As of 1/26/2009

Due to the current market conditions, all fees are now quoted on a case by case basis.

Additional regulatory guidelines, increased lender demands and most important, property condition and property complexity, require varying levels of service for each appraisal assignment.

Additional regulatory guidelines drive us to be on the leading edge of education to provide the best services for our customers. It goes without saying that taking even more education is always positive however it does take us out of the office and away from providing great customer service.

For 2009, we have already attended The Appraisal Institute's 'State of the Profession' to become knowledgeable regarding HVCC, RESPA, Bonds, BPOs, OREA, FHA, HR 223 and other regulations. Also, The Appraisal Institute's 'FHA Appraising' fulfilling FHA's requirement for proof of adequate education by 10/1/2009. In addition, Don Machholz's Microsoft Excel class becoming knowledgeable on Fannie Mae's new 1004MC form that must be completed on all appraisals sent to Fannie or Freddie by 4/1/2009.

We strive to stay ahead of and be knowledgeable about regulations and restrictions to be prepared to continue to provide streamlined appraisal reports and great customer service for our clientele. We are also putting together a assignment/client/fee matrix chart to clarify.

We apologize for any inconvenience regarding quoting each assignment fee and we thank you for your patience. We look forward to returning to a flat fee structure in the summer or fall of 2009. Please contact Leon or Dan (707.252.6374) or John McFarland (707.252.5412) for further assistance and for fee individual quotes.

Sincerely,

Dan and Leon Brauning