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Chapter FYI from AI

Chapter FYI

March 13, 2017

In this Issue

 
 
 
March 13 – Chapter Executive Directors Quarterly Web Meeting
March 31 – Q1 Online Revenue Share submissions due
April 1 – Report designation education hours (Minimum Chapter Criteria)
April 14 – Nominations for Lifetime Achievement Award & Outstanding Service Award due 
May 3-5 – LDAC Conference
June 8-11 – Annual Conference, Ottawa, Ontario
Oct. 26-27 – Chapter Leadership Program, Intercontinental Hotel, Chicago
Sept. 1 – Leadership Resource Registry submissions due
 
 
ANNOUNCEMENTS
 
The Appraisal Institute Board of Directors approved two 45-Day Notice items at its Feb. 23-24 meeting in Chicago. The 45-Day Notice had been distributed to AI professionals on Jan. 9.
 
The AI Board of Directors adopted proposed amendments to Regulation Nos. 1, 2 and 3 regarding the college degree requirement and regarding harmonization of those three regulations.
 
The Board postponed action on the third 45-Day Notice item, which would have amended Regulation Nos. 1 and 2 regarding how experience is defined, until its next regularly scheduled meeting.
 
In other action, the AI Board of Directors:
  • Approved the Appraisal Institute sponsoring a two-day property rights symposium in Chicago or Washington, D.C., on a date to be determined;
  • Approved allowing Education Committee members to attend one national AI education program annually to help assess whether the program fulfills educational strategies and qualifications specifications;
  • Authorized staff to negotiate and execute a hotel contract for the 2018 AI Annual Conference;
  • Approved the AI Board of Directors’ attendance at the 2017 International Valuation Conference to be jointly hosted June 8-11 by the Appraisal Institute and the Appraisal Institute of Canada;
  • Elected Claire M. Aufrance, MAI, and Heather M. Placer, MAI, SRA, to three-year terms, effective immediately, to the Board of Directors of AI Holdings (the Appraisal Institute’s wholly owned for-profit corporation); and
  • Elected Stephen S. Wagner, MAI, SRA, AI-GRS, to the Appraisal Institute Relief Foundation’s Board of Directors, effective immediately, through 2017;
The AI Board of Directors is next scheduled to meet, June 6-7, in Ottawa, Ontario, Canada.
 
Online revenue criteria for the first quarter must be submitted by March 31 through the Minimum Chapter Criteria Website.
 
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 2017 Leadership Development and Advisory Council conference will be held May 3-5 in Washington, D.C. Registration for LDAC has reached capacity and a waitlist has been established.
 
Please consider becoming an LDAC sponsor. All money raised goes directly into the LDAC program, which helps further leadership development efforts. 
 
Find more information on LDAC 2017. For additional information, please contact Evan Williams or Scott Brody.
 
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 rgeorges@appraisalinstitute.org.
 
The past few months have seen catastrophic natural disasters all over the country. The AI Relief Foundation is here to help AI professionals.
 
AIRF has developed banner ads for chapters to place in newsletters and on websites and Facebook. A YouTube video also is available for posting.
 
AIRF also can help individuals who may be facing another type of crisis and need financial assistance. Please visit www.relief-foundation.org for more information.
 
MINIMUM CHAPTER CRITERIA
 
Chapters are important vehicles for providing local access to education to Designated Members, Candidates, Practicing Affiliates and Affiliates so they can enhance the quality of their work and increase their level of competitiveness. Each chapter is required to conduct at least 10 hours of approved Appraisal Institute education each year, unless they formally opted out. Approved chapter-generated programs count toward this total. 
 
Each chapter must note by April 1 how many (if any) Designation Education courses it plans to offer for the following year. The information must be entered on the Minimum Chapter Criteria Report website.
 
Chapters and regions must report all speakers for scheduled events using the Speaker Reporting Form within the Minimum Chapter Criteria Report website no fewer than 30 days in advance of each event. Please contact Scott Brody, senior manager, Professional Resources, with any questions.
 
EDUCATION
 
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.
                                             
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

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.

http://knowledgecenter.appraisalinstitute.org/

Dec_FYI

Designation Education Tuition Increase
As previously noted, tuition for all Designation Education courses will increase this year, and the increase for all offerings is now reflected in OLRS. See chart below for AI Price and Full Price.
 
Dec_FYI_Tuition
 
  • 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 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.

capschedMarchFYI

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.
 
  • Be careful not to submit duplicate applications
  • Please review application before submitting
  • Make sure to check spelling, etc.
  • What you enter is what is displayed on website
Uniform Appraisal Standards for Federal Land Acquisitions: Practical Applications 
If you haven’t scheduled this 15-hour course yet, now’s the time. This is the first update to the Uniform Appraisal Standards for Federal Land Acquisitions 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.
 
To learn about what’s new  in the 6th edition of the Uniform Appraisal Standards for Federal Land Acquisitions, see 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.
 
Valuation of Conservation Easements
Hot off the press: The national debut of this revised course is a few people short of selling out! Designed for general certified appraisers and residential certified appraisers with conservation easement valuation experience, this 30-hour professional development course will help participants become familiar with conservation easement valuations in a variety of situations, including conventional appraisals, appraisals that are required to comply with the Uniform Appraisal Standards of Federal Land Acquisitions and appraisals involving non-cash charitable contributions that are required to comply with IRS standards. Get your offering scheduled today!
 
Residential and Commercial Valuation of Solar
This 15-hour professional development course introduces participants to solar terminology and uses real-life case studies to show them how to solve solar-related valuation problems. Note. Students must have access to the Internet.
 
Case Studies in Appraising Green Residential Buildings
Based on real-life examples provided by builders, real estate agents and appraisers, this recently updated seven-hour course introduces participants to valuation methods for appraising high-performance houses. Developed by the Appraisal Institute’s highly esteemed green expert, Sandy Adomatis, SRA, LEED Green Associate, the course requires Residential Green Valuation Tools, written by Adomatis. This book may be purchased from the AI bookstore. Note. Chapters may buy the book in bulk (six copies) and get a 20 percent discount.  
 
Case Studies in Appraising Green Commercial Buildings 
The Commercial Case Studies course will be based on the 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 by later this year.
 
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.
 
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.
 
Review Case Studies-Residential 
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.
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.
 
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. 
Collateral Underwriter.
New seminar.
 
AI EDUCATION TRUST SCHOLARSHIPS
 
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 Candidates for Designation options to assist them in completing their education deadlines. Upcoming scholarship deadlines: 
 
April 1 
Appraisal Institute Education Trust AI Course Scholarship 
Appraisal Institute Education Trust Minorities and Women AI Course Scholarship  
 
July 1 
Appraisal Institute Education Trust AI Course Scholarship 
Appraisal Institute Education Trust Minorities and Women AI Course Scholarship  
Appraisal Institute Education Trust Candidate for Designation Scholarship
o Note: While the other scholarships only pay for one course, this scholarship pays for ALL advanced-level education needed for Candidacy. 
 
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. 
 
The Appraisal Institute Education Trust also offers college scholarships! 
 
AIET offers scholarship opportunities to undergraduate and graduate college students studying the real estate industry. Applicants do not have to be affiliated with the Appraisal Institute but must have a major concentration in real estate. The deadline for the college scholarships is April 15.  
 
AIET Undergraduate Scholarship  
AIET Graduate Scholarship  
AIET Minorities and Women Education Scholarship 
 
Please help spread the word about the AI Education Trust scholarships to local universities.  A flyer is now available to promote the college scholarships.
 
Learn more about AIET Scholarship options - click here or email educationtrust@appraisalinstitute.org
 
AWARDS
 
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.
 
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 February.
View all new Affiliates who joined in February.
 
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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