ÿþ<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML xmlns:v = "urn:schemas-microsoft-com:vml" xmlns:o = "urn:schemas-microsoft-com:office:office" xmlns:st1 = "urn:schemas-microsoft-com:office:smarttags"><HEAD> <META http-equiv=Content-Type content="text/html; charset=unicode"> <META content="MSHTML 6.00.2900.5726" name=GENERATOR></HEAD> <BODY background=""> <TABLE style="BORDER-COLLAPSE: collapse" borderColor=#cccccc cellSpacing=0 cellPadding=10 width=700 align=Default bgColor=#ffffff border=1 hspace="10"> <TBODY> <TR> <TD> <P><A name=top><IMG alt="" hspace=0 src="http://www.appraisalinstitutedc.org/images/CapitalUpdateHeader.gif" align=baseline border=0></A></P> <P class=MsoPlainText style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Verdana"><v:shapetype id=_x0000_t75 coordsize="21600,21600" o:spt="75" o:preferrelative="t" path="m@4@5l@4@11@9@11@9@5xe" filled="f" stroked="f"><v:stroke joinstyle="miter"></v:stroke><v:formulas><v:f eqn="if lineDrawn pixelLineWidth 0"></v:f><v:f eqn="sum @0 1 0"></v:f><v:f eqn="sum 0 0 @1"></v:f><v:f eqn="prod @2 1 2"></v:f><v:f eqn="prod @3 21600 pixelWidth"></v:f><v:f eqn="prod @3 21600 pixelHeight"></v:f><v:f eqn="sum @0 0 1"></v:f><v:f eqn="prod @6 1 2"></v:f><v:f eqn="prod @7 21600 pixelWidth"></v:f><v:f eqn="sum @8 21600 0"></v:f><v:f eqn="prod @7 21600 pixelHeight"></v:f><v:f eqn="sum @10 21600 0"></v:f></v:formulas><v:path o:extrusionok="f" gradientshapeok="t" o:connecttype="rect"></v:path><o:lock v:ext="edit" aspectratio="t"></o:lock></v:shapetype><o:p></o:p></SPAN></P> <P class=MsoPlainText style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Verdana"><o:p></o:p></SPAN></P> <P class=MsoPlainText style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Verdana"><o:p></o:p></SPAN></P> <P class=MsoPlainText style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><I style="mso-bidi-font-style: normal"><SPAN style="FONT-SIZE: 20pt; FONT-FAMILY: 'Book Antiqua'; mso-bidi-font-family: 'Times New Roman'">Capital Update<o:p></o:p></SPAN></I></B></P> <P class=MsoPlainText style="MARGIN: 0in 0in 0pt"><B><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial">April 9, 2009</SPAN></B></P> <P class=MsoPlainText style="MARGIN: 0in 0in 0pt"><B><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial; mso-bidi-font-family: 'Courier New'"><o:p>&nbsp;</o:p></SPAN></B></P> <P class=MsoPlainText style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-FAMILY: Arial; mso-bidi-font-family: 'Courier New'"><A href="http://www.appraisalinstitutedc.org/"><FONT size=2>http://www.appraisalinstitutedc.org</FONT></A><o:p></o:p></SPAN></P> <P class=MsoPlainText style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-FAMILY: Arial"><FONT size=2>Capital Update is a service of the DC Metro Chapter of the Appraisal Institute.<BR>If you would like to share some news, e-mail </FONT><A href="mailto:info@appraisalinstitutedc.org"><FONT size=2>info@appraisalinstitutedc.org</FONT></A><BR><FONT size=2>New job? Address change? Click </FONT><A href="https://wwww.appraisalinstitute.org/"><FONT size=2>here</FONT></A><FONT size=2> and log in to update your membership record.</FONT></SPAN><SPAN style="FONT-FAMILY: Arial; mso-bidi-font-family: 'Courier New'"><o:p></o:p></SPAN></P> <P class=MsoPlainText style="MARGIN: 0in 0in 0pt"><B><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial">&nbsp;</SPAN></B><SPAN style="FONT-FAMILY: Arial; mso-bidi-font-family: 'Courier New'"><o:p></o:p></SPAN></P> <P class=MsoPlainText style="MARGIN: 0in 0in 0pt"><STRONG><SPAN style="FONT-SIZE: 13.5pt; FONT-FAMILY: Arial">Spotlight </SPAN></STRONG><B><SPAN style="FONT-SIZE: 13.5pt; FONT-FAMILY: Arial"><BR></SPAN></B><FONT size=2><A href="#spotlight"><st1:date Year="2009" Day="16" Month="4"><SPAN style="FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic">April 16, 2009</SPAN></st1:date><SPAN style="FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic"> - Spotlight on USPAP: Common Errors and Issues PLUS Networking Reception</SPAN><SPAN style="FONT-FAMILY: Arial">&nbsp;<o:p></o:p></SPAN></A></FONT></P> <P class=MsoPlainText style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial"><o:p>&nbsp;</o:p></SPAN></P> <P class=MsoPlainText style="MARGIN: 0in 0in 0pt"><STRONG><SPAN style="FONT-SIZE: 13.5pt; FONT-FAMILY: Arial">AIDC News</SPAN></STRONG><SPAN style="FONT-FAMILY: Arial"><FONT size=2> <o:p></o:p></FONT></SPAN></P> <P class=MsoPlainText style="MARGIN: 0in 0in 0pt"><FONT size=2><SPAN style="FONT-FAMILY: Arial; mso-bidi-font-weight: bold"><A href="#economic">Economic Stimulus Package for AIDC Members</A></SPAN><SPAN style="FONT-FAMILY: Arial"><o:p></o:p></SPAN></FONT></P> <P class=MsoPlainText style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-FAMILY: Arial"><A href="#welcome"><FONT size=2>Welcome New Members</FONT></A></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'">&nbsp;</SPAN><SPAN style="FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><o:p></o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><STRONG><SPAN style="FONT-SIZE: 13.5pt; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'">AI News</SPAN></STRONG><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"> <o:p></o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><A href="#check">Check out these valuable membership benefits</A><BR></SPAN><SPAN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"><A href="#market">Market Conditions Addendum Report (Form 1004MC)</A></SPAN><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><o:p></o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><o:p>&nbsp;</o:p></SPAN></P> <P class=MsoPlainText style="MARGIN: 0in 0in 0pt"><STRONG><SPAN style="FONT-SIZE: 13.5pt; FONT-FAMILY: Arial">Continuing Education<o:p></o:p></SPAN></STRONG></P> <P class=MsoPlainText style="MARGIN: 0in 0in 0pt"><FONT size=2><A href="#april"><st1:date Year="2009" Day="29" Month="4"><SPAN style="FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Courier New'">April 29-30, 2009</SPAN></st1:date><SPAN style="FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Courier New'"> - Evaluating Commercial Construction<o:p></o:p></SPAN></A></FONT></P> <P class=MsoPlainText style="MARGIN: 0in 0in 0pt"><FONT size=2><A href="#may"><st1:date Year="2009" Day="1" Month="5"><SPAN style="FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Courier New'">May 1, 2009</SPAN></st1:date><SPAN style="FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Courier New'"> - Evaluating Residential Construction<o:p></o:p></SPAN></A></FONT></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'"><A href="#mark">Mark Your 2009 Fall Calendar</A></SPAN><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'"><o:p></o:p></SPAN></P> <P class=MsoPlainText style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial"><o:p>&nbsp;</o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><o:p>&nbsp;</o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><STRONG><SPAN style="FONT-SIZE: 13.5pt; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><A name=spotlight>Spotlight<o:p></o:p></A></SPAN></STRONG></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><STRONG><SPAN style="FONT-SIZE: 13.5pt; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><o:p>&nbsp;</o:p></SPAN></STRONG></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><A name=uspap><B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">April 16, 2009 - Spotlight on USPAP: Common Errors and Issues PLUS Networking Reception </SPAN></B></A><B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">- </SPAN></B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">Join the DC Metro Area Chapter of the Appraisal Institute for a 2 hour Spotlight on USPAP seminar (FREE to AIDC members!) followed by a sumptuous reception in the Galaxy Ballroom on the 16<SUP>th</SUP> floor of the Sheraton National Hotel overlooking Washington, DC.&nbsp;<o:p></o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">&nbsp;<o:p></o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">We ll start with the education & This seminar is one in the series titled "Spotlight on USPAP," developed by Stephanie Coleman, MAI, SRA, and Jan Young, MAI, of the Appraisal Institute's Professional Practice Department. "Common Errors and Issues" addresses problem areas that often are observed in appraisal reports submitted to the Appraisal Institute for admission and ethics screening. <o:p></o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">&nbsp;<o:p></o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">Then comes time to relax, eat and catch up with appraisal colleagues around town & <o:p></o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">Dine on hors d oeuvres, hear the latest chapter and appraisal news, and meet colleagues. In a brief membership meeting, we ll bring you up-to-date of what AI is doing for you. Cash bar available.<o:p></o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">&nbsp;<o:p></o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><I><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-family: 'Times New Roman'">Schedule:</SPAN></I><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'"><BR></SPAN><st1:time Minute="0" Hour="15"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">3:00 pm</SPAN></st1:time><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">: Registration opens<BR></SPAN><st1:time Minute="30" Hour="15"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">3:30  5:30pm</SPAN></st1:time><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">: Spotlight on USPAP<BR></SPAN><st1:time Minute="30" Hour="17"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">5:30  7:30pm</SPAN></st1:time><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">: Networking Reception (a dinner s worth of hot hors d oeuvres) &amp; Membership Meeting<BR><BR><I>Event Details: </I><o:p></o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><I><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-family: 'Times New Roman'">Instructor:</SPAN></I><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'"> Mark Smeltzer, MAI, SRA<o:p></o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><I><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-family: 'Times New Roman'">Attendance Hours</SPAN></I><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">:&nbsp;N.B. Attendees are eligible to receive 2.0 hours of Appraisal Institute continuing education credit<o:p></o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><I><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-family: 'Times New Roman'">Location:</SPAN></I><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'"> Sheraton National Hotel, </SPAN><st1:Street><st1:address><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">900 South Orme Street</SPAN></st1:address></st1:Street><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'"> " </SPAN><st1:place><st1:City><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">Arlington</SPAN></st1:City><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">, </SPAN><st1:State><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">Virginia</SPAN></st1:State><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'"> </SPAN><st1:PostalCode><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">22204</SPAN></st1:PostalCode></st1:place><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'"> " (703) 521-1900<o:p></o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><I><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-family: 'Times New Roman'">Registration Fee: </SPAN></I><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">AI Members - Spotlight on USPAP (AIDC Members ONLY - Enter the promo code "comp" (all lower case) to attend just the USPAP Spotlight program for FREE!)<o:p></o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">&nbsp;<o:p></o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">- Networking Reception &amp; Membership Meeting - $25<BR>- Non-Members - $35 (includes both USPAP and Reception)<o:p></o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">&nbsp;<o:p></o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">Click<I> <A href="http://www.appraisalinstitute.org/education/einfo.aspx?id=13238">here</A></I> for details and registration.&nbsp; <o:p></o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><I style="mso-bidi-font-style: normal"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><o:p>&nbsp;</o:p></SPAN></I></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><EM><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><A href="#top">Back to Top</A></SPAN></EM><SPAN style="FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><o:p></o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'">&nbsp;</SPAN><SPAN style="FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><o:p></o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><STRONG><SPAN style="FONT-SIZE: 13.5pt; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'">AIDC News<BR><BR></SPAN></STRONG><A name=economic><B><SPAN style="FONT-FAMILY: Arial"><FONT size=2>Economic Stimulus Package for AIDC Members</FONT></SPAN></B></A><FONT size=2><B><SPAN style="FONT-FAMILY: Arial"> </SPAN></B><SPAN style="FONT-FAMILY: Arial">- The AIDC board has approved a $40 per member registration credit for all programs in the remaining 2009 calendar year (see highlighted events and calendar below). This credit may be used in two $20 increments (one per program) by applying one of two promotion codes at checkout when registering for an event. The codes are VDCECON and VDCSTIM (all upper case). Maximum use is one each per AIDC chapter member. Please contact us by phone (301-924-1020) or email (<A href="mailto:info@appraisalinstitutedc.org">info@appraisalinstitutedc.org</A>) if you have any questions.</SPAN></FONT></P> <P class=MsoPlainText style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-FAMILY: Arial"><FONT size=2></FONT></SPAN>&nbsp;</P> <P class=MsoPlainText style="MARGIN: 0in 0in 0pt"><FONT size=2><I><SPAN style="FONT-FAMILY: Arial">Please note: These funds may not be used for performance bonuses or mergers and acquisitions. Misuse will be prosecuted and taxed to the full extent permitted by law</SPAN></I><SPAN style="FONT-FAMILY: Arial">.</SPAN></FONT></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><FONT size=2></FONT></SPAN></B>&nbsp;</P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><o:p>&nbsp;</o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'">*****Have a story to share & send it to <A href="mailto:capitalupdate@appraisalinstitutedc.org">capitalupdate@appraisalinstitutedc.org</A>! </SPAN><SPAN style="FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><o:p></o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'">&nbsp;</SPAN><SPAN style="FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><o:p></o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><EM><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><A href="#top">Back to Top</A></SPAN></EM><SPAN style="FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><o:p></o:p></SPAN></P> <P class=MsoPlainText style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-FAMILY: Arial"><FONT size=2>&nbsp;<o:p></o:p></FONT></SPAN></P> <P class=MsoPlainText style="MARGIN: 0in 0in 0pt"><STRONG><SPAN style="FONT-FAMILY: Arial"><FONT size=2><A name=welcome>Welcome New Member</A></FONT></SPAN></STRONG></P> <P class=MsoPlainText style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-FAMILY: Arial"><o:p><FONT size=2>&nbsp;</FONT></o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Ryan M. Davis<o:p></o:p></SPAN></P> <P class=MsoPlainText style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-FAMILY: Arial"><FONT size=2>&nbsp;<o:p></o:p></FONT></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><EM><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><A href="#top">Back to Top</A></SPAN></EM><SPAN style="FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><o:p></o:p></SPAN></P> <P class=MsoPlainText style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-FAMILY: Arial"><FONT size=2>&nbsp;<o:p></o:p></FONT></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">&nbsp;</SPAN><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial"><o:p></o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><STRONG><SPAN style="FONT-SIZE: 13.5pt; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'">AI News <SPAN style="mso-spacerun: yes">&nbsp;</SPAN><o:p></o:p></SPAN></STRONG></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><STRONG><SPAN style="FONT-SIZE: 13.5pt; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><o:p>&nbsp;</o:p></SPAN></STRONG></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><A name=check>Check out these valuable membership benefits<o:p></o:p></A></SPAN></B></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'">Do you have questions about ethics, standards or other areas of your profession? Need a hand in creating services contracts or certification statements? Want to showcase your commitment to the Appraisal industry? Here are just a few of the great benefits you receive as an AI member that can help you in all these areas: <o:p></o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><o:p>&nbsp;</o:p></SPAN></P> <UL style="MARGIN-TOP: 0in" type=disc> <LI class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-list: l3 level1 lfo2; tab-stops: list .5in"><STRONG><SPAN style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold">FREE Ethics &amp; Counseling Hotline: free service that answers to </SPAN></STRONG><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">questions about USPAP, your practice and much more. Call the Hotline toll free&nbsp;at <B>877-777-6939</B> or e-mail&nbsp;your questions to <A href="mailto:professionalpractice@appraisalinstitute.org">professionalpractice@appraisalinstitute.org</A>.<SPAN style="mso-bidi-font-weight: bold"><o:p></o:p></SPAN></SPAN></LI></UL> <P class=MsoNormal style="MARGIN: 0in 0in 0pt 0.25in"><STRONG><SPAN style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold"><o:p></o:p></SPAN></STRONG></P> <UL style="MARGIN-TOP: 0in" type=disc> <LI class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-list: l3 level1 lfo2; tab-stops: list .5in"><A href="http://www.mmsend2.com/ls.cfm?r=144849538&amp;sid=6217013&amp;m=695479&amp;u=Appraise&amp;s=http://www.appraisalinstitute.org/myappraisalinstitute/contract/Default.aspx"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Agreement for Services Templates</SPAN></A>: <STRONG><SPAN style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold">includes templates for </SPAN></STRONG><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Model Engagement Contract - Short Form, Model Engagement Contract -&nbsp;Long Form, Optional Clauses, Payment Options, Cover Letter and Explanatory Materials and Instructions.<SPAN style="mso-bidi-font-weight: bold"><o:p></o:p></SPAN></SPAN></LI></UL> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><STRONG><SPAN style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold"><o:p></o:p></SPAN></STRONG></P> <UL style="MARGIN-TOP: 0in" type=disc> <LI class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-list: l3 level1 lfo2; tab-stops: list .5in"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><A href="http://www.mmsend2.com/ls.cfm?r=144849538&amp;sid=6217014&amp;m=695479&amp;u=Appraise&amp;s=http://www.appraisalinstitute.org/myappraisalinstitute/restrict/smpl_crtn_stmnts.aspx">Certification Statement Templates</A>: <STRONG><SPAN style="FONT-WEIGHT: normal; FONT-FAMILY: Arial; mso-bidi-font-weight: bold">provides </SPAN></STRONG>written appraisal, appraisal review, and appraisal consulting service reports that you may use in drafting your own Certification Statements.<SPAN style="mso-bidi-font-weight: bold"><o:p></o:p></SPAN></SPAN></LI></UL> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><STRONG><SPAN style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold"><o:p></o:p></SPAN></STRONG></P> <UL style="MARGIN-TOP: 0in" type=disc> <LI class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-list: l3 level1 lfo2; tab-stops: list .5in"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><A href="http://www.mmsend2.com/ls.cfm?r=144849538&amp;sid=6217015&amp;m=695479&amp;u=Appraise&amp;s=http://www.appraisalinstitute.org/myappraisalinstitute/ethics/ethics_useofdsgn.aspx">Trademarked logos, designations and designation emblems</A>: specifically <STRONG><SPAN style="FONT-WEIGHT: normal; FONT-FAMILY: Arial; mso-bidi-font-weight: bold">designed for you to showcase your designation achievements and commitment for the industry to your clients, peers, and the public. <o:p></o:p></SPAN></STRONG></SPAN></LI></UL> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><STRONG><SPAN style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold"><o:p></o:p></SPAN></STRONG></P> <UL style="MARGIN-TOP: 0in" type=disc> <LI class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-list: l3 level1 lfo2; tab-stops: list .5in"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><A href="http://www.mmsend2.com/ls.cfm?r=144849538&amp;sid=6217016&amp;m=695479&amp;u=Appraise&amp;s=http://www.appraisalinstitute.org/myappraisalinstitute/ethics/ethics_peerreview.aspx">Peer review system</A>: get involved by participating in the many v<STRONG><SPAN style="FONT-WEIGHT: normal; FONT-FAMILY: Arial; mso-bidi-font-weight: bold">olunteer opportunities </SPAN></STRONG><SPAN style="mso-bidi-font-weight: bold">including: Regional Member of the&nbsp;Ethics Administration, Grievance Committees and Hearing Committees.<o:p></o:p></SPAN></SPAN></LI></UL> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><STRONG><SPAN style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold"><o:p></o:p></SPAN></STRONG></P> <UL style="MARGIN-TOP: 0in" type=disc> <LI class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-list: l3 level1 lfo2; tab-stops: list .5in"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><A href="http://www.mmsend2.com/ls.cfm?r=144849538&amp;sid=6217017&amp;m=695479&amp;u=Appraise&amp;s=http://www.jurispro.com">JurisPro</A>: advertise your valuation expertise to attorneys. <SPAN style="mso-bidi-font-weight: bold">Members receive a 10% discount on&nbsp;listings in the&nbsp;JurisPro Online Expert Witness Directory.<I><o:p></o:p></I></SPAN></SPAN></LI></UL> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">To review all the member benefits available to you, <A href="http://www.mmsend2.com/ls.cfm?r=144849538&amp;sid=6217018&amp;m=695479&amp;u=Appraise&amp;s=http://www.appraisalinstitute.org/membership/benefits.aspx">click here</A>. Should you have any questions regarding your benefits, please contact Hope Atuel at 312-335-4476 or </SPAN><A href="mailto:hatuel@appraisalinstitute.org"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">hatuel@appraisalinstitute.org</SPAN></A><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">.&nbsp;</SPAN><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><o:p>&nbsp;</o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><o:p></o:p></SPAN>&nbsp;</P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><o:p><EM><A href="#top">Back to Top</A></EM></o:p></SPAN></P> <P><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"><A name=market>Market Conditions Addendum Report (Form 1004MC)</A></SPAN></B><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"> </SPAN></B><I style="mso-bidi-font-style: normal"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">From the AI Education Department<o:p></o:p></SPAN></I></P> <P><SPAN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">On March 25<SUP>th</SUP>, HUD adopted the Market Conditions Addendum Report (Form 1004MC) for all FHA Roster Appraisals. Added to the Supplement is <B>HUD Mortgagee Letter 2009-09 (</B></SPAN><st1:country-region><st1:place><B><SPAN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">U.S.</SPAN></B></st1:place></st1:country-region><B><SPAN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"> Department of Housing and Urban Development) </SPAN></B><SPAN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">which addresses the adoption of the Market Conditions Addendum and appraisal reporting requirements for properties located in declining markets. Click <A href="http://www.appraisalinstitutedc.org/pdf/PMKTCOND-C.PDF">here</A> for a copy of the report.<o:p></o:p></SPAN></P> <P><SPAN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"><o:p></o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">The following seminars and courses will include the above component:<o:p></o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><o:p>&nbsp;</o:p></SPAN></P> <P> <TABLE class=MsoNormalTable style="MARGIN: auto auto auto 35.6pt; BORDER-COLLAPSE: collapse; mso-padding-alt: 0in 0in 0in 0in" cellSpacing=0 cellPadding=0 border=0> <TBODY> <TR style="HEIGHT: 130pt; mso-yfti-irow: 0; mso-yfti-lastrow: yes"> <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; WIDTH: 256.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 130pt; BACKGROUND-COLOR: transparent" vAlign=top width=342> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><U><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana">Seminars<o:p></o:p></SPAN></U></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><U><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana"><o:p><SPAN style="TEXT-DECORATION: none">&nbsp;</SPAN></o:p></SPAN></U></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in; mso-list: l0 level1 lfo3"><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Symbol; mso-bidi-font-style: italic; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><I><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana">Appraisal Challenges: Declining Markets and Sales Concessions<o:p></o:p></SPAN></I></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in; mso-list: l0 level1 lfo3"><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Symbol; mso-bidi-font-style: italic; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><I><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana">Appraising Environmentally Contaminate Properties<o:p></o:p></SPAN></I></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in; mso-list: l0 level1 lfo3"><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Symbol; mso-bidi-font-style: italic; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><I><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana">Appraising Manufactured Housing<o:p></o:p></SPAN></I></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in; mso-list: l0 level1 lfo3"><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Symbol; mso-bidi-font-style: italic; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><I><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana">Condominiums, Co-ops, and PUDs<o:p></o:p></SPAN></I></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in; mso-list: l0 level1 lfo3"><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Symbol; mso-bidi-font-style: italic; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><I><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana">FHA and the New Residential Appraisal Forms<o:p></o:p></SPAN></I></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in; mso-list: l0 level1 lfo3"><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Symbol; mso-bidi-font-style: italic; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><I><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana">Introduction to FHA Appraising<o:p></o:p></SPAN></I></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in; mso-list: l0 level1 lfo3"><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Symbol; mso-bidi-font-style: italic; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><I><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana">Quality Assurance in Residential Appraisals<o:p></o:p></SPAN></I></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in; mso-list: l0 level1 lfo3"><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Symbol; mso-bidi-font-style: italic; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><I><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana">REO Appraisal<o:p></o:p></SPAN></I></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in; mso-list: l0 level1 lfo3"><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Symbol; mso-bidi-font-style: italic; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><I><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana">Reviewing and Underwriting Residential Appraisal Reports<o:p></o:p></SPAN></I></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in; mso-list: l0 level1 lfo3"><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Symbol; mso-bidi-font-style: italic; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><I><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana">Reviewing Residential Appraisal Reports<o:p></o:p></SPAN></I></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in; mso-list: l0 level1 lfo3"><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Symbol; mso-bidi-font-style: italic; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><I><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana">Supporting Sales Comparison Grid Adjustments for Residential Properties<o:p></o:p></SPAN></I></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in; mso-list: l0 level1 lfo3"><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Symbol; mso-bidi-font-style: italic; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><I><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana">The New Residential Market Conditions Form Seminar<o:p></o:p></SPAN></I></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in; mso-list: l0 level1 lfo3"><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Symbol; mso-bidi-font-style: italic; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><I><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana">Valuation of Green Residential Properties<o:p></o:p></SPAN></I></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 14pt; mso-line-height-rule: exactly"><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana"><o:p>&nbsp;</o:p></SPAN></P></TD> <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 274.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 130pt; BACKGROUND-COLOR: transparent" vAlign=top width=366> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><U><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana">Courses<o:p></o:p></SPAN></U></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><U><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana"><o:p><SPAN style="TEXT-DECORATION: none">&nbsp;</SPAN></o:p></SPAN></U></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in; mso-list: l2 level1 lfo4"><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Symbol; mso-bidi-font-style: italic; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><I><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana">Apartment Appraisal: Concepts and Applications<o:p></o:p></SPAN></I></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in; mso-list: l2 level1 lfo4"><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Symbol; mso-bidi-font-style: italic; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><I><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana">Appraisal Curriculum Overview<o:p></o:p></SPAN></I></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in; mso-list: l2 level1 lfo4"><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Symbol; mso-bidi-font-style: italic; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><I><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana">Basic Appraisal Principles<o:p></o:p></SPAN></I></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in; mso-list: l2 level1 lfo4"><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Symbol; mso-bidi-font-style: italic; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><I><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana">Basic Appraisal Procedures<o:p></o:p></SPAN></I></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in; mso-list: l2 level1 lfo4"><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Symbol; mso-bidi-font-style: italic; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><I><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana">Residential Market Analysis &amp; Highest and Best Use<o:p></o:p></SPAN></I></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in; mso-list: l2 level1 lfo4"><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Symbol; mso-bidi-font-style: italic; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><I><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana">Residential Report Writing and Case Studies<o:p></o:p></SPAN></I></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in; mso-list: l2 level1 lfo4"><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Symbol; mso-bidi-font-style: italic; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><I><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana">Residential Sales and Income Approaches<o:p></o:p></SPAN></I></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in; mso-list: l2 level1 lfo4"><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Symbol; mso-bidi-font-style: italic; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><I><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana">Residential Site Valuation and Cost Approach<o:p></o:p></SPAN></I></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in; LINE-HEIGHT: 14pt; mso-list: l2 level1 lfo4; mso-line-height-rule: exactly"><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><I><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana">Sales Comparison Valuation of Small Mixed</SPAN></I><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Verdana"><o:p></o:p></SPAN></P></TD></TR></TBODY></TABLE></P> <P><SPAN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"><o:p></o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><EM><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><A href="#top">Back to Top</A></SPAN></EM><SPAN style="FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><o:p></o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'">&nbsp;</SPAN><SPAN style="FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><o:p></o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 13.5pt; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'">Continuing Education<o:p></o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'"><o:p>&nbsp;</o:p></SPAN></B></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><A name=april><st1:date Year="2009" Day="29" Month="4"><B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">April 29-30, 2009</SPAN></B></st1:date><B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'"> - Evaluating Commercial Construction, </SPAN></B><st1:place><st1:City><B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">Rockville</SPAN></B></st1:City><B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">, </SPAN></B><st1:State><B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">MD</SPAN></B></st1:State></st1:place></A><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'"> - Evaluating Commercial Construction presents how light industrial, office and retail buildings are assembled and then deteriorate over time. More than 1,250 construction slides and a 150-page Reference Manual illustrate site improvements, structure, envelope, interior, and environmental system components of a commercial building and how these elements can affect value.<BR><BR>This 16 hour seminar offers you critical skills necessary to better inspect, describe, and analyze commercial property. Once you have taken this program, you will better identify building characteristics, conditions, and deficiencies; succinctly describe what you see in an appraisal report; and then factor your insights into the replacement cost, income capitalization, and market comparable calculations. Participants have highly praised the seminar for its useful content and relevance to commercial real estate appraisal, brokerage, and lending.<BR style="mso-special-character: line-break"><BR style="mso-special-character: line-break"><o:p></o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">Click <A href="http://www.appraisalinstitute.org/education/add2cart.aspx?id=12532" target=_blank>here</A> for details and registration.</SPAN></P> <P><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'"><EM><A href="#top">Back to Top</A></EM></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"></SPAN><A name=may><st1:date Year="2009" Day="1" Month="5"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">May 1, 2009</SPAN></B></st1:date><B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'"> - Evaluating Residential Construction, </SPAN></B><st1:place><st1:City><B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">Rockville</SPAN></B></st1:City><B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">, </SPAN></B><st1:State><B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">MD</SPAN></B></st1:State></st1:place></A><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'"> - Evaluating Residential Construction shows how single-family houses are constructed from the ground up. More than 950 construction slides and a 120-page Reference Manual illustrate site conditions, structure, envelope, interior, and environmental system components for houses ranging from custom to affordable and even double-wides. <BR><BR>This 8 hour seminar will improve your confidence to inspect, characterize, and critique a new or existing residential property. You will better identify and describe the quality and condition of a house that affect its market appeal and probable value. Participants have given this seminar high marks for its practicality and benefit to real estate appraisers, brokers, and mortgage lenders.<BR style="mso-special-character: line-break"></P><o:p></o:p></SPAN> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">Click <A href="http://www.appraisalinstitute.org/education/add2cart.aspx?id=12533" target=_blank>here</A> for details and registration.</SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'"></SPAN>&nbsp;</P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-weight: bold; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'"><EM><A href="#top">Back to Top</A></EM></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><I><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><o:p></o:p></SPAN></I></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt">&nbsp;</P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><A name=mark><B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">Mark Your 2009 Fall Calendar</SPAN></B></A><SPAN style="mso-bookmark: calendar"></SPAN><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'"><o:p></o:p></SPAN></B></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">It s never too early to start filling in your fall calendar, so be sure to mark these dates & <o:p></o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'"><o:p>&nbsp;</o:p></SPAN></P> <UL style="MARGIN-TOP: 0in" type=disc> <LI class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-list: l1 level1 lfo1; tab-stops: list .5in"><st1:date Year="2009" Day="18" Month="9"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">September 18, 2009</SPAN></st1:date><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'"> - Appraisal Challenges: Declining Markets and Sales Concessions<o:p></o:p></SPAN> <LI class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-list: l1 level1 lfo1; tab-stops: list .5in"><st1:date Year="2009" Day="16" Month="10"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">October 16, 2009</SPAN></st1:date><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'"> - Introduction To Appraising Green Buildings<o:p></o:p></SPAN> <LI class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-list: l1 level1 lfo1; tab-stops: list .5in"><st1:date Year="2009" Day="13" Month="11"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">November 13, 2009</SPAN></st1:date><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'"> - Real Estate, Value and Investment Performance<o:p></o:p></SPAN> <LI class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-list: l1 level1 lfo1; tab-stops: list .5in"><st1:date Year="2009" Day="19" Month="11"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">November 19-20, 2009</SPAN></st1:date><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'"> - Residential Site Valuation and Cost Approach<o:p></o:p></SPAN> <LI class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-list: l1 level1 lfo1; tab-stops: list .5in"><st1:date Year="2009" Day="3" Month="12"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">December 3, 2009</SPAN></st1:date><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'"> - 7-Hour USPAP<o:p></o:p></SPAN> <LI class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-list: l1 level1 lfo1; tab-stops: list .5in"><st1:date Year="2009" Day="4" Month="12"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">December 4, 2009</SPAN></st1:date><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'"> - Business Practices and Ethics<o:p></o:p></SPAN> <LI class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-list: l1 level1 lfo1; tab-stops: list .5in"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">TBD  Regional Market Update (Early Fall)<o:p></o:p></SPAN> <LI class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-list: l1 level1 lfo1; tab-stops: list .5in"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">TBD  </SPAN><st1:place><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'">Holiday</SPAN></st1:place><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'"> Networking Party (December)<o:p></o:p></SPAN></LI></UL> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'"><o:p><EM><A href="#top">Back to&nbsp;Top</A></EM></o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'"><o:p>&nbsp;</o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><I><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'">Feel free to click the links below to view offerings from our regional Appraisal Institute neighbors to the North and South.<o:p></o:p></SPAN></I></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'"><A href="http://www.ai-md.org/education.php" target=_blank>Maryland Chapter</A><BR><A href="http://www.hrai.org/education.htm" target=_blank>Hampton Roads Chapter</A><BR><A href="http://stonewalljacksonchapter.webexone.com/default.asp?link=" target=_blank>Stonewall Jackson Chapter</A><BR><A href="http://www.vccai.org/index.asp?content_id=798" target=_blank>Virginia Commonwealth Chapter</A><o:p></o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'"><o:p>&nbsp;</o:p></SPAN></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-style: italic; mso-bidi-font-family: 'Times New Roman'"><o:p>&nbsp;</o:p></SPAN></B></P> <P class=MsoPlainText style="MARGIN: 0in 0in 0pt"><EM><SPAN style="FONT-FAMILY: 'Courier New'"><FONT size=2>**Keep up to date on upcoming training classes and seminars by visiting the <SPAN style="COLOR: #3366ff"><A href="http://www.appraisalinstitutedc.org/index.html" target=_blank><SPAN style="COLOR: #3366ff">DC Metro Area Chapter Website</SPAN></A>.<o:p></o:p></SPAN></FONT></SPAN></EM></P> <P class=MsoPlainText style="MARGIN: 0in 0in 0pt"><EM><SPAN style="COLOR: #3366ff; FONT-FAMILY: 'Courier New'"><o:p><FONT size=2>&nbsp;</FONT></o:p></SPAN></EM></P> <P class=MsoPlainText style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><st1:PersonName><STRONG><SPAN style="FONT-SIZE: 7.5pt; FONT-FAMILY: Arial">AIDC</SPAN></STRONG></st1:PersonName><STRONG><SPAN style="FONT-SIZE: 7.5pt; FONT-FAMILY: Arial"> c/o Mariner Management</SPAN></STRONG><B><SPAN style="FONT-SIZE: 7.5pt; FONT-FAMILY: Arial"><BR></SPAN></B><st1:address><st1:Street><STRONG><SPAN style="FONT-SIZE: 7.5pt; FONT-FAMILY: Arial">PO Box</SPAN></STRONG></st1:Street><STRONG><SPAN style="FONT-SIZE: 7.5pt; FONT-FAMILY: Arial"> 1046</SPAN></STRONG></st1:address><STRONG><SPAN style="FONT-SIZE: 7.5pt; FONT-FAMILY: Arial"> * </SPAN></STRONG><st1:PersonName><STRONG><SPAN style="FONT-SIZE: 7.5pt; FONT-FAMILY: Arial">Laurel</SPAN></STRONG></st1:PersonName><STRONG><SPAN style="FONT-SIZE: 7.5pt; FONT-FAMILY: Arial">, MD 20725-1046 * 301-924-1020</SPAN></STRONG><EM><SPAN style="COLOR: #3366ff; FONT-FAMILY: 'Courier New'"><o:p></o:p></SPAN></EM></P> <P>&nbsp;</P></TD></TR></TBODY></TABLE></BODY></HTML>