Capital Update
January 3, 2011
Upcoming Education

January 12 - Residential Appraisal Update: Staying Competent in a New Decade (P.M.) - Rockville, MD Click here for details.

January 19 - Holiday Party & New Board Installation - Washington, DC Click here for details.

February 18 - An Introduction to Valuing Commercial Green Buildings - Fairfax, VA - Click here for details

March - Residential Appraisal Policy Update - Washington, DC

March 10-11 - Litigation Appraising: Specialized Topics and Applications - Rockville, MD Click here for details.

April 14-15 - Uniform Appraisal Standards for Federal Land Acquisition - Herndon, VA Click here for details.

Welcome New Members

Alexander Dailo
Michelle Y. Vehemente

Want to Boost Your Income? Become a Designated Member!

A statistically significant higher proportion of designated members earn more than $100,000 per year compared to associate members and nonmember appraisers. Click here for a salary comparison.

Click here to see how you can move from "Associate" to "Designated."


In This Issue

Meet the 2011 AIDC Board at our New Year Party - Wednesday, January 19  
Stay Competent in a New Decade - Residential Appraisal Update on January 12

AI Membership Rated a "Keeper" for 2011
Expand Your Professional Network - Join an AI Community
Welcome New Members

Want to Boost Your Income? Become a Designated Member!

Meet the New Board January 19 at the City Tavern Club in Georgetown 

Celebrate the Season with Food, Friends and Laughter
Wednesday, January 19, 2011 * 6:00pm – 9:00 pm

City Tavern Club
3206 M St NW
Washington, DC 20007
(202) 337-8770

2011 Promises New Challenges and New Opportunities …

Focus on the opportunities … We’ll help you at the AIDC New Year’s Party Wednesday, January 19, 6-9pm.

We’re gathering at the City Tavern Club in the heart of Georgetown. The evening will include a sumptuous dinner,  open bar (for the first hour), and power networking time. During the event, we’ll also introduce your new board of directors and officially install them into their roles for the new year.

The City Tavern Club is a private social club located in the heart of Georgetown, 3206 M Street, NW, Washington, DC. The Club provides fine dining, elegantly appointed rooms for entertaining, popular member events and a diverse membership. The historic Federal-Style clubhouse, acquired by Club founders in 1959, is one of oldest buildings in the nation’s capital, and is listed on the National Register of Historic Places.

Come with your appetite for good food, interesting conversation and inquisitive ear. You are bound to pick up some good tips and few leads that will help you find the opportunities in 2011.

RSVP for the best New Year’s Party today!

5:30 pm: Registration opens
6:00 – 9:00 pm: Food, Fun and Friends

Registration Fee – includes dinner and one-hour open bar (a $100 value!)

AI Members - $35 
Guests - $50

Click here to register online (login required).

here to for a registration form you can print and mail or fax (no login required).

Here's the 2011 AIDC Board of Directors. Click here for contact details.

President  (Term Expires 12/31/2011)
Stephen M. Santora MAI
Wells Fargo Bank

Vice President (Term Expires 12/31/2011)
Donald S. Boucher SRA
Boucher & Boucher, Inc.

Treasurer (Term Expires 12/31/2011)
Jerry Harvey MAI
CB Richard Ellis, Inc.

Secretary (Term Expires 12/31/2011)
Jerry R. Adkins MAI
Wells Fargo Bank

Past President (Term Expires 12/31/2011)
John M. Lansbury MAI
Metropolitan Commercial Valuations

Director (Term Expires 12/31/2011)
James Donnelly SRA
J. Lee Donnelly & Son, Inc.

Director (Term Expires 12/31/2011)
David Fuller MAI
HVS International

Director (Term Expires 12/31/2012)
Dennis J. Duffy MAI
RCDH & Co.

Director (Term Expires 12/31/2012)
Robert G. Johnson MAI      
JMSP, Inc.

Director (Term Expires 12/31/2012)
Mark Lassere MAI
Concordis Valuation

Director (Term Expires 12/31/2012)
Mary L. Schweitzer
Bruce W. Reyle & Company, Inc.

Director (Term Expires 12/31/2012)
Thomas J. Shields MAI
Joseph J. Blake and Associates, Inc.

Director (Term Expires 12/31/2012)
Greg M. Worman MAI
CB Richard Ellis

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Stay Competent in a New Decade - Residential Appraisal Update on January 12

This half-day seminar provides updates on ethical guidelines and appraisal regulations in the changing mortgage industry and the penalties for misleading appraisals. Become familiar with changes and requirements initiated by the IRS, Fannie Mae, Freddie Mac, HUD/FHA, and the Veterans Administration. Examine FHA mortgage letters from the past year involving FHA appraisals. Discuss other secondary market issues of critical importance to appraisers, including the GSA's repurchase of loans and forensic review appraisals where fraud or ethical lapses are suspected. Most importantly, learn where to find the latest information as guidelines continue to change.

At the end of this seminar, participants will be able to

  • Identify how the IRS regulations for appraisers apply to estate and donation work
  • Describe the purpose of the new Appraisal Foundation board, Appraisal Practices Board
  • Describe Fannie Mae's new Collateral Data Delivery system and loan quality initiatives
  • Recognize Freddie Mac's underwriting standards for appraisals
  • Identify HUD/FHA regulations for appraisers
  • Discuss Veterans Administration regulations, including the Fannie Mae Market Conditions Addendum and appraiser fee agreements

Who Should Enroll

  • Residential appraisers
  • Underwriters
  • Lender quality control staff
  • Review appraisers

Note. Participants will be notified via e-mail when student materials are available for download.

Registration begins at 12:30pm.
Seminar is from 1pm-5pm

Universities at Shady Grove
Building 1 - Room 101
9630 Gudelsky Drive
Rockville, MD 20850

$95 - AI Members
$125 Non-Members

Click here to sign up today!

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AI Membership Rated a "Keeper" for 2011

Writing the Checks to Associations: I Make My Choices.

Posted by Mark Linné

I wrote about “No More Blank Checks” a few weeks ago – where I questioned the value I was receiving from the appraisal organizations that I belong to. I thought it would be a simple matter to figure out which organization was providing me with the most value. I would be able to simply and completely finish the question I asked in my blog about the value of professional associations a week later.

That was before I received dozens of posts in response to my blog.
That was before I received dozens of private emails.
That was before I received numerous calls from appraisers across the country.

Click here to read Mark's blog.

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Expand Your Professional Network - Join an AI Community

The AI Communities of Practice is a new member benefit available to all Appraisal Institute members. The AI Communities serve as a convenient, online meeting place for AI members with shared interests. As long as you have Internet access, you can login from any computer and:

  • Exchange news and share information with your colleagues.
  • Check the AI Communities' calendar to stay abreast of upcoming events.
  • Participate in online discussion boards.
  • Suggest a poll to your community facilitator.
  • Chat online – in real time – with other members of your Community.

Click here to get started.

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Associate Members: Please note that the Appraisal Institute is adhering strictly to the Regulation Nos. 1 and 2 requirement that all Associate members must complete the Appraisal Institute course Business Practices and Ethics as a part of their Standards and Ethics cycle requirements.

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