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Who is ICAP

In 1993, the Chicago Chapter of the Appraisal Institute invited several professional appraisal organizations that were members of the Appraisal Foundation to join in forming a political action group for the appraisal industry in Illinois.

ICAP was established in 1994 to be a unified voice for Real Estate Appraisers in our State. The Illinois Coalition of Appraisal Professionals is supported by the following sponsoring organizations:

  • American Society of Appraisers
  • American Society of Farm Managers and Rural Appraisers
  • Appraisal Institute
  • National Association of Independent Fee Appraisers

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. 

ICAP's Objectives

  • Be a collective voice for the Illinois appraisal professionals in legislation and regulatory debates.
  • Represent the appraisal profession before the Illinois legislature and the Illinois Department of Financial and Professional Regulation.
  • Provide a legislative regulatory liaison to associated professions and industries.
  • Provide ongoing real time information to appraisal professionals concerning legislative and regulatory events.
  • Create and maintain a forum for professional information and education sharing amongst our members and sponsoring organizations.
  • Create and maintain a method of funding through membership and information events to make the coalition self-sufficient.

ICAP will not:

  • be another appraisal organization offering appraisal courses
  • be inventing another appraisal designation
  • be selling software
  • be selling data
  • be selling magazines or publications