Capital Update

May 2009

http://www.appraisalinstitutedc.org

Capital Update is a service of the DC Metro Chapter of the Appraisal Institute.
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Spotlight
Volunteer Opportunity with AIDC - Let Your Voice Be Heard!

AIDC News

AIDC Board Approves Contribution to AI Government Relations Committee

Congratulations to Jim Ryan - New SRA!

Welcome New Members

AI News

Leadership Resource Registry

Continuing Education

Mark your Calendar for These Fall Seminar/Events

Spotlight

Volunteer Opportunity with AIDC - Let Your Voice Be Heard!

We're looking for two AIDC members who can spare a total of 6-8 hours over the next two months to help the Nominations and Elections team identify and select nominees for election to open seats on the AIDC 2010 Board of Directors. The Nominations & Elections team, led by immediate past president, Dave Lamb, consists of one member appointed by the current president, one member appointed by the current Board of Directors and two members selected by the membership. The team will be responsible for reviewing prospective nominees for each open seat and approving a final slate to be presented to the full membership. Most of the work will be done by telephone & email with the possibility of one face-to-face meeting if needed.

If you're interested in participating or have additional questions, please let us know by reply to this email. Thank you.

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AIDC News

AIDC Board Approves Contribution to AI Government Relations Committee

The AIDC board approved a $10,000 contribution to the AI Government Relations Committee in response to the funding request below. The contribution was accompanied by a letter from AIDC President, John Reyle, voicing the chapter's support for the overall effort to ensure a fair and level playing field for all appraisers, but also included a request that more be done to protect residential appraisers and specifically expressed a very strong concern that HVCC creates a detrimental environment for the residential appraiser in terms of compensation from third party vendor management companies.

(On a related front, AIDC board member, Don Boucher SRA, will be meeting with the Virginia Association of Realtors on June 2 to discuss the HVCC and use of AMCs. Please let us know by reply to this email if you're interested in attending the meeting.)

Letter from AI Government Relations Committee

Dear Fellow Chapter Officers: 

This year will be the most active and trying year in the history of appraisal regulation.  We have issues of Federal and State Legislation as well as numerous Agency regulatory rule changes which will affect our livelihoods. 

Aside from issues related to TARP, predatory lending, banking and financial services regulatory reform, implementation of the Home Valuation Code of Conduct and foreclosure prevention, the Washington office is involved with and advocating your interests on IRS rules and multiple state initiatives to regulate appraisal management companies, and others involving the legitimacy of broker price opinions.  While some of these activities are part of the office's normal workload, the issues related to the unparalleled economic situation are not.

Simply put, our Washington office is deluged, and we need some help.  We need outside help from a professional lobbying firm to supplement our efforts and elevate our profile on Capitol Hill and within the new Administration.  Our National office allotted an emergency $75,000, but we will need significantly more funding to be effective. 

In January, the North Star Chapter in Minnesota challenged the other Appraisal Institute Chapters to contribute Chapter funding to Government Relations efforts in DC (see e-mail below).  They pledged $10,000 if at least $140,000 were contributed by the other Chapters.  The challenge was based on their suggestion of a contribution of $25.00 per Chapter Member. Several other chapters have already agreed to pitch in, most notably the Northern California Chapter, which is providing an unconditional $15,000 towards the cause.

While a message went out in January to the Chapters announcing this challenge, the Government Relations Committee believes it to be extremely important that we ask that your Chapter expedite your consideration of this request.  Frankly, we need the money now.  Issues are moving fast and we can't afford to be left behind. 

Your Government Relations Committee and our staff are fighting hard to represent you, but we need ammunition and we need it NOW!  Please call a special meeting of your Board of Directors and help us with an extraordinary donation on behalf of our members.  The GRC will be good stewards of any funding received and we will be reporting back to you often.

Thanking you in advance,

Your Government Relations Committee

R. A Maloy, MAI, SRA
K. L Reitman, MAI, SRA
Rick R. Lifferth, MAI, SRA
James R. Blaydes, SRA
Patricia M. Amidon, MAI
Don R. Scheidt, MAI, SRA
Richard L. Parli, MAI
Gregg Stephen Whittlesey
Glenn Garoon, MAI
F. Miller Guice, Jr, MAI
Jesse B. Vance, Jr, MAI, SRA

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New SRA!

Congratulations to Mr. James J. Ryan, SRA of Ryan Appraisal Service in Leesburg, VA. Jim has successfully fulfilled the rigorous requirements for the SRA credential. Way to go!

Welcome New Members
Yair Kalush

John M. Lockard

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AI News 

Leadership Resource Registry

The Leadership Development and Training Committee (LDTC) recently rolled out the 2009 Leadership Resource Registry, which allows members to indicate their preferences for service on national committees and panels.

If you are interested in serving the organization, please complete the Registry by July 15, 2009. To access the Leadership Resource Registry, you will need to log into the members-only area of the Appraisal Institute Web site: https://www.appraisalinstitute.org/myappraisalinstitute/my_lrr.aspx

If you have questions or need assistance completing the Registry, please contact Ashley Forman at aforman@appraisalinstitute.org. 

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Continuing Education

Mark your Calendar for These Fall Seminar/Events

The DC Metro Chapter Education committee is proud to announce the upcoming fall events:

• September 10, 2009 - Real Estate Market Update, Tysons Corner
• September 18, 2009 - Appraisal Challenges: Declining Markets and Sales Concessions, Rockville
• October 16, 2009 - Introduction To Appraising Green Buildings, Rockville
• November 13, 2009 - Real Estate, Value and Investment Performance, Rockville
• November 19-20, 2009 - Residential Site Valuation and Cost Approach, Rockville
• December 3, 2009 - 7-Hour USPAP, Rockville
• December 4, 2009 - Business Practices and Ethics, Rockville
• TBD - Holiday Networking Party (December)

Watch for more details by visiting the DC Metro Area Chapter Website.

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Click the links below to view offerings from our regional Appraisal Institute neighbors to the North and South.

Maryland Chapter
Hampton Roads Chapter
Stonewall Jackson Chapter
Virginia Commonwealth Chapter