Every year since 2000 The Illinois Coalition of Appraisal Professionals (ICAP) has presented its Illinois Appraisers Update Seminars which host several hundred professional appraisers from around Illinois who are dedicated to remain updated in the latest topics in the real estate appraisal profession.
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
October 16, 2015:
by Karen Emerle, SRA
ICAP is one of 21 State appraiser coalitions currently participating in the Network of State Appraiser Organizations (NSAO). On October 16, 2015, NSAO held a Work Group meeting at the National Association of Realtors (NAR) offices in Washington, D.C. NAR graciously provided use of their conference room for NSAO’s day-long meeting.
ICAP Director, Karen Emerle, SRA, attended the afternoon segment. She was one of 15 members, representing 13 State appraisal coalitions, present at NSAO’s Washington, D.C. Work Group meeting. Current issues affecting appraisers, legislation and/or litigation updates relevant to the individual States were shared by participants. The Work Group will continue to pursue issues germane to all State coalition members.
NSAO’s focus is on improving the appraisal industry and protecting the consumer. In an effort to further those goals, participants agreed future meetings should be bi-annual and scheduled to coincide with AARO’s Spring and Fall conference dates and locations.
Mortgage Bankers Association (MBA) representatives William Kooper, MPA, Tamara I. King, and Matt Jones attended the afternoon meeting. William Kooper, MPA, is the Associate Vice-President of State Government Affairs & Industry Relations. Tamara I. King is the Associate Vice-President of Loan Production and Member Engagement, Residential Policy. Matt Jones is the Regulatory Assistant, Residential Policy and Member Engagement.
The dialogue focused on topics of concern and interest to NSAO members. Recent FHA/HUD compliance issues raised the question, “What is the responsibility of the appraiser versus the lender’s responsibility?” Various vendor management practices which affect or could affect appraiser independence, the latent time delay utilized when ordering appraisals, Fannie Mae and CU issues, and the change needed which would allow appraiser trainees to sign reports were discussed.
MBA noted under the new Rule, effective August 10, 2015, AMCs are required to report every appraiser on their panel. How does the AMC National Registry database get built? What fields should be built into it? In those States that already have AMC regulations, what is working, and what is not working? The link to the Federal Register, Vol. 80. No. 110, Minimum Requirements for Appraisal Management Companies; Final Rule is: http://www.gpo.gov/fdsys/pkg/FR-2015-06-09/pdf/2015-12719.pdf.
MBA was receptive to finding areas in which a consensus might be reached and/or areas where working together would be beneficial to all parties involved. ICAP will keep its members updated as things develop.
ICAP’s 2015 Lobby Day, Capitol Visit & Reception
Free for ICAP Members
Illinois Real Estate Appraisers will gather in Springfield on May 6th for an ICAP Lobby Day.
Includes lunch & appetizer reception.
Support ICAP’s proposed legislation, HB2664, which would amend the Appraisal Management Company Registration Act providing for an Appraisal Management Company Recovery Fund, and HB3333 which would amend the Real Estate License Act of 2000 allowing Appraisers who hold a brokers license to perform Broker Price Opinions. Talk directly with your legislators about issues that affect the real estate business!
ICAP will establish an “appraiser presence” in Springfield Illinois in an organized effort lead by our lobbyist Andy Raucci. Participants will lobby our states Capitol demonstrating that Illinois appraisal profession made up of professionals who recognize the importance of being actively involved in the political process.
|11:00 a.m. – 11:45 a.m.||Registration|
|11:45 a.m. – 12:45 p.m.||Legislative Briefing & Lunch|
|1:00 a.m. – 1:30 p.m.||Capital Tour|
|1:30 a.m. – 4:00 p.m.||Capitol Visits|
|4:00 p.m. – 4:30 p.m.||Capitol Photograph|
|4:30 p.m. – 6:00 p.m.||Reception|
It was on this day (December 20th) 1994 that the Illinois Coalition of Appraisal Professionals summited their articles of incorporation to Illinois Sectary of State. According to ICAP’s Articles of Incorporation ICAP’s purposes and powers are as follows:
1. The Corporation is organized and shall be operated to promote the common interests of real estate appraisers licensed or certified by the State of Illinois;
2. To educate and communicate with members of the appraisal profession about legislative and regulatory issues;
3. To represent the interests of members in government affairs by monitoring, proposing, supporting or opposing laws, regulations, rules, and/or proposals that affect the appraisal profession at the local, State and National levels;
4. To establish and maintain contacts with legislators, regulators, and related professional organizations;
5. To consult with or engage, when necessary, a professional government relations firm to provide assistance in connection with the State regulatory, legislative, and/or administrative matters concerning the appraisal profession;
6. To foster and promote the appraisal profession to the general public through communication, research, and publications;
7. To raise funds necessary to administer the Coalition and use such funds to carry out the purposes and objectives of the Coalition; and
8. To support the maintenance and improvement of the Uniform Standards of Professional Appraisal Practice (US PAP) and its effective enforcement by the State.
ICAP’s 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.
20 Years later ICAP remains dedicated to its purpose and mission and looks forward to another 20 Years!