Appraisal Institute - Chapter Title

7 Hours of State approved CE

Objectives:
-Recognize inconsistencies with the definition of market value and the need to stay consistent with the type of value opinion developed.
-Understand how the highest and best use decision drives the remainder of the appraisal process and how to stay consistent with highest and best use.
-Determine what constitutes functional and external obsolescence and how to maintain consistency with both in all three approaches.
-Complete a thorough, meaningful, and consistent reconciliation.

Description
Appraisals or reviews of the most experienced appraisers can have inconsistencies in data, analysis, and reporting. This fast-paced and thought-provoking seminar focuses on significant inconsistencies that can have a major impact on the credibility of the appraiser as well as the value opinion. It will bring to light inconsistencies that can affect any part of the appraisal process including the definition of market value, highest and best use, the three approaches, functional and external obsolescence, and reconciliation. Eye-opening discussions and practical problems (including ag problems) will keep you interested and engaged throughout the day.

Additional Information

The course is offered at Rockford Area Association of Realtors 'NEW' location at 1161 Tebala Blvd., Rockford, IL. It is in the same building as the Upper Iowa University campus in Rockford. Coffee, water and soda will be provided. FREE Parking. The large classroom will allow for spreading out and masks are optional. Local mandates will be followed if any. Lunch will be on your own. There are numerous restaurants and hotels within a short drive of the classroom location.

Click here to be taken to the AI web site for further information or to Sign Up.

Past 2022 Educational Offerings

Assessment Appeal Appraisal Report Writing

Instructor:	Bruce Darata, MAI & Peter Helland, MAI, AI-GRS
Date:	November 1st, 2022
Location:	Rockford Area Realtor Association Offices
	1161 Tebala Blvd
	Rockford, IL 61108

Assessment Appeal Report Writing is a 7 hour class on writing an assessment appeal report.

Objectives
 Gain competency in assessment appeals.
 Exposure to residential and commercial case studies
 Have the tools to prepare reports that are litigation-ready.
 Gain insight into what the reviewers (ie, assessors, county boards, PTAB officials, etc) are looking for

National Disclaimer
This Educational Program was developed and organized by the Appraisal Institute Chapter offering the Program with the intent of addressing topic(s) of current local interest solely for educational and informational purposes. The Appraisal Institute national organization was not involved in developing or organizing the Program. The content of this Program, including but not limited to any written materials and presenter comments, does not represent the viewpoint of the Appraisal Institute (defined as including but not limited to, the national organization, its Regions, Chapters, members, candidates, affiliates and staff) unless formally adopted by the national Board of Directors. Further, the Appraisal Institute has not peer-reviewed or approved the content of the Program and does not warrant the accuracy or timeliness of the content of the Program. The content of the Program is subject to court decisions and local, state and federal laws and regulations and any such revisions of such laws and regulations. This Program is presented with the understanding that the Appraisal Institute is not engaged in rendering legal, accounting or other professional advice or services. Nothing in the Program is to be construed as the offering of such advice or services. If expert advice or services are required, attendees and readers are responsible for obtaining such advice or services from appropriate professionals.

Additional Information

The course is offered at Rockford Area Association of Realtors 'NEW' location at 1161 Tebala Blvd., Rockford, IL. It is in the same building as the Upper Iowa University campus in Rockford. Coffee, water and soda will be provided. FREE Parking. The large classroom will allow for spreading out and masks are optional. Local mandates will be followed if any. Lunch will be on your own. There are numerous restaurants and hotels within a short drive of the classroom location.

This seminar is Sponsored by the Chicago Chapter of the Appraisal Institute (CCAI.org)

Click here to be taken to the AI web site for further information or to Sign Up.

2022-2023 7-Hour National USPAP Update Course

Instructor:	James Coutts, SRA
Date:	April 21, 2022
Location:	DeSoto House Hotel
	230 South Main St
	Galena, IL 61036

This one-day update course, copyrighted by The Appraisal Foundation, This USPAP update course is needed by Illinois Appraisers prior to 6/30/2022. You will need your 2020-2021 USPAP manual either hard copy or electronic copy as we will be utilizing it during the course. You will be choosing upon registration hard or electronic copies of the Student Manual for the 2022-2023 Update course and USPAP Reference Manual. Printed materials will not be available at the course location. This course focuses on ethical behavior and competent performance by appraisers. The course, which clarifies several commonly misunderstood aspects of USPAP, will aid participants in all areas of appraisal practice seeking updated competency in USPAP, including those subject to state licensing or certification and continuing education requirements imposed by professional organizations, client groups, or employers.

Appraisers must successfully complete the 7-hour USPAP Update Course every two years to meet the USPAP continuing education requirement.

NOTE: Course price does not include a copy of the 2020-2021 USPAP edition, which is required for course credit. Participants must bring their own copy of the USPAP edition to class. The Appraisal Foundation has voted to extend the effective date of the 2020-2021 USPAP through December 31, 2022 (effectively unchanged). You will sometimes see this edition referred to as the 2020-2022 USPAP. You will need a copy of USPAP that is in effect when you take your course (2020-2021). If you already have the current edition, you won’t need a new copy. The Real Property Appraiser Qualification Criteria has required, since 2003, each appraiser to “successfully complete the 7-Hour National USPAP Update Course, or its AQB-approved equivalent, every two calendar years.” The requirement to take the 7-hour course is not tied to the effective date or length of the effective dates of the current edition of USPAP.
In other words, appraisers are still required to attend a USPAP update course every 2 years, regardless of whether or not USPAP has been updated or changed.

Course Materials Include:
Course Handbook (82 pp.)
Reference Manual (116 pp.)

Participants must bring their own copy of the USPAP edition to class.
To purchase a copy of the 2020/21 USPAP publication, please visit The Appraisal Foundation website.

Additional Information

This course is offered at the historic Desoto House Hotel in downtown Galena, Illinois. Convenient to north east Iowa, south west Wisconsin and northern Illinois this is an enjoyable location with fee parking and shopping nearby. A lunch is included as well as coffee and water. Reasonably priced rooms are available if traveling any distance or wanting to make this a destination visit.

If you are an Illinois certified appraiser, you will need to Complete this class before June 30, 2022.

Click here to be taken to the AI web site for further information or to Sign Up.

Midwest Easement Seminar

Instructor:	Joseph E. Batis, MAI, AI-GRS, R/W-AC
Date:	May 12th, 2022
Location:	Rockford Area Realtor Association Offices
	1161 Tebala Blvd
	Rockford, IL 61108

7-hour Easement Seminar Intended For Appraisers, Attorneys, Real Estate Brokers, Title Insurance Claim Representatives, ROW Managers, Arbitrators, Land Acquisition Agents

SOME OF THE VALUATION ISSUES COVERED FOR REAL ESTATE APPRAISERS
-Understanding grantor’s and grantee’s rights and obligations / multiple line rights / blanket easements and easement releases / construction and crossing requirements / use of the easement area by the owner
-Identifying critical ROW issues / compliance with USPAP requirements
-Easements within easements / separating the captured value elements / overlapping v. contiguous v. gaps between easements / parallel v. crossing easements / depth of pipelines and size of pipelines
-The impact of construction techniques: current v. historic practices / regulatory and testing requirements
-Necessity of relevant market data – what is relevant, how to obtain, how to verify
-Impacts of easements to remainder property (whole property) – damage issues

Identify strengths and weaknesses of appraisal reports
 Recognize unfounded/unsupported valuation/damage claims
 Distinguish market evidence from “experience”
 Identify speculation, bias, lack of objectivity
 Awareness of appraisers’ ethical obligations for impartiality
 Recognize technical and geographical (market) competence

National Disclaimer
This Educational Program was developed by an outside party. The Appraisal Institute Chapter made arrangements for the Third-Party to offer the Program with the intent of addressing topic(s) based on a certain chapter or local need for such topic, solely educational and informational purposes. The Appraisal Institute national organization was not involved in developing or organizing the Program and does not endorse the Program or its content. The content of this Program, including but not limited to any written materials and presenter comments, does not represent the viewpoint of the Appraisal Institute (defined as including but not limited to, the national organization, its Regions, Chapters, members, candidates, affiliates and staff) unless formally adopted by the national Board of Directors. Further, the Appraisal Institute has not peer-reviewed or approved the content of the Program and does not warrant the accuracy or timeliness of the content of the Program. The Appraisal Institute does not publish examination review materials. The content of the Program is subject to court decisions and local, state and federal laws and regulations and any such revisions of such laws and regulations. This Program is presented with the understanding that the Appraisal Institute is not engaged in rendering legal, accounting or other professional advice or services. Nothing in the Program is to be construed as the offering of such advice or services. If expert advice or services are required, attendees and readers are responsible for obtaining such advice or services from appropriate professionals.

Additional Information

The course is offered at Rockford Area Association of Realtors 'NEW' location at 1161 Tebala Blvd., Rockford, IL. It is in the same building as the Upper Iowa University campus in Rockford. Coffee, water and soda will be provided. The large class room will allow for spreading out and masks are encouraged and local mandates will be followed if any. Lunch will be on your own. There are numerous restaurants and hotels within a short drive of the classroom location.

This seminar is Sponsored by the Chicago Chapter of the Appraisal Institute (CCAI.org)

Click here to be taken to the AI web site for further information or to Sign Up.

2022-2023 7-Hour National USPAP Update Course

Instructor:	James Coutts, SRA
Date:	May 19, 2022
Location:	Rockford Area Association of Realtors
	6776 East State Street
	Rockford, IL 61108

The course is offered at Rockford Area Association of Realtors 'NEW' location at 1161 Tebala Blvd., Rockford, IL. It is in the same building as the Upper Iowa University campus in Rockford. Coffee, water and soda will be provided. The large class room will allow for spreading out and masks are encouraged and local mandates will be followed if any. Lunch will be on your own. There are numerous restaurants and hotels within a short drive of the classroom location.

If you are an Illinois certified appraiser, you will need to Complete this class before June 30, 2022.

Click here to be taken to the AI web site for further information or to Sign Up.

Rural Valuation Basics

Instructor:	Jeffrey Jacobson, MAI, SRA
Date:	POSTPONED
Location:	DeKalb County Farm Bureau
	1350 W. Prairie Dr.
	Sycamore, IL 60178

This 7-hour seminar teaches residential and commercial appraisers the fundamental skills they will need to complete rural appraisal assignments. Instruction focuses on land mix analysis, valuing improvements with extraction and allocation, and developing adjustments. Participants will learn how to find and analyze comparable sales and apply the data that is available in rural markets to support a credible opinion of value. Excel spreadsheets and real-world examples will be provided.

Upon completion of this course, participants should be able to:

-Identify the characteristics of rural properties that affect value
-Locate data sources for rural properties
-Find the best data available in markets that have limited data
-Analyze information on properties with different land mixes
-Value properties with multiple improvements
-Use soil mapping tools
-Develop the sales comparison approach using land and building mix analyses

NOTE: Required
• Laptop loaded with Microsoft Excel 2007 or 2010.
• HP-12C calculator, or other financial calculator. Note that keystrokes will be shown using HP-12C.
• Basic knowledge of appraisal principles and procedures .

This new seminar is being offered at the Dekalb County Farm Bureau Building. Check-in will be from 8:00 a.m. to 8:30 a.m. Class will run from 8:30 a.m. to 4:30 p.m. The facility is easily accessible from I-88 and there is ample on-site FREE parking. Avoid big city traffic and high parking fees! Modern hotel accommodations are readily available within one mile.

Click here to be taken to the AI web site for further information or to Sign Up.

More Information on Appraisal Institute Education

State Approvals - Course and seminar approvals are updated on a regular basis. Check approvals in your state .

Scholarships - The Appraisal Institute Education Trust offers several scholarship programs. View details and download applications .

Explore a Career in Real Estate Valuation - Interested in exploring a challenging, dynamic career in real estate valuation? Find out how to start your career .

Educational Requirements for Appraisal Institute Designations - For a summary of requirements for our MAI and SRA designations, view the MAI/SRA requirement charts .

Continuing Education (CE) - The Appraisal Institute offers programs that fulfill both state and Appraisal Institute CE requirements. View answers to frequently asked CE questions .

Nationwide Education Programs - To view education programs offered throughout the United States, click here .

Resources Catalog - Stay on top of the Appraisal Institute's latest educational offerings, publications and other resources - flip through our current Resources Catalog .

Current and Upcoming

2023 Education Offerings

Past 2022 Educational Offerings