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Illinois Coalition of Appraisal Professionals

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Legislative Updates

+ 11-03-2020 - The Appraisal Foundation makes USPAP available in a free/searchable PDF

The Appraisal Foundation makes USPAP introduction, and standards 1-4 available in a free/searchable PDF

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+ 10-05-2020 - Real Estate Appraisal Webinar Featuring Mario Treto, Jr. & Brian Weaver

The webinar included a Q&A with Mario Treto, Jr. the Director of the DRE for the Illinois IDFPR and Brian Weaver the Real Estate Appraisal Coordinator of the Illinois IDFPR.

The Director discuss broad topics related to the Division of Real Estate including the impact of the Covid-19 pandemic, how new processes have improved the Department in terms of case load backlogs and processing times. The Director also discussed some of his priorities with regard to the upcoming changes to the Appraisal Act and AMC Rules.  Brian Weaver (Real Estate Appraisal Coordinator) covered more detailed topics and what ICAP members should expect to see going forward from the Department.

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+ 09-01-2020 - The Appraisal Institute Writes a Letter to the Appraisal Foundation

The letter states that our nation is reflecting on important matters of racial justice and discrimination, and this dialogue includes matters involving real estate financing and economic development and that real estate appraisers play an undisputedly important role in real estate development and financing central to taxpayer protection, safety and soundness of financial institutions and the protection of consumers

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+ 09-01-2020 - Fannie Mae updated Lender Letter LL-2020-04

Fannie Mae updated Lender Letter LL-2020-04

Fannie Mae updated Lender Letter LL-2020-04 extending temporary flexibilities through September 30th.  The letter states that during this COVID-19 national emergency, in many cases lenders are unable to obtain an appraisal based on a full interior and exterior inspection of the subject property. In response they are allowing temporary flexibilities to their appraisal requirements. They are working closely with Freddie Mac under the guidance of FHFA to offer these temporary measures.

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+ 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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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

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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 2021 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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