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2012 ICAP Pre-Seminar Presentation

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2012 ICAP Pre-Seminar Presentation

2012 ICAP Pre-Seminar Presentation

Published in: Real Estate, Business

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  • 1. WELCOME TO THE 2012ILLINOIS COALITION OF PROFESSIONAL APPRAISERS (ICAP) ILLINOIS APPRAISER UPDATE SEMINAR 2012 ILLINOIS APPRAISER UPDATE 1 SEMINAR
  • 2. Congratulations to ICAP and its membership for helping pass the:Appraisal Management Company Registration Act Effective January 1, 2012 2012 ILLINOIS APPRAISER UPDATE 2 SEMINAR
  • 3. ICAP 2012 Officers: President: Tamara J. Bellisario Vice President: Peter Poulos Treasurer: Rick Hiton Secretary: Rich deVerdierImmediate Past President: Sharon Bagby 2012 ILLINOIS APPRAISER UPDATE 3 SEMINAR
  • 4. ICAP 2012 Directors: Brian Masterson Tom Rodgers Lee Lansford Tedd Neff David L. DuBois Dan G. Legner Barton DeLacy Michael A. Wolin Sue Camp John Wittert Mike Morris Karen Emerle 2012 ILLINOIS APPRAISER UPDATE 4 SEMINAR
  • 5. Visit ICAP’s Improved Websitewww.ICAPWeb.Com 2012 ILLINOIS APPRAISER UPDATE 5 SEMINAR
  • 6. ICAP was established in 1994, and issupported by the following sponsoring organizations: ICAP 2012 ILLINOIS APPRAISER UPDATE 6 SEMINAR
  • 7. Visit ICAP’s BLOGwww.ICAPWeb.Wordpress.com 2012 ILLINOIS APPRAISER UPDATE 7 SEMINAR
  • 8. Find ICAP on Facebook:www.facebook.com/ICAPweb 2012 ILLINOIS APPRAISER UPDATE 8 SEMINAR
  • 9. Follow ICAP on Twitter: @icapweb 2012 ILLINOIS APPRAISER UPDATE 9 SEMINAR
  • 10. Join ICAP’s Linked in Group: 2012 ILLINOIS APPRAISER UPDATE 10 SEMINAR
  • 11. ICAP’s extends our gratitude to the companies that support our mission by being an exhibitor at ICAPs Lisle Seminar. 2012 ILLINOIS APPRAISER UPDATE 11 SEMINAR
  • 12. ICAP Member Benefit:Representation in Springfield, IL 2012 ILLINOIS APPRAISER UPDATE 12 SEMINAR
  • 13. ICAP Member Benefit: Strength in Numbers(Over 1,800 Members) 2012 ILLINOIS APPRAISER UPDATE 13 SEMINAR
  • 14. ICAP Member Benefit: Constant Contact(Regular E-mail Updates and Social Media Campaign) 2012 ILLINOIS APPRAISER UPDATE 14 SEMINAR
  • 15. ICAP Member Benefit: Job Search(Bulletin board for appraisers seeking employment ) 2012 ILLINOIS APPRAISER UPDATE 15 SEMINAR
  • 16. ICAP Member Benefit: On Line Appraiser Tools(Hundreds of appraisal related links at our website www.icapweb.com) 2012 ILLINOIS APPRAISER UPDATE 16 SEMINAR
  • 17. ICAP Member Benefit:ICAP Summer Seminars(Education/Networking) 2012 ILLINOIS APPRAISER UPDATE 17 SEMINAR
  • 18. ICAP Member Benefit: Find an Appraiser:(Potential clients can search ICAP members by name, city, postal code, or county ) 2012 ILLINOIS APPRAISER UPDATE 18 SEMINAR
  • 19. ICAP Member Benefit:Discount’s on Office Max Products & Services: (Go to www.Officemaxsolutions.com, enterusername: ICAP, and Password: OFFICEMAX1) 2012 ILLINOIS APPRAISER UPDATE 19 SEMINAR
  • 20. ICAP Member Benefit: Discount’s at Avis Rent-A-Car : (Receive up to 40% off Avis Rent-A-Car rates usingICAP’s AVIS Worldwide Discount number: W652341) 2012 ILLINOIS APPRAISER UPDATE 20 SEMINAR
  • 21. ICAPs Recent Accomplishment: ICAP was instrumental in the development of the Administrative Rules: •AMCs must be noted as client if ordering the appraisal •USPAP must be taken within 6 months of a new release•Appraisal fees for AMC orders must be noted in the certification 2012 ILLINOIS APPRAISER UPDATE 21 SEMINAR
  • 22. ICAPs Recent Accomplishment:ICAP was instrumental in the development of the Appraisal Management Company Act: •All AMCs will register•Appraisal firms owned by certified appraiser are exempt from registration •AMCs must compensate appraisers at a customary and reasonable rate •AMCs Cannot withhold or threaten to withhold payment •Cannot condition appraisal on a value conclusion •Cannot remove appraisers from approved lists without notice •Cannot require appraisers to sign indemnifications agreements 2012 ILLINOIS APPRAISER UPDATE 22 SEMINAR
  • 23. ICAPs Recent Accomplishment:ICAP was instrumental in the development of the Appraisal Appraiser Licensing Act for 2011: •Appraisal fees for AMC assignments must be disclosed in the certification •The Department or designee shall conduct a survey of appraisal fees for 1-4 family •Defined AMCs and Appraisal firms 2012 ILLINOIS APPRAISER UPDATE 23 SEMINAR
  • 24. ICAPs Mission Statement: ICAP works to promote the appraisal profession and its image to the general public and to users of appraisal services. ICAP initiates discussion andanalysis of issues affecting professional appraisers and monitors political action with the intent toinfluence legislation, regulation and public opinion toward the appraisal profession. 2012 ILLINOIS APPRAISER UPDATE 24 SEMINAR
  • 25. ICAPs Mission Statement: ICAP works to promote the appraisal profession and its image to the general public and to users of appraisal services. ICAP initiates discussion andanalysis of issues affecting professional appraisers and monitors political action with the intent toinfluence legislation, regulation and public opinion toward the appraisal profession. 2012 ILLINOIS APPRAISER UPDATE 25 SEMINAR