ÿþ<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META content="text/html; charset=unicode" http-equiv=Content-Type> <META name=GENERATOR content="MSHTML 8.00.6001.18702"></HEAD> <BODY> <TABLE style="BORDER-COLLAPSE: collapse" border=1 cellSpacing=0 borderColor=#cccccc cellPadding=10 width=600 bgColor=#ffffff align=Default hspace="10"> <TBODY> <TR> <TD> <P><IMG border=0 hspace=0 alt="" align=baseline src="http://www.appraisalinstitutedc.org/images/CapitalUpdateHeader.gif"><A name=top></A></P> <P style="MARGIN: 0in 0in 0pt" class=MsoPlainText><B style="mso-bidi-font-weight: normal"><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: 'Book Antiqua'; FONT-SIZE: 20pt; mso-bidi-font-family: 'Times New Roman'">Capital Update</SPAN></I></B></P> <P style="MARGIN: 0in 0in 0pt" class=MsoPlainText><B><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt">May 2009</SPAN></B><B><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt; mso-bidi-font-family: 'Courier New'"><O:P></O:P></SPAN></B></P> <P style="MARGIN: 0in 0in 0pt" class=MsoPlainText><B><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt; mso-bidi-font-family: 'Courier New'"><O:P>&nbsp;</O:P></SPAN></B></P> <P style="MARGIN: 0in 0in 0pt" class=MsoPlainText><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 style="MARGIN: 0in 0in 0pt" class=MsoNormal><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">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 <A href="mailto:info@appraisalinstitutedc.org">info@appraisalinstitutedc.org</A><BR>New job? Address change? Click <A href="https://wwww.appraisalinstitute.org/">here</A> and log in to update your membership record.<O:P></O:P></SPAN></P> <P style="MARGIN: 0in 0in 0pt" class=MsoPlainText><B><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt">&nbsp;</SPAN></B><SPAN style="FONT-FAMILY: Arial; mso-bidi-font-family: 'Courier New'"><O:P></O:P></SPAN></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><STRONG><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 13.5pt">Spotlight </SPAN></STRONG><B><SPAN style="FONT-SIZE: 13.5pt"><BR></SPAN></B><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"><A href="#spot">Volunteer </A></SPAN><A href="#spot"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">Opportunity</SPAN></ST1:PLACE><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> with </SPAN><ST1:PERSONNAME><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">AIDC</SPAN></ST1:PERSONNAME><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> - Let Your Voice Be Heard!</SPAN></A><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"><O:P></O:P></SPAN></P> <P style="MARGIN: 0in 0in 0pt" class=MsoPlainText><FONT size=2><SPAN style="FONT-FAMILY: Arial">&nbsp;</SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"><O:P></O:P></SPAN></FONT></P> <P style="MARGIN: 0in 0in 0pt" class=MsoPlainText><STRONG><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 13.5pt">AIDC News</SPAN></STRONG><SPAN style="FONT-FAMILY: Arial"><FONT size=2> <O:P></O:P></FONT></SPAN></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><ST1:PERSONNAME><ST1:PERSONNAME><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"><A href="#contribution">AIDC</A></SPAN></ST1:PERSONNAME><A href="#contribution"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> Board</SPAN></A></ST1:PERSONNAME><A href="#contribution"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> Approves Contribution to AI Government Relations Committee</SPAN></A><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"><O:P></O:P></SPAN></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"><A href="#sra">Congratulations to Jim Ryan - New </A></SPAN><A href="#sra"><ST1:STOCKTICKER><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">SRA</SPAN></ST1:STOCKTICKER><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">!</SPAN></A><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"><O:P></O:P></SPAN></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"><A href="#new">Welcome <SPAN style="COLOR: windowtext; TEXT-DECORATION: none; text-underline: none">New Members</SPAN></A></SPAN><A href="#new"><SPAN style="FONT-SIZE: 11pt; mso-bidi-font-family: Arial"><O:P></O:P></SPAN></A><SPAN style="FONT-SIZE: 11pt; mso-bidi-font-family: Arial"><O:P></O:P></SPAN></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; 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 style="MARGIN: 0in 0in 0pt" class=MsoNormal><STRONG><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 13.5pt; mso-bidi-font-family: 'Times New Roman'">AI News</SPAN></STRONG><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'"> <O:P></O:P></SPAN></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"><A href="#registry">Leadership Resource Registry<O:P></O:P></A></SPAN></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><A href="#registry"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'"><O:P></O:P></SPAN></A><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'"><O:P>&nbsp;</O:P></SPAN></P> <P style="MARGIN: 0in 0in 0pt" class=MsoPlainText><STRONG><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 13.5pt">Continuing Education</SPAN></STRONG><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"><O:P></O:P></SPAN></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"><A href="#cal">Mark your Calendar for These Fall Seminar/Events<O:P></O:P></A><O:P></O:P></SPAN></P> <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in; mso-border-bottom-alt: solid windowtext .5pt"><BR> <HR> <STRONG><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 13.5pt; mso-bidi-font-family: 'Times New Roman'"><O:P></O:P></SPAN></STRONG></DIV> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><STRONG><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 13.5pt; mso-bidi-font-family: 'Times New Roman'">Spotlight<A name=spot></A><O:P></O:P></SPAN></STRONG></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><STRONG><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 13.5pt; mso-bidi-font-family: 'Times New Roman'"><O:P>&nbsp;</O:P></SPAN></STRONG></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">Volunteer </SPAN></B><ST1:PLACE><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">Opportunity</SPAN></B></ST1:PLACE><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> with </SPAN></B><ST1:PERSONNAME><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">AIDC</SPAN></B></ST1:PERSONNAME><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> - Let Your Voice Be Heard!<O:P></O:P></SPAN></B></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"><O:P>&nbsp;</O:P></SPAN></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">We're looking for two </SPAN><ST1:PERSONNAME><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">AIDC</SPAN></ST1:PERSONNAME><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> 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 </SPAN><ST1:PERSONNAME><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">AIDC</SPAN></ST1:PERSONNAME><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> 2010 Board of Directors. The Nominations &amp; Elections team, led by immediate past president, </SPAN><ST1:PERSONNAME><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">Dave Lamb</SPAN></ST1:PERSONNAME><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">, 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 &amp; email with the possibility of one face-to-face meeting if needed.<O:P></O:P></SPAN></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"><O:P>&nbsp;</O:P></SPAN></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">If you're interested in participating or have additional questions, please let us know by reply to this email. Thank you.<O:P></O:P></SPAN></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; 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 style="MARGIN: 0in 0in 0pt" class=MsoNormal><EM><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; 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 style="MARGIN: 0in 0in 0pt" class=MsoNormal><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; 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 style="MARGIN: 0in 0in 0pt" class=MsoNormal><STRONG><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 13.5pt; mso-bidi-font-family: 'Times New Roman'">AIDC News<O:P></O:P></SPAN></STRONG></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><STRONG><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 13.5pt; mso-bidi-font-family: 'Times New Roman'"><O:P>&nbsp;</O:P></SPAN></STRONG></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'"><ST1:PERSONNAME><ST1:PERSONNAME><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"><STRONG>AIDC</STRONG></SPAN></ST1:PERSONNAME><STRONG><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> Board</SPAN></STRONG></ST1:PERSONNAME><STRONG><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> Approves Contribution to AI Government Relations Committee<O:P></O:P></SPAN></STRONG></SPAN></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><A name=contribution></A></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'">The </SPAN><ST1:PERSONNAME><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'">AIDC</SPAN></ST1:PERSONNAME><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'"> 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 </SPAN><ST1:PERSONNAME><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'">AIDC</SPAN></ST1:PERSONNAME><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'"> 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.<O:P></O:P></SPAN></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'"><O:P>&nbsp;</O:P></SPAN></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'">(On a related front, </SPAN></I><ST1:PERSONNAME><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'">AIDC</SPAN></I></ST1:PERSONNAME><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'"> board member, Don Boucher </SPAN></I><ST1:STOCKTICKER><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'">SRA</SPAN></I></ST1:STOCKTICKER><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'">, will be meeting with the </SPAN></I><ST1:STATE><ST1:PLACE><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'">Virginia</SPAN></I></ST1:PLACE></ST1:STATE><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'"> 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.)<O:P></O:P></SPAN></I></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'"><O:P>&nbsp;</O:P></SPAN></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><B style="mso-bidi-font-weight: normal"><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">Letter from AI Government Relations Committee<O:P></O:P></SPAN></I></B></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><B style="mso-bidi-font-weight: normal"><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"><O:P>&nbsp;</O:P></SPAN></I></B></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">Dear Fellow Chapter Officers:&nbsp;</SPAN></I><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'"> <O:P></O:P></SPAN></I></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'"><O:P>&nbsp;</O:P></SPAN></I></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'">This year will be the most active and trying year in the history of appraisal regulation.<SPAN style="mso-spacerun: yes">&nbsp; </SPAN>We have issues of Federal and State Legislation as well as numerous Agency regulatory rule changes which will affect our livelihoods.<SPAN style="mso-spacerun: yes">&nbsp; </SPAN><O:P></O:P></SPAN></I></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'"><O:P>&nbsp;</O:P></SPAN></I></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'">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 </SPAN></I><ST1:STOCKTICKER><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'">IRS</SPAN></I></ST1:STOCKTICKER><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'"> rules and multiple state initiatives to regulate appraisal management companies, and others involving the legitimacy of broker price opinions.<SPAN style="mso-spacerun: yes">&nbsp; </SPAN>While some of these activities are part of the office's normal workload, the issues related to the unparalleled economic situation are not.<O:P></O:P></SPAN></I></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'"><O:P>&nbsp;</O:P></SPAN></I></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'">Simply put, our </SPAN></I><ST1:STATE><ST1:PLACE><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'">Washington</SPAN></I></ST1:PLACE></ST1:STATE><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'"> office is deluged, and we need some help.<SPAN style="mso-spacerun: yes">&nbsp; </SPAN>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.<SPAN style="mso-spacerun: yes">&nbsp; </SPAN>Our National office allotted an emergency $75,000, but we will need significantly more funding to be effective.<SPAN style="mso-spacerun: yes">&nbsp; </SPAN><O:P></O:P></SPAN></I></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'"><O:P>&nbsp;</O:P></SPAN></I></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'">In January, the North Star Chapter in Minnesota challenged the other </SPAN></I><ST1:PERSONNAME><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'">Appraisal Institute</SPAN></I></ST1:PERSONNAME><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'"> Chapters to contribute Chapter funding to Government Relations efforts in DC (see e-mail below).<SPAN style="mso-spacerun: yes">&nbsp; </SPAN>They pledged $10,000 if at least $140,000 were contributed by the other Chapters.<SPAN style="mso-spacerun: yes">&nbsp; </SPAN>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 </SPAN></I><ST1:PLACE><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'">Northern </SPAN></I><ST1:PERSONNAME><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'">Cal</SPAN></I></ST1:PERSONNAME><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'">ifornia</SPAN></I></ST1:PLACE><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'"> Chapter, which is providing an unconditional $15,000 towards the cause.<O:P></O:P></SPAN></I></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'"><O:P>&nbsp;</O:P></SPAN></I></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'">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.<SPAN style="mso-spacerun: yes">&nbsp; </SPAN>Frankly, we need the money now.<SPAN style="mso-spacerun: yes">&nbsp; </SPAN>Issues are moving fast and we can't afford to be left behind.<SPAN style="mso-spacerun: yes">&nbsp; </SPAN><O:P></O:P></SPAN></I></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'"><O:P>&nbsp;</O:P></SPAN></I></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'">Your Government Relations Committee and our staff are fighting hard to represent you, but we need ammunition and we need it </SPAN></I><ST1:STOCKTICKER><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'">NOW</SPAN></I></ST1:STOCKTICKER><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'">!<SPAN style="mso-spacerun: yes">&nbsp; </SPAN>Please call a special meeting of your Board of Directors and help us with an extraordinary donation on behalf of our members.<SPAN style="mso-spacerun: yes">&nbsp; </SPAN>The </SPAN></I><ST1:STOCKTICKER><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'">GRC</SPAN></I></ST1:STOCKTICKER><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'"> will be good stewards of any funding received and we will be reporting back to you often.<O:P></O:P></SPAN></I></P> <P style="MARGIN: 0in 0in 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto" class=MsoNormal><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">Thanking you in advance,</SPAN><O:P></O:P></I></P> <P style="MARGIN: 0in 0in 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto" class=MsoNormal><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">Your Government Relations Committee <BR><BR>R. A Maloy, </SPAN></I><ST1:STOCKTICKER><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">MAI</SPAN></I></ST1:STOCKTICKER><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">, </SPAN></I><ST1:STOCKTICKER><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">SRA</SPAN></I></ST1:STOCKTICKER><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> <BR>K. L Reitman, </SPAN></I><ST1:STOCKTICKER><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">MAI</SPAN></I></ST1:STOCKTICKER><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">, </SPAN></I><ST1:STOCKTICKER><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">SRA</SPAN></I></ST1:STOCKTICKER><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> <BR>Rick R. Lifferth, </SPAN></I><ST1:STOCKTICKER><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">MAI</SPAN></I></ST1:STOCKTICKER><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">, </SPAN></I><ST1:STOCKTICKER><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">SRA</SPAN></I></ST1:STOCKTICKER><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> <BR>James R. Blaydes, </SPAN></I><ST1:STOCKTICKER><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">SRA</SPAN></I></ST1:STOCKTICKER><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> <BR>Patricia M. Amidon, </SPAN></I><ST1:STOCKTICKER><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">MAI</SPAN></I></ST1:STOCKTICKER><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> <BR>Don R. Scheidt, </SPAN></I><ST1:STOCKTICKER><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">MAI</SPAN></I></ST1:STOCKTICKER><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">, </SPAN></I><ST1:STOCKTICKER><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">SRA</SPAN></I></ST1:STOCKTICKER><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> <BR>Richard L. Parli, </SPAN></I><ST1:STOCKTICKER><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">MAI</SPAN></I></ST1:STOCKTICKER><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> <BR>Gregg Stephen Whittlesey <BR>Glenn Garoon, </SPAN></I><ST1:STOCKTICKER><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">MAI</SPAN></I></ST1:STOCKTICKER><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> <BR>F. Miller Guice, Jr, </SPAN></I><ST1:STOCKTICKER><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">MAI</SPAN></I></ST1:STOCKTICKER><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> <BR>Jesse B. Vance, Jr, </SPAN></I><ST1:STOCKTICKER><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">MAI</SPAN></I></ST1:STOCKTICKER><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">, </SPAN></I><ST1:STOCKTICKER><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">SRA</SPAN></I></P> <P style="MARGIN: 0in 0in 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto" class=MsoNormal><I style="mso-bidi-font-style: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"></SPAN></I></ST1:STOCKTICKER><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'">&nbsp;</SPAN><I style="mso-bidi-font-style: normal"><O:P></O:P></I></P> <P style="MARGIN: 0in 0in 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto" class=MsoNormal><I style="mso-bidi-font-style: normal"><O:P></O:P></I></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><EM><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; 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 style="MARGIN: 0in 0in 0pt" class=MsoPlainText><SPAN style="FONT-FAMILY: Arial"><FONT size=2>&nbsp;<O:P></O:P></FONT></SPAN></P> <P style="MARGIN: 0in 0in 0pt" class=MsoPlainText><STRONG><SPAN style="FONT-FAMILY: Arial"><FONT size=2>New </FONT></SPAN></STRONG></A><FONT size=2><ST1:STOCKTICKER><SPAN style="mso-bookmark: new"><STRONG><SPAN style="FONT-FAMILY: Arial">SRA</SPAN></STRONG></SPAN></ST1:STOCKTICKER><SPAN style="mso-bookmark: new"><STRONG><SPAN style="FONT-FAMILY: Arial">!<O:P><A name=sra></A></O:P></SPAN></STRONG></SPAN></FONT></P> <P style="MARGIN: 0in 0in 0pt" class=MsoPlainText><FONT size=2><SPAN style="mso-bookmark: new"><STRONG><SPAN style="FONT-FAMILY: Arial; FONT-WEIGHT: normal; mso-bidi-font-weight: bold">Congratulations to Mr. James J. Ryan, </SPAN></STRONG></SPAN><ST1:STOCKTICKER><SPAN style="mso-bookmark: new"><STRONG><SPAN style="FONT-FAMILY: Arial; FONT-WEIGHT: normal; mso-bidi-font-weight: bold">SRA</SPAN></STRONG></SPAN></ST1:STOCKTICKER><SPAN style="mso-bookmark: new"><STRONG><SPAN style="FONT-FAMILY: Arial; FONT-WEIGHT: normal; mso-bidi-font-weight: bold"> of Ryan Appraisal Service in </SPAN></STRONG></SPAN><ST1:PLACE><ST1:CITY><SPAN style="mso-bookmark: new"><STRONG><SPAN style="FONT-FAMILY: Arial; FONT-WEIGHT: normal; mso-bidi-font-weight: bold">Leesburg</SPAN></STRONG></SPAN></ST1:CITY><SPAN style="mso-bookmark: new"><STRONG><SPAN style="FONT-FAMILY: Arial; FONT-WEIGHT: normal; mso-bidi-font-weight: bold">, </SPAN></STRONG></SPAN><ST1:STATE><SPAN style="mso-bookmark: new"><STRONG><SPAN style="FONT-FAMILY: Arial; FONT-WEIGHT: normal; mso-bidi-font-weight: bold">VA.</SPAN></STRONG></SPAN></ST1:STATE></ST1:PLACE><SPAN style="mso-bookmark: new"><STRONG><SPAN style="FONT-FAMILY: Arial; FONT-WEIGHT: normal; mso-bidi-font-weight: bold"> Jim has successfully fulfilled the rigorous requirements for the </SPAN></STRONG></SPAN><ST1:STOCKTICKER><SPAN style="mso-bookmark: new"><STRONG><SPAN style="FONT-FAMILY: Arial; FONT-WEIGHT: normal; mso-bidi-font-weight: bold">SRA</SPAN></STRONG></SPAN></ST1:STOCKTICKER><SPAN style="mso-bookmark: new"><STRONG><SPAN style="FONT-FAMILY: Arial; FONT-WEIGHT: normal; mso-bidi-font-weight: bold"> credential. Way to go!<O:P></O:P></SPAN></STRONG></SPAN></FONT></P> <P style="MARGIN: 0in 0in 0pt" class=MsoPlainText><SPAN style="mso-bookmark: new"><STRONG><SPAN style="FONT-FAMILY: Arial; FONT-WEIGHT: normal; mso-bidi-font-weight: bold"><O:P><FONT size=2>&nbsp;</FONT></O:P></SPAN></STRONG></SPAN></P> <P style="MARGIN: 0in 0in 0pt" class=MsoPlainText><FONT size=2><SPAN style="mso-bookmark: new"><STRONG><SPAN style="FONT-FAMILY: Arial">Welcome New Members</SPAN></STRONG></SPAN><SPAN style="mso-bookmark: new"></SPAN></FONT><STRONG><SPAN style="FONT-FAMILY: Arial; FONT-WEIGHT: normal; mso-bidi-font-weight: bold"><A name=new></A><BR><FONT size=2>Yair Kalush<O:P></O:P></FONT></SPAN></STRONG></P> <P style="MARGIN: 0in 0in 0pt" class=MsoPlainText><FONT size=2><STRONG><SPAN style="FONT-FAMILY: Arial; FONT-WEIGHT: normal; mso-bidi-font-weight: bold">John M. Lockard</SPAN></STRONG><STRONG><SPAN style="FONT-FAMILY: Arial"><O:P></O:P></SPAN></STRONG></FONT><BR><SPAN style="FONT-FAMILY: Arial"><FONT size=2><O:P></O:P></FONT></SPAN></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><EM><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'"></SPAN></EM>&nbsp;</P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><EM><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; 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 style="MARGIN: 0in 0in 0pt" class=MsoPlainText><SPAN style="FONT-FAMILY: Arial"><FONT size=2>&nbsp;<O:P></O:P></FONT></SPAN></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">&nbsp;</SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"><O:P></O:P></SPAN></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><STRONG><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 13.5pt; mso-bidi-font-family: 'Times New Roman'">AI News<SPAN style="mso-spacerun: yes">&nbsp; </SPAN><O:P></O:P></SPAN></STRONG></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><STRONG><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 13.5pt; mso-bidi-font-family: 'Times New Roman'"><O:P>&nbsp;</O:P></SPAN></STRONG></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><B><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'">Leadership Resource Registry<O:P></O:P></SPAN></B></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"><A name=registry></A>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. <O:P></O:P></SPAN><BR><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"><O:P></O:P></SPAN></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">If you are interested in serving the organization, please complete the Registry by </SPAN><ST1:DATE Month="7" Day="15" Year="2009"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">July 15, 2009</SPAN></ST1:DATE><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">. To access the Leadership Resource Registry, you will need to log into the members-only area of the Appraisal Institute Web site: <A href="https://www.appraisalinstitute.org/myappraisalinstitute/my_lrr.aspx">https://www.appraisalinstitute.org/myappraisalinstitute/my_lrr.aspx</A><O:P></O:P></SPAN></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"><O:P>&nbsp;</O:P></SPAN></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">If you have questions or need assistance completing the Registry, please contact Ashley Forman at <A href="about:aforman@appraisalinstitute.org">aforman@appraisalinstitute.org</A>.<SPAN style="mso-spacerun: yes">&nbsp; </SPAN><O:P></O:P></SPAN></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"><O:P>&nbsp;</O:P></SPAN></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><EM><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; 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 style="MARGIN: 0in 0in 0pt" class=MsoNormal><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; 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><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 13.5pt; mso-bidi-font-family: 'Times New Roman'"><O:P></O:P></SPAN></B></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 13.5pt; mso-bidi-font-family: 'Times New Roman'">Continuing Education<O:P></O:P></SPAN></B></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 13.5pt; mso-bidi-font-family: 'Times New Roman'"><O:P>&nbsp;</O:P></SPAN></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'">Mark your Calendar for These Fall Seminar/Events<O:P></O:P></SPAN></B></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'"><A name=cal></A>The DC Metro Chapter Education committee is proud to announce the upcoming fall events:<O:P></O:P></SPAN></P> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt"><O:P>&nbsp;</O:P></SPAN></P> <UL style="MARGIN-TOP: 0in" type=disc> <LI style="MARGIN: 0in 0in 0pt; mso-list: l0 level1 lfo1; tab-stops: list .5in" class=MsoNormal><ST1:DATE Month="9" Day="10" Year="2009"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-weight: bold">September 10, 2009</SPAN></ST1:DATE><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-weight: bold"> </SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">- Real Estate Market Update, Tysons Corner<O:P></O:P></SPAN> <LI style="MARGIN: 0in 0in 0pt; mso-list: l0 level1 lfo1; tab-stops: list .5in" class=MsoNormal><ST1:DATE Month="9" Day="18" Year="2009"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-weight: bold">September 18, 2009</SPAN></ST1:DATE><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-weight: bold"> </SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">- Appraisal Challenges: Declining Markets and Sales Concessions, </SPAN><ST1:CITY><ST1:PLACE><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">Rockville</SPAN></ST1:PLACE></ST1:CITY><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"><O:P></O:P></SPAN> <LI style="MARGIN: 0in 0in 0pt; mso-list: l0 level1 lfo1; tab-stops: list .5in" class=MsoNormal><ST1:DATE Month="10" Day="16" Year="2009"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-weight: bold">October 16, 2009</SPAN></ST1:DATE><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-weight: bold"> </SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">- Introduction To Appraising Green Buildings, </SPAN><ST1:CITY><ST1:PLACE><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">Rockville</SPAN></ST1:PLACE></ST1:CITY><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"><O:P></O:P></SPAN> <LI style="MARGIN: 0in 0in 0pt; mso-list: l0 level1 lfo1; tab-stops: list .5in" class=MsoNormal><ST1:DATE Month="11" Day="13" Year="2009"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-weight: bold">November 13, 2009</SPAN></ST1:DATE><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-weight: bold"> </SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">- Real Estate, Value and Investment Performance, </SPAN><ST1:CITY><ST1:PLACE><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">Rockville</SPAN></ST1:PLACE></ST1:CITY><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"><O:P></O:P></SPAN> <LI style="MARGIN: 0in 0in 0pt; mso-list: l0 level1 lfo1; tab-stops: list .5in" class=MsoNormal><ST1:DATE Month="11" Day="19" Year="2009"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-weight: bold">November 19-20, 2009</SPAN></ST1:DATE><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-weight: bold"> </SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">- Residential Site Valuation and Cost Approach, </SPAN><ST1:CITY><ST1:PLACE><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">Rockville</SPAN></ST1:PLACE></ST1:CITY><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"><O:P></O:P></SPAN> <LI style="MARGIN: 0in 0in 0pt; mso-list: l0 level1 lfo1; tab-stops: list .5in" class=MsoNormal><ST1:DATE Month="12" Day="3" Year="2009"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-weight: bold">December 3, 2009</SPAN></ST1:DATE><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-weight: bold"> </SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">- 7-Hour USPAP, </SPAN><ST1:CITY><ST1:PLACE><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">Rockville</SPAN></ST1:PLACE></ST1:CITY><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"><O:P></O:P></SPAN> <LI style="MARGIN: 0in 0in 0pt; mso-list: l0 level1 lfo1; tab-stops: list .5in" class=MsoNormal><ST1:DATE Month="12" Day="4" Year="2009"><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-weight: bold">December 4, 2009</SPAN></ST1:DATE><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-weight: bold"> </SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">- Business Practices and Ethics, </SPAN><ST1:CITY><ST1:PLACE><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">Rockville</SPAN></ST1:PLACE></ST1:CITY><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"><O:P></O:P></SPAN> <LI style="MARGIN: 0in 0in 0pt; mso-list: l0 level1 lfo1; tab-stops: list .5in" class=MsoNormal><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-weight: bold">TBD </SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">- </SPAN><ST1:PLACE><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">Holiday</SPAN></ST1:PLACE><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> Networking Party (December)<O:P></O:P></SPAN><I><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"><O:P></O:P></SPAN></I> </LI></UL> <P style="MARGIN: 0in 0in 0pt" class=MsoNormal><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">Watch for more details by visiting the <EM><SPAN style="FONT-FAMILY: Arial; 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></EM></SPAN></P><EM><SPAN style="FONT-FAMILY: Arial; COLOR: #3366ff; FONT-SIZE: 10pt"><O:P></O:P></SPAN></EM> <P><EM><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-family: 'Times New Roman'"><A href="#top">Back to Top</A></SPAN></EM></P> <P><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">Click the links below to view offerings from our regional Appraisal Institute neighbors to the North and South.<O:P></O:P></SPAN></P> <P><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"><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> <DIV align=center><FONT size=2><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"><O:P></O:P></SPAN><SPAN style="FONT-FAMILY: Arial">&nbsp;<EM>To remove yourself from this mailing list, <A href="mailto:remove@appraisalinstitutedc.org" target=_blank>click here</A></EM></SPAN></FONT><EM><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">. </SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 12pt"><O:P></O:P></SPAN></EM></DIV> <P style="MARGIN: 0in 0in 0pt" class=MsoPlainText><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"><O:P>&nbsp;</O:P></SPAN></P> <P>&nbsp;</P></TD></TR></TBODY></TABLE></BODY></HTML>