2011 ICAP Pre-seminar presentation

WELCOME TO THE 2011

ILLINOIS COALITION OF PROFESSIONAL APPRAISERS (ICAP)ILLINOIS APPRAISER UPDATE SEMINAR

2011 ILLINOIS APPRAISER UPDATE SEMINAR

1


2

Congratulations to ICAP and its membership for helping pass the:

Appraisal Management Company Registration Act

Sent to Governor Pat Quinn For Signature 06/27/2011


3

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.


4

ICAP 2011 Officers: President: Sharon Bagby Vice President: John Shanahan Treasurer: Tamara Bellisario Secretary: Rick Hiton

Immediate Past President: Jim Blaydes


5

ICAP 2011 Directors:Robert Ross Tom Rodgers

Rich deVerdier Tedd Neff

Dave Park Dan G. Legner

Barton DeLacy Brian Masterson

Jim Gibbons Peter Poulos

Mike Morris Karen Emerle

John Wittert


6

Visit ICAP’s New Website

www.ICAPWeb.Com


7

ICAP was established in 1994, and is

supported by the following sponsoring organizations:ICAP


8

Visit ICAP’s BLOG

www.ICAPWeb.Wordpress.com


9

Find ICAP on Facebook:

www.facebook.com/ICAPweb


10

Follow ICAP on Twitter:

@icapweb


11

Join ICAP’s Linked in Group:


12

ICAP’s extends our gratitude to the companies that support our mission by being an exhibitor at ICAP's

Lisle Seminar, Wyndham Hotel, August 1, 2011.


13

ICAP Member Benefit:

Representation in Springfield, IL


14


Strength in Numbers(Over 1,300 Members)


15


Constant Contact(Regular E-mail Updates and Social Media Campaign)


16


Job Search (Bulletin board for appraisers seeking employment )


17


On Line Appraiser Tools (Hundreds of appraisal related links at

our website www.icapweb.com)


18

ICAP Member Benefit:ICAP Summer Seminars (Education/Networking)


19

ICAP Member Benefit:Find an Appraiser:

(Potential clients can search ICAP members by name, city, postal code, or county )


20

ICAP Member Benefit:Discount’s on Office Max Products & Services:

(Go to www.Officemaxsolutions.com, enter ICAP username and Password)


21

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)


22

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


23

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


24

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


25

ICAP's Objectives : • Establish the Illinois Appraisal Profession as an identified collective

voice in legislation and regulatory debate. • Represent the profession consensus to the Illinois Legislature and

Office of Banks and Real Estate (OBRE). • Provide a legislative regulatory liaison to associated professions and

industries.• Provide ongoing real time information to appraisal professionals

concerning legislative and regulatory events. • Create and maintain a forum for professional information and

education sharing amongst our members and sponsoring organizations. • Create and maintain a method of funding through membership and

information events to make the coalition self-sufficient.

Business

2011 ICAP Pre-seminar presentation