Capital Update

September 2008

 

http://www.appraisalinstitutedc.org

Capital Update is a service of the DC Metro Chapter of the Appraisal Institute.
If you would like to share some news, e-mail
info@appraisalinstitutedc.org
New job? Address change? Click here and log in to update your membership record.

 

Spotlight
Tuesday, October 28, 2008 – Real Estate Market Update: Economic Outlook for Metro DC Real Estate 2008 and Beyond

 

AIDC News

Inside the Beltway: Reconsideration of Value: An Insider’s view by Bill Garber

D.C. Metro Area Chapter Holiday Party

New Members

.

AI News

Appraiser News Online sports new look

New Podcast and Upcoming Webinar feature latest on HVCC

Fast-Track Audit Seminar Training scheduled for October 17-18, 2008

 

Continuing Education

November 14, 2008 - Supporting Capitalization Rates Seminar

December 12, 2008 - 7-Hour National USPAP Update Course

 

Spotlight

 

Tuesday, October 28, 2008 – Real Estate Market Update: Economic Outlook for Metro DC Real Estate 2008 and Beyond

 

Join the DC Metro Area Chapter of the Appraisal Institute for an update on the economic outlook for real estate in the Metro DC area. Attendees will receive an overall economic review as well as individual reports for the land, multi-family/condo, retail and office segments of the real estate market. Presenters will address current inventory, projected supply and demand and investment dynamics for each market segment.

 

Don't miss this unique opportunity to hear from these key players,

meet appraisal professionals from all around the region and enjoy a great meal!

Speakers:

Kevin Thorpe - Vice President and Director of Research, Cassidy & Pinkard – General Economic Outlook

Grant Montgomery – Vice President, Delta Associates – Multi-Family/Condo Market

R. William Kent - Executive Vice President, CB Richard Ellis – Retail Market

TBD – Office Market

Bruce Winston, Executive Vice President or Richard Samit, CEO, Fraser Forbes – Land Development Market

 

Schedule:       

4pm: Registration opens

4:30 – 6:30pm: Presentations

6:30 – 8:30pm: Dinner & Networking

 

Location: Clyde’s of Tysons Corner, 8332 Leesburg Pike Vienna, VA 22182, (703) 734-1901

 

Registration Fee (includes dinner):

$40 – AIDC Members (Paid by October 21; $50 thereafter)

$60 – Non-Members (Paid by October 21; $70 thereafter)

Click here to register on-line.
(http://www.appraisalinstitute.org/education/more_info.aspx?id=11053)

Click here for a form you can print and mail or fax.
(http://www.appraisalinstitutedc.org/mail-fax-10-28-08.pdf)

N.B. This program was developed and is administered by the Appraisal Institute – DC Metro Chapter. Attendees are eligible to receive 2.0 hours of Appraisal Institute continuing education credit.

 

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AIDC News

 

Inside the Beltway: Reconsideration of Value: An Insider’s view by Bill Garber

 

Appraisal Institute Director of External Relations Bill Garber will be featured in the Appraiser News Online on an on-going basis offering an insider’s view on hot button issues in the Washington DC area. The current issue topic is the “reconsideration of value” procedure in use by the Department of Veterans Affairs. Currently several national real estate organizations are encouraging the Federal Housing Administration, Fannie Mae and Freddie Mac to follow suit. To read Bill’s view on this issue, go to http://www.appraisalinstitute.org/ano/current.aspx?volume=9&numbr=17/18         

 

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D.C. Metro Chapter Holiday Party.

Mark your calendar for December 4, 2008 to attend the AIDC Chapter Holiday Party at Dave & Busters in Bethesda. Watch for more details at http://www.appraisalinstitutedc.org/index.html.

 

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Welcome New Members

Darrell Adams

Ronald H. Bozeman

Terry J. Crawford

Marcus A. Dockery

Colleen D. Graham

E. Michael Jordan

Marc B. Schoeni

Laura A. Sivak

Kellie J. Walls

 

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AI News

 

Appraisal News Online sports new look

 

The Appraisal News Online Newsletter has a new look and will now be delivered weekly in order to keep you even more up-to-date on all the latest industry news. The electronic newsletter is free and provides continuing updates on industry trends, legislative issues, and regulatory developments as well as information on membership and educational opportunities. Be sure to sign up today by logging onto http://www.appraisalinstitute.org/ano/contents.aspx.

 

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New Podcast and Upcoming Webinar feature latest on HVCC

 

AppraiserCAST is featuring a new podcast on the pending Home Valuation Code of Conduct (HVCC). Listen as Bill Gerber, Director of Government and External Relations, provides an update on recent legislation as well as its potential impact on the appraisal industry. To hear this and other podcasts, log onto http://www.appraisalinstitute.org/profession/podcast.aspx.

 

Also, watch for the upcoming three part Appraiser Independence Webinar Series which will further discuss HVCC as well as other hot topics such Regulation Z (Truth in Lending Act) and Federal Housing Administration appraisal reforms. Details and online registration will be available soon through the Appraisal Institute at www.appraisalinstitute.org.

 

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Fast-Track Audit Seminar Training scheduled for October 17-18, 2008


FAST is designed as an expeditious way of approving instructors for multiple seminars over two days of presentations, where abbreviated versions of seminars will be offered.  A total of 12 different seminars will be represented, with two seminars offered during each two-hour time slot.  You could be approved to teach up to seven seminars! Just mark
October 17-18, 2008 on your calendar and plan to take your choice of these popular seminars: 

·         Office Building Valuation: A Contemporary Perspective

·         Condominiums, Co-ops, and PUDs

·         Reviewing and Underwriting Residential Appraisal Reports

·         REO Appraisal: Appraisal of Residential Property Foreclosure and Preforeclosure

·         Subdivision Valuation: A Comprehensive Guide to Valuing Improved Subdivisions

·         Forecasting Revenue

·         Analytics with the Site to Do Business

·         Scope of Work: Expanding Your Range of Services

·         Appraisal Challenges: Declining Markets and Sales Concessions 

·         Introduction to FHA Appraising: What Appraisers Need to Know about HUD Policies, Procedures, and 2008 Roster Eligibility

·         Appraisal of Local Retail Properties

·         Quality Assurance in Residential Appraisals: Risky Appraisals = Risky Loans


Event Details:  
Location: Courtyard by Marriott Downtown/River North, 30 East Hubbard,
Chicago, IL Enrollment fee: $600
Special Hotel Rate: $219 room rate guaranteed until
September 19, 2008
 
For more information and/or to register go to: http://www.appraisalinstitute.org/myappraisalinstitute/membersonly/restrict/instructors/FastTrackApp.pdf.
 
If you have any questions, e-mail tmendoza@appraisalinstitute.org or call 312-335-4481.

 

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Continuing Education

 

November 14, 2008 - Supporting Capitalization Rates Seminar

Departing from an emphasis on theory and mathematics, Supporting Capitalization Rates focuses on practical ways to incorporate judgment and market experience into the rate selection process. The full day course will focus on the theme that a well-supported capitalization rate takes into account market activity, is tested for reasonableness, and demonstrates the appraiser’s consideration of the relevant factors that affect the property.

 

Event Details:
Instructor: Vincent M. Dowling, MAI, SRA  
Attendance Hours: 7.0 
Schedule: Registration begins at
8:30am. Seminar is from 9am-5pm with one hour lunch (on your own).
Location: Universities at Shady Grove, 9630
Gudelsky Drive, Rockville, MD 20850
Registration Fees:
$ 175.00 AIDC Member (by Aug 26; $195.00 thereafter)
$ 195.00 Non-Member (by Aug 26; $215.00 thereafter)

Register online at http://www.appraisalinstitute.org/education/more_info.aspx?id=10700.

 

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December 12, 2008 - 7-Hour National USPAP Update Course

 

This one-day update course, copyrighted by The Appraisal Foundation, focuses on recent changes to USPAP requirements for ethical behavior and competent performance by appraisers.

 

Event Details:

Instructor: David C. Lennhoff, MAI, SRA 

Attendance Hours: 7.0 

Schedule: Registration begins at 8:30am. Seminar is from 9am-5pm with one hour lunch (on your own)

Location: Universities at Shady Grove, 9630 Gudelsky Drive, Rockville, MD 20850

Registration Fees:

$ 175.00 Member (After Dec 02, 2008: $ 20.00 Member Late Fee)

$ 195.00 Regular (After Dec 02, 2008; $ 10.00 Regular Late Fee)

Register online at http://www.appraisalinstitute.org/education/add2cart.aspx?id=10838

 

Be sure to keep up to date on all training classes and seminars scheduled by visiting our website at http://www.appraisalinstitutedc.org/index.html.

 

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Appraisal Institute – DC Metro Chapter

c/o Mariner Management - P.O. Box 1046 - Laurel, MD 20725-1046

301-924-1020