the China Appraisal Society and the International Valuation Standards Committee, the four-day event attracted more than 300 participants from 13 countries across the globe.

The conference titled, “Assets, Valuations, and the Development of Market Economies,” focused on identifying needs of both emerging economies, as well as established mortgage and financial systems. A significant emphasis was also placed on the need for strong standards and ethics necessary to ensure that the quality of service provided protects the public good.

Mr. Hummel’s presentation of his white paper, “The Property Valuation Professional: Providing Local Expertise, Allowing for Credible Global Financial Decisions” was well-received by the diverse group of valuation professionals. The 45 minute presentation included comprehensive documentation and analysis of the advantages of a country’s strong legislation supporting high levels of education, ethics, and standards-- all of which support the ability to withstand and recover from the vagaries of economic cycles.

“It was a relatively easy paper for me to present, given the strong emphasis Forsythe Appraisals puts on these same principles,” Hummel said. “The tremendous effort the Appraisal Foundation has put into development and advancement of standards defining professionalism in the United States is the benchmark of many countries.”

A copy of the white paper that was presented can be found at: www.forsytheappraisals.com

About Forsythe Appraisals:
Headquartered in St. Paul, Minnesota, Forsythe Appraisals was founded in 1940 by the grandfather of the Company’s current CEO and President. Forsythe Appraisals is the largest independent residential appraisal company is the United States and currently operates 39 branch offices nationwide.

Forsythe Appraisals, LLC is owned and managed by John and Tim Forsythe, together with John and Jeff Turner, founders of Hillcrest Capital Partners (HCP). Located in Minneapolis, HCP was established in 2002 as a private investment firm to make control investments in high quality businesses based in the Upper Midwest

About the Appraisal Foundation:
The Appraisal Foundation, a congressionally authorized non-profit organization established in 1987, is dedicated to the professional advancement of the appraisal profession. The Foundation accomplishes its mission through the work of its two independent boards, the Appraisal Standards Board (ASB) and the Appraiser Qualifications Board (AQB). More information on the Appraisal Foundation is available at www.appraisalfoundation.org.

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