James H. Webster

Education
1973 – Ohio State University, B.S. Degree in Real Estate and Urban Economics
1973 – SREA 101, Introduction to Real Estate Appraising
1973 – SREA 201, Principles of Income Property Appraising
1974 – AIREA 202, Urbana Properties
1982 – SREA 202, Case Studies
1999 – Appraisal Institute 600, Income Valuation of Small, Mixed-Use Properties
2012 – Appraisal Institute, USPAP, Part C
1973 – Present – Attended Various Seminars Sponsored by the Appraisal Institute

Experience
1973-1975 – Commerce Investment Corporation, Staff Appraiser
1975-1983 – First Federal, Appraiser and Loan Officer
1983-1986 – American Savings Bank, Staff Appraiser
1986-Present – Webster & Associates, Ltd., President

Review Appraiser
HUD
FNMA
Institutions

Certification
Illinois State Certified General Real Estate
Appraiser #553.000270
Expires 9/30/2025

Expert Witness
Douglas, Piatt, Macon, Crawford, and Champaign Counties

Teaching
Parkland Community College
1997 – Principles of Real Estate Appraisal
2000 – Uniform Standards of Professional Appraisal Practice

Professional Service
1976-1979 – SREA Chapter #166, Treasurer
1979 – SREA Young Advisory Committee
1980-1981 – SREA Chapter #166, Vice President
1982-1983 – SREA Chapter #166, President
1989-1990 – SREA Chapter #166, Vice President
1991 – Appraisal Institute – Central Illinois Chapter, President

Professional Memberships
1981-Present – SRA, Senior Residential Appraiser
1986-Present – Realtor – Champaign County Board of Realtors
1990-1994 – SRPA, Senior Real Property Appraiser
1994-Present – MAI, Member of the Appraisal Institute

Clients
Attorneys
Insurance Companies
Commercial Banks
Corporations
Realtors
Government Agencies
Relocation Companies
Individuals
Savings and Loan Associations

Joseph M. Webster

Education
2004 Southern Illinois University, B.S. Degree in Finance
2005 Southern Illinois University, Master’s Degree in Business Administration
2006 Chicago Association of Realtors, National USPAP Course
2006 Appraisal Institute, Basic Appraisal Principles
2006 Appraisal Institute, Basic Appraisal Procedures
2007 Appraisal Institute, Basic Income Capitalization – Part 1
2007 Appraisal Institute, Basic Income Capitalization – Part 2
2007 Appraisal Institute, Real Estate Finance and Statistics
2007 Appraisal Institute, General Site Valuation and Cost Approach
2008 Appraisal Institute, General Market Analysis and Highest & Best Use
2008 Appraisal Institute, General Appraiser Sales Comparison Approach
2008 Appraisal Institute, General Appraiser Report Writing & Case Studies
2009 Appraisal Institute, Residential Site Valuation and Cost Approach
2009 Appraisal Institute, Residential Appraiser Report Writing & Case Studies
2010 Appraisal Institute, Advanced Sales Comparison & Cost Approaches
2011 Appraisal Institute, Advanced Income Capitalization Approach
2012 Appraisal Institute, Advanced Concepts and Case Studies
2013 International Right of Way Association, Easement Valuation
2014 International Right of Way Association, The Valuation of Partial Acquisitions
2017 Appraisal Institute, Business Practices and Ethics
2017 Appraisal Institute, Fundamentals of Separating Real Property, Personal Property, and Intangible Business Assets
2018 Appraisal Institute, Uniform Appraisal Standards for Federal Land Acquisitions: Practical Applications
2019 Appraisal Institute, Small Hotel/Motel Valuation
2019 International Right of Way Association, Standards of Practice for the Right-of-Way Professional
2020 International Right of Way Association, Problems in the Valuation of Partial Acquisitions

Experience
1997 – 2000 Webster & Associates, Administrative Assistant
2004 – 2005 SIU Department of Finance, Research Assistant
2006 Chicago Board of Trade, Staff Investigator
2006 – Present Webster & Associates, Staff Appraiser

Certification
Illinois State Certified General Real Estate
Appraiser #553.002003
Expires 9/30/2025

Miscellaneous
MAI – Designated member of the Appraisal Institute
R/W-AC: Right-of-Way – Appraisal Certification with International Right-of-Way Association
Illinois Department of Transportation Approved Appraiser
Author of A Discussion of Excess Land Concepts and Theory, The Appraisal Journal, Spring 2015.
2015 Swango Award recipient