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Chapter FYI from AI

Chapter FYI

April 10, 2017

In this Issue

April 14 – Nominations for Lifetime Achievement Award & Outstanding Service Award due
May 3-5 – LDAC Conference
May 15 – Tax Returns due (Minimum Chapter Criteria)
June 8-11 – Annual Conference, Ottawa, Ontario, Canada
June 30 – Chapter Elections deadline (Minimum Chapter Criteria) 
July 1 – Chapter Awards Program application deadline 
Sept. 1 – Leadership Resource Registry submissions due
Oct. 26-27 – Chapter Leadership Program, Intercontinental Hotel, Chicago
The Appraisal Institute would like to recognize some of the brightest, most committed and deserving AI professionals. If you believe you know an AI professional who fits the criteria for either the Lifetime Achievement Award or the Outstanding Service Award, please nominate that person. Submissions for the Lifetime Achievement Award and the Outstanding Service Award must be completed by April 14. Announcements of the awards will take place at the Appraisal Institute’s International Valuation Conference June 8-11 in Ottawa, Ontario, Canada.
Lifetime Achievement: The Lifetime Achievement Award is presented to an AI professional who best demonstrates high ethical standards; contributed to the Appraisal Institute at the chapter, regional, national and/or international level(s); provided service to his or her community; and contributed to the appraisal profession. A minimum of 20 years of service is recommended to be eligible for this award.
Outstanding Service: The Outstanding Service Award is presented to an AI professional who has contributed ideas, service hours and dedication to ensure a specific program or effort is implemented at either the chapter, region, national and/or international level(s). This AI professional must be instrumental to the success of the program or effort, which also must be far enough along to measure and provide proof of success. Additionally, the program or effort must be beneficial to chapters, regions, national, international, Designated Members, Candidates, Affiliates, Practicing Affiliates and/or the profession.
For more information or to nominate an AI professional, click here.
The Appraisal Institute and the Appraisal Institute of Canada will co-host the International Valuation Conference, which will be held June 8-11, in Ottawa, Ontario, Canada.
The keynote speaker is Dr. Joe MacInnis, a physician, scientist, author and deep-sea explorer. He is a leadership and teamwork expert who has led or participated in more than 50 of the world’s most important expeditions and has logged more time beneath the surface of the Arctic Ocean than any other scientist. MacInnis also was among the first to dive to the Titanic wreckage.
Attendees at this year’s conference can expect:
Interesting and informative speakers;
Exhibits of valuation products and services;
Opportunities to network with peers;
An awards dinner and reception;
Extensive education session options; and
Chances to explore the city of Ottawa.
Get recognized for your hard work and achievements during the past year! The national office is now accepting applications for the 2017 Chapter Awards Program. The following awards will be presented to winning chapters at the 2017 Chapter Leadership Program in Chicago, Oct. 26-27:
State Government Relations Award
Newsletter Award
Hot Topic/Special Projects Award
The deadline to apply is July 1. Learn more about the 2017 Chapter Awards and apply online.
Questions? Contact Alexandra Lipp at
The 2018 National Leadership Resource Registry is now open for submissions! To be considered for national committees, individuals must express their interests within the Registry by Sept. 1. To access the Registry click here, then log on to the Appraisal Institute website.
Even if individuals submitted their interests into the Registry last year and there are no changes to their preferences, they will need to log back into the Registry. If preferences are unchanged, there is a box that can be checked to have the interests moved into the 2018 Registry. Individuals also can change or express new interests. 
If an individual would like to develop certain skills before serving on a national committee, please have them consider joining a panel in their area of interest. Groups are appointed from panels to study specific topics for committee review. Joining a panel will allow people to serve for a shorter time commitment until they are ready to devote the hours demanded for committee service.
We thank everyone in advance for indicating their preferences in the Registry. We look forward to a strong response, which will help to broaden the base of participation in the organization and serve as a source of new ideas and growth.
If you have questions or need assistance completing the Registry, please contact Rachael Georges at
All chapters must file Form 990 or 990EZ with the IRS by May 15 if the chapter’s annual gross receipts are $50,000 or more. Chapters whose annual gross receipts are less than $50,000 are required to file form 990-N, Electronic Notice (e-postcard). Failure to file form 990, 990EZ or 990-N may result in the chapter’s exempt status being revoked by the IRS.
Chapters whose annual gross receipts are less than $200,000 and whose total assets at the end of the tax year are less than $500,000 may file Form 990EZ with the IRS by May 15. Chapters that do not meet either one of these criteria must file Form 990.
IRS guidelines indicate that an organization’s gross receipts are considered normally to be $50,000 or less per year if the organization has averaged $50,000 or less in gross receipts for the previous three tax years, including the year for which the return would be filed. 
Chapters are required to submit a copy of the tax return to AI national at the same time it is filed with the IRS. If a chapter files for an extension to file Form 990, a copy of the extension request must be submitted to the national office. Submit your federal and state (where applicable) tax returns on the Minimum Chapter Criteria Report website by May 15.
Find additional information on pages 81 and 82 of the 2017 Chapter Operations Manual.
Per Regulation 8, chapter elections must be held prior to June 30. Also per the regulation, your Chapter Nominating Committee shall deliver its report to the Chapter Secretary no fewer than 30 days prior to the election, and the Chapter Secretary shall deliver in writing a copy of the report to all those eligible to vote no fewer than 25 days prior to the election date. (Note: additional nominations can be made following the process detailed in your bylaws or on page 11 of the Chapter Operations Manual.)
Find information regarding election guidelines, voting eligibility and electronic voting on page 35 of the Chapter Operations Manual. If you need additional assistance, please contact 
Individuals with chapter access to the Knowledge Center will now be able to see the Instructor Materials for the programs they are set to offer, which will assist them if instructors need materials. Also, the Education Committee now allows solution booklets to be sent direct ship to student in advance or to be immediately downloaded by registrants on the Knowledge Center. If students are receiving their materials direct ship or by download, then solutions will only need to be ordered for on-site pick up.
Please note that there are a handful of temporary exceptions to this process as our development staff works on content changes and updates. Please see list of courses affected.
Advanced Market Analysis and Highest and Best Use
Case Studies in Appraising Green Residential Buildings
Quantitative Analysis 
Residential & Commercial Valuation of Solar
Review Case Studies-General
Review Case Studies-Residential
Valuation of Conservation Easements
2017 National State-approved Seminars
Please note that the following seminars will be approved by national this year.
  • FHA Appraising for Valuation Professionals
  • Review of Disciplinary Cases: Understanding an Investigation by a State Regulatory Board or Agency
  • Advanced Land Valuation: Sound Solutions to Perplexing Problems (premiering 2017)
  • Land Valuation 
  • Additional seminars to be named later

2017 Chapter Fee Schedule
The 2017 fee schedule is now available for download in the resources section of the Knowledge Center. Only fees for Designation Education are increasing. Fees for all other program types will remain the same.


Designation Education Tuition Increase
As previously noted, tuition for all Designation Education courses will increase this year, and that increase is now reflected in OLRS. See chart below for AI Price and Full Price.
  • Consider the bulk shipping option when setting up new classes in OLRS.
    • All materials are sent directly to chapters or location of the class.
    • Students have immediate access to materials via the Knowledge Center upon registration and for one year after the class.
    • Bulk shipping costs are typically 50 to 85 percent off costs.
    • This option must be selected at least 30 days before the start of the class.
  • Minimize last-minute shipping.
    • Order materials sooner than eight business days before the start of the class to ensure materials are shipped via UPS Ground. 
    • Order a few extra solutions and exams (if applicable) to accommodate walk-ins or late registrants.
  • Take advantage of downloadable materials option.
    • Direct late registrants to the Knowledge Center for the download-only option when you do not have hard copies available.
    • Encourage participants to select the download-only option to avoid all shipping costs. This option can easily be set up in the OLRS section, Offering Administration, under #3 - View/Edit Direct Ship Indicator.


The ad deadline for the next issue of Valuation (second quarter) is April 27. To ensure inclusion in the Education Index ad, applications must be submitted and approved by end of that day.
Students cannot be registered without having first created an AI username and password. Students must have completed this task in order to have access to various items on the web-site and the Knowledge Center. Please do not register students without these credentials.
  • Be careful not to submit duplicate applications
  • Please review application before submitting
  • Make sure to check spelling.
  • Understand what you enter is what is displayed on the website
Review Case Studies-Residential Post-Premiere Version Coming Soon!
This recently premiered, hands-on 15-hour course is designed for appraisers, reviewers and other real estate professionals who regularly work with reviews. Participants will work through all seven steps of the review process and apply them to a simulated assignment that’s reflective of the work appraisers would be required to perform. Mandatory course for Candidates seeking the AI-RRS designation.
FHA Appraising for Valuation Professionals: FHA Single Family Housing Appraisal Requirements Most Current Federal Guidance!
The Federal Housing Administration updates its Handbook 4000.1 frequently, so to provide the most recent guidance and training module content, the Appraisal Institute updated the Handbook with changes that the FHA made through January 2017. While the seven-hour seminar premiered in late 2015, it is still very relevant.
Valuation of Conservation Easements
This updated course debuted to a packed house! Designed for general certified appraisers and residential certified appraisers with conservation easement valuation experience, this 30-hour professional development course has been shortened from five days to four. The course reviews recent court cases and includes appraisal review and covers conservation easement valuations in a variety of situations, including conventional appraisals, appraisals that are required to comply with theUniform Appraisal Standards of Federal Land Acquisitions and appraisals involving non-cash charitable contributions that are required to comply with IRS standards. Schedule your offering today!
Uniform Appraisal Standards for Federal Land Acquisitions: Practical Applications 
If you haven’t scheduled this 15-hour course yet, now’s the time because the Uniform Appraisal Standards for Federal Land Acquisitions was updated for the first time in 16 years! This course will show appraisers how to apply the 6th edition Uniform Appraisal Standards for Federal Land Acquisitions by walking them through case studies that demonstrate practical procedures and solutions. Important note. This course is more than an overview of the changes between the 2000 and 2016 versions. While the 2016 changes will be noted, the purpose of the course is to provide information about the rules for appraising federal land acquisitions.
See what’s new in the 6th edition of the Uniform Appraisal Standards for Federal Land Acquisitions by watching the Appraisal Institute’s webinar: Yellow Book Changes - Overview for Appraisers.
Free electronic copy. To download an electronic copy of the 6th edition of the Uniform Appraisal Standards for Federal Land Acquisitions, click here.
Advanced Land Valuation: Sound Solutions to Perplexing Problems
The Appraisal Institute has received the first draft of this seven-hour Excel-based seminar, and so far, the reviews look good! The seminar focuses on practical applications of complex land valuation issues, and while it has a commercial focus, the concepts could apply to residential assignments. The final version should be ready for chapters in August.
Land Valuation (title TBD)
This new seven-hour practical applications seminar for general and residential appraisers will focus on the theme of land in transition. A collection of case studies and discussion topics will be covered. Tentative release to chapters in August. Please note: Land Valuation is NOT a prerequisite for Advanced Land Valuation: Sound Solutions to Perplexing Problems. 
New! Review of/Guidelines for Disciplinary Processes: Understanding an Investigation by a State Regulatory Board or Agency (title TBD)
This four-hour seminar for residential and general appraisers is under development and will explore from a regulator’s perspective why a state investigation is serious business, how the investigative process works, how a complaint begins, the consequences of sanctions, the role of USPAP and what can be learned from disciplinary actions. Tentative release to chapters in September.
Revised! Case Studies in Appraising Green Commercial Buildings (title TBD)
Like the Residential Case Studies Green course, the Commercial Case Studies course also will be based on a new publication (not yet released), The Valuation of Green Commercial Real Estate. The total rewrite of this 15-hour course should be available to chapters in November or December.
Rewrite! Analyzing Tenant Credit Risk and Commercial Lease Analysis.
Initially developed in 1998, this topic is just as important and relevant now, and has been revised over the years to reflect the changing market. This one-day seminar will provide an updated look into the ways tenant credit risk affects the valuation and analysis of commercial real estate. 
The Appraisal Institute announced April 5 the recognition of two individuals as a “Volunteer of Distinction” for the month. The individuals honored are Matthew S. Myers, MAI (international member) and G. Herbert Pritchett, MAI, SRPA, SRA, in Region V (Bluegrass Chapter).
Appraisal Institute Designated Members, Candidates for Designation, Practicing Affiliates and Affiliates may nominate individuals by submitting the nomination form to their chapter’s executive director or president. Each region’s honorees then are chosen by their regional executive director, in conjunction with the region’s chair and vice chair. The nomination form and additional information about the Volunteer of Distinction program can be found here.
Recognize new Candidates for Designation, Practicing Affiliates and Affiliates at your next chapter event and help give them an extra-special welcome. You can enhance chapter retention in simple ways by working with your chapter leadership team to build a new outreach program that includes extending personal invitations to upcoming chapter meetings, asking a veteran Designated Member to mentor a new individual, highlighting new individuals in your chapter newsletter and calling or emailing new Candidates for Designation, Practicing Affiliates and Affiliates as soon as they join.
View all new Affiliates who joined in March.
Recognize and congratulate newly Designated Members in your chapter! A list of all individuals who recently were designated is available here.

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