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Chapter FYI from AI

Chapter FYI - January 2020

Important Dates & Deadlines

JANUARY

28-29 | National Committee Meetings, Chicago, IL
31 | Minimum Chapter Criteria reporting deadline.

FEBRUARY

 7 | Vice President nominations deadline.
11 | LDAC 2020 registration opens.  Learn more.
20-21 | AI Board of Directors 1st Quarter Meeting, Chicago, IL

Future Meetings/Events/Etc.

April 1 | Release of two programs developed in collaboration with Freddie Mac – 7.5-hour course, Appraisal of Manufactured Homes Featuring Next-Generation Homes and 7-hour seminar, Rural Area Appraisals: Freddie Mac Guidelines and Property Eligibility Requirements
May 7-8 | AI Board of Directors 2nd Quarter Meeting, Chicago, IL
May 18-20 | Leadership Development and Advisory Council (LDAC), Washington, DC
Aug. 2 | Regional Meetings, Orlando, FL
Aug. 3-5 | 2020 Annual Conference, Orlando, FL
Aug. 6-7 | AI Board of Directors 3rd Quarter Meeting, Orlando, FL
Sept. 21-22 | Chapter Leadership Program, Cleveland, OH (tentative) 
Nov. 12-13 | AI Board of Directors 4th Quarter Meeting, Chicago, IL

New Announcements

2020 Chapter Operations Manual Available Online |  Visit the Chapter Manuals section of Chapter Business Tools to access the updated 2020 Chapter Operations Manual. This manual is intended to work alongside the national website and Regulation No. 8 as a comprehensive guide on topics such as chapter governance, finances, reporting requirements, marketing and much more.
 
Chapters Required to Form Statewide Government Relations Subcommittees | At its November 14-15, 2019 meeting, the Appraisal Institute Board of Directors adopted amendments to Regulation Nos. 7 and 8 to require chapters to create a Government Relations Subcommittee for each state or territory.  The language of the adopted amendments can be found here
 
The purpose of this change is to strengthen government relations efforts through enhanced coordination of policy development, advocacy and implementation. Moreover, through reporting to the national Government Relations Committee the sharing of experience and expertise among the states will be better facilitated.  
 
The new policy was written in such a way to give chapters maximum flexibility with implementation.  In most cases, the structure and funding of each state’s Government Relations Subcommittee will be based on agreement amongst the chapters, including the total size of the subcommittee, how many representatives each chapter will have, if/how the subcommittee will be funded, and when and how often the subcommittee will meet.  There may be amendments to chapter By Laws and other governing documents that are necessary to implement this requirement.  The Chair and Vice Chair of the state Subcommittee will be chosen by the members of the subcommittee and must be Designated Members. 
 
In those states where a single chapter covers the entire state, the chapter’s existing Government Relations Committee satisfies the new requirement. 
 
In states where there are multiple chapters within the state, each chapter within the state is required to select at least one Designated Member, Candidate for Designation, or Practicing Affiliate to serve on the state’s Government Relations Subcommittee. 
 
If a chapter has territory in multiple states, the chapter is required to select at least one Designated Member, Candidate for Designation, or Practicing Affiliate to participate as part of the Government Relations Subcommittee for each state where the chapter has territory.
 
Assistance with implementation of this new requirement is available from staff in the Washington, D.C. office.  Please contact Scott DiBiasio – sdibiasio@appraisalinstitute.org or (202) 298-5593.   
 
National Leadership Resource Registry | Beginning later this month, AI professionals will.be able to submit interest in national service via a link within their AI accounts. The Leadership Resource Registry will not include chapter or region positions.
 
Newly Designated Member Report | Chapters can access a report of Designation dates of its members within the Reports page of the Chapter Portal. Use this report titled, “AI Chapter Designation Date Earned Report” to identify newly Designated members within your chapter. All newly Designated members are also listed on the AI website here in real time.
 
CFMAP Chapters 2018 Year End Close Procedures | With the year-end quickly approaching, please be aware of the deadline for submitting all 2019 activities into Docuware. In order to be ready for the national audit, all 2019 expenses must be submitted in Docuware by Friday, January 17, 2020 and approved no later than end of day on Monday, January 20, 2020. 
 
2019 Activities include:
  • invoices for services provided or products received in 2019
  • check requests for instructors for courses/seminars held in 2019
  • hotel/site expenses for courses/seminars/events held in 2019
  • expense reports for trips taken in 2019
If there are 2019 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, January 17, 2020 including the following information:
  • vendor name
  • a brief description of the service or item and its status on December 31
  • the approximate dollar amount of the expected bill
  • expense account it should be charged to
Invoices relating to 2019 activities submitted after Friday, January 17th or not reported to the Finance inbox will be recorded as 2020 expenses.
 
If you have any questions, please email finance@appraisalinstitute.org.
 
Chapter QuickBooks Online - Usage Limits | Please be aware that in 2019 Intuit QuickBooks implemented usage limits to QuickBooks Online plans. These affect how many users, classes and chart of accounts elements you can have. QuickBooks is going to begin to suspend accounts that have not reduced their limits by their next renewal date. This suspension would also include QuickBooks Online payroll. The recommendation is to reduce your limits as soon as possible to avoid this. To reactivate your account after it has been suspended you will need to call Intuit QuickBooks.
 
To see your chapter’s usage, click on the Settings icon in the upper right corner. Under Your Company, select Account and Settings, then select the Usage tab. You will see a snapshot of how much of each limit is being used and will know which limits need to be reduced. Click on the ‘Find out more about usage limits’ hyperlink (in blue) to learn how to manage your limits.
 
Minimum Chapter Criteria - Financial Requirements | Effective for 2020 chapters must submit financial related minimum criteria directly to the Finance Department. For chapters not yet on CFMAP systems this includes the Internal Control Policy document, year-end financial statements, and 990 federal tax returns and/or filing extensions. Yearly budgets should continue to be entered into QuickBooks Online with notification being sent to the Finance Department. CFMAP chapters are required to send their yearly budgets directly to the Finance Department. Send all submissions to finance@appraisalinstitute.org. As a reminder, the following financial criteria is due in January:
  • Approved 2020 budget                       Due January 31, 2020
  • Signed Internal Control Policy            Due January 31, 2020
Region 2020 Funding | The 2020 funding amount remains at $13,500 per region and will be disbursed to each region in equal $3,375 installments at the start of each quarter. Funding can be utilized towards any expense listed in Part III of the Region Financial Policy. If the full amount is not used, regions may use excess funding amount in future years. Please access Chapter Business Tools>Region Finances for the full Region Financial Policy.

 

Education 

New Education Announcements:

N/A

Classroom Education | Now Available: 

The Cost Approach: Unnecessary or Vital to a Healthy Practice?                                               
NEW 7-hour seminar for residential appraisers. Premiered December 2019 with immediate release to chapters.
 
Valuation Resources for Solar Photovoltaic Systems
NEW 4-hour seminar for real estate appraisers, lenders, and underwriters. Premiered November 2019.
 
Appraisal of Manufactured Homes Featuring Next-Generation Homes                                
NEW/Post-premiere 7.5-hour course, developed in collaboration with Freddie Mac, for residential appraisers and reviewers who are currently working in the secondary market lending space. Will be released to Chapters April 1, 2020. Click here for more information.
 
Rural Area Appraisals: Freddie Mac Guidelines and Property Eligibility Requirements
NEW 7-hour seminar for residential appraisers and reviewers who are currently working in the secondary market lending space. Will be released to Chapters April 1, 2020. Click here for more information.
 
Advanced Residential Applications & Case Studies/Part 1
Revised version now available! Learn more here.
 
Artificial Intelligence, AVMs, and Blockchain: Implications for Valuation                                              
4-hour seminar for general and residential appraisers. Learn more here!
 
Litigation Appraising: Specialized Topics and Applications
Now 3 days. Released to chapters in September. Third of three revised courses in the Litigation Professional Development Program. Click here for more information.
                                                                                                          

Classroom Education | In Development:                                                                                               

General Report Writing & Case Studies
MAJOR REVISION tentative release TBD.
 
USPAP
2020-21 updates to courses and seminars.

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). 

  • Coming soon: Appraisal of Manufactured Homes Featuring Next-Generation Homes
  • Coming soon: Rural Area Appraisals: Freddie Mac Guidelines and Property Eligibility Requirements
  • The Cost Approach: Unnecessary or Vital to a Healthy Practice?
  • Valuation Resources for Solar Photovoltaic Systems
  • 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)
Designation_Education_and_USPAP
 
2020_Capstone_Schedule
 
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.

 

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

To welcome the new AI professionals who joined your chapter last month log-in to your Chapter Portal.
  • Select Reports (right-hand side menu bar)
  • AI Chapter Join - Rejoin Report
  • View Report
Volunteer of Distinction Program
Nominate a Volunteer of Distinction | Volunteer of Distinction honorees are recognized on a quarterly basis, i.e. Q4 2019 honorees will be recognized in January 2020. Any Designated Member, Candidate for Designation, Practicing Affiliate or Affiliate in good standing who makes contributions to the Appraisal Institute, the valuation profession and their local community is eligible to be recognized. AI professionals in good standing submit nominations, on a form provided on the Appraisal Institute's website, to AI national staff. Appraisal Institute staff receive and review nominations to confirm that they conform to the program's selection criteria. Individuals may not nominate themselves.
 
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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