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Chapter FYI from AI

Chapter FYI - October 2020

Important Dates & Deadlines

OCTOBER

12 | Premiere of NEW 7-hour seminar Rapid Response: Market Analysis in Volatile Markets in Chicago, IL. Click here to find out more!
19 | Premiere of NEW 7-hour seminar Desktop Appraisals (Bifurcated, Hybrid) and Evaluations in Tampa, FL. Learn more here.

NOVEMBER

12-13 | AI Board of Directors 4th Quarter Meeting, Virtual Meeting
23 | Premiere of NEW 7-hour seminar Getting It Right from the Start: A Workout Plan for Your Scope of Work in Virtual Classroom. Learn more.

DECEMBER

4 | Debut of REVISED 7-hour seminar Appraising Condos, Co-Ops, and PUD in Chicago. Learn more.
31 | Chapter Co-Op Advertising Reimbursement Program submission deadline. Learn more.
31 | Q4 Online Revenue Share submission deadline. Learn more.

Future Meetings/Events/Etc.

Feb. 25-26 | 2021 AI Board of Directors 1st Quarter Meeting, Chicago, IL
May 19-21 | LDAC, Washington, DC
Aug. 8 | Regional Meetings, Orlando, FL
Aug. 9-10 | Annual Conference, Orlando, FL

New Announcements

Chapter Leadership Program Presentations Available | Whether or not you attended the virtual Chapter Leadership Program on Sept. 21, we invite you to view the presentation slides containing valuable information for all chapter leaders. Topics include, but are not limited to, running productive meetings, protecting your chapter from legal issues, and what’s new in the areas of education, finances and government relations. Visit the Chapter News and Media Coverage section of Chapter Business Tools to access these presentations. Also, watch for information regarding additional webinars this fall/winter in preparation for 2021 chapter leadership. 
 
Three Chapter Mergers Approved | During its August meeting, the AI Board of Directors approved two chapter mergers. The Upstate New York Chapter merged with the Western New York/Ontario Chapter.  The name of the chapter will be the Upstate New York Chapter and the chapter will have a branch chapter known as the Western NY/Ontario Branch Chapter.  Also approved was the merger of the Great Plains Chapter and the Green Country and Ozark Mountain Chapter. The name of the new chapter will be the Oklahoma Ozark Chapter. In September, the AI Board approved the merger of the Pittsburgh Metropolitan Chapter and the Northwestern Pennsylvania Chapter by unanimous written consent. The name of the new chapter will be the Western Pennsylvania Chapter.
 
Education Partnership with Freddie Mac | In 2019, both the Appraisal of Manufactured Homes Featuring Next Generation Homes and Rural Area Appraisals: Freddie Mac Guidelines and Property Eligibility Requirements were premiered. The programs offered in several areas thorough the US through March, and then the ability to offer these programs was opened to the chapters. There was a brief time before the quarantine was put in place that some chapters were able to schedule these programs. However, many have been cancelled.  These programs are still relevant and still available for chapters to schedule. Because they were approved for classroom presentation, they are available for virtual presentation, as well as classroom presentation.
 
Though MH capacity in factories has been reduced, demand is high with more qualified buyers, there is a call for more appraiser education related to CHOICEHome.
 
In conjunction with our dedicated landing page for offerings, Freddie Mac is helping to promote any scheduled offerings of the Appraisal of Manufactured Homes and Rural Area Appraisals, so please take advantage of the support and schedule your offerings.
 
Appraisal of Manufactured Homes Featuring Next Generation Homes
  • 7.5-hour course with optional exam
 
Rural Area Appraisals: Freddie Mac Guidelines & Property Eligibility Requirements
  • 7-hour seminar
New Banner Ads Available | New banner ads are available to promote The Appraisal of Real Estate, 15th Edition on your chapter website and in newsletters. These will be posted on Chapter Business Tools under Marketing and Communications - Chapter Marketing Resources

 

Education 

New Education Announcements:

  • Fundamental Demand Analysis Overview February 2021 
  • Supporting Adjustments: The Nexus Between the Cost, Sales, and Income Approaches Feb/March 2021
Synch vs. Virtual

The definition of “Virtual” delivery format is the temporary exception (beginning 3/15/2020 until 12/31/2021) allowing previously approved classroom CE to be offered on a web platform, without additional submission or acceptance from the International Distance Education Certification Center (IDECC).

Please note that “Synchronous” delivery format is altogether different in that approval from IDECC has been granted and instructors have received the CDEI designation for distance learning instruction. 
 
Seminar approvals to be maintained in 2021
  • The Cost Approach: Unnecessary or Vital to a Healthy Practice?
  • Rural Area Appraisals: Freddie Mac Guidelines and Property Eligibility Requirements
  • Appraisal of Manufactured Homes Featuring Next-Generation Homes
  • Desktop Appraisals (Bifurcated, Hybrid) and Evaluations
  • Rapid Response Market Analysis in Volatile Markets
  • Appraising Condos, Co-ops, and PUDs
  • Getting it Right from the Start: A Workout Plan for Your Scope of Work
  • Supporting Adjustments: The Nexus between the Cost, Sales, and Income Approaches
  • Fundamental Demand Analysis Overview
  • Historic Preservation (Façade) Easements: Appraisal Techniques and Valuation Issues
  • Valuation Overview of Accessory Dwelling Units
  • Fair Value, Market Value, Fair Market Value (dark stores)
Student credit feature in NetFORUM!
 
The Credits link will appear on the Individuals’ eWeb page only if the individual has available credits on account. It will not be visible to individuals with no credits or credits that have been fully used up.
 
student_credit
 

Classroom Education | Now Available: 

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. Released to Chapters April 1. Click here for more information. Please note. Electronic files are huge. Encourage students to order the print version or download materials before they come to class.
 
Rural Area Appraisals: Freddie Mac Guidelines and Property Eligibility Requirements 
NEW/Post-premiere 7-hour seminar for residential appraisers and reviewers who are currently working in the secondary market lending space. Released to Chapters April 1. Click here for more information. Please note. Electronic files are huge. Encourage students to order the print version or download materials before they come to class.
 
The Cost Approach: Unnecessary or Vital to a Healthy Practice?                                                
7-hour seminar for residential appraisers. Premiered December 2019.  Please note. All students must bring a print copy of the seminar to class. A note has been added to the Registration page recommending that students either order the print version OR download and print a copy before coming to class. If students contact you because they are unable to download their files, please refer them to Jeanie Yu (jyu@appraisalinstitute.org) and have them send the following information: time/date of attempted download, PC or Mac, laptop or desktop, browser, snapshot of error message.
 
Valuation Resources for Solar Photovoltaic Systems
4-hour seminar for real estate appraisers, lenders, and underwriters. Premiered November 2019. Why offer this seminar? For most appraisers, developing the value of solar is a new frontier. As the demand grows for appraisers who can properly value solar homes, forward-thinking appraisers will have a market edge by being able to differentiate themselves from their peers by serving as a local source of information on solar.

Classroom Education | In Development:                                                                                             

Getting It Right from the Start: A Workout Plan for Your Scope of Work 
NEW 7-hour seminar for residential and commercial appraisers. Debut and release to chapters: November 23.
 
Appraising Condos, Co-Ops, and PUDs  
MAJOR REWRITE of 7-hour seminar, which premiered in 2013 and is on a fast-track development schedule. It will address many of the mistakes that are made by appraisers when appraising these properties. Debut and release to chapters: December 4, 2020.
 
Supporting Adjustments: The Nexus Between the Cost, Sales, and Income Approaches
NEW 7-hour seminar for residential appraisers tentatively set to premiere in February/March 2021.
 
Fundamental Demand Analysis Overview
NEW 4-hour seminar for commercial appraisers tentatively set to premiere February 2021.  
 
Historic Preservation (Façade) Easements: Appraisal Techniques and Valuation Issues
NEW 7-hour seminar for commercial and residential appraisers tentatively set to premiere 2nd QTR 2021.  
 
General Report Writing & Case Studies
MAJOR REVISION tentative release 3rd QTR 2021.
 
Valuation Overview of Accessory Dwelling Units 
NEW 7-hour seminar for residential appraisers tentatively set to premiere 3rd QTR 2021.  
 
Appraisal of Real Estate 15th edition updates to courses and seminars.

Classroom Education | COMING SOON:                                                                                             

N/A

On-line Education: Now Available:
 

Upcoming Live, On-line Education

Basic Appraisal Procedures
Build upon the fundamentals and concepts by going step-by-step through the valuation process.
November 2 – 12, 2020 (Mon-Thurs)
Learn more or register

Advanced Concepts and Case Studies
This course synthesizes basic and advanced valuation techniques and addresses the consistent treatment of the three valuation approaches for various valuation problems.
October 26 – November 5, 2020 (Mon-Thurs)
Last day to register: October 21, 2020
Learn more or register
 
Contract or Effective Rent: Finding the Real Rent
Gain a thorough understanding of effective rent and its importance in lease negotiations and valuation assignments.
November 6, 2020
Learn more or register
 
New On-Demand Online Continuing Education

Introduction to Green Buildings: Principles & Concepts
This introductory course focuses on the evolution of green buildings, the concept of sustainability in buildings, and the principles, practices, and components that distinguish sustainable buildings from conventional buildings.
Learn more or register
 
Case Studies in Appraising Green Commercial Buildings
Become familiar with the concepts surrounding green building affecting the cost to build, income and expenses, and ultimately/potentially the bottom line.
Learn more or register

Case Studies in Appraising Green Residential Buildings
This course focuses on the valuation process in different appraisal problems encountered in appraising green properties.
Learn more or register

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). 

  • Desktop Appraisals (Bifurcated, Hybrid) and Evaluations 
  • Appraisal of Manufactured Homes Featuring Next-Generation Homes
  • 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
 
 
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
Three Individuals Honored as AI ‘Volunteer of Distinction’ in 3Q |
The Appraisal Institute announced Oct. 7 the recognition of three individuals as a “Volunteer of Distinction” for the third quarter: Edward S. Falkowski, III, MAI, SRA, (Philadelphia Metropolitan Chapter); Norman C. Hulberg, MAI, (Northern California Chapter); and Rachel Massey, SRA, AI-RRS, (Great Lakes 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 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.
 
Check out the Nomination Form and Program Description for further details.

 

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