Farr Valuation, Inc. provides high-quality, well-supported commercial real estate appraisal and consulting services to our clients with a focus on accuracy, competence and timely delivery (assuming no delays in receiving requested information). We hold ourselves to the highest degree of ethics and professionalism, which is evident in our overall analyses and final work product.

In addition to specialty property types, we have appraised:

Vacant land Retail (Existing & Proposed) Office Industrial

Special Purpose Mixed Use Daycare Residential Subdivision

Fast Food Restaurants Convenience Store/Gas Station Car Wash Medical Office

Hotel Motel RV Parks Mining Claim

Appraisal reports prepared for the following uses:

Mortgage Lending Loan Monitoring Foreclosure Bankruptcy Divorce

Litigation Estate Planning Tax Appeal Arbitration Probate

Personal Use Date of Death Internal Use Negotiation Business Dissolution

Our team is lead by Terence (Terry) Farr, MAI, SRA, AI-GRS, CCIM with 17+ years of appraisal and review experience covering a majority of property types. Terry's experience and local expertise is rooted in the Las Vegas valley, with some analyses performed for properties in California, Arizona and Utah. Prior to founding Farr Valuation, Inc. in November 2022, Terry was a Vice President of the Valuation & Advisory Services within the Mountain Northwest region in the Las Vegas office since 2013. Terry was an independent fee appraiser at Timothy R. Morse and Associates (now Morse-Krueger and Associates) from 2008-2013. His career started in 2005 at Nevada State Bank as a Review Appraiser.

Terry is an Appraisal Institute Multi-Designated Appraiser (MAI, SRA, and AI–GRS) and CCIM Institute Designated Member (CCIM–Certified Commercial Investment Member). He has served on several committees within the local Appraisal Institute Chapter and served as a Candidate Advisor from 2013 to 2022. He has served on the Clark County Board of Equalization since January 2016 and will continue to serve as Vice–Chair through December 31, 2023. In this capacity, Terry is the chair for the Commercial Real Estate and Personal Property hearings.

Terry was previously ARGUS AE Software Certified (through May 2022). He taught the Real Estate Valuation course (RE 333) at University of Nevada – Las Vegas (UNLV) in the Fall semester of 2021 and will teach again in the Fall semester of 2023. He was appointed to the Appraisal Advisory Review Committee (AARC) for the State of Nevada Real Estate Division in January 2022.

PROFESSIONAL AFFILIATIONS AND OFFICES HELD

Appraisal Institute

MAI, SRA, AI–GRS Designated Member #479482

Candidate Advisor (2013-2022)

Appraisal Institute Region VII Regional Nominating Committee Member (2016–2017)

Alt–Region VII National Nominating Committee Member (2018)

Leadership Development and Advisory Council (2022)

Nevada Chapter of the Appraisal Institute (Formerly Las Vegas Chapter)

Regional Representative (2023)

Board of Directors (2007–2016, 2023)

Nominating Committee Chair (2016)

Candidate Guidance Committee Member (2014–2016)

Past President (2016)

President (2015)

Vice President (2014)

2^nd Vice President (2011–2013)

Completed the curriculum and passed the examinations for the following Appraisal Institute Professional Development Programs:

• Litigation

• Valuation of the Components of a Business Enterprise

• Valuation of Sustainable Buildings–Residential

• Valuation of Sustainable Buildings–Commercial

CCIM Institute Designated Certified Commercial Investment Member (CCIM) (2019–Current)