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Chapter FYI from AI

Chapter FYI - June 2018

Important Dates & Deadlines

JUNE

29 | Grants for green education offerings application deadline. Learn more here.
30 | Chapter elections deadline
30 | Q2 Online Revenue Share submission deadline

JULY

1 | Chapter Awards application deadline. Learn more here.
1 | Education Trust Scholarships application deadline. Learn more here
15 | Submission of 2019 Chapter Officers deadline
29 | Region Meetings, Nashville, TN
30 | AI Annual Conference, Nashville, TN

Future 2018 Meetings/Events/Deadlines

Aug. 2-3 | AI Board of Directors 3rd Quarter Meeting, Nashville, TN. Learn more and register
Sept. 4 | Leadership Resource Registry submission deadline for 2019 national committees, panels, entities
Sept 21-22 | Instructor Qualifying Conference, Chicago, IL. Learn more and register.
Sept. 30 Submission deadline for 2019 chapter and region dues amounts
Oct. 11-12 | Chapter Leadership Program, Chicago, IL. Learn more here.
Nov. 15-16 | AI Board of Directors 4th Quarter Meeting, Chicago, IL

New Announcements

Grants to Chapters for Green Education | The Appraisal Institute Education & Relief Foundation (AIERF) recognizes the importance of sustainable valuation knowledge in today’s changing real estate marketplace and as such has created a grant program to support chapters which desire to offer one or more of AI’s green education programs. 

To be eligible for funding consideration, chapters must submit a letter of intent, outlining the following information:
  • Course(s) to be offered, which must be one or more of the following:
    • An Introduction to Green Buildings
    • Case Studies in Appraising Green Residential Properties
    • Residential and Commercial Valuation of Solar
    • Practical Applications in Appraising Green Commercial Properties
  • Intended scheduling range for the course offering(s) (offerings must be scheduled to occur prior to December 31, 2018).
  • Promotional efforts envisioned by the Chapter to support the offering(s).
  • Other support to be provided by the Chapter in support of the offering(s).
  • Amount of grant funding requested and proposed use of the grant funding to offset program expenses. Please describe how the funding will be utilized to benefit students via an affordable tuition rate.

Completed grant request letters must be returned to AIERF by June 29, 2018.   AIERF will review all complete grant requests and notify each applicant of the status of their request following grant determinations being made. Grants will be released to the Chapter upon successful completion of the offering(s) which align with the submitted grant request letter. Any offering utilizing AIERF grant funding must follow all Appraisal Institute regulations, policies and procedures related to education delivery. If funding is awarded, the Chapter must complete the Appraisal Institute online chapter education application for each proposed offering within ten (10) business days.

Completed letters should be submitted to:
Appraisal Institute Education and Relief Foundation
200 W. Madison Street, Suite 1500
Chicago, Illinois 60606
educationtrust@appraisalinstitute.org

State and Government Agency OLRS Registration Payments for Chapter Programs | When working with state or government agencies on registrations for chapter sponsored seminars/classes, you will likely be asked to provide a DUNS Number or Cage Code in order for them to process your invoices. If your chapter provides them with the Appraisal Institute DUNS number and/or Cage Code, please make sure to inform the National office. This number/code is linked to National’s bank account and an electronic payment for your invoice will be sent to our office.

In order to ensure that your chapter receives the payment for registrations, please send an email to Finance at finance@appraisalinstitute.org, and provide us with as much information as possible such as a copy of an invoice that was generated, class date, expected payment amount, etc. These payments do not include any chapter names, therefore it is extraordinarily challenging to know which chapter should receive the funds.

If you have any questions, please contact Sylvia Davila at sdavila@appraisalinstitute.org or Yolanda Smith at ysmith@appraisalinstitute.org

AI Board Seeks Input on Governance Structure | Visit the Appraisal Institute website to learn about the Governance Structure Project Team’s (GSPT) latest efforts, to find out what GSPT recently shared with the AI Board of Directors and to provide your input to GSPT and the Board.
 
Click here (log-in required) to learn more and to share your thoughts.

Expanded Education Delivery | Expanded delivery of Appraisal Institute education was approved by the National Board of Directors in October 2013. Since then, we have been seeking opportunities for non-traditional delivery of education.  As these prospects present themselves, we attempt to ensure they do not compete with other known chapter offerings.  At its most recent meeting in May 2018, the Strategic Planning Committee re-emphasized the need to continue this program.

New Seminar Premiers with Excellent Reviews! | 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. Click here to find out more!
 

 

Education 

Classroom Education | Now Available: 

Solving Land Valuation Puzzles: Post-premiere version available for offerings on or after 6/14/2018. FInd out more here.

Review Case Studies-General: Revised material now available. Find out more here.

Review Theory-General: Revised material now available. Find out more here.

General Income Approach/Part 1: Click here for offering dates and more information.

General Income Approach/Part 2: Click here for more information and classroom offering dates.

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

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.

Classroom Education | In Development:

Ignorance Isn’t Bliss: Understanding an Investigation by a State Regulatory Board or 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 October. 

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 students to real world examples. Tentative premiere and release to Chapters in November.

General Site Valuation & Cost Approach
MAJOR REVISION; tentative debut in November.
 
The Appraiser as an Expert Witness
15-hour PDP Revision. Tentative release November.
 
Business Practices and Ethics
MAJOR revision coming later this year.

How Tenants Create or Destroy Value
NEW 7-hour seminar. Tentative release 1st Quarter 2019.

Working with the Agencies: FHA, Fannie, Freddie, VA
NEW 7-hour seminar.

General Report Writing & Case Studies
MAJOR REVISION tentative debut 2019  

Recent Updates to FREE Chapter “Spotlight” Seminars
The “Spotlight” titled programs have new titles and you may need to resubmit them to your states. USPAP was removed from the titles because these programs don’t focus entirely on USPAP anymore. They are now “spotlights” on certain topics. SVP, Code of Professional Ethics, etc., have been incorporated over the years. There are also revised PowerPoints, Schedules, Overview Descriptions, and Learning Objectives available. You may download the new materials via the Box.com link here: https://appraisalinstitute.box.com/s/kw7k0udcohblz080vddbzleli8ppk249. Below is a list of the updated titles:

  • A Lender's Perspective: The Role of the Appraisal in the Lending Process
  • Spotlight on Common Errors and Issues
  • Spotlight on Confidentiality
  • Spotlight on Reappraising, Readdressing, Reassigning: What to Do and Why
  • Spotlight on Record Keeping—Who, What, Where, When, How, and Why
  • Spotlight on Review

Click here to access the AI website page (log in required): Chapter Seminar Resources

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). 

  • WANTED: Real Estate Appraisers Who are Experts in Litigation (Litigation education/publications)
  • Evaluating Commercial Leases: The Tenant and the Terms Both Matter
  • 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
The Appraisal Institute Marketing Department developed a brochure called “AIM Higher” to help educate clients about the Appraisal Institute education and designations. This brochure is available to AI Chapters to purchase, but the first 25 are free. The “AIM Higher” education brochure can be handed out during the registration process the day of a class.  To order the brochure and get your first 25 free, visit Brochures for Consumers within the Marketing and PR section of Chapter Business Tools

AIMHigherPicAIMHigherEducationPathwayChart

 
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.
May_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
Volunteer of Distinction honorees are now recognized on a quarterly basis, as apposed to monthly. i.e. Q2 honorees will be recognized in July, as opposed to individual honorees for April, May and June. Any AI professional may nominate another AI professional directly at VOD@appraisalinstitute.org, using the form on the AI website.
 
All honorees still will be promoted via the President's Message, local news release and Appraiser News Online, and chapters will continue to be provided a certificate for each honoree from their chapter.
 
Check out the updated Nomination Form and Program Description for further details.

 

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