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Chapter FYI from AI

Chapter FYI - August 2019

Important Dates & Deadlines

AUGUST

19 | Chapter 3rd Quarter Education Webinar at 2pm CT. Save the Date!
22 | Overcoming Challenges Appraising Mixed-use Property – a free case study webinar presented by realquantum. Learn more.
22-23 | Chapter netForum Training, Chicago
23 | Premiere of NEW 4-hour seminar Artificial Intelligence, AVMs, and Blockchain: Implications for Valuation. Denver, CO. Learn more.
26-27 | Chapter netForum Training, Chicago

SEPTEMBER

 3 | A Look At Supporting Adjustments With The Three Approaches FREE webinar. Learn more.
15 | Chapter/region 2020 dues amounts submission deadline
15 | AI Education and Relief Foundation scholarship application deadline. Learn more.
18-20 | Debut of PDP course Litigation Appraising: Specialized Topics and Applications. Improved, refreshed, and expanded to 3 days instead of 2. Learn more.
20 | Important Change: Online Revenue Share Q3 submission deadline
26-30 | AI Systems Blackout

OCTOBER

 1 | New System Go-Live

Future Meetings/Events/Etc.

Nov. 14-15 | AI Board of Directors 4th Quarter Meeting, Chicago
Feb. 11 | LDAC 2020 registration opens
May 18-20, 2020 | LDAC 2020 

New Announcements

2020 Chapter and Region Dues/Fees Entry | As a reminder, you may now enter your 2020 chapter and region dues/fees amounts in the portal on Chapter Business Tools (log-in required) through September 15, 2019. The amounts from 2019 have already been pre-populated into the 2020 column. Please make any necessary changes for 2020 by September 15, 2019, or your 2019 amounts will be used on the 2020 dues invoices. No further entries will be accepted after the September 15th deadline. If your dues amounts are not changing for 2020, no action has to be taken.
 
AI Education and Relief Foundation announces scholarship for Practicing Affiliates | The AI Education and Relief Foundation (AIERF) is pleased to announce a new scholarship to help Practicing Affiliates complete courses towards their state certification.  Applications are due on September 15 and can be completed online.
 
New Online On-Demand Educational Offering | Fundamentals of Apartment Appraising focuses on the unique aspects of apartment properties that can influence appraisal development and value conclusions. Instruction includes examples of basic techniques using small- to mid-range apartment buildings, and a comprehensive case study.
 
Learn more about this course and register today!
 
Full Price AI Price CE Hours
$137.00 $115.00 7
 
FREE Webinar for Appraisal Institute Members and Professionals | A Look At Supporting Adjustments With The Three Approaches - Can you adequately support adjustments, especially in these days of Collateral Underwriter? While many educational programs exist to assist you, they typically focus on just one approach or technique.  In this two-hour webinar, developed by the Appraisal Institute Residential Appraiser Project Team (RAPT), three highly respected residential appraisers will discuss using the three approaches to derive and support adjustments.
 
Learn more about this webinar and register today!
 
Date: Tuesday, September 3, 2019
Time: 12:00 pm – 2:00pm CST
 
Address Changes | Please remind members to update their addresses with the Appraisal Institute if they move or change firms. USPS does not forward Valuation or The Appraisal Journal to a new address, even if the post office has the new address on file. Members can update their address by going to the “Manage My Account” page of the AI website at http://bit.ly/manageAI (login required) or by emailing the AI Service Center at aiservice@appraisalinstitute.org.

Artificial Intelligence, AVMs, and Blockchain: Implications for Valuation | Last chance to sign up! What if you could value challenging properties in less time? Register for this brand new seminar covering the impact of artificial intelligence and blockchain in valuing property. Debuts in Denver on August 23rd.
 
Appraisal of Manufactured Homes Featuring Next Generation Manufactured Homes | Now available to all chapters – digital display ads to promote Freddie Mac’s collaboration course with Appraisal Institute. Please, reach out to marketing@appraisalinstitute.org with any questions about how to be involved. See all of the brand new courses available in September 2019!
 
Sep 9 - Columbus, OH
Sep 12 - Shreveport, LA
Sep 13 - Louisville, KY
Sep 16 - Jackson, MS
Sep 16 - Medford, OR
Sep 17 - Lansing, MI
Sep 17 - Oklahoma City, OK
Sep 18 - Raleigh, NC
Sep 19 - St. Louis, MO
Sep 20 - Indianapolis, IN
Sep 23 - Roanoke, VA
Sep 23 - College Station, TX
Sep 24 - Albany, NY
Sep 25 - Jacksonville, FL

 

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 Practice Problems booklet containing additional computational problems to help students successfully work through related questions on the exam was released in May.

Rural Valuation Basics
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
Check out new 7-hour seminar here.

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 4-hour seminar for residential and general appraisers that premiered October 2018.

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 September 18, 2019.

Advanced Residential Applications & Case Studies/Part 1
Revisions set to debut October 2019.

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

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

General Report Writing & Case Studies
MAJOR REVISION tentative release June 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). 

  • COMING SOONThe Cost Approach: Unnecessary or Vital to a Healthy Practice?
  • COMING SOONValuation 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)
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. Q3 2019 honorees will be recognized in October. 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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