2011 ICAP Pre-seminar presentation

1. WELCOME TO THE 2011 Illinois Coalition of professional Appraisers (ICAP) Illinois Appraiser update seminar 2011 ILLINOIS APPRAISER UPDATE SEMINAR 1

2. 2011 ILLINOIS APPRAISER UPDATE SEMINAR 2 Congratulations to ICAP and its membership for helping pass the: Appraisal Management Company Registration Act Sent to Governor Pat Quinn For Signature 06/27/2011

3. 2011 ILLINOIS APPRAISER UPDATE SEMINAR 3 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.

4. 2011 ILLINOIS APPRAISER UPDATE SEMINAR 4 ICAP 2011 Officers: President: Sharon Bagby Vice President: John Shanahan Treasurer: Tamara Bellisario Secretary: Rick Hiton Immediate Past President: Jim Blaydes

5. 2011 ILLINOIS APPRAISER UPDATE SEMINAR 5 ICAP 2011 Directors:

6. 2011 ILLINOIS APPRAISER UPDATE SEMINAR 6 Visit ICAP’s New Website www.ICAPWeb.Com

7. 2011 ILLINOIS APPRAISER UPDATE SEMINAR 7 ICAP was established in 1994, and is supported by the following sponsoring organizations:

8. 2011 ILLINOIS APPRAISER UPDATE SEMINAR 8 Visit ICAP’s BLOG www.ICAPWeb.Wordpress.com

9. 2011 ILLINOIS APPRAISER UPDATE SEMINAR 9 Find ICAP on Facebook: www.facebook.com/ICAPweb

10. 2011 ILLINOIS APPRAISER UPDATE SEMINAR 10 Follow ICAP on Twitter: @icapweb

11. 2011 ILLINOIS APPRAISER UPDATE SEMINAR 11 Join ICAP’s Linked in Group:

12. 2011 ILLINOIS APPRAISER UPDATE SEMINAR 12 ICAP’s extends our gratitude to the companies that support our mission by being an exhibitor at ICAP's Lisle Seminar, Wyndham Hotel, August 1, 2011.

13. 2011 ILLINOIS APPRAISER UPDATE SEMINAR 13 ICAP Member Benefit: Representation in Springfield, IL

14. 2011 ILLINOIS APPRAISER UPDATE SEMINAR 14 ICAP Member Benefit: Strength in Numbers (Over 1,300 Members)

15. 2011 ILLINOIS APPRAISER UPDATE SEMINAR 15 ICAP Member Benefit: Constant Contact(Regular E-mail Updates and Social Media Campaign)

16. 2011 ILLINOIS APPRAISER UPDATE SEMINAR 16 ICAP Member Benefit: Job Search (Bulletin board for appraisers seeking employment )

17. 2011 ILLINOIS APPRAISER UPDATE SEMINAR 17 ICAP Member Benefit: On Line Appraiser Tools (Hundreds of appraisal related links at our website www.icapweb.com)

18. 2011 ILLINOIS APPRAISER UPDATE SEMINAR 18 ICAP Member Benefit: ICAP Summer Seminars (Education/Networking)

19. 2011 ILLINOIS APPRAISER UPDATE SEMINAR 19 ICAP Member Benefit: Find an Appraiser:(Potential clients can search ICAP members by name, city, postal code, or county )

20. 2011 ILLINOIS APPRAISER UPDATE SEMINAR 20 ICAP Member Benefit: Discount’s on Office Max Products & Services: (Go to www.Officemaxsolutions.com, enter ICAP username and Password)

21. 2011 ILLINOIS APPRAISER UPDATE SEMINAR 21 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)

23. USPAP must be taken within 6 months of a new release

25. Appraisal firms owned by certified appraiser are exempt from registration

26. AMC's must compensate appraisers at a customary and reasonable rate

27. AMC's Cannot withhold or threaten to withhold payment

28. Cannot condition appraisal on a value conclusion

29. Cannot remove appraisers from approved lists without notice

31. The Department or designee shall conduct a survey of appraisal fees for 1-4 family

33. Represent the profession consensus to the Illinois Legislature and Office of Banks and Real Estate (OBRE).

34. Provide a legislative regulatory liaison to associated professions and industries.

35. Provide ongoing real time information to appraisal professionals concerning legislative and regulatory events.

36. Create and maintain a forum for professional information and education sharing amongst our members and sponsoring organizations.

37. Create and maintain a method of funding through membership and information events to make the coalition self-sufficient.