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Chapter FYI from AI

September 12, 2016

In this issue

DATES & DEADLINES                                                                                                   

Sept. 22–23 – Chapter Leadership Program, Chicago
Sept. 30 – Q3 Online Revenue Share criteria due
Oct. 1 – Deadline for submitting amended chapter bylaws
Oct. 1 – Appraisal Institute Education Trust Scholarships deadline 
 
ANNOUNCEMENTS                                                                                                          
 
AI Relief Foundation Web Banners for Chapters
Natural disasters and other emergencies can impact AI professionals around the country. The AI Relief Foundation was established to provide emergency assistance through grants to those in need. AIRF has developed three banner ads for chapters to use on their website to help promote the availability of assistance grants and the ongoing need for charitable donations. If you would like to request these banners, or if you have any questions, please contact the AI Relief Foundation at relieffoundation@appraisalinstitute.org or call 312-335-4154.
 
Third Quarter Online Revenue Share Marketing Criteria Due Sept. 30
The Online Revenue Share Marketing Criteria third quarter submission deadline is Sept. 30. Submit information using the Minimum Chapter Criteria Reporting website.
 
A new video of the Appraisal Institute’s media coverage highlights is available for chapters to show at an upcoming meeting. 
 
The video notes that media coverage of AI and its individuals in the first half of 2016 was potentially seen, read about or heard more almost 925 million times, resulting in a publicity value of nearly $600,000. From January-June, AI and its individuals appeared in 676 stories that ran in 380 different newspapers, magazines, television and radio stations and online media outlets. 
 
This coverage generated 924,963,009 impressions (defined as the number of times a story may have been seen, read about or heard). The coverage resulted in a publicity value of $595,502 (based on a vendor’s proprietary formula that approximates how much the coverage is worth). 
 
View a 4 ½ -minute video of the Appraisal Institute’s media coverage from the first half of 2016. The video can be shown at AI chapter meetings.
 
MINIMUM CHAPTER CRITERIA                                                                                        
 
The Appraisal Institute Board of Directors, during its July 28–29 meeting in Charlotte, North Carolina, adopted a motion that permits Practicing Affiliates to serve on chapters’ education, finance, government relations, external relations and public relations committees.
 
Chapters are required to amend their bylaws to reflect this motion in order to remain in accordance with AI Bylaws and Regulation 8. Guidance and specific chapter bylaws language has been provided to chapters by the national office. This amendment to the bylaws does not require a vote of the chapter board of directors nor the chapter membership. Amended chapter bylaws must be submitted via the Minimum Chapter Criteria Report website by Oct. 1. Please contact Scott Brody, senior manager, Professional Resources, with any questions. 
 
As discussed during the Aug. 31 Q3 Chapter Executive Directors Web Meeting, chapters are doing an outstanding job reporting speakers more than 30 days in advance of each event per the Minimum Chapter Criteria requirement. To maintain accuracy of the report, please edit any speaker reporting submissions if there are changes to any of the speakers or to the date of the event between the time you submitted the report and the event occurring. Please contact Scott Brody, senior manager, Professional Resources, with any questions about editing previously submitted speaker reports.

AI EDUCATION TRUST                                                                                                 

AI Education Trust Scholarship Opportunities
Does your chapter have Candidates who are trying to meet their deadlines but may need assistance? Are your Candidates aware of the available Appraisal Institute Education Trust Scholarships?

The Appraisal Institute Education Trust offers options to Candidates for Designation to assist them in completing their education deadlines. Upcoming scholarship deadlines:

Oct. 1
  • Appraisal Institute Education Trust AI Course Scholarship
  • Appraisal Institute Education Trust Minorities and Women AI Course Scholarship

Candidates are eligible to receive one scholarship per calendar year.

Please note: It is recommended that, prior to submitting a scholarship application, applicants attend a minimum of two Appraisal Institute chapter meetings annually.

Learn more about AIET Scholarship options - click here or email educationtrust@appraisalinstitute.org.

EDUCATION                                                                                                  

The Appraisal Institute is offering a NEWLY REVISED one-day course in green valuation. Case Studies in Appraising Green Residential Buildings introduces participants to valuation methods for appraising the high-performance house. The course focuses on the valuation process in different appraisal problems encountered in appraising green properties. The problems and discussion questions are based on real-life examples provided by builders, real estate agents and appraisers.
 
This course has a required textbook, Residential Green Valuation Tools, which must be purchased from the AI bookstore and brought to class. 

Final Review Course to Premiere in December- Released to Chapters Jan. 1
The final Review Designation course, Review Case Studies-Residential, will premiere Dec. 12-13 in Chicago. Following its premiere, the course may be offered by chapters.

Designed for appraisers, reviewers and other real estate professionals who regularly work with reviews, this hands-on, application-based two-day course has participants applying the review process by walking through a case study that focuses on a two-stage review assignment. Click here for more information. 

Professional Development Programs Revamped
To keep content current, we have been revising several of our Professional Development Programs. 

Valuation of Sustainable Buildings

  • Introduction to Green Buildings Available now
  • Case Studies in Appraising Green Residential Buildings Available now
  • Residential and Commercial Valuation of Solar Tentative release: November
Valuation of Conservation Easements
  • Valuation of Conservation Easements Tentative release: January 2017

New and/or Improved Seminars
Uniform Appraisal Standards for Federal Land Acquisitions
The Yellow Book currently is being revised and is expected to be released later this fall. Once it’s  been released, our course developer will make final changes consistent with the revisions. Since we must wait for the Yellow Book to be released, we don’t anticipate debuting the revised seminar until January 2017. Immediately afterward, the seminar will be released to chapters.

Seminar development discussions are underway, and AI is drafting specifications on the topics listed below. These seminars will not premiere this year, but they are expected to  be available for chapters in the first quarter or early in the second quarter of 2017. Note: Titles have yet to be finalized. 

  • Land Valuation. Focus on practical applications of common land valuation issues; six to eight mini case studies. Residential and commercial.
  • Review of and Guidance for Handling Disciplinary Cases. Half-day, residential and commercial.
  • Analyzing Tenant Risk and Commercial Lease Analysis. Revision

Free Seminars!
Are you looking for education to supplement your next chapter meeting? Consider offering one of the two-hour Spotlight PowerPoint seminars, which are available from the Chapter Education Resources section on the Knowledge Center (see below – chapter executive directors have access for the chapter). And best of all, they are FREE. There is NO CHARGE FOR MATERIALS. Topics include:

  • A Lender’s Perspective: The Role of the Appraisal in the Lending Process
  • Spotlight on USPAP: Appraisal Review
  • Spotlight on USPAP: Common Errors and Issues
  • Spotlight on USPAP: Confidentiality
  • Spotlight on USPAP: Reappraising, Readdressing, Reassigning: What to Do and Why?
  • Spotlight on USPAP: Workfiles - Who, What, Where, When, How, and Why?

AugchapFYI

We've Said it Once, and We're Saying it Again...
The Federal Housing Administration continues to release updates to the FHA 4000.1 Handbook. AI instructors alert students to these updates. While many of the early FHA update seminars offered by AI’s competition were based on drafts of the proposed changes to the 4000.1 Handbook, AI’s seminar is based on the FINAL version. This seminar still matters!

  • 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 less than other options.
    • 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) in case of walk-ins or late registrations.
  • 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 the download-only option to everyone to avoid all shipping costs. This is easily set up in the OLRS section, Offering Administration, under #3 - View/Edit Direct Ship Indicator.
 
Capstone Location Webinar #1 Webinar #2 Classroom Dates
Dallas, TX* Aug 5, 2016 Aug 30, 2016 Sep 19 - 25, 2016
Denver, CO* Aug 5, 2016 Aug 30, 2016 Sep 19 - 25, 2016
Synchronous* Aug 5, 2016 Aug 30, 2016 Sep 19 - 25, 2016
New York, NY Sep 23, 2016 Oct 18, 2016 Nov 7 - 13, 2016
Charlotte, NC Sep 23, 2016 Oct 18, 2016 Nov 7 - 13, 2016
Pittsburgh, PA Sep 23, 2016 Oct 18, 2016 Nov 7 - 13, 2016

*Programs sold out.

The 2017 Capstone schedule is now open for registration.

Capstone

  • Arrange for evaluations to be sent to the national office by a chapter representative or a student. Instructors must not handle evaluations!
  • Check with your instructor(s) in advance to ensure they have the most current version of instructor materials. Ask them to check the Knowledge Center for updated information.
  • Open boxes immediately upon receipt to check materials received against materials ordered.
  • Ship back all necessary materials to Education Delivery at the national office to arrive within FIVE BUSINESS DAYS of the conclusion of the program.

AWARDS                                                                                                       

The Appraisal Institute announced Sept. 7 the recognition of one individual as a “Volunteer of Distinction” for the month: Eric C. Schneider, MAI, Region VII. 
 
Appraisal Institute Designated Members, Candidates for Designation, Practicing Affiliates and Affiliates may nominate such 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.

MEMBERSHIP                                                                                               

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 Practicing Affiliates who joined in August.
View all new Affiliates who joined in August.
 
Recognize and congratulate newly Designated Members in your chapter! A list of all individuals who recently were designated is available. View the list here.

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