2012 ICAP Pre-Seminar Presentation

WELCOME TO THE 2012

ILLINOIS COALITION OF PROFESSIONAL APPRAISERS (ICAP)ILLINOIS APPRAISER UPDATE SEMINAR

2012 ILLINOIS APPRAISER UPDATE SEMINAR

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Congratulations to ICAP and its membership for helping pass the:

Appraisal Management Company Registration ActEffective January 1, 2012

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ICAP 2012 Officers: President: Tamara J. Bellisario Vice President: Peter Poulos Treasurer: Rick Hiton Secretary: Rich deVerdier

Immediate Past President: Sharon Bagby

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ICAP 2012 Directors:Brian Masterson Tom Rodgers

Lee Lansford Tedd NeffDavid L. DuBois Dan G. LegnerBarton DeLacy Michael A. Wolin

Sue Camp John WittertMike Morris Karen Emerle

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Visit ICAP’s Improved Website

www.ICAPWeb.Com

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ICAP was established in 1994, and is supported by the following sponsoring organizations:

ICAP

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Visit ICAP’s BLOG

www.ICAPWeb.Wordpress.com

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Find ICAP on Facebook:

www.facebook.com/ICAPweb

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Follow ICAP on Twitter:@icapweb

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Join ICAP’s Linked in Group:

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ICAP’s extends our gratitude to the companies that support our mission by being an exhibitor at ICAP's Lisle Seminar.

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ICAP Member Benefit:Representation in Springfield, IL

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ICAP Member Benefit:Strength in Numbers

(Over 1,800 Members)

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ICAP Member Benefit:Constant Contact

(Regular E-mail Updates and Social Media Campaign)

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ICAP Member Benefit:Job Search

(Bulletin board for appraisers seeking employment )

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ICAP Member Benefit:On Line Appraiser Tools

(Hundreds of appraisal related links at our website www.icapweb.com)

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ICAP Member Benefit:ICAP Summer Seminars (Education/Networking)

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ICAP Member Benefit:Find an Appraiser:

(Potential clients can search ICAP members by name, city, postal code, or county )

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ICAP Member Benefit:Discount’s on Office Max Products & Services:

(Go to www.Officemaxsolutions.com, enter username: ICAP, and Password: OFFICEMAX1)

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ICAP Member Benefit:Discount’s at Avis Rent-A-Car :

(Receive up to 40% off Avis Rent-A-Car rates using ICAP’s AVIS Worldwide Discount number: W652341)

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ICAP's Recent Accomplishment:ICAP was instrumental in the development of

the Administrative Rules:• AMC's must be noted as client if ordering the appraisal• USPAP must be taken within 6 months of a new release

• Appraisal fees for AMC orders must be noted in the certification

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ICAP's Recent Accomplishment: ICAP was instrumental in the development of the

Appraisal Management Company Act:• All AMC's will register

•Appraisal firms owned by certified appraiser are exempt from registration • AMC's must compensate appraisers at a customary and reasonable rate

• AMC's Cannot withhold or threaten to withhold payment• Cannot condition appraisal on a value conclusion

• Cannot remove appraisers from approved lists without notice• Cannot require appraisers to sign indemnifications agreements

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ICAP's Recent Accomplishment: ICAP was instrumental in the development of the

Appraisal Appraiser Licensing Act for 2011:•Appraisal fees for AMC assignments must be disclosed

in the certification• The Department or designee shall conduct a survey of

appraisal fees for 1-4 family •Defined AMC's and Appraisal firms

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ICAP's Mission Statement: ICAP works to promote the appraisal profession

and its image to the general public and to users of appraisal services. ICAP initiates discussion and

analysis of issues affecting professional appraisers and monitors political action with the intent to

influence legislation, regulation and public opinion toward the appraisal profession.

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ICAP's Mission Statement: ICAP works to promote the appraisal profession

and its image to the general public and to users of appraisal services. ICAP initiates discussion and

analysis of issues affecting professional appraisers and monitors political action with the intent to

influence legislation, regulation and public opinion toward the appraisal profession.