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Illinois Coalition of Appraisal Professionals

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Legislative Updates

+ 07-27-2020 - The Second Exposure Draft: Proposed Revisions to USPAP

Appraiser Standards Board Chair Wayne Miller and Vice President of Appraisal Issues Lisa Desmarais walk through the ASB's Second Exposure Draft. Be sure to submit any written comments to the ASB by July 30, 2020 for consideration. View the video and download the presentation.

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+ 07-16-2020 - Webinar: Coronavirus Legal and Risk Issues for Illinois Appraisers

Coronavirus Legal and Risk Issues for IllinoisAppraisers 

This webinar featuring Attorneys Craig Capilla and Peter Christensen who address the special legal and risk issues concerning appraisers in relation to COVID-19. They cover: 

  • Whether appraisers have yet faced actual liability situations relating to COVID-19. 
  • The potential future liability impacts for appraisers that may stem from the crisis. 
  • Concerns about future liability in relation to appraisal work generally.
  • Examples of suggested language to consider including in appraisal reports. 

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+ 07-16-2020 - Webinar: Guidelines and Requirements for Selection of Alternative Appraisal Reports for Fannie-Freddie

Best Practice Webinar on the NEW ALTERNATIVE Appraisal Reports for GSE’s and FHA

Trying to navigate the alternative residential appraisal forms and market conditions in the COVID pandemic? Then you must listen to this webinar featuring TJ McCarthy, SRA, ASA, IFA and Woody Fincham, SRA, AI-RRS, ASA.  This webinar discuss the guidelines and requirements for the selection of alternative appraisal reports for Fannie/Freddie/FHA.  This webinar also feature a section on market analysis – "Back to Basics": with Woody Fincham, SRA, AI-RRS, ASA. 

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+ 07-16-2020 - Webinar: Free COVID-19 Real Estate Appraiser Webinar Presented by ICAP

Get answers about the best business practices and listen to a discussion about the challenges and concerns of appraising real estate during the  COVID-19 pandemic.  This webinar features Dr. Michael Ison the Medical Director of the Transplant & Immunocompromised Host Infectious Diseases Service, Northwestern University Comprehensive Transplant Center at Northwestern University Feinberg School of Medicine.

This webinar also features a legislative update by ICAP's new lobbyist John S. Kamis of Turing Strategies.

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+ 07-03-2020 - The State of Illinois entered “Phase 4: Revitalization”

The State of Illinois entered “Phase 4: Revitalization” of the “Restore Illinois” plan on June 26, 2020 under Executive Order 2020-43. This brochure is intended to address ongoing questions about permitted real estate services during Phase 4. While this brochure provides one resource for real estate professionals that complements and supplements the “Restore Illinois” plan, you are encourage you to review pertinent guidance and publications from the Governor’s Office, the Illinois Department of Public Health, and the Department of Commerce and Economic Opportunity.

This guidence from the Division of Real Estate provides best practices as we move forward in reopening Illinois. Together we can ensure that the Illinois real estate industry continues to move forward as our licensees provide critical services to Illinois residents and consumers.

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+ 07-03-2020 - FHA Extends Modified Reports to August 31, 2020

This re-extension of the effective date of Mortgagee Letter 2020-05, published on March 27, 2020 will allow industry partners additional opportunity to utilize flexible guidance related to reverification of employment and appraisal protocol for FHA Single Family Programs affected by COVID-19.

The re-extension of Appraisal guidance in Mortgagee Letter 2020-05 is effective immediately for appraisal inspections completed on or before August 31, 2020. The extension of re-verification of employment guidance in Mortgagee Letter 2020-05 is effective immediately for cases closed on or before August 31, 2020.

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+ 04-24-2020 - ICAP comments on the impending Interim Final Rule that will allow real estate appraisals to be deferred for 120 days

ICAP commented on the impending Interim Final Rule that will allow real estate appraisals to be deferred for 120 days for certain real estate transactions.  The letter states that the differment could lead to several unsettling possibilities. 

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ICAP Information

+Frequently Asked Questions

What is 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.

What are the benefits of an ICAP membership?
Click here for the benefits of an ICAP membership.

Who should join ICAP?
Real estate appraisers, accountants, assessors, attorneys, and anyone else who would like to stay up-to-date on regulation, legislation and everything that has to do with the latest developments in Illinois’s real estate appraisal profession.

How much are ICAP”s annual membership dues?
ICAP’s annual membership dues are $85 per year

When does my membership start and expire?
ICAP memberships start January 1st and expire on December 31st

How can I find my username or password?
Click here to request your username or password

Where can I log in?
Click here to log in

Where can I update my account?
Click here to update your account

Where can I find information about ICAP seminars?
Click here for the latest information about ICAP seminars

Where can I make a political action donation?
You can make a political action donation here

How can I get involved?
Click here for information about Joining an ICAP Committee

Who can I contact if I have other questions?
Click here to contact ICAP

+ PAC Contribution Form

+ Membership Application & Renewal

+ About/Board of Directors/Bylaws

+ ICAP Calendar

Check out ICAP’s calendar of events to see the dates of upcoming continuing education, ICAP seminars, special events, ICAP Board Meeting dates and USPAP offerings. To view ICAP’s calendar of events click here.

+ President Messages

+ My Account

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Membership Benefits

Representation

Representation in Springfield, IL

ICAP represents real estate appraisers in Illinois through continuing communication with our State Representatives. ICAP has advocated for appraisers and influenced Illinois State Legislation and Regulation to ensure that appraisers are represented.

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ICAP-PAC

ICAP's political action fund - ICAP collects contributions from members and uses those funds to help elect candidates for public office who are supportive of appraiser related issues. To contribute to ICAP's PAC visit our website at www.icapweb.org

Join

Strength in Numbers

Participating in a membership of over 1,300 members gives you real strength. ICAP serves the interests of all our members whether they specialize in residential or commercial real estate.

Members

Constant Contact

Through our regular ICAP E-mail Updates and Social Media Campaign (Facebook, LinkedIn, Blog and Twitter) ICAP members can connect with other Illinois appraisers and stay up-to-date on regulation, legislation and everything that has to do with the latest developments in the real estate appraisal profession.

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Job Search

ICAP has created a bulletin board for appraisers seeking employment and employers offering career opportunities within the appraisal community. Membership can visit our Job Search Bulletin Board at www.icapweb.org.

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Online appraiser tools

ICAP Members can access hundreds of relevant appraisal related links at our website www.icapweb.org. Including our Appraisal Laws and Rules.

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ICAP Summer Seminars - Education/Networking

In addition to the seven hours of continuing education awarded by the State of Illinois, ICAP provides a vast array of business networking opportunities during ICAP's annual summer seminars. Meet your peers and develop life-long connections.

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Discounts

ICAP members receive special member-only pricing on ICAP's annual summer seminars, special deals from OfficeMax Products & Services, and up to 40% off normal Avis Rent-A-Car Rates.

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Find an Appraiser

Companies and individuals looking for ICAP members can quickly find them by using ICAP's Find an Appraiser search function. Potential clients can search by Name, City, Postal Code, County or any combination thereof.

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Opportunities to Lead

Gain leadership skills and experience by serving on committees. Get involved with ICAP and grow your business. Meet and work with appraisal professionals. To volunteer for committee opportunities send us a message at www.icapweb.org.

Committee Positions

Would you like to contribute to ICAP by serving on a committee? ICAP is searching for qualified candidates for their 2018-2019 committees.

Each of these committees works with ICAP Board members to promote the appraisal profession and its image to the general public and to users of appraisal services.

State Board Application

Are you interested in serving your profession as an appointee to the Illinois Real Estate Appraisal Administration and Disciplinary Board?

Are you interested in ICAPs recommendation to the Governor and/or Department to appoint you to the Illinois Real Estate Appraisal Administration and Disciplinary Board?

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