Capital Update
September 2011 
Upcoming Education

October 6 - Legislative Update - Silver Spring, MD - Click here for details.

November 15 - Real Estate Update - Arlington, VA - Click here for details.

November 17 - Residential Curriculum Update - Rockville, MD
Click here for details.

November 17-18 - General Curriculum Update - Rockville, MD
Click here for details.

December - Appraisers Roundtable - TBD

December 15 - 7-Hour USPAP Update - Herndon, VA
Click here for details.

December 16 - Business Practices & Ethics - Herndon, VA
Click here for details.

Welcome New Members

Lillian Moy
Dawn Wyllie

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."

2012 AIDC Board Elections

Congratulations to the following individuals who have been elected to the 2012 Board of Directors.

President (Term Expires 12/31/2012)
Donald S. Boucher SRA
President
Boucher & Boucher, Inc.

Vice President (Term Expires 12/31/2012)
Jerrold Harvey MAI
Managing Director
CB Richard Ellis, Inc.

Treasurer (Term Expires 12/31/2012)
Thomas J. Shields MAI
VP/Regional Manager
Joseph J. Blake and Associates, Inc.

Secretary (Term Expires 12/31/12)
Robert G. Johnson  MAI
President
JMSP, Inc.

Director (Term Expires 12/31/14)
David Fuller MAI
Principal
HVS International

Director (Term Expires 12/31/14)
Stephen Rochkind
President
Area Appraisal Services, Inc.

Director (Term Expires 12/31/14)
Melanie Sieger, MAI, MSRE
VP, Review Appraiser
Real Estate Services Unit
CapitalSource Bank

For your information, the following individuals will remain on the board completing terms as indicated.

Past President (Term Expires 12/31/2012)
Stephen M. Santora MAI
Vice President / Manager
Wells Fargo Bank

Director (Term Expires 12/31/2013)
Dennis J. Duffy MAI
Principal/CEO
RCDH & Co.

Director (Term Expires 12/31/13)
Mark Lassere MAI
Managing Director
Concordis Valuation

Director (Term Expires 12/31/13)
Mary L. Schweitzer
Certified General Appraiser
Bruce W. Reyle & Company, Inc.

Director (Term Expires 12/31/2013)
Greg M. Worman MAI        
Senior Real Estate Appraiser
CB Richard Ellis
 

 

In This Issue

2012 AIDC Education Survey - Your Opinion Counts!
AIDC Legislative Update & Chapter Meeting - October 6
Recent Changes in MRIS Public Record Reports for DC and Fairfax County
New Members
Want to Boost Your Income? Become a Designated Member!
2012 AIDC Board Elections

2012 AIDC Education Survey 

Please share your education preferences in our brief survey. The results of this survey will help us ensure we deliver the programs most helpful to you in 2012. This survey should only take 10-15 minutes of your time and your answers will be completely anonymous.

Click here to get started. Thank you!

(http://www.surveymonkey.com/s/YB8FKMR)

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AIDC Legislative Update & Chapter Meeting - October 6

Stay Ahead of the Curve!

Get the latest on new rules & regulations that will affect your appraisal procedures and business!

Thursday, October 6, 2011 * 4pm – 8-pm
Crowne Plaza Washington DC/Silver Spring
8777 Georgia Avenue 8 Silver Spring, MD 20910
www.crowneplaza.com/dcsilverspring * Map

Bill Garber, Director of Government and External Relations for the Appraisal Institute, will report on the Dodd-Frank financial reform bill and its implementation as well as other Federal legislation, rules or regulations affecting the valuation industry including:

  • The Interim final rule implementing the appraisal independence sections of the Dodd-Frank bill that were issued by the Federal Reserve Board including presumptions relating to “Customary and Reasonable” fees.
  • Dodd-Frank’s impact on commercial real estate
  • The new Consumer Financial Protection Bureau and what their duties and responsibilities will be relating to appraisal sections of the bill.
  • The recently issued report by the Government Accountability Office as well as a second report from the GAO required by the bill and due to be issued later this year.
  • The recently revised Interagency Guidelines.
  • Other bills, rules and regulations of interest to both commercial and residential appraisers.

Scott DiBiasio, Manager of State & Industry Affairs for the Appraisal Institute, will bring us up to date on laws being enacted in the various States including:

  • AMC legislation
  • BPO legislation
  • Attempts by some States to require appraisers not to consider and analyze distressed sales as comparables
  • Other legislation in the States, territories or jurisdictions of the United States affecting appraisers.

After attending these presentations, attendees will have a better understanding relating to local and national legislation, rules and regulations affecting their appraisal businesses and activities.

Chapter Meeting – After dinner, Appraisal Institute President, Joseph C. Magdziarz, MAI, SRA, will bring us up to date on all things AI for an information-packed evening you won’t want to miss!

Schedule:
3:30pm: Registration
4:00 – 6:00pm: Presentation
6:00 – 8pm: Networking, Dinner & Chapter Meeting

Registration Fee (Includes Dinner):
$45 – AIDC Members (Paid by October 5; $55 thereafter)
$60 – Non-Members (Paid by October 5; $70 thereafter)

Click here to register today!

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Recent Changes in MRIS Public Record Reports for DC and Fairfax County

Recent information obtained from the MRIS/MLS system indicates specific changes have been made with respect to data reported in MRIS public record reports for DC and Fairfax County. Don Boucher and Lin Hiley from the Chapter are involved in discussions with MRIS in an attempt to resolve this.  We are also involved in trying to establish a working group to interact with MRIS in assisting appraisers with data needed to complete the UAD form. The following summarizes the changes which have been made:
 
Washington DC:
 
D.C. zoning codes and descriptions in the Matrix Tax tab D.C. public records have been permanently deleted. The City does not have an electronic file with zoning codes / descriptions information. The City has advised MRIS that the only way to verifiably and accurately obtain a D.C. zoning code and description for a property is to search three City government web sites. MRIS makes those sites available in “Local Known Issues” in the MRIS web site in the Washington, D.C. Public Records page. The following link offers instructions about how to obtain a current Washington, D.C. zoning code and description:
 
http://mris.com/mris-customers/public-records/jurisdiction-information/washington-dc
 
Fairfax County:
 
Information pertaining to measurements and basement square footage and finished square footage was permanently deleted from certain fields in the MRIS Fairfax County, Virginia public records in the Matrix Tax tab. It was done so under advisement of the Fairfax County government. Appraisers, GSE's and lenders should consider looking to the County for physical property records or by whatever other means the County can provide such information.
MRIS Note: MRIS public record reports should not be used as the source of authority by lenders as part of the loan process and by appraisers when preparing formal appraisal reports.

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