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Chapter FYI from AI

Chapter FYI - April 2018

Important Dates & Deadlines

A P R I L 

15 | AI Education Trust Undergraduate and Graduate Scholarships application deadline. Learn more here.

M A Y

10-11 | AI Board of Directors 2nd Quarter Meeting, Chicago, IL
16-18 | LDAC, Washington, DC
18 | Premiere of NEW 7-hour seminar for general appraisers: Evaluating Commercial Leases: The Tenant and the Terms Both Matter, Chicago, IL. Learn more here
25 | Nominations due for the Lifetime Achievement Award and the Outstanding Service Award. Learn more here.

Future 2018 Meetings/Events/Deadlines

July 1 | Chapter Awards application deadline. Learn more here.
July 1 | Education Trust Scholarships application deadline. Learn more here. 
July 29 | Region Meetings, Nashville, TN
July 30 - Aug. 1 | AI Annual Conference, Nashville, TN
Aug. 2-3 | AI Board of Directors 3rd Quarter Meeting, Nashville, TN
Sept. 4 | Leadership Resource Registry submission deadline for 2019 national committees, panels, entities
Sept. 30 | Submission deadline for 2019 chapter and region dues amounts
Oct. 11-12 | Chapter Leadership Program, Chicago, IL
Nov. 15-16 | AI Board of Directors 4th Quarter Meeting, Chicago, IL

New Announcements

Apply Now for Chapter Awards | Get recognized for your hard work and achievements during the 2017 calendar year! The national office is now accepting applications for the 2018 Chapter Awards Program. The following awards will be presented to winning chapters at the 2018 Chapter Leadership Program in Chicago, Oct. 11-12:
  • State Government Relations Award
  • Newsletter Award
  • Hot Topic/Special Projects Award
The deadline to apply is July 1. Learn more about the 2018 Chapter Awards and apply online. Questions? Contact Kim Williams at kwilliams@appraisalinstitute.org. 
 
New Resource for Newly Designated Members | Admissions and Continuing Education recently created a new resource it will send to newly Designated members (earning first and additional designations). The document covers information important to newly Designated members and will also serve as a great refresher for individuals adding additional designations.

Designated Member Resources includes information regarding enhanced benefits, use/request of designations and logos, member dues structure, expanded AI member profile, public relations and marketing, AI volunteer opportunities, networking, certification statements, professional practice questions, AI continuing education requirements and logging outside CE, professional development programs, key contacts, and much more.

Register Now for the AI Annual Conference | Registration is open for the 2018 Annual Conference, which will be held July 30-Aug. 1 at the brand new JW Marriott hotel in downtown Nashville, Tennessee.
 
Individuals who register by April 13 will be entered into a drawing to win one of three American Airlines flight vouchers good for roundtrip travel in the continental U.S., Canada and Mexico. See full terms and conditions for the drawing. 
 
Alison Levine, a best-selling author and mountain climber focused on leading teams in extreme environments, and Don Gossman, SRA, an appraiser and author who worked with the FBI and U.S. Attorney’s office to help break up a mortgage fraud ring, will be the keynote speakers.
 
Chapter Legal Inquiries | Chapters should direct any legal related inquiries to Jeff Liskar, General Counsel, at jliskar@appraisalintitute.org, or Christina Mitakis, Associate Counsel, at cmitakis@appraisalinstitute.org.
 
Thank You to Our LDAC Sponsors | The 2018 Leadership Development and Advisory Council, May 16-18, sold out in less than three days! We thank all of our 2018 sponsors for their support:
  • AI Education Trust
  • LIA
  • AI Insurance Trust
  • BBG
  • Southern California Chapter
  • Jerome Haims Reality, Inc.
  • Bluegrass Chapter 

 

Education 

New Education Announcements:

NEW 7-hour seminar, Evaluating Commercial Leases: The Tenant and the Terms Both Matter, explores both the tenant and the terms of commercial leases. Participants will learn about rent structures, landlord and tenant obligations, and basic types of commercial leases. In addition, they will learn how business terms and the credit quality of tenants affect the quantity and duration of net operating income. The seminar is set to premiere May 18th in Chicago, IL and May 24th in Dublin, CA and will be released to Chapters May 25, 2018. 

Classroom Education | Now Available: 

Business Practices and Ethics: Course now includes include a print and/or pdf copy of the Appraisal Institute Professional Practices Booklet consisting of Preamble to Appraisal Institute Standards, Standards of Valuation Practice, Certification Standard of AI, Code of Professional Ethics, Reg 6 Summary, Common Errors & Issues, and Guide Notes. Find out more here.

General Income Approach/Part 1: UPDATE/Revision available April 4. Click here for offering dates and more information.

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

2018-2019 National Uniform Standards of Professional Appraisal Practice (USPAP) Course 7-Hour Update: Classroom available now! Click here for offerings.

2018-2019 National Uniform Standards of Professional Appraisal Practice (USPAP) 15-Hour Course: Classroom now available! Click here for offerings.  

Solving Land Valuation Puzzles: 7-hour seminar for general and residential appraisers. A collection of mini-case studies will prompt interesting discussion specific to land valuation studies, including highest and best use considerations, land residual analysis, contamination, and tax increment financing impacts on feasibility. Learn more here.

Practical Applications in Appraising Green Commercial Properties: 15-hour course which replaced the classroom course titled Case Studies in Appraising Green Commercial Buildings. Based on the Appraisal Institute's new publication, The Valuation of Green Commercial Real Estate. Click here for more information. 

Classroom Education | Coming Soon: 

Review Case Studies-General
UPDATE/Revisions available soon!

General Income Approach/Part 2
UPDATE/Revision available in April.

Classroom Education | In Development:

In the Eye of the Hurricane: Understanding an Investigation by a State Regulatory Board Agency
NEW 4-hour seminar for residential and general appraisers. Explores why a state investigation is serious business, how the process works (in general), how a complaint begins, the consequences of sanctions, the role of USPAP, and what can be learned from disciplinary actions. Tentative premiere and release to Chapters in July or August. 

Rural Valuation Basics
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 the students to real world examples. Tentative premiere and release to Chapters in September.
 
General Site Valuation & Cost
MAJOR REVISION tenative debut 3rd Quarter.
 
Business Practices and Ethics
MAJOR revision coming later this year.
 
Working with the Agencies: FHA, Fannie, Freddie, VA
NEW 7-hour seminar. Tentative 4th Quarter 2018 premiere.

Valuing Leasehold Interests
NEW 7-hour seminar. Tentative 4th Quarter 2018 premiere.

Litigation Appraising: Specialized Topics & Applications
15-hour PDP Revision. Tentative release 4th Quarter 2018.

The Appraiser as an Expert Witness
15-hour PDP Revision. Tentative release 4th Quarter 2018.

General Report Writing & Case Studies
MAJOR REVISION tentative debut 2019  

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). 

  • Do you have the competency needed to value green properties? (Green education/publications - click here to view example flyer)
  • 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
  • Coming soon: Evaluating Commercial Leases: The Tenant and the Terms Both Matter
The Education Committee recently adjusted the timeline for all classroom and synchronous registration and online session end dates (see chart below).  
 
This affects the following four courses:
Advanced Income Capitalization
Advanced Market Analysis and Highest and Best Use
Quantitative Analysis
Advanced Concepts and Case Studies
 

Important Deadlines for MAI Designation Education

Task

Deadlines

Official FIRST day of course—day online session begins

28 days BEFORE the classroom session begins

Last day to register for and submit the Diagnostic Test

21 days BEFORE the classroom session begins

Last day to receive a “pass” confirmation on Diagnostic Test

14 days BEFORE the classroom session begins

Last day to register for the course with printed materials*

14 days BEFORE the classroom session begins

Last day to register for the course*

days BEFORE the classroom session begins

Last day to cancel registration with full refund

15 days BEFORE the classroom session begins

Last day to cancel registration with $150 cancellation fee

14 days or less BEFORE the classroom session begins

Last day to cancel registration with -0- refund

7 days or less BEFORE the classroom session begins

Last day to complete online session

days BEFORE the classroom session begins

 
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.
March_2018_FYI
 
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
Four individuals honored as AI ‘Volunteer of Distinction’ in 1Q | The Appraisal Institute announced April 4 the recognition of four individuals as a “Volunteer of Distinction” for the first quarter: Jerry L. Fulwiler, MAI, (North Texas Chapter); William S. Morris, MAI, (North Texas Chapter); Terrell R. Oetzel, MAI, (Great Lakes Chapter); and Tuan C. Nguyen, MAI, AI-GRS, (North Texas Chapter).
 
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 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.
 
Check out the updated Nomination Form and Program Description for further details.

 

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