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; <br />While at Newmazket, he established a national practice comprised of valuation, consulting and <br />litigation services performed in over 35 states. <br />Currendy Mr. Malin is licensed and ceriified as a general appraiser in California, Massachusetts <br />and Texas. He has held appraisal licenses in over 20 states during the past five years. Mr. Malin <br />is also a licensed real estate broker in the state of Texas. <br />Mr. Malin is a graduate of the Kent School in Kent, Connecticut He received his Bachelor of <br />Arts degree in American Studies from the University of Denver in 1973. Later, he completed <br />graduate level courses at New York University" Real Estate Institute, followed by study in Real <br />F.state Investments and Taxation at a graduate level at North Texas State University. <br />In 1988 — 1990, Mr. Malin developed and hosted the Annual Real Estate Education Conference <br />sponsored by the Appraisal Institute in Dallas. He has lectured on Intemational Appraisal issues <br />and developed and taught the first Appraisal Course on "International Appraising" for the <br />Appraisal Institute. In 1993, he lectured at the 20`h World Congress of Federation Internationale <br />de Geometric as well as the 6�h Annua) Valuation of Assets in Bankruptcy Conference sponsored <br />by the University of Texas Law School. Mr. Malin continues to lecture on real estate topics for <br />The Dallas Bar Associafion and the American Society ofApproisers. <br />Mr. Malin has been hired. .. expert witness in numerous cases involving real estate issues and <br />valuation. He has testified or been admitted as an expert in local, state, and Federal courts in <br />Texas, Florida, Alabama, and Louisiana. <br />Today, The Malin Group Real Estate Economrsts continues to serve a national client base and <br />provides real estate reseazch, advice and counsel to its clients. Mr. Malin continues to publish <br />timely articles on industry trends in national forums such as Urban Land Magazine and The <br />Mortgage Banker. He also continues to publish the firm's newsletter, Capital and lnvestment <br />Trends which covers the Texas real estate mazkets. <br />^ 06/12/97 15:30 TX/RX N0.5591 P. 2z <br />