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Willis A. 'Billy' Badeaux, Jr., President / Senior Appraiser

Appraisal Exp
erience

- Designated appraiser Revpro Appraisal Service

- Associate appraiser Revpro Appraisal Service

- Twenty-five years experience telecommunication industry

- Owner software development company

Appraisal Disciplines:

• Aircraft, fixed & rotor, private & commercial
• Construction equipment & vehicles
• Drilling equipment, oil, gas, water & service
• Environmental equipment & vehicles
• Farm machinery & equipment
• Industrial machines
• Medical equipment and F. F. & E.
• Metal working machines & tools
• Mobile homes
• Household furnishings & belongings
• Office furniture, fixtures & equipment
• Printing & graphics equipment
• Production & manufacturing machines & equipment
• Restaurant equipment
• Retail stock inventories
• Saw mills & finished wood production plants
• Transportation equipment, autos, buses, trucks & trailers
• Marine, pleasure craft and commercial
• Woodworking equipment

Value Concept Experience:

1. Fair Market Value (As Is-Where Is)
2. Fair Market Value (As Used by Bankruptcy Courts)
3. Fair Market Value (IRS)
4. Fair Market Value (In Place-In Use)
5. Fair Market Value (In Place-Not In Use)
6. Fair Market Value (At Sheriffs sale)
7. Orderly Liquidation Value (As Is-Where Is)
8. Orderly Liquidation Value (In Place-In Use)
9. Orderly Liquidation Value ( In Place-Not In Use)
10. Immediate Liquidation Value
11. Forced Liquidation Value

12. Insurance Values
  a. Actual Cash Value (multiple definitions-report will explain)
  b. Replacement cost (new)
  c. Replacement cost (new) less depreciation
  d. Replacement cost for comparable item (used)
  e. Salvage value

13. Retail Value
14. Wholesale Value
15. Residual Value Reproduction Value
16. Remaining Useful Life

Education

International Society of Appraisers core course 101, 102 & 103 October 2000, Houston, TX.
Courses consisted of the following:

1. Introduction to Personal Property Appraising
2. Personal Property Methodology and Reasoning
3. Personal Property Appraiser's Fiduciary Responsibilities
4. Appraising for the function of Liquidation
  a. Federal Bankruptcy Court
  b. IRS Seizures
  c. The FDIC - FSLIC Liquidations
5. Advance Appraisal Considerations
  a. Collateral loan appraising
  b. Tax appraisal issues
  c. Consumer resale
  d. Consumer fraud
  e. Valuation of insurance claims
  f. Examination of Trial Court Decisions
6. Advanced Report Writing
  a. Reconciliation of Broad Evidence Rule
  b. Computer aided appraisals

American Society of Appraisers certification course on Uniform Standards of Professional Appraisal Practice (USPAP) November 1999, New Orleans, LA.

ISA course "Appraisal of Restaurant Equipment" Atlanta, GA, July 2003.

ISA course "Appraisal of Heavy Equipment" Chicago, IL, October 2003.

Miscellaneous:

- Served as assistant to Senior ISA/ASA appraiser, 1991 - 2006

- ISA Associate member, September 1998

- ISA Accredited member, October 2000

- American Society of Appraisers Accredited Senior Appraiser, 2006 - 2016