2011 icap pre-seminar presentation
DESCRIPTION
2011 ICAP Pre-seminar presentationTRANSCRIPT
WELCOME TO THE 2011
ILLINOIS COALITION OF PROFESSIONAL APPRAISERS (ICAP)ILLINOIS APPRAISER UPDATE SEMINAR
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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
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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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ICAP 2011 Officers: President: Sharon Bagby Vice President: John Shanahan Treasurer: Tamara Bellisario Secretary: Rick Hiton
Immediate Past President: Jim Blaydes
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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
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Visit ICAP’s New Website
www.ICAPWeb.Com
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ICAP was established in 1994, and is
supported by the following sponsoring organizations:ICAP
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Visit ICAP’s BLOG
www.ICAPWeb.Wordpress.com
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Find ICAP on Facebook:
www.facebook.com/ICAPweb
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Follow ICAP on Twitter:
@icapweb
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Join ICAP’s Linked in Group:
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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.
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ICAP Member Benefit:
Representation in Springfield, IL
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ICAP Member Benefit:
Strength in Numbers(Over 1,300 Members)
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ICAP Member Benefit:
Constant Contact(Regular E-mail Updates and Social Media Campaign)
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ICAP Member Benefit:
Job Search (Bulletin board for appraisers seeking employment )
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ICAP Member Benefit:
On Line Appraiser Tools (Hundreds of appraisal related links at
our website www.icapweb.com)
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ICAP Member Benefit:ICAP Summer Seminars (Education/Networking)
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ICAP Member Benefit:Find an Appraiser:
(Potential clients can search ICAP members by name, city, postal code, or county )
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ICAP Member Benefit:Discount’s on Office Max Products & Services:
(Go to www.Officemaxsolutions.com, enter ICAP username and Password)
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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)
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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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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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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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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.