Capital Update
January 3, 2012
Upcoming Education

Details & Registration to Come Soon!

February 28 - Scope of Work: Expanding Your Range of Services - Fairfax, VA

March 21
- Litigation Skills for the Appraiser - Rockville, MD

March 22-23
- The Appraiser as an Expert Witness: Preparation & Testimony - Rockville, MD

April 17-18
- Advanced Spreadsheet Modeling (Co-Sponsored w/MD Chapter) - Linthicum, MD

April 19
- Residential Applications: Using Technology to Measure and Support Assignment Results (Co-Sponsored w/MD Chapter) - Linthicum, MD

April 27
- Thinking Outside the Form: Tools, Techniques, and Opportunities for Residential Appraising - Fairfax, VA

May 18
- Appraising the Appraisal: Appraisal Review-General - Rockville, MD

June 11-14
- Advanced Market Analysis and Highest & Best Use (Co-Sponsored w/MD Chapter) - Linthicum, MD

June 18-19
- Real Estate Finance, Statistics and Valuation Modeling (Co-Sponsored w/MD Chapter) - Linthicum, MD

August 15
- Evaluating Residential Construction - Rockville, MD

August 16-17
- Evaluating Commercial Construction - Rockville, MD

September 14
- Effective Appraisal Writing (Co-Sponsored w/N-VA Chapter) -
Dulles, VA

September 19-20
- Advanced Residential Applications & Case Studies, Pt. I - Dulles, VA

September 21-22, 24-25
- Advanced Residential Report Writing, Pt. II - Dulles, VA

December 13
- 7-Hour National USPAP Update Course - Rockville, MD

December 14
- Business Practices and Ethics - Rockville, MD

Kudos to a New SRA!
Please welcome Sarah L. Watkins, SRA to the ranks of elite appraisers who have gone above and beyond the education and experience needed for state certification. As a newly Designated member of the Appraisal Institute, she has made a commitment to advanced education, higher ethical requirements and elevated expectations for the appraisal profession as a whole.
Welcome to New Members!
Jeffrey Mayer Doyon
Becky Sue Sisson
Molly E. Skipper
Eric Scott Stauffer
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

2012 New Year Party & Board Installation - January 18
Education for a New Year - Mark Your Calendar Today
Real Estate Update - Re-Cap
Kudos to a New SRA!
Welcome New Members

Want to Boost Your Income? Become a Designated Member!

2012 New Year Party & Board Installation - Register Now and SAVE!

Celebrate the Season with Food, Friends and Laughter
Wednesday, January 18, 2012 * 6:00pm – 9:00 pm

Sheraton National Hotel
900 South Orme Street
Arlington, Virginia 22204
Map & Directions

2012 Promises New Challenges and New Opportunities …

Focus on the opportunities … We’ll help you at the AIDC New Year’s Party Wednesday, January 18, 6-9pm.

We’re gathering at the Sheraton National Hotel just outside DC off interstate 395. Overlooking the Pentagon, the hotel provides stunning panoramic views of the nation's capitol.

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.

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 2012.

RSVP for the best New Year’s Party today!


6:00 pm: Registration and bar 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).

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Education for a New Year - Don Boucher, 2012 AIDC President

Dear AIDC Members,

If we are to sustain the AI’s position as the premier appraisal education developer and provider - we need to be able to count on your support for our programs. In September, Joe Mags, our current National President, informed me that 70% of members' submissions for AI continuing education credits were for courses taken from outside providers.  That needs to end.

Earlier this year, I invited a friend and colleague to attend the AI seminar covering the UAD reporting requirements for residential appraisals. After the class, she thanked me for inviting her. She mentioned that it had been some time since she'd taken an AI class, and she'd forgotten how much better they are than courses from other educational providers. Most of us would agree that AI courses are much better than the competition, and well worth any extra cost.

In this newsletter you will find a complete listing of our Chapter’s educational offerings for next year.  Last year, under Steve Santora’s leadership we met with leaders from the Maryland and Northern Virginia (previously known as Stonewall Jackson) Chapters to coordinate 2012 offerings.  We will be co-sponsoring some offerings with these Chapters.  We hope that you will consider our offerings (as well as those of the nearby Chapters) first when you're deciding what education to pursue this year. (See links at the bottom of the newsletter for nearby Chapter web sites and educational offerings.)

Our 2012 educational offerings were selected not only based on our members' needs in meeting continuing education requirements; but also to help us all enhance our appraisal skills and techniques. In this rapidly changing business climate, we as appraisers are being required to adapt to a multitude of new demands. To adapt, we will need to develop new skills, and fine-tune existing ones. We need to be informed about the choices that new technology opens up to us in order to decide which can help us develop and report appraisal assignments more efficiently and effectively.   

Some of our offerings are intended to assist members seeking an AI designation.  In September, we will offer the 'Advanced Residential Reporting Writing and Case Studies' courses. These are the courses that residential Associate members (soon to be Candidates for Designation) can take to fulfill the designation requirement relating to the Demonstration Appraisal. 

I invite you to look over all of our educational offerings for next year and make your plans now. 

Next year we will have four regularly scheduled Chapter meetings; January, June, September and November.  I would like to invite you to attend the installation dinner on January 18, 2012 at the Sheraton in Arlington.  This will be an opportunity to meet our Chapter leaders for coming year, enjoy seeing old friends, and to meet new friends.  June and September Chapter meeting dates will be posted at a later date.  The November meeting will be our historically well-received 'Annual Market Update', which Jerry Harvey arranges.

I look forward to leading the Washington D.C. Metro Chapter next year and hope to see you at our events and educational offerings.

Don Boucher, SRA
2012 AIDC Chapter President Elect.

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Real Estate Market Update - Re-Cap
Though certainly less enthusiastic than last year's update, over 60 appraisal professionals heard real estate experts share a uniformly very cautiously optimistic outlook for the DC metro area at the AIDC Real Estate Update on Wednesday, November 15. Panelists included (also lists pdf of each presenter's presentation):

Kevin Thorpe - Chief Economist, Cassidy & Pinkard – General Economic Outlook Handout
Grant Montgomery – Vice President, Delta Associates – Multi-Family/Condo Market Handout
R. William Kent - Executive Vice President, CB Richard Ellis – Retail Market Handout
Eric BerkmanExecutive Director, Capital Markets Group – Cushman & Wakefield – Office Market Handout

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Online Education: Learn at your own pace anytime, anywhere.
Top-notch Appraisal Institute courses and seminars come straight to your desktop with online education! Learn from any computer anywhere, whenever you have time. It’s easy, convenient and a great way to get the education you want.
Check out the current course listing now!

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