ICAP-LEGISLATIVE ALERT

LEGISLATIVE ALERT – Call Your State Representative IMMEDIATELY and urge them to vote NO for Senate Bill SB3237 –Real Estate Appraisal Waiver

Your help is urgently needed. Please contact your State Representative and ask them to vote NO on Senate Bill SB3237. This amendment to the Illinois Real Estate Appraisal Act provides that a license is not required to perform valuations if the valuations are performed by an employee of a municipality if the valuation is in an amount not to exceed $10,000 and meets other specified conditions. This would be effective immediately.

To read more about the bill click:

http://www.ilga.gov/legislation/BillStatus_pf.asp?DocNum=3237&DocTypeID=SB&LegID=64282&GAID=11&SessionID=84&GA=97

The specific committee members we are trying to reach could be found at the following link: http://www.ilga.gov/house/committees/members.asp?CommitteeID=961&GA=97

If you need assistance locating your State Representative, click on the following link:

http://www.elections.state.il.us/DistrictLocator/DistrictOfficialSearchByAddress.aspx

When the page opens enter your home address. Click on the name of your State Representative. You will be directed to a page with their contact information.

Here is a possible script that you can use when calling or emailing your elected representative:

ICAP (IL coalition appraiser professionals) represents all most half of the certified appraisers in Illinois

We oppose the proposed amendment  SB3237

The IL Appraisal Board also opposes this amendment

We have concerns with non-certified appraisers filling out the waiver valuation forms, they are appraisals.

Currently, the state statue says you must be a state certified appraiser to complete appraisals on federally related transactions.

The waiver valuations require an estimate of market value, H & B use analysis, and estimate of damages.  To determine if any damages are created, must appraise the entire property before the proposed take, and after the proposed take to see if there are any differences.

THIS IS AN APPRAISAL

Our state stature currently does not even permit an appraiser trainee to develop an opinion of market value on a $10,000 vacant lot …………..why should an employee of the municipally be permitted to do this ?

The waiver valuations are completed and offers are made to the consumers’ to purchase their property, they need to be completed by certified appraisers to protect the consumer…………….it is the law

Please call your State Representative immediately and ask them not to support Senate Bill SB3237.

If you have any questions please email or call Jim Blaydes, SRA @ jim@jrblaydes.com or 815.223.1110

CONTACT YOUR STATE REP NOW!!!

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About icapweb

ICAP was established in 1994 to be a unified voice for Real Estate Appraisers in the State of Illinois

Posted on April 12, 2012, in ICAP and Congress, Illinois License Law, Illinois Real Estate Appraisal Act, Legislative Alerts and tagged , . Bookmark the permalink. Leave a comment.

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