8:00am – 8:30am Registration, Vendor Showcase, and Continental Breakfast
8:30am – 8:45am Welcome & Introductions from 2017 ICAP President Barton DeLacy, ASA, MAI, AI-GRS, CRE, FRICS
8:45am – 9:35am Know Your Role – Appraising, Ethics, and the Law
Craig Capilla, Franklin Law Group
9:35am – 9:50am Breakfast and Vendor Showcase
9:50am – 10:40am Current topics in Cost Approach and Using for Adjustment Support,
James Siebers, Content Specialist, CoreLogic
10:40am – 11:30am Business vs Real Property Appraisal
Dan Daitchman, Manager, Great American Group Corporate Valuation Services
11:30am – 11:45am Vendor Showcase Introductions
11:45am – 12:45pm Lunch & Vendor Showcase
12:45pm – 1:15pm Springfield Update
Shaw Decremer, ICAP Lobbyist, Shaw Decremer Consulting, LLC
1:15pm – 2:15pm Update on The Appraisal Subcommittee, The Appraisal Foundation, TAFAC, AQB
David Bunton, President, The Appraisal Foundation
2:15pm – 3:15pm State of the Chicago Apartment, Office, Retail, and Industrial Markets
Brandon Frankel, Market Analyst, Chicago Market, CoStar Group
3:15pm – 3:30pm Break & Vendor Showcase
3:30pm – 4:30pm Regulatory Update
Brian Weaver, Appraisal & AMC Coordinator, Illinois Department of Professional & Financial Regulation
4:30pm Closing Remarks
5:00pm – 7:00pm ICAP PAC Social
President’s Message: A Theme for ICAP in 2017 and Beyond
Appraisal Professionals – what does that really mean?
Professional, per Webster’s Dictionary is defined as one “possessing great skill in a specialized field, one with assured competence.”
Profession is further defined as “an occupation or vocation, a calling, requiring training in the liberal arts or the sciences and advanced study in a specialized field.”
Historically, “professions” were limited to the practices of medicine, law or religious clergy. Today we also attribute “professional” to the fields of personal and financial services; so add accounting, if not “wealth management.” In the building trades we have architects and engineers. And while so many of these fields are focused on client assistance, arguably valuers are above all -as neutrals in service to the public alone. Only clergy have a higher claim, in their dedication to the Almighty.
Professionals are generally esteemed for their expertise, but also for their evident success – too often measured merely in monetary terms.
But what truly sustains professional services are long term client relationships. Think about what the professionals in our own lives and businesses may provide us: they counsel, they teach, they may save us money, sometimes they make us money, sometimes they fix problems, sometimes they even cure. On rare occasion they perform seeming miracles. They earn our respect and esteem.
Now, let’s look at the typical appraisal “business.” Ask yourself, do we really develop the kinds of clients who would respect us as professionals?
Who would most appraisers list as their clients? Banks, lending agencies and government regulated institutions? Too often our work product, “the appraisal” is viewed by such clients as a mere commodity. Quality and insight have been so homogenized all that differentiates one provider from another is cost and turn-time. Then, this work product, truly an expert opinion of value, is subject to heavy regulation with severe penalties for non-compliance.
Let’s look at our sister professionals in the law and accounting fields. Yes, the drafting of some contracts, the filing of some taxes are surely commodity services that underpin many businesses. Yet, most lawyers and accountants grow in their profession by leveraging their specialized knowledge and skills to also provide counsel. Professionals help their clients solve problems. They aspire to become trusted advisors. So should appraisers.
Perhaps ICAP can help our members in a small way by giving them a voice with our regulators and tools with our seminars. If ICAP has a theme this year, it is to help our members grow their business and become better respected by our clients. Respect within the firms where we work, be it brokerages, banks or government agencies. For those in the fee business, perhaps we can help you grow your client base beyond lenders and develop the kinds of sustaining relationships that truly value your good counsel.
Barton DeLacy, MUP
ASA, MAI, AI-GRS, CRE, FRICS
President, Illinois Coalition of Appraisal Professionals (ICAP)
ICAP’s 2017 Seminar Registration Is Now Open
In response to the new CE deadline for Illinois appraisers (appraisers will need to have completed all of their 28 hours of continuing education by June 30th) ICAP has moved up its annual seminars.
Don’t delay…reserve your space today. Click here to register.
Dates and Locations:
Lisle, IL – May 8, 2017
Lisle Sheraton Hotel
3000 Warrenville Road
Lisle, IL 60532
Springfield, IL – June 5, 2017
3000 S Dirksen Pkwy
Springfield, IL 62703
Collinsville, IL – June 12, 2017
1000 East Port Plaza Dr.
Illinois Coalition of Appraisal Professionals
205 W. Wacker Dr., #202
Chicago, IL 60606
Dear Illinois Appraiser,
In a year when regulatory if not professional challenges abound, it is time to renew your annual ICAP membership. As you may know, ICAP (Illinois Coalition of Appraisal Professionals) represents its member’s interest at all meetings held by the Illinois State Appraisal Board, the Association of Appraiser Regulatory Officials, the Appraisal Foundation Advisory Council, as well as other state and national gatherings. Importantly, ICAP continues to gain visibility and access to key legislators around the state.
Presently, we continue to work with the Illinois Department of Financial and Professional Regulation (the IDFPR) to assure fair dealings between appraisers and Appraisal Management Companies (AMCs). Another emerging issue is securing an appraiser specific statute of limitations to limit professional exposure for tortious claims based on alleged appraiser malpractice. Such issues affect all real estate appraisers regardless of practice area.
ICAP is committed to being on the forefront of representing Illinois Appraisers, advancing the profession, and protecting the public’s trust in the real estate appraisal process. Real estate appraisers are trusted professionals who provide independent, impartial and objective opinions of value.
Your ICAP membership gives you:
• A subscription to the ICAP Advantage newsletter, providing you with industry updates and alerts
• Discounts on the ICAP summer seminars
• Tuition discounts on sponsoring organizations offerings
• Representation in Springfield on legislative issues with a full time lobbyist
• Access to the ICAP education and events calendar along with the ICAP job search page
• Access to the thousands of industry links
• Free listing in the ICAP statewide directory
• Access to the industry’s best minds and resources.
Your Membership is needed to continue to support the organization. ICAP provides incomparable information, collective experiences and a network of professionals to help you grow as a leader in your business and community. We are your advocates.
Your dues support these efforts, thank you.
P. Barton DeLacy, ASA, MAI, AI-GRS, CRE
2017 ICAP President
Webinar topics discussed include submitted questions, the recent Congressional Hearing, legislation, and upcoming events.
The audio of the webinar could be found here
The powerpoint presentation could be found here