Author Archives: icapweb

Free COVID-19 Real Estate Appraiser WebinarPresented By ICAP

Free COVID-19 Real Estate Appraiser Webinar Presented By ICAP

Get answers about the best business practices and contribute in a discussion about the challenges and concerns of appraising real estate during the  COVID-19 pandemic.

Join fellow ICAP members for a webinar featuring Dr. Michael Ison the Medical Director of the Transplant & Immunocompromised Host Infectious Diseases Service, Northwestern University Comprehensive Transplant Center at Northwestern University Feinberg School of Medicine. There will be an opportunity to ask questions during the program.

Dr. Michael Ison is a leader in the respiratory viruses, he has been the first author of the three prospective interventional studies in hospitalized patients as well as a lead investigator for studies to determine how to prevent and treat influenza in immunocompromised patients and is currently the Co-Chair of the Antiviral Group of the International Society of Influenza and Other Respiratory Viruses.

Dr. Ison has recently provided advice to the President’s H1N1 Subcommittee, NIH, and BARDA on issues related to influenza in hospitalized and immunocompromised patients

The webinar is only available to ICAP Members.

To join ICAP click here.

Please make plans to attend: Thursday, MAY 14, 2019, at 10:00 A.M. (CST).

Get answers about the best business practices and contribute in a discussion about the challenges and concerns of appraising real estate during the  COVID-19 pandemic.

Date: Thursday, MAY 14, 2019

Time: 10:00 A.M. (CST)

Appraisers can submit questions in advance here

The webinar space will be limited so register today

Register For the Webinar Here

Email info@icapweb.com if you have questions about the webinar. Register today.

Special Guest Speaker

This webinar will feature a legislative update by ICAP’s new lobbyist John S. Kamis of Turing Strategies. Most recently John served in Illinois Governor Pat Quinn’s Administration as Senior Advisor for Economic Development and Legislative Affairs.

Register For The Free Webinar Here

Membership Renewals Are Due

Membership Renewals Are Due

A friendly reminder that ICAP memberships expired on January 1st, 2020 (unless you renewed your membership).

The Chicago Chapter of the Appraisal Institute and the American Society Of Appraisers pays the ICAP dues for all of its Designated Members. Be in the know, apply or renew your membership today !

Join or renew your 2020 membership on-line here, or you can mail this form with a check or use a credit card.

ICAP President’s 2019 Year End Letter-Rear View Mirror to Full Speed Ahead

Happy New Year to all ICAP Members!

A new year, the time one often looks both forward in hope and backward at what is left behind.

It has been a very busy year for ICAP.

2019, the year ICAP turned 25. ICAP is one of the longest running appraisal organizations in the country as well as one of the largest. ICAP proudly serves all real estate appraisers in Illinois, and owes that honor to all of you, our members, and those who have gone before you. Thank you!

YOUR MEMBERSHIP DOES MATTER!

On behalf of the ICAP 2019 Board of Directors, let me first say thank you to all our members for both your continued support and the privilege we have been given to serve you. Secondly, as President, let me thank each and every 2019 Director, who has voluntarily worked hard, diligently, proudly, and faithfully to fulfill this great responsibility to serve our membership. Serving you, our members, in 2019 are:

ICAP 2019 President and the Executive Committee Board of Directors:
Karen Emerle, Ron DeVries, Herbert Meyer, Lee Lansford, Ken Mrozek

ICAP 2019 Board of Directors:
Douglas Anderson, Tamara Bellisario, James Blaydes, George Collins, Patrick Felvey, Mark Gasick, TJ McCarthy, Jonathan Michie, Barbara Neal, Theodore Neff, John Satter, Susan Ulman, Brian Waibel

ICAP 2019 Legislative Chair:
Richard deVerdier

LA Anderson, our Executive Director, is officially retiring this January, 2020. LA has served and been an integral part of ICAP for 18 years. We wish her much happiness in her retirement years. We will miss her.

We welcome Sarah Walsh. Sarah joined the staff this past June, and upon LA’s retirement will be ICAP’s new Executive Director. Many of you have already met Sarah. We welcome Sarah, and look forward to working with her in the future.

The ICAP Board of Directors meet at the Downtown Chicago office five times during any typical year. The full Board meetings are open to the public. In 2019 public guests included ICAP members, former ICAP Board members, Franklin Law Group attorneys, and representatives from IDFPR. The Board was pleased to welcome at our final 2019 meeting in December, the IDFPR Director of the Division of Real Estate Mario Treto, Jr and members of his Department.

Since 2012, and to represent ICAP Illinois state appraisers, at least one if not more ICAP Directors regularly attend monthly IDFPR’s The Real Estate Appraisal Administration and Disciplinary Boardmeetings. The meetings are typically held on the second Tuesday of each month and are open to the public. ICAP encourages every Illinois appraiser who is able to attend at least one meeting.

The 2019 Illinois Appraisers Update Seminars were held in Springfield, Collinsville, and Lisle. ICAP is thankful to each of the speakers who graciously shared their appraisal experience, knowledge, and expertise, and to our members, approximately 440 in total, who attended the 2019 seminars. Thank you! We look forward to seeing you again in the summer of 2020!

On May 9th ICAP Directors and ICAP Members met in Springfield for ICAPs Annual Capitol Day event. This event provides ICAP members a chance to meet with their respective State senators and representatives. It’s a day to highlight important appraisal related legislation, request support for our positions on appraisal related legislation, and generally reminds the legislators of the importance and value a professional appraiser adds to the marketplace — providing a high level of appraisal professionalism and public trust protection to the consumer. We hope, as an Illinois appraiser and ICAP member, you will consider joining ICAP for the 2020 Capitol Day event.

ICAP’s Job Fair/Networking Event provides a venue whereby new people entering the profession and ICAP members in general have an opportunity to meet Illinois appraisal firms (employers). The event provides both prospective candidates for employers and prospective job opportunities for appraisers seeking work. Secondary, but just as important, is an opportunity to network with other appraiser professionals. The 2019 event’s guest speaker was IDFPR Director Treto.

ICAP has worked considerable long hours related to many of the changes the former Director of Real Estate made to our Illinois Appraiser Act and Administrative Rules. ICAP met with the new Department Secretary Hagan and Director Treto. As a result of our initial meeting, Director Treto issued two policy statements, published May 17, 2019. Policy Statement 2019-001 addressed implementation of CAS (Consent to Administrative Supervision) and Policy Statement 2019-002 clarified credit for continuing education courses taken between July 1, 2019 and September 20, 2019 (a.k.a. the “donut hole”). Additionally, following up to ICAPs concerns, Director Treto proposed amendments to our Rules which will bring the CE completion and license renewal deadlines back into the previously shared common September 30th date of each odd year. The second comment period ends this month. ICAP expects to see this amendment adopted by year end.

In 2019 ICAP drafted the following bills for the Illinois 101st General Assembly:

HB 2960 – Real Estate Appraiser License Bill (225 ILCS 458/5-5). As introduced, it would amend our licensing Act making it unlawful for anyone not having a license to develop a document that reports an opinion of value of real estate or uses the term “appraisal” or “market value.” Opposition to this bill from segments of the legal community has been significant.

HB2962 – Appraisal Management Recovery Fund Bill. (30 ILCS 105/5.891; 225 ILCS 459/55 459/56 459/57 459/65 459.50). Amends the AMC Registration Act to create the AMC recovery fund. It would set a maximum registration fee to be applied to the AMC Recovery Fund, regulate how remaining funds are carried forward each fiscal year, and requires a registrant to maintain a $25,000 bond.

HB2963 – Statute of Limitations/Repose Bill for Illinois Real Estate Appraisers (735 ILCS 5/13-214.5). Amends the Code of Civil Procedure regarding an action based upon tort, contract, or otherwise. A limitations/repose on appraisers while engaged in appraisal practice. Any action shall be commenced within two years from the time the person bringing an action knew or should reasonably have known of the act or commission. In no event shall an action be brought more than five years after the date the act or omission was committed. New provisions would apply to actions commenced on or after the effective date.

HB 2961 – Broker Market Analysis Bill (225 ILCS 454/10-45). The bill amends the language in the Real Estate License Act to read: “This is a broker price opinion/comparative market analysis, not an appraisal of the market value of real estate, and was prepared by a licensed real estate broker or managing broker who was  not acting as a State certified real estate appraiser, instead of: “managing broker, not by  a”…. The change in language assists the approximate 800 appraisers holding broker licenses to produce BPOs and CMAs; the statement MUST be included in the report. This passed the House, Senate, was signed into law by the Governor, and became effective July 12, 2019.

In light of President Cullerton’s recent resignation announcement, two ICAP Directors attended a fund raiser for Kimberly Lightford on December 12th.

Lobbyist Shaw DeCremer has been an integral part of our legislative efforts for the past four years. Shaw, on behalf of ICAP we thank you and are grateful for your hard work on our behalf. We wish you much success in your future endeavors.

ICAP participates in The Appraisal Foundation Advisory Council (TAFAC). An ICAP Director attends the TAFAC annual meetings.

ICAP is one of the founding state coalition members of the Network of State Appraiser Organizations (NSAO). Formed approximately six years ago, the original five have now become approximately 31 state coalitions Network affiliated members. ICAP works with the other state coalitions on appraisal related legislative issues and attends the Networks Work Group, held this year in Washington, DC.  In 2019 ICAP joined with these 30 other state coalitions in hiring an attorney to address the Appraisal Threshold proposal increasing the appraisal requirement from $250,000 to $400,000. Our request for a public hearing was denied. On August 20th, the FDIC approved a final rule officially raising the appraisal de-minimus threshold from $250,000 up to $400,000 regarding the minimum transaction amount below which an appraisal is not required for federally related residential real estate transactions. The Appraisal Institute and The Appraisal Foundation strongly object to the FDIC ruling.

ICAP joined 17 groups opposing the National Credit Union Administration proposal that would quadruple the appraisal threshold level from $250,000 to $1,000,000 for non-residential real estate transactions. The final rule was effective October 22, 2019.

The NCUA proposes to amend the agency’s regulation requiring appraisals for certain real estate-related transactions. The proposed rule would increase the threshold level below which appraisals would not be required for residential real estate related transactions from $250,000 to $400,000. Consistent with the requirement for other transactions that fall below applicable appraisal thresholds, federally insured credit unions (FICUs) would be required to obtain written estimates of market value of the real estate collateral that is consistent with safe and sound banking practices in lieu of an appraisal. For easier reference, the proposed rule would explicitly incorporate the existing statutory requirement that appraisals be subject to appropriate review for compliance with the Uniform Standards of Appraisal Practice (USPAP).  Comments must be received on or before January 28, 2020.

ICAP is a member of the Association of Appraiser Regulatory Officials (AARO). To represent Illinois appraisers ICAP sends a Director to the AARO Spring and Fall conferences. ICAP during 2018 and 2019 was given the honor to Chair AARO’s Professional Organizations Advisory Council. Coinciding with the Networks Work Group is the AARO Fall Conference, held in Washington DC. In addition to attending the 2019 AARO Fall Conference, while in Washington, DC ICAP also represented Illinois appraisers at the ASB Meeting, the Networks Work Group, and joined with other “Network” state coalition representatives in a meeting with a professional staff member for the Honorable Maxine Waters, Chairwoman of the House Committee on Financial Services. Previously, ICAP met with U.S. Representative for Illinois’s 11th Congressional District, Congressman Bill Foster in July. The meeting centered on H.R. 3619 and H.R. 2852. Congressman Foster serves on the House Committee on Financial Services and the Subcommittee on Housing, Community Development and Insurance which has been “reviewing the appraisal industry.”

ASB – ICAP Directors participated in and encouraged ICAP members to attend both the Third (January 10, 2019) and the highly unusual Fourth (March 14, 2019) Exposure Draft webinars and the live-streamed ASB Kansas City public meeting. Additionally, ICAP urged our membership to consider crafting an individual comment letter to the ASB either in support of or against any of the proposed changes to the 2020-2021 Edition of USPAP.

ICAP continues to monitor for legislation affecting the appraisal profession, threatens appraiser independence and/or the public trust in the appraisal system. ICAP will actively oppose such legislation.         As you can see, ICAP has had a busy year. But— the work is not done, it is only just beginning.

Looking forward to 2020 there are still bills to get passed, and the rewrite of the Illinois Appraiser Act will begin in earnest. ICAP will continue its “mission is 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.”

As we continue to promote and protect the interest of the appraisal profession in Illinois, we need your support. ICAP encourages all members to participate.

YOUR MEMBERSHIP DOES MATTER!

If you have not already renewed your 2020 membership, please do so today. And, please consider making a voluntary contribution to the ICAP-PAC Fund which provides necessary resources to ensure we continue to have a strong voice in Springfield. Volunteer to serve on a committee or assist with an event.

Your continued participation helps ICAP be successful in serving you and our collective profession as we continually look forward to and face the challenges ahead. We leave behind 2019, and usher in 2020 with a new ICAP 2020 Board of Directors. The 2020 Board is energized and already working. Additionally, ICAP 2020 is very fortunate to have an outstanding and strong leader in Ron DeVries.

The ICAP 2020 Board of Directors:

Ron DeVries, ICAP 2020 President.

Executive Committee Directors:
Ron DeVries, Herbert Meyer, Patrick Felvey, John Satter, Karen Emerle

Directors:
Douglas Anderson, Tamara Bellisario, Daniel Berenschot, James Blaydes, George Collins, Richard Knitter, TJ McCarthy, Jonathan Michie, Barbara Neal, Theodore Neff, Gina Reynolds, Susan Ulman, Brian Waibel

In closing, may I extend a heartfelt thank you to all our members! It has been a very special privilege to serve you!

Wishing everyone a healthy and prosperous 2020,

Karen Emerle, SRA
ICAP 2019 President
ICAP 2020 Immediate-Past President
December 30, 2019

ICAP’s 2019 Career Expo and Networking 

ICAP’s 2019 Career Expo and Networking 

Join ICAP for an evening of networking.

November 19, 2019
5:00 – 7:00 p.m.
205 West Wacker, #202 Chicago, IL

Featuring special guest speaker Mario Treto, the Acting Director of Real Estate for the Illinois Department of Financial and Professional Regulation

Food, drinks and giveaways will be provided.

Registration is limited!

If you have any questions, please contact
info@icapweb.com

Appraisers/Networkers Register For Free Here

Employers Register Here

Join These companies and more!

ICAP in Washington, D.C.

ICAP in Washington, D.C.

Thursday – October 17, 2019:

ICAP attends The Network of State Appraiser Organizations (NSAO) Meeting

Representatives from approximately 17 State coalitions (including ICAP’s President Karen Emerle, SRA) gathered in Washington, DC on October 17, 2019 at the National Association of Realtors Building. Prior to and in-between guest speakers, introductions and a synopsis covering ongoing coalition work in the different States was presented. One noted comment:  Inspections requiring “quality and condition” are not just a statement of fact, but part of the appraisal process calling for judgement by the appraiser. Guests Stephen Cannon and Allison Sheedy, partners in the Constantine-Cannon LLP firm, updated those in attendance on the Louisiana FTC case and the de-minimis threshold increase. Guests David Bunton and Kelly Davids from The Appraisal Foundation centered the discussion around evaluations, USPAP Standards, Industry Advisory Council, public meetings, Departure Rule, FIRREA, Interagency Guidelines, number of licensees, PAREA, de-minimus transaction value, waivers, HR2852, HR3619, and reports from the Government Accountability Office and Treasury. The last guests of the day were Phil Crawford (Voice of Appraisal), Jonathan Miller (Housing Notes), and John Russell (ASA Lobbyist). Topics briefly covered included bifurcation, machines, single-family investment market, bond market, waivers, LTV futures market, AVMs and modernization. Phil Crawford and Lori Noble (WVCAP) previewed and invited all to join findmyappraiser.com (owned and operated by Voice of Appraisal Productions LLC).

Friday – October 18, 2019:

ICAP attends the ASB Public Meeting and House Financial Services CommitteeStaff Representative Meeting

Attendees at the ASB Public Meetinglearned that the 2020-21 Edition of USPAP is ready for purchase, the instructors’ re-certification course is available, and the national USPAP real estate appraisal course is developed.

The public hearing centered on “Evaluations”. Chairman Miller informed the audience that the ASB was still in the information gathering stage and no decision has yet been made. He touched on the construct of FIRREA, real estate property, market value of real property collateral federal financial agencies definitions, public trust, the absence of current standards, the rising de-minimus levels, who can perform evaluations, and complying with USPAP for appraisers who perform evaluations. The ASB received 65 comment letters. Panels for the public hearing on evaluations included lenders/financial institution contractors, state appraiser regulators, and professional appraisal organizations. Representing the lenders/financial institution contractors were Sharon Whitaker (ABA), Katherine A. Owen (BofA), Mark Chapin (REVAA) and Gerald (Jerry) Yurek, (PNC Bank). The state appraiser regulators included Bruce Unangst (LA Real Estate Appraisers Board), Kristen Worman (Texas Appraiser Licensing and Certification Board), Neva Conway (AL Real Estate Appraisers Board), and Gae Lynne Cooper (OR Appraiser Certification and Licensure Board). Jim Murrett (AI), Francois (Frank) K. Gregoire (NAR), John Russell (ASA), and William Riedel (Network of State Coalitions) offered perspective for the professional appraisal organizations. Each panel presentation was followed by a Q & A session. The Evaluation Standards in USPAPconcept paper and written comments received can be found on the Appraisal Foundation website:  https://www.appraisalfoundation.org/imis/TAF/Exposure_Drafts.aspx

“NETWORK” State coalition representatives had an opportunity to meet with Pierre C. Whatley. Part of the Honorable Maxine Waters, Chairwoman, of the House Committee on Financial Servicesprofessional staff, Mr. Whatley provided the appraiser coalition representatives amble time to discuss a variety of current issues surrounding the appraisal profession. Some of the topics touched upon were:  Modern technology, rural “shortage” issues, the AMC role, FRTs, de-minimus, TRID, waivers.

Saturday – October 19, 2019

ICAP attends the AARO 2019 Fall Conference

Saturday morning activities included three “Round Robbin” topics: New AARO Website, How Evaluations Co-exist in a USPAP World, and TAF Resources for State Regulators.

Seven bids with each provider having a different idea for the New AARO Website.Panelists Brandy March (IA) and Corey Kost (ND) provided a preview comparison between the current and the NEW website. Development goals included the ability to increase effectiveness, utilization, and usability. Selected for ability to expand, provide AARO vetted CE offerings, add/change features, and additional future potential use options. The vision for the new website included such items as event emails, administrative efficiencies, payments, discussion forums/blogs, links to each State’s rules, statutes, program administrators, et cetera.

Panelists Gae Lynne Cooper (OR), Wayne Miller (ASB), and Paul Ping (CBRE) presented How Evaluations Co-exist in a USPAP World. Approximately ten states, including Tennessee, Virginia, and Utah, are considering “evaluation exclusions” to their ordinances. Panelist Cooper stated Oregon allows for unlicensed people to do evaluations. Effective January 1, 2020, ORS 674.100 is amended to allow state licensed or state certified appraisers to perform evaluations if the evaluation includes a disclaimer as specifically stipulated in the amendment: “I am a state licensed appraiser or a state certified appraiser. This evaluation was not prepared in my capacity as a real estate appraiser and might not comply with the uniform standards of professional appraisal practice.”Link: https://olis.leg.state.or.us/liz/2019R1/Measures/Overview/SB109. Panelist Miller said that USPAP wasn’t developed specifically to dictate what or what not a financial institution can do. Within USPAP, it doesn’t really matter what you “call it,” it is an appraisal (ref: USPAP AO 13 2018-2019 Edition). The Interagency Guidelines carve out exemptions and describes the minimum content that should be included in an evaluation. Panelist Ping focused on evaluations from a financial institution perspective. Outlining the various necessary items to be included in the evaluation, (client, intended use, interest being valued, approach to value, H & BU, MV, Exposure Time, Certification), Mr. Ping believes an appraiser can perform an evaluation and comply with USPAP as the Interagency Guidelines say: “must use someone who is knowledgeable on real estate in that market to render that opinion.” Interagency Guidelines are the rules for banks to follow. While each institution is different in deciding who does or does not get an evaluation and/or appraisal, the Guidelines provide instruction that each financial institution has in place risk based programs to manage appraisal and evaluation products, establishing how the institutions obtain these products. Evaluations on what is considered a “low risk” loan today, tomorrow might no longer be considered “low risk.” Final thoughts posed to the audience: “Who should do evaluations? Should appraisers be mandated to follow USPAP?”

TAF Resources for State Regulatorspanelists were David Bunton (TAF) and Kelly Davids (TAF). Their presentation covered AQB Course Approval Programs, Voluntary Disciplinary Action Matrix, AQB Real Estate Degree Review Program, Resources, and State Regulatory Advisory Board. All jurisdictions utilize the same licensing exams. The current pass rate is 65% and it is believed the pass rate should never be above 70%. The Investigator Training Program is one of the most successful programs and is realized through AARO. Three levels of instruction, taught by regulators very familiar with the topics and also are the subject matter experts on the material. 100% of the cost is reimbursed by the ASC. Each state is allowed two participants. If openings exist, more are allowed. There is a “wait list.” The courses are offered throughout the country, so everyone has access. The Voluntary Disciplinary Action Matrix grid (2008-2009) was based on parameters from the Arizona Appraisal Board. There are five levels of disciplinary action, minimum to maximum disciplines. The 2020-2021 Matrix will soon be up on the website. The AQB Real Estate Degree Review Program includes the AQB approved degrees in Real Estate list which can be found on The Appraisal Foundation website (http://appraisalfoundation.org.) Twenty (20) programs have been approved. TAF has a number of resources available:  U-tube channel includes AF “Who We Are”, a number of videos (first one in 2010) and webinars, some of the brochures have been made into videos. The resources found on the website may be reproduced and used. Developed from the Level I Investigators course is a four hour Introduction to Terms and Concepts of USPAPcourse. Residential Review and USPAP Compliance. Multiple brochures, fact sheets and other information is available (ASB and USPAP, AQB and Minimum Qualifications, Restricted Appraisal Reports, TAF Fact Sheets.

Mr. Bunton and Ms. Davids are available for speaking engagements, mostly at their expense. See link for additional information:

http://tafapp.advsolhosting.net/imis/TAF/About_Us/Request_a_Speaker/TAF/speaker.aspx?hkey=eb1d75a5-edb9-4300-8f3b-63e273095cf1

The Q and A Forum, Standards and Qualifications typically provide a 24 hour response time. If a question has broader implications, it is posted on their website. There are now over 400 Q and A’s posted by tag lines on the website. It can be found under Standards and Qualifications on the home page. The link is: https://www.appraisalfoundation.org/imis/TAF/Standards/Q_As/TAF/QAs.aspx?hkey=29db1bf8-827d-4f7b-b525-06ac9f596637

Corrective education is now available online. While anyone can take these courses (cost $250-$300), they are not IDEC approved and are not approved for CE in any of the jurisdictions. Four courses are currently being updated to 2020-21 USPAP.

http://tafapp.advsolhosting.net/imis/TAF/Resources/Courses/Corrective_Education/TAF/Corrective_Education.aspx?hkey=cc07ba59-d601-4c3c-9d37-ec5750dbbf94

Four new courses will be coming out next year (2020): (1) Missing Explanations, (2) Extraordinary Assumptions and Hypothetical Conditions, (3) Competency, and (4) Reconciliation of Comparable Sales.

The AF vision and mission statement(s) is about maintaining Public Trust in Valuation. As such, it was suggested “we should talk with and not at each other”.http://tafapp.advsolhosting.net/imis/TAF/About_Us/TAF_Boards/TAF/TAF_Boards.aspx?hkey=7b71f017-fd58-4c72-bf3c-90fdfb06cd56

USPAP: In April, released the course outline. Mid-summer, the course given to course providers. Online approval to states, and in the next several weeks, it will be online and on the streets. TAF requested a grant, which is awaiting approval, in order to provide each jurisdiction with two copies of the 2020-21 Edition of USPAP.

http://tafapp.advsolhosting.net/imis/TAF/Standards/Appraisal_Standards/Uniform_Standards_of_Professional_Appraisal_Practice/TAF/USPAP.aspx?hkey=a6420a67-dbfa-41b3-9878-fac35923d2af

Afternoon sessions included Job Function Breakouts. Two cycles per job function, some of which were closed to the public.

ICAP attended the Education Providers, Appraiser Associations & Appraiser Related Organizations session, moderated by Deanna Ilk (ASFMRA) and Charlie Gress (OCAP). The main topic of discussion centered on the “Standardization of CE Amongst the States” initiative. The initiative would provide: (1) an easier way to obtain CE approval from other states once credit for a CE course has been approved by one state, (2) a reciprocity site listing which courses are approved in each state, (3) a national portal for licensing, (4) interstate agreements in place between states providing automatic approval in next state, (5) core set-up requirements in each state equal to requirements in other states, and (6) maintaining state fees. Additional discussion topics were: (1) standardization of licensing; national mortgage licensing system, (2) ASC application for grant money in order to do review work, (3) current disciplinary issues would suggest a potential “current topic of interest” that might be developed as a CE course, and (4) potential ways to better the practitioners. Texas already has a model—peer review work. Ohio, “Appraisers Helping Appraisers”.

Sunday – October 20, 2019

ICAP attends the AARO 2019 Fall Conference

Advisory Council Meetings held in the morning included the Professional Organizations Advisory Council, chaired by Karen Emerle (ICAP). The APOAC meeting discussed topics related to the four identified responsibilities of the council. Compliance with education and qualifications requirements included the agreement amongst states for minimum CE approval requirements, interstate formal agreements, the hope all jurisdictions would participate, and suggestions for approving those CE topics/courses mandatory within a specific jurisdiction. Appraiser challenges consistent with regulatory authority the participants felt were still the top two issues are evaluations and waivers. For promoting appraiser professionalism within their jurisdictions, suggestions that might be considered for implementation revolved around how to encourage their licensees to join a related professional organization, provide a peer review/mentoring program with qualified instructors/mentors, and how to qualify one as an instructor/mentor. To do this, it was suggested an AQB Certified USPAP Instructor be used, and/or provide an educational program which would qualify an individual to become an approved instructor/mentor.

The Trainee Progress Monitoring presentation was presented in the afternoon. Panelists were Claire Brooks (ASC), Diana Piechocki, (AR), and Dee Sharp (WA).

Panelist Brooks reiterated the AQB Criteria for trainee supervisors and the difference between some state requirements as to the number of trainees allowed each supervisor. She felt the biggest hurdle is finding competent supervisors. The challenge is to find a proper balance without making the criteria too restrictive and stringent. Suggested a supervisor could have more than three trainees provided the following three things were in place: (1) progress monitoring (2) supervisory certified appraiser qualifications (3) supervision and oversight requirements of supervisory appraisers. Progress and monitoring definitions should be given.

Panelist Sharp spoke about Washington State’s current program. Ms. Sharp felt the biggest challenge is getting into the industry, finding a supervisor. Washington’s rules/laws for a supervisor with more than three trainees is to “not to exceed eight in all progress levels at any one time.” Mentoring plan and an application to the Department which allows the trainee to have the State do a “review (check)” of their report in the first six months. One can be an appraiser and a business owner, but not necessarily a “teacher”.

Panelist Piechocki, the current Director of the Arkansas Appraiser & Licensing Board, has prior experience as an investigator (4 years) and as an appraiser (19 years). The AR Board is a decision making board consisting of ten members (7 practicing appraisers, and one each consumer representative, banker, and senior citizen). In 2014, AR decided they did not want to allow outside education providers to offer the supervisor/trainee class. They use the AQB Criteria plus AR requirements. Director Piechocki meets every trainee, knows them well, as she shepherd’s them through the process, and says the criteria is an “opportunity wrapped up in a requirement.” Director Piechocki stated Arkansas has not as yet adopted this as a requirement: She is suggesting that the first trainee log must be submitted at 500 hours (or 496, et cetera.) The idea is to make sure the trainee is getting started correctly. The next log submission would be at 1500 hours. It would include a recently completed report of their choosing. This submission would check whether or not the trainee was continuing to perform any identified corrections noted from the first log review. If the trainee is not signing the report, they want to know the trainee is being duly noted in the report for experience credit. The final experience log is submitted with the trainee’s application to upgrade. Once all the required items are received, then the trainee must come in for an interview. If the process has not been followed, then the Board can file a complaint against the supervisor. The trainee can’t practice before their credential is issued.

Monday – October 21, 2019

AARO 2019 Fall Conference

The day’s general sessions included four presentations: (1) Modernization of Title XI- Prospects for a Nationwide Appraiser and AMC Licensing System, (2) Different Perspectives on Background Checks: State, Federal & Others, (3) Casual Conversation with the ASC about Reciprocity, and (4)AMCs- Behind the Scene: Functions, Operations & Quality Control.ICAP was not in Washington, D.C. for Monday’s sessions. However, if interested the PowerPoint presentations should eventually become available on the new AARO website: https://aaro.net/

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