ICAP Received A Letter From U.S. Senator Tammy Duckworth

The letter thanked ICAP for contacting her to share ICAP’s views on S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act.

The letter goes on to state that after careful consideration, Ms. Duckworth voted against this legislation because she could not support provisions that would weaken prudential standards for large financial institutions that helped cause the 2008 financial crisis or undermine some of the critical consumer protections that were put in place after the Great Recession.

Click here to read the letter ICAP Received from U.S. Senator Tammy Duckworth


2018 ICAP Memberships Are Now Available

2018 Memberships Are Now Available

Renew Your ICAP Membership Today!

ICAP represents its member’s interest at all Illinois State Appraisal Board Meetings, the Association of Appraiser Regulatory Officials meetings the Appraisal Foundation Advisory Council meetings, as well as other state and national meetings:
ICAP’s dues remain unchanged at only $85 per year.

ICAP is committed to being on the forefront of protecting Illinois Appraisers, advancing the profession, and protecting the public’s trust in real estate appraisal.

Real estate appraisers are skilled professionals who make a difference. Your ICAP membership gives you:

  • A subscription to the ICAP Advantage newsletter, providing you with important industry email 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
  • Access to the ICAP job search page
  • Access to the thousands of industry links
  • Free listing in the ICAP statewide directory
  • Access to the industries best minds and most trusted resources for industry question and assistance on numerous issues
ICAP provides information; experiences and a network that help you grow as a leader in your profession. We are advocating for you in Illinois state legislature and at the state licensing board.  Your dues support these efforts.

ICAP Signed A Letter Regarding The Waiver Of The Requirement To Utilize a Certified Appraiser

The letter is in responce to a temporary Waiver Request by TriStar Bank.  The letter states that based strictly on the partial information included in TriStar’s November 20, 2017 letter to the ASC, the request does not appear to follow the regulations adopted by the FFIEC and ASC regarding the receipt, processing and consideration of temporary waiver requests.  Further, TriStar’s request includes requests that fall outside of the authority of the ASC.

Read the letter here.

ICAP Signed A Letter Regarding The Waiver Of The Requirement To Utilize a Certified Appraiser

VIDEO: Why are you an ICAP Member ?

Five members of ICAP’s Board of Directors share why they are members of ICAP. The five individuals featured in the video are: Barton DeLacy, MAI, ASA, AI-GRS, ASA, John Satter, MAI, Ken Mrozek, MAI, SRA, ASA, Barbara Neal, and Ivette Collins, MAI.

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.

Join ICAP at http://www.ICAPweb.org

Fourth Quarter President’s Message, The NAIFA-ASA Merger: Harbinger Of Things To Come?

The NAIFA-ASA Merger: harbinger of things to come?
By P. Barton DeLacy, ASA
2017 ICAP President

Two of ICAP’s founding organizations, the ASA and the NAIFA, have agreed to merge. What does that mean for our members and the Illinois Valuation Community?

I have served on the ICAP Board since 2010, representing the ASA. I joined the The American Society of Appraisers (ASA) nearly 20 years ago, even though I had long been an MAI.   I was working for Arthur Andersen then and I learned “valuation” covered much more than just real estate. Through ASA classes, and more importantly, through working with valuers expert in business, machinery and personal property, I became at least conversant (if not proficient) in their disciplines. It deepened my understanding of real property values as well.

As a longtime ASA member, I welcome the new association with NAIFA. I now hold multiple designations, each focused on a variable client or professional colleague base- but I am no fan of our penchant for more and more letters after our names. Indeed, the more letters, the less weight they carry.

The merger of ASA and NAIFA is a hopeful sign of consolidations to come. The ASA is, perhaps, the original multidisciplinary valuation society, while the National Association of Independent Fee Appraisers (NAIFA), based here in Chicago, has provided ICAP disproportionately strong leadership through the years.

Nationally, the merger will add the nearly 800 NAIFA real estate appraisers to ASA’s more than 5,000 multidiscipline credentialed valuation professionals in over 75 countries. ASA touts 63 chapters throughout the world, but one of its most successful chapters is based here in Chicago. However, the Chicago ASA Real Property contingent is relatively small.   The infusion of NAIFA members will easily triple its size.

Real Property is just one of several asset disciplines within the ASA. I look forward to the ASA-NAIFA team to serve as a catalyst there to broaden ICAP educational offerings and provide avenues for professional advancement to all our members.

Please renew your membership in ICAP and stay involved.

On a personal note, it has been my honor to serve this coalition as President this year.

Ave atque Vale,

29 November 2017

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