Capital Update
January 24, 2013
2013 Education

February 20 - Appraising the Appraisal: Appraisal Review-Residential – McLean, VA Click here for details.

March TBD
- Chapter Meeting (Webinar) Details to come.

March 7-8
– Fundamentals of Separating Real, Personal Property and Intangible Business Assets – Silver Spring, MD Click here for details.

April 22-27
- Advanced Concepts & Case Studies – Ashburn, VA Click here for details.

May 9-10
- Uniform Appraisal Standards for Federal Land Acquisitions – Silver Spring, MD Details to come.

June 12
- Complex Litigation Appraisal Case Studies – Silver Spring, MD Click here for details.

June 13-14
- Litigation Appraising: Specialized Topics and Applications – Silver Spring, MD Click here for details.

June TBD
- Chapter Meeting  - Legislative Update Details to come.

September 23-26
- General Appraiser Report Writing and Case Studies – Ashburn, VA Click here for details.

October TBD
- Chapter Meeting (Webinar) Details to come.

November TBD
- Chapter Meeting/Real Estate Update Details to come.

December 5
- 7-Hour National USPAP Update Course – Silver Spring, MD Click here for details.

December 6
- Business Practices & Ethics – Silver Spring, MD Click here for details.

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Congratulations New MAI!

Michael Hausmann, MAI

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Help Strengthen Our Profession: Designated Members as Candidate Advisors

Are you interested in helping to grow the ranks of designated members? If so, you can help Candidates for Designation by becoming an Advisor for Candidates. For more information, go to the advisor information section of the Candidate for Designation portion of our website at this link.

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Proposed Interpretation and Revision to the Real Property Appraiser Qualification Criteria

The Appraiser Qualifications Board (AQB) has issued the First Exposure Draft of Proposed Interpretation and Revision to the Real Property Appraiser Qualification Criteria
Click here for a copy.
Issued on January 15, 2013. Written comments requested by February 28, 2013

Send comments AQB via email.

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Area Appraisal News

District of Columbia Publishes Final Benchmarking Regs; First Deadline Is April 1

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In This Issue
New Year Installation Dinner

AIDC appraisers gathered at the Sheraton National Hotel overlooking the Pentagon and stunning panoramic views of the nation's capitol to welcome the new year, connect with friends, congratulate a new MAI and ring out the old and meet the new AIDC board.


Incoming President, Jerry Harvey, MAI thanks outgoing President, Don Boucher, SRA for an exemplary year of leadership.

Jerry Harvey, MAI congratulates
newly designated MAI, Michael Hausmann


Past President, Bill Moroney, MAI, inducts the 2013 AIDC Board of Directors.

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Special Discount for Appraising the Appraiser: Appraisal Review- Residential

Appraisal review requires a different skill set than traditional appraisal work. In this seminar, career professionals will gain invaluable insights into client expectations regarding the content and quality demanded by review assignments.

Designed specifically for residential appraisers who also review appraisals, the seminar presents methods for performing review assignments efficiently and effectively. Real estate professionals involved in appraisal management or who work in quality control and compliance for financial institutions may find this program beneficial. 

While exploring techniques and methodologies used by professional reviewers, you will distinguish features of the ideal appraisal report, identify eight general categories and examine 14 specific warning signs of a problem appraisal, plus dig into 7 examples of complex review appraisal assignments. This seminar will help you spot the most common reporting deficiencies—while avoiding those deficiencies in your own appraisal reports.   

Taught by highly rated instructor, Mark Smeltzer, SRA, at the end of this seminar you will be able to:

  • Recognize the need for appraisal reviews performed by reviewers who are cognizant of their ethical and professional responsibilities.
  • Review the impact of USPAP, FIRREA and other regulations on the review process.
  • Identify types of appraisal review assignments and the process employed in the reviewer’s scope of work.
  • Identify the analytical steps necessary to develop a review opinion.
  • Examine and analyze the component parts of an appraisal report for review purposes and identify tests of reasonableness that may be applied.
  • Define six characteristics of quality appraisal reports and the role of client expectations in defining a “good” appraisal.
  • Identify and discuss 14 warning signs of a problem appraisal.
  • Illustrate 7 examples of complex review appraisal assignments.
  • Discuss the process of appropriate “reviewer to appraiser” communication.

Note.  This seminar uses the same textbook (the 2010 version is required!) as the Appraising the Appraisal: Appraisal Review—General seminar. If you have previously attended the “general” version of the seminar, you will find that some content covering  appraisal review theory is similar. However, this seminar focuses on residential appraisal review and is replete with insightful examples of residential appraisal review techniques.  It is not-to-miss education for all residential appraisers and reviewers—even for those who have attended the “general” version.

Thanks to the generosity of CBRE (free classroom space!), we're able to offer a $50 registration discount for this course! Click here for more details and registration!

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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!

c/o Mariner Management * PO Box 1640 * Columbia, MD 21044
301-924-1020 * www.appraisalinstitutedc.org

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