Daily Archives: November 2, 2011

Number of Illinois Appraisers That Renewed Their Licenses

According to the Bureau of Labor Statistics Occupational Outlook Handbook (2010-11 Edition) the employment of real estate appraisers and assessors of real estate is expected to grow slower than average over the 2008-2018 decade (increasing by 5 percent).  That being said, the decline in the number of Illinois licensed appraisers is not isolated to Illinois, but a national dilemma. Below is the number of Illinois appraisers that renewed their licenses as of  October 2011:

Number of Licensees

The Bureau of Labor Statistics goes on to say that although opportunities for established certified appraisers are expected to be available in active real estate markets, aspiring entrants to this occupation may have difficulty locating a trainee position because traditional sources of training positions, such as real estate offices and financial institutions, increasingly prefer not to take on new trainees.

The cyclical nature of the real estate market has a direct effect on the job prospects of appraisers, especially those who appraise residential properties.  In times of recession, fewer people buy or sell real estate, causing a decrease in the demand for appraisers.  As a result, opportunities will be best for appraisers who are able to switch specialties and appraise different types of properties.

ICAP will continue to promote the interest of the professional appraiser in Illinois, but we can’t do it alone.  ICAP is in the process of cleaning up the ICAP Member Database, as we prepare to send out the 2012 dues notices later this month.

Please take a moment to go to the ICAP website www.icapweb.org and update your member information. Important information is missing on many of our members profile page…like an address, which comes in handy when someone is searching for an appraiser on our online statewide database. Also missing are designations, professional affiliations, license type, etc. Let me us know if you are receiving multiple e-mails or if you know someone in your office that never gets our e-mail announcements.

ICAP has close to 2,000 members, but we still would like to see more appraisers join us across the state.  This year ICAP worked to write and pass the Illinois Appraiser Act and the AMC Registration Act, which starts on January 1, 2012. We are now working with the state on drafting the RULES for both laws.

So, if you know of an appraiser who does not belong to ICAP, invite them to join.  We continue to upgrade our website and our “links page” which has just about every link an appraiser could ever need.

Please e-mail tj@tjmccarthy.com if you need to update anything; however, most of the corrections or changes you can make yourself on your member homepage, which pops up as soon as you sign on.

Thanks for your continued support


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