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Chapter FYI from AI

Chapter FYI - June 2019

Important Dates & Deadlines

JUNE

11 | Appraisal of Manufactured Homes Featuring Next-Generation Manufactured Homes. Phoenix, AZ. Learn more.
13 | Appraisal of Manufactured Homes Featuring Next-Generation Manufactured Homes. Riverside, CA. Learn more.
18 | Appraisal of Manufactured Homes Featuring Next-Generation Manufactured Homes. Lancaster, PA. Learn more.
21 | Appraisal of Manufactured Homes Featuring Next-Generation Manufactured Homes. Chicago, IL. Learn more.
30 | Chapter elections deadline
30 | Q2 Online Revenue Share submission deadline. Learn more.

JULY

1 | Chapter Leadership Program and Regional Meetings registration deadline. Register here.
1 | AI Education and Relief Foundation scholarship application deadline. Learn more.
15 | Report 2020 chapter officers. Learn more.
21 | Regional Meetings, Denver
22 | Chapter Leadership Program, Denver. Learn more.
22-24 | 2019 Annual Conference, Denver. Learn more.
25-26 | AI Board of Directors 3rd Quarter Meeting, Denver
29 | 2020 chapter/region dues amounts submission opens

Future Meetings/Events/Etc.

Aug. 1 | Leadership Resource Registry submission deadline for 2020 national committees, panels, entities. Learn more.
Aug. 22-23 | Chapter netForum Training, Chicago
Aug. 23 | Premiere of NEW 4-hour seminar Artificial Intelligence, AVMs, and Blockchain: Implications for Valuation. Learn more.
Aug. 26-27 | Chapter netForum Training, Chicago
Sept. 15 | 2020 chapter/region dues amounts submission deadline
Sept. 18 | Debut of PDP course Litigation Appraising: Specialized Topics and Applications. Improved, refreshed, and expanded to 3 days instead of 2. Learn more below.
Oct. 1 | AI Education and Relief Foundation scholarship application deadline. Learn more.
Nov. 14-15 | AI Board of Directors 4th Quarter Meeting, Chicago
May 18-20, 2020 | LDAC 2020 - Save the Date!

New Announcements

Office Depot and UPS Discounts | Office Depot sent all AI Professionals new Purchasing Cards. For more information and to start shopping, click here.
 
AI and UPS have recently partnered to provide AI professionals new and improved flat rate pricing. Learn more on the UPS AI Benefit page or visit www.savewithups.com/ai to get started.
 
Chapters are eligible to take advantage of these exclusive AI discounts.
 
Status Changes | Effective May 9, 2019, the Appraisal Institute Board of Directors voted to eliminate the Temporarily Non-Practicing status. The status existed in the AI Bylaws for the purpose of providing a lower dues/fee level to individuals who temporarily could not work due to certain circumstances such as poor health or physical disability; family obligation or responsibility; military service; or other good cause shown.
 
The status, typically granted for only up to one year with no renewal option, did not provide relief to an AI professional in need of ongoing financial relief. Furthermore, AI already has a dues/fee waiver process in place that grants an AI professional financial relief based on the same circumstances. (These same AI professionals may also be eligible for relief grants from the AIERF.) Designated members may request a dues waiver between January and September.
 
Designated members who wish to change their status may do so via the online Status Change Application. The various statuses—in additional to their respective descriptions of eligibility—are listed on Designated Member Status Changes webpage. If Designated members have any questions, they should contact mbr@appraisalinstitute.org or (312) 335-4401.
 
General Appraiser Report Writing and Case Studies | Effective May 9, 2019, the Appraisal Institute Board of Directors removed General Appraiser Report Writing and Case Studies as a course and exam requirement for the MAI designation path. The AI Admissions department has removed the requirement from the Candidate Status Report of all applicable Candidates.
 
CE Extensions | Approximately 500 Practicing Affiliates have yet to complete their AI CE requirements for their cycle that ends on June 30, 2019. If they do not complete their requirements, their affiliations are at risk of being suspended. They may submit an EXTENSION located on the AI CE Resources page and log into their account to view their AI CE Status Report. Once logged into their account, they can report their outside provider CE and may refer to this HOW-TO GUIDE on doing so. For more information, please visit the AI Continuing Education Program webpage.

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Education 

New Education Announcements:

Litigation Appraising: Specialized Topics and Applications was expanded from two to three days and delves more deeply into inverse condemnation, an exciting niche market with increasing demand for appraisers. One of three courses in the Litigation Professional Development Program, this course now offers more hands-on applications giving participants the opportunity to solve problems and put theory into practice. Specialized topics covered in the course include environmental contamination, ad valorem tax assessments, construction defects, bankruptcy, fraud and misrepresentation, income and estate tax disputes, inverse condemnation, contract disputes and equitable distribution in divorce cases.
 
By the end of this course, participants should be able to:
  • Understand desirable behavior of a witness.
  • Recognize alternative methods of quantifying the impact of contamination.
  • Recognize the impact of the automatic stay provision.
  • Recognize alternative remedies and methods of measuring damage in fraud cases.
  • Recognize the difference between regulatory take and physical invasion take in inverse condemnation.

OLRS Changes - REMINDER
Starting July 1st changes pertaining to the “Other” payment type will no longer be available in OLRS. Chapters should instead use the Purchase Order payment type to register students that have not provided payment or the “Check” payment type to apply check or cash payments.

OLRS_changes

 

Classroom Education | Now Available: 

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. Released on May 15, 2019.

Rural Valuation Basics
NEW 7-hour seminar now available! Find out more here.

Business Practices and Ethics
Find out more about this majorly revised 6-hour course!

How Tenants Create or Destroy Value: Leasehold Valuation and its Impact on Value
NEW 7-hour seminar! Check out details here.

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

General Site Valuation & Cost Approach
MAJOR REVISION. Debuted November 2018. 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 that premiered October 2018.
  
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 October.

Classroom Education | In Development:                                                                                                                 

Artificial Intelligence, AVMS, Blockchain and the Future of Appraisal
New 4-hour seminar for general and residential appraisers will premiere August 23, 2019 in Denver, CO. Immediate release to Chapters after premiere.
 
Litigation Appraising: Specialized Topics
Litigation PDP course Revision. Now 3 days. Release to Chapters set for September 2019.

The Cost Approach: Unnecessary or Vital to a Healthy Practice?
NEW 7-hour seminar for residential appraisers. Tentative release to Chapters in October 2019.

Valuation Resources for Solar Photovoltaic Systems
NEW 4-hour seminar for real estate appraisers, lenders, and underwriters. Tentative release in October 2019.

General Report Writing & Case Studies
MAJOR REVISION tentative debut April 2020.

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). 

  • Artificial Intelligence, AVMs, and Blockchain: Implications for Valuation
  • Litigation Appraising: Specialized Topics and Applications
  • Rural Valuation Basics
  • How Tenants Create or Destroy Value: Leasehold Valuation and its Impact on Value
  • 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)
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.
  • 7-Hour USPAP
  • 15-Hour USPAP
  • Review Case Studies - General
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 45 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
Nevada
North Carolina
Oklahoma
Oregon
South Carolina
Utah
West Virginia
Wyoming
 
Stay Tune for 2020 Capstone schedule coming in late 3rd Quarter
Capstone_0519
 
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
Nominate a Volunteer of Distinction | Volunteer of Distinction honorees are recognized on a quarterly basis, i.e. Q2 2019 honorees will be recognized in July. A chapter or 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 on the website, in Appraiser News Online, the President’s Message and Chapter FYI. Certificates will be mailed to the honorees and chapter executive directors.

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

 

 

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