2012 ICAP Pre-Seminar Presentation
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Transcript of 2012 ICAP Pre-Seminar Presentation
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WELCOME TO THE 2012
ILLINOIS COALITION OF PROFESSIONAL APPRAISERS (ICAP)ILLINOIS APPRAISER UPDATE SEMINAR
2012 ILLINOIS APPRAISER UPDATE SEMINAR
1
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2012 ILLINOIS APPRAISER UPDATE SEMINAR 2
Congratulations to ICAP and its membership for helping pass the:
Appraisal Management Company Registration ActEffective January 1, 2012
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2012 ILLINOIS APPRAISER UPDATE SEMINAR 3
ICAP 2012 Officers: President: Tamara J. Bellisario Vice President: Peter Poulos Treasurer: Rick Hiton Secretary: Rich deVerdier
Immediate Past President: Sharon Bagby
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2012 ILLINOIS APPRAISER UPDATE SEMINAR 4
ICAP 2012 Directors:Brian Masterson Tom Rodgers
Lee Lansford Tedd NeffDavid L. DuBois Dan G. LegnerBarton DeLacy Michael A. Wolin
Sue Camp John WittertMike Morris Karen Emerle
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2012 ILLINOIS APPRAISER UPDATE SEMINAR 5
Visit ICAP’s Improved Website
www.ICAPWeb.Com
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2012 ILLINOIS APPRAISER UPDATE SEMINAR 6
ICAP was established in 1994, and is supported by the following sponsoring organizations:
ICAP
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2012 ILLINOIS APPRAISER UPDATE SEMINAR 7
Visit ICAP’s BLOG
www.ICAPWeb.Wordpress.com
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2012 ILLINOIS APPRAISER UPDATE SEMINAR 8
Find ICAP on Facebook:
www.facebook.com/ICAPweb
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2012 ILLINOIS APPRAISER UPDATE SEMINAR 9
Follow ICAP on Twitter:@icapweb
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2012 ILLINOIS APPRAISER UPDATE SEMINAR 10
Join ICAP’s Linked in Group:
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2012 ILLINOIS APPRAISER UPDATE SEMINAR 11
ICAP’s extends our gratitude to the companies that support our mission by being an exhibitor at ICAP's Lisle Seminar.
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2012 ILLINOIS APPRAISER UPDATE SEMINAR 12
ICAP Member Benefit:Representation in Springfield, IL
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2012 ILLINOIS APPRAISER UPDATE SEMINAR 13
ICAP Member Benefit:Strength in Numbers
(Over 1,800 Members)
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2012 ILLINOIS APPRAISER UPDATE SEMINAR 14
ICAP Member Benefit:Constant Contact
(Regular E-mail Updates and Social Media Campaign)
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2012 ILLINOIS APPRAISER UPDATE SEMINAR 15
ICAP Member Benefit:Job Search
(Bulletin board for appraisers seeking employment )
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2012 ILLINOIS APPRAISER UPDATE SEMINAR 16
ICAP Member Benefit:On Line Appraiser Tools
(Hundreds of appraisal related links at our website www.icapweb.com)
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2012 ILLINOIS APPRAISER UPDATE SEMINAR 17
ICAP Member Benefit:ICAP Summer Seminars (Education/Networking)
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2012 ILLINOIS APPRAISER UPDATE SEMINAR 18
ICAP Member Benefit:Find an Appraiser:
(Potential clients can search ICAP members by name, city, postal code, or county )
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2012 ILLINOIS APPRAISER UPDATE SEMINAR 19
ICAP Member Benefit:Discount’s on Office Max Products & Services:
(Go to www.Officemaxsolutions.com, enter username: ICAP, and Password: OFFICEMAX1)
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2012 ILLINOIS APPRAISER UPDATE SEMINAR 20
ICAP Member Benefit:Discount’s at Avis Rent-A-Car :
(Receive up to 40% off Avis Rent-A-Car rates using ICAP’s AVIS Worldwide Discount number: W652341)
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2012 ILLINOIS APPRAISER UPDATE SEMINAR 21
ICAP's Recent Accomplishment:ICAP was instrumental in the development of
the Administrative Rules:• AMC's 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
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2012 ILLINOIS APPRAISER UPDATE SEMINAR 22
ICAP's Recent Accomplishment: ICAP was instrumental in the development of the
Appraisal Management Company Act:• All AMC's will register
•Appraisal firms owned by certified appraiser are exempt from registration • AMC's must compensate appraisers at a customary and reasonable rate
• AMC's 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
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2012 ILLINOIS APPRAISER UPDATE SEMINAR
23
ICAP's 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 AMC's and Appraisal firms
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2012 ILLINOIS APPRAISER UPDATE SEMINAR 24
ICAP's 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 and
analysis of issues affecting professional appraisers and monitors political action with the intent to
influence legislation, regulation and public opinion toward the appraisal profession.
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2012 ILLINOIS APPRAISER UPDATE SEMINAR 25
ICAP's 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 and
analysis of issues affecting professional appraisers and monitors political action with the intent to
influence legislation, regulation and public opinion toward the appraisal profession.