President's Message
05/31/14
May 31, 2014
Dear Colleagues,
Well, spring has finally sprung, and in spite of our May snow, CCAI classes and seminars are blossoming all over. Please consider joining us for an event or two. Here are some dates and events for your consideration:
June 24 – Golf Outing at Silver Lakes Golf Course in Orland Park
June 25 – Chicago Loop Walking Tour
August 2-5 - AI Connect - Austin, Texas
August 20-22 - Review Theory – Residential
August 25-29 - Review Theory - General
September 19 – Residential Applications: Using Technology to Measure & Support Assignment Results - Bloomington
Blossoming along with our offerings are CCAI designees. In the last three months ten members have earned their MAI designations and four members have received their AI-GRS designation. Congratulations to our most recently designated members.
New MAI Designations Awarded
Ryan T. Korth, MAI
Amanda E. Wilson, MAI
William M. Stronks, MAI
Sean D. Cannaday, MAI
James R. Alcantara, MAI
Daniel J. McNeilly, MAI
Peter J. Tibble, MAI
Caitlin A. Bevis, MAI
David Barros, MAI
Dave Handley, MAI
New Review Designations Awarded
Brian D. Flanagan, MAI, AI-GRS
Richard deVerdier, MAI, SRA. AI-GRS
Terrance P. McCormick, MAI, AI-GRS
Victoria C. Pierce, MAI, AI-GRS
As we continue to encourage our members along the designation path, we have expanded our Scholarship Program to include a new Trainee Scholarship Program. Congratulations to the seven members who were awarded scholarships with this Spring's offerings.
Scholarship Awards :
David Gulley - Crommelin Trust Scholarship
Elizabeth Gulis - Schroeder Scholarship
Jacob Johnston - Trainee Scholarship
John Shanahan - Trainee Scholarship
Leah Sweeney - Trainee Scholarship
Thomas Hart - Trainee Scholarship
Travis Campbell - Trainee Scholarship
Thank You
The Chapter held two very successful member meetings earlier this month and we wrapped up the month with our Chicago Conditions Seminar. We want to thank all our presenters for graciously donating their time and sharing their expertise.
May 14th - Dinner with Brian Weaver at the Chateau in Bloomington with 34 in attendance
May 15th - Luncheon at Wildfire with speaker Mary Ludgin of Heitman where 107 were in attendance.
May 28th - Chicago Conditions Seminar including several guest speakers where 90 were in attendance.
Government - presentation by Thomas Jaconetty from Cook County Assessor's Office;
Retail - presentation by Eteri Zaslavsky from Next Realty;
Industrial - presentation by Geoff Kasselman, from Newmark Grubb Knight Frank;
Economic - presentation by Karen Cavanaugh from Voya Investment Management;
Hotel - panel discussion - with Robert Habeeb (First Hospitality Group), Ted Mandigo (Horwath), and Steve Kisielica (Lodging Capital Partners);
Office - presentation by John Abuja from Marcus & Millichap
Supervisor/Trainee Requirement Changes
In case you have not heard, there are changes in the AQB requirements for both Supervisory Appraisers and Trainee's.
The Appraiser Qualifications Board (AQB) of the Appraisal Foundation adopted changes to the Real Property Appraiser Criteria that will become effective January 1, 2015. These changes represent minimum national requirements that each state must implement no later than January 1, 2015. However, the Criteria changes may affect you now.
Supervisory Appraisers and Apprentice Requirement Changes:
a. State Certified Supervisory Appraisers:
i. Shall be in good standing within the training jurisdiction and not subject to any disciplinary action within the last three (3) years that affects the Supervisory Appraiser’s legal ability to engage in appraisal practice.
ii. Shall have been state-certified for a minimum of three (3) years prior to being eligible to become a Supervisory Appraiser.
b. Apprentice Appraiser
i. Must complete all qualifying education within the five (5) year period prior to date of submission of an application for an Apprentice Permit.
c. Supervisory Appraiser and Apprentice
i. Shared responsibility to ensure the appraisal experience log for the Apprentice is accurate, current and complies with the requirements of the Apprentice’s credentialing jurisdiction.
ii. Both the Apprentice and Supervisory Appraiser shall be required to complete a course that, at a minimum, complies with the specifications for course content established by the AQB. The course will be oriented toward the requirements and responsibilities of Supervisory Appraisers and expectations for Apprentices. The course must be completed by the Apprentice prior to obtaining an Apprentice Permit and completed prior to the Supervisory Appraiser supervising an Apprentice.
FAQ's (From The Appraisal Foundation website)
Question 1:
I am currently a credentialed Trainee Appraiser. Am I required to take a Supervisory Appraiser and Trainee Appraiser course prior to January 1, 2015, in order to remain a Trainee Appraiser?
Response:
While the AQB encourages existing Trainee Appraisers to take the course, the 2015 Real Property Appraiser Qualification Criteria do not require currently-credentialed Trainee Appraisers to do so (i.e., you are “grandfathered” from the AQB’s perspective). However, check with your state appraiser regulatory agency, since it may adopt more stringent requirements.
Question 2:
I am currently a Supervisory Appraiser of a Trainee Appraiser. Am I required to take a Supervisory Appraiser and Trainee Appraiser course prior to January 1, 2015, in order to continue to supervise Trainee Appraisers?
Response:
While the AQB encourages existing Supervisory Appraisers to take the course, the 2015 Real Property Appraiser Qualification Criteria do not require current Supervisory Appraisers to do so (i.e., you are “grandfathered” from the AQB’s perspective). However, check with your state appraiser regulatory agency, since it may adopt more stringent requirements.
Please note however, if you seek to serve as a Supervisory Appraiser of any additional Trainee Appraiser(s) after the implementation date (e.g., January 1, 2015) you must fulfill all of the 2015 Criteria requirements to become a Supervisory Appraiser at that time.
Classes are being developed to meet these education requirements. Please watch the Chapter Emails and Website for dates and locations.
Pending Legislation
Our ICAP representatives continue to work on legislative issues affecting our profession. Senate Bill 3044 has been filed. Please visit the ICAP website for more information and updates. http://www.icapweb.org
As your 2014 Chapter President, I want to continue expanding our outreach and serving all members throughout our state. Please know that I welcome all your questions and ideas about how we can better support you and our profession. I look forward to hearing from you and seeing you at one of our events.
Regards,
Sharon Bagby, SRA
2014 Chapter President
Direct Line: 847-639-9492
Email: sbagby@comcast.net
