EXPERIENCE:
July 2006-Present - Asset Appraisal Corporation - Executive Director, appraiser, expert witness, liquidation consultant, field operations, court-appointed receiver. Extensive background in furniture, trade fixtures, machinery and equipment appraisals nationally and internationally.
2000-Present - Business Valuators & Appraisers, LLC - Director of Appraisal & Brokerage Services, a sister professional service company to D.R. Payne & Associates.
April 1999-July2005 - Asset Development & Management Corporation - President & Owner
February 1991-1995 - Asset Auctioneers Incorporated - President & Owner
May 1987-2006 Asset Appraisal Corporation - President, senior appraiser, expert witness, liquidation consultant, field operations, court-appointed receiver. Extensive background in furniture, trade fixtures, machinery and equipment appraisals nationally and internationally.
October 1984-Present - Asset Management - Owner, responsible for machinery and equipment appraisals, sales, liquidation consulting, auctioneer, and court-appointed receiver. Extensive background in sales and liquidation of machinery, equipment, furniture, fixtures and inventory; (October 1984 to present) machinery and equipment appraiser, liquidation consultant, court-appointed receiver.
EDUCATION:
Masters Degree in Valuation Sciences (M.V.S.) - Lindenwood College, St. Charles, Missouri (1992);
Bachelor of Science Degree - Central State University, Edmond, OK (1979);
Numerous appraisal classes and seminars on a continuing basis
PROFESSIONAL MEMBERSHIPS, ASSOCIATIONS:
American Society of Appraisers - Accredited Senior Appraiser (ASA), Machinery/Technical Specialties: Machinery and Equipment, Certified January 1988; Past State Director, President, and Treasurer (in addition to other chair positions) of the Oklahoma/Arkansas Chapter of American Society of Appraisers
MISCELLANEOUS:
Instructor and speaker for FDIC^s "Understanding and Interpreting Appraisals," and State of Oklahoma/County Assessors Conference^s "Appraisal of Oil Field and Related Machinery and Equipment"; Instructor - American Society of Appraisers, Machinery and Technical Specialties Valuation Courses MTS 201, 202, 203, and 204; Former instructor and committee member "Curriculum Development": International Valuation Sciences Institute, Lindenwood College, St. Charles, Missouri; Published Author: The M&E Appraiser "Crash of ^87 - Capital Spending for Machines & Equipment," October 1988, The M&E Appraiser "Fixtures: Realty or Personalty?,” Spring 1989, The M&E Appraiser - "FDIC Rental Value: A Non-Traditional Approach," Winter 1989, The M&E Appraiser "The Impact of Ownership and Transfer of Rights on the Valuation of Software Programs," co-author, Winter 1991; Developer of Market Value Rental Methodology for the Federal Deposit Insurance Corporation; Former Instructor - International Valuation Sciences Institute, Lindenwood College, St. Charles, Missouri; Past Member - Curriculum Development Committee, International Valuation Sciences Institute, Lindenwood College, St. Charles, Missouri; Member - Educational Committee, International Valuation Sciences Institute, Lindenwood College, St. Charles, Missouri (a subcommittee of the American Society of Appraisers^ International Education Committee); Co-author - The American Society of Appraisers, Course IDEV200, Principles of Valuation