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Chapter FYI from AI

Chapter FYI - December 2018

Important Dates & Deadlines

DECEMBER

31 | Chapter Co-Op Advertising Reimbursement Program submission deadline. Learn more here.
31 | Q4 Online Revenue Share submission deadline. Visit "Online Revenue Sharing" section of Chapter Business Tools to learn more.

JANUARY

1 | AIERF Course Scholarship and Minorities & Women Course Scholarship deadline.  Learn more.
15 | Instructor training webinar to receive approval to teach new seminar titled How Tenants Create or Destroy Value: Leasehold Valuation and its Impact on Value. Please contact Tony Mendoza at TMendoza@appraisalinstitute.org for additional information.

Future Meetings/Events/Etc.

Feb. 12 | LDAC 2019 registration opens. Learn more here.
Feb. 21-22 | AI Board of Directors 1st Quarter Meeting, Chicago, IL
Feb. 22 | Premiere of How Tenants Create or Destroy Value: Leasehold Valuation and its Impact on Value in Northern California. 
March 22 | Premiere of Rural Valuation Basics in Nashville.
May 9-10 | AI Board of Directors 2nd Quarter Meeting, Chicago, IL
May 15-17 | Leadership Development and Advisory Council (LDAC), Washington, DC
July 21 | Regional Meetings, Denver, CO
July 22-24 | 2019 Annual Conference, Denver, CO
July 25-26 | AI Board of Directors 3rd Quarter Meeting, Denver, CO
Sept. 1 |  Leadership Resource Registry submission deadline for 2020 national committees, panels, entities
Nov. 14-15 | AI Board of Directors 4th Quarter Meeting, Chicago, IL

New Announcements

CFMAP Preferred Launch Date Selection At their November meeting, the National Board of Directors voted to implement the Chapter Financial Management and Administration Policy, known as CFMAP, for all chapters by the end of 2020. The implementation will be accomplished over this two-year period in groups of 5-6 chapters to ensure sufficient resources are available for a smooth transition.  

By Feb. 1, please select the preferred implementation dates (known as a launch date) for your chapter. In selecting your dates, anticipate that the bulk of chapter participation occurs in the 30 days prior to the launch date.  Following the transition to CFMAP, Presidents, Treasurers and Executive Directors should plan to spend additional time for the next 30 to 60 days using and becoming comfortable with the CFMAP systems. 
 
The following are the planned launch dates for 2019 and 2020. Chapters should select a first, second and third choice for their preferred dates.
  • January 28, 2019 (only 1 space left!)
  • April 1, 2019
  • June 3, 2019
  • November 4, 2019
  • April 6, 2020
  • June 1, 2020
  • August 3, 2020
  • October 5, 2020
  • December 7, 2020 (all spaces full)
Chapters will be scheduled into the preferred launch dates on a first come, first serve basis, subject to availability. If a chapter preference cannot be accommodated, a member of the CFMAP team will reach out to chapter leadership to discuss an alternative.

Please email finance@appraisalinstitute.org no later than Feb. 1 with your three preferred launch dates.
 
Questions? Contact Betsy Kramer at ekramer@appraisalinstitute.org, Jeremy Crystal at jcrystal@appraisalinstitute.org or send an email to finance@appraisalinstitute.org.

Thank you and we are very excited to work with you on making your transition to CFMAP a success!
 
CFMAP Chapters 2018 Year End Close Procedures | With the year-end quickly approaching, the national Finance team has begun to prepare for the close of the 2018 financials. In order to be ready for the national audit, all 2018 chapter expenses must be submitted in Docuware by Friday, Jan. 11, 2019. 
 
2018 Activities include:
  • invoices for services provided or products received in 2018
  • check requests for instructors, graders, etc. for courses/seminars held in 2018
  • hotel/site expenses for courses/seminars/events held in 2018
  • expense reports for trips taken in 2018

If there are 2018 activities which have been completed or are in process at December 31 but for which you have not yet received an invoice, please submit a list of them to finance@appraisalinstitute.org by Friday, Jan. 11, 2019 including the following information:

  • vendor name
  • a brief description of the service or item and its status on Dec. 31
  • the approximate dollar amount of the expected bill
  • expense account it should be charged to

Invoices relating to 2018 activities submitted after Friday, Jan. 11 or not reported to the Finance inbox will be recorded as 2019 expenses.

Reminders will be sent out as the dates approach.

If you have any questions, please email finance@appraisalinstitute.org.

AI Board of Directors Approves 45-Day Notice | During its Nov. 15-16 meeting, the AI Board approved the only 45-Day Notice on the agenda, to adopt proposed amendments to the Bylaws and Regulation Nos. 8 and 9 regarding dues, fees and assessments. Information will be sent soon to chapters regarding changes required to chapter bylaws as a result. Click here for a summary of all action taken during the Board Meeting.  

New AI Video Available for Viewing at Chapter EventsA new video covering the highlights of what the Appraisal Institute has to offer to valuation professionals is now available for chapters to show at upcoming meetings and education events. 

This video premiered at AI’s 2018 Annual Conference, July 30 – Aug. 1, in Nashville, Tennessee. The video encourages individuals to use AI as a professional resource, trusted partner and support network as they strive to continue to move the profession forward. 

View the 1:31-minute video and download from Chapter Business Tools, under Chapter News and Media Coverage. 

 

Education 

 New Education Announcement - How Tenants Create or Destroy Value: Leasehold Valuation and Its Impact on Value

The Appraisal Institute will release a new seminar in February: the NEW 7-hour How Tenants Create or Destroy Value: Leasehold Valuation and Its Impact on Value. This seminar has been submitted to the AQB for approval. To assist Chapters in their marketing efforts, the Appraisal Institute will send out an email marketing blast with all Chapter offerings listed. To take advantage of this marketing effort, please get your applications in by Jan. 18.

Please note: the instructor training webinar to get instructors approved takes place Jan. 15. By virtue of being on the development team, the following instructors are approved:

  • Gary DeWeese, MAI (developer) 
  • Steve Roach, MAI, SRA, AI-GRS
  • Ron DeVries, MAI
  • Ben Sellers, MAI
  • Stephanie Coleman, MAI, SRA, AI-GRS, AI-RRS

Classroom Education | Now Available: 

The Appraiser as an Expert Witness: Preparation & Testimony
15-hour PDP Revision. Released November 1, 2018. Click here for details!

General Site Valuation & Cost Approach
MAJOR REVISION. Debuted in November. Reorganized, updated content, and the exam is now 3 hours (rather than 2).  Click here to find out more.

Ignorance Isn’t Bliss: Understanding an Investigation by a State Appraiser Regulatory Board or Agency
Find out more about this NEW 4-hour seminar for residential and general appraisers. Premiered in October.
  
Valuation by Comparison: Residential Analysis and Logic                                                                       
Click here for more information about this 7-hour seminar based on the 2018 updated 2nd edition of Valuation by Comparison by Mark Ratterman, MAI, SRA. Debuted in October.

Evaluating Commercial Leases: The Tenant and the Terms Both Matter: Click here for more information about this newly released 7-hour seminar!

Solving Land Valuation Puzzles: Post-premiere version now available. Find out more here.

Condemnation Appraising: Principles & Applications: Recently refreshed! Click here for information on this revised Litigation PDP course.

Classroom Education | In Development:

How Tenants Create or Destroy Value: Leasehold Valuation and its Impact on Value
AVAILABLE immediately after the February 22, 2019 premiere. If you’re involved in the valuation of commercial real estate, it’s crucial to know how the terms of a lease affect value. This NEW seminar goes beyond methodology to explore how to measure a property rights adjustment, the theory underlying the use of a leasehold yield rate (YLH) to value the leasehold, as well as the application of a property rights adjustment in all three approaches to value.                                                                                                                                                                                                
Rural Valuation Basics
AVAILABLE immediately after the March 22, 2019 premiere. This NEW 7-hour seminar provides residential and general appraisers with the fundamentals of analyzing comparable data for use in rural appraisal assignments. It will focus on land mix analysis, improvement value extraction and allocation, and how to develop adjustments. A detailed case study will be used to expose students to real world examples.
 
Litigation Appraising: Specialized Topics
Litigation PDP course revision. Now 3 days.  Tentative release to Chapters April 2019.
 
Business Practices and Ethics
Major revision. Release April 2019. Will be shortened.
 
General Market Analysis and Highest & Best Use
New addition: Practice Problems booklet containing additional computational problems to help students successfully work through related questions on the exam. Tentative release February 2019.
 
General Report Writing & Case Studies
MAJOR REVISION tentative debut late 2019.
 
Artificial Intelligence, AVMs, Blockchain and the Future of Appraisal
NEW 4-hour seminar for general and residential appraisers. Development to begin soon.

Marketing Flyers Available for Chapters

If interested in obtaining the pdf of one or more of the flyers listed below, please contact Mallory Whaley (mwhaley@appraisalinstitute.org). 

  • How Tenants Create or Destroy Value: Leasehold Valuation and its Impact on Value (NEW!)
  • Valuation by Comparison: Analysis and Logic
  • Ignorance Isn’t Bliss: Understanding an Investigation by a State Appraiser Regulatory Board or Agency
  • AIM HIGHER: DID YOU KNOW THE APPRAISAL INSTITUTE PROVIDES MORE THAN QUALITY EDUCATION TO THE VALUATION PROFESSION? (membership recruitment  - click here to view example flyer)
  • Evaluating Commercial Leases: The Tenant and the Terms Both Matter
  • Practical Applications for Appraising Green Commercial Properties
  • Solving Land Valuation Puzzles
  • Advanced Land Valuation: Sound Solutions to Perplexing Problems
  • Valuation of Conservation Easements
  • Uniform Appraisal Standards for Federal Land Acquisitions: Practical Applications
  • Case Studies in Appraising Green Residential Building
  • WANTED: Real Estate Appraisers Who are Experts in Litigation (Litigation education/publications)
  • Do you have the competency needed to value green properties? (Green education/publications - click here to view example flyer)

Coming Soon:

  • Rural Valuation Basics
2019 Chapter Program Fee Schedule
The chapter program fee schedule has been updated for 2019 and is now up in the Resources section of the Knowledge Center. No changes have been made to QE, DE, PD, USPAP, nor any of the CE courses. We have brought down the cost of older seminars to $30 (one-day) and $20 (half-day). Newer seminars will remain at $49/$25. See screen shots below.
FYISept1
 
FYISept2

 
Those with chapter access to the Knowledge Center will now see the Instructor Materials for the programs that they are set to offer.  This will assist you if your instructors contact you about materials.  Also, the Education Committee now allows solution booklets to be sent to the student in advance for direct ship, and are immediately available to download by registrants on the Knowledge Center.  If your students are receiving their materials direct ship or download, then solutions will only need to be ordered for those that are pick up on-site.
 
*Update – Please note that there are a handful of temporary exceptions to this as our development staff works on some content changes needed to allow for this. Please see list of courses affected.
 
Residential & Commercial Valuation of Solar
• 7-Hour USPAP
• 15-Hour USPAP
 
Consider the bulk shipping option when setting up new classes in OLRS
  • All materials are sent directly to chapter 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 will typically save between 50-85% off costs.
  • Option must be selected at least 30 days before the start of the class.
Minimize last-minute shipping
  • Order materials sooner than 8 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 Knowledge Center for download only option when you do not have hard copies available.
  • Encourage download only option to all (no shipping costs to the chapter). This is easily set up in the OLRS section, Offering Administration, under #3 - View/Edit Direct Ship Indicator.
Please advise students that we do submit the classroom hours to each of the below states. If they have a license in any of the states, please mark it on the sign- in sheet or a separate piece of paper.
 
Alabama
Florida
Georgia
Illinois
Kentucky
Michigan
Minnesota
Nebraska
Nevada
North Carolina
Oklahoma
Oregon
South Carolina
Utah
West Virginia
Wyoming
 
Click here to register.
capstoneFYINov2018
 
For all offerings of the NEW Practical Application in Appraising Green Commercial Properties course, an additional “contact information opt-out” form will be sent to the chapter to be passed around to students during class. Once the form is completed, chapters will need to send the completed form to education@appraisalinstitute.org. The reason for this form and the language that appears on the form is below. If you have questions, please contact Mallory Whaley, mwhaley@appraisalinstitute.org.
 
The materials for the Practical Applications in Appraising Green Commercial Properties course include images provided by CoreLogic/Marshall & Swift products. The Appraisal Institute has agreed to send CoreLogic contact information of attendees who take the course so that CoreLogic can send communications to course participants after the class has ended. If you do NOT want to receive communication from CoreLogic/Marshall & Swift, please check the box before your name. 
 
The "contact Information opt-out" form is also downloadable here.
 
When registering students, they must have created an AI username and password before registration. They must have this established in order for them to access various items on the website and within the Knowledge Center. Please do not register students without these credentials.

 

Newly Designated Members
Recognize and congratulate newly Designated Members in your chapter! A list of all individuals who were recently designated is available here.
 
Volunteer of Distinction Program

Volunteer of Distinction honorees are now recognized on a quarterly basis, as opposed to monthly, i.e. Q4 2018 honorees will be recognized in January 2019, as opposed to individual honorees for October, November and December. Any AI professional may nominate another AI professional directly at VOD@appraisalinstitute.org, using the form on the AI website. 

All honorees will be promoted via the President's Message, local news release and Appraiser News Online, and chapters will be provided a certificate for each honoree from their chapter.

Check out the Nomination Form and Program Description for further details.

 

 

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