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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 released an online survey to our members with the goal of having everyone better understand how the COVID-19 crisis was affecting the lives and businesses of Illinois appraisers. The survey wound up being forwarded to different parts of the country and we now have just short of 1,400 responses. Thank you for taking the time to participate. Clich here if you would like to see the details behind all of the survey questions.
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The potential risks associated with the COVID-19 provides unique challenges in the appraisal process as VA fee panel appraisers may be required to access the interior of homes. The Centers for Disease Control and Prevention (CDC) has encouraged social distancing between individuals to limit community spreading of COVID-19. VA will change the long-standing practice of requiring access to the interior of the home for certain types of loans and characteristics of those loans.
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ASA USPAP Guidance for Real Property Appraisers – Coronavirus/COVID-19 Issues. Note: All USPAP references are from 2020-21 Uniform Standards of Appraisal Practice (USPAP).
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To help prevent the further spread of COVID-19, on March 20, 2020, Governor JB Pritzker issued Executive Order 2020-10 (“Order”) requiring all Illinoisans to stay in their homes beginning on March 21, 2020 at 5:00 PM. The following FAQs are intended to address ongoing inquiries on this topic from licensees and the general public.
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The attached letter, co-signed by ASA, ASFMRA, AI, MBREA, and NAR, requesting that appraisal services be deemed to be “essential services” for the purposes of any state or local “stay-at-home” or “shelter-in-place” orders, has been sent to several organizations of state and local government officials – governors, county and local officials.
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Fannie Mae has issued temporary guidance on appraisal requirements, including allowing desktop and exterior-only appraisals on many mortgage transactions.
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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
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.
There are currently no appraisers seeking positions.
Please click here to seek a position.
Click here for the IDFPR's Homepage
Click here for the IDFPR's Appraisal Homepage
Click here to lookup your Continuing Education
Click here for the current list of AMC Registrants
Click here to contact the IDFPR
Click here for the Illinois Appraisal Newsletter
Click here for the Real Estate Board Minutes
Click here to find your lawmaker
Click here for the Appraisal Licensing Act
Click here for the Administrative rules
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.
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
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.
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.
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.
ICAP Members can access hundreds of relevant appraisal related links at our website www.icapweb.org. Including our Appraisal Laws and Rules.
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.
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.
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.
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.
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.
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?
Receive timely news and information about our organization and services, as well as upcoming special events.
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ICAP is a political action group and so lacks the credentials to dispense professional appraisal advice. Rather, these questions should be directed to the State of Illinois or our sponsoring organizations.
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