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Capital Update
June 29, 2016
In this issue...

Appraisal Opportunities Webinar

45-Day Notice

Exposure Draft of the Proposed Guide Note

Coming Education

Regional News

WMATA RFQ
Coming Education

September 16 - The Discounted Cash Flow Model: Concepts, Issues, and Applications

October 6-7 - Fundamentals of Separating Real Property, Personal Property, and Intangible Business Assets

November 4 - FHA Appraising for Valuation Professionals: FHA Single Family Housing Appraisal Requirements

November 17 - 2016 Class B Real Estate Update & Chapter Dinner – McLean, VA Details to come.

December 15 - 7-Hour National USPAP Update Course

December 16 - Business Practices & Ethics

Also coming in 2016 (dates/locations TBD)

Dodd-Frank: Options and Obstacles for Appraisers

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WMATA RFQ

Please be advised that a Request for Qualifications (RFQ 16-01) for real estate appraisal services is now posted on WMATA’s website. Click here for details.

Competitive procedures require that all inquiries/questions be submitted through realestate@wmata.com.

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Appraisal Opportunities Webinar
Thursday, July 14

Making Connections Work for You!

Thursday, July 14, 2016 * 11:30am – 12:15pm
 Are you looking for ways to…

  • Boost your career and your business in appraising?
  • Connect with the right people?
  • Make those connections work for you? 
If so, then you’ll want to sign up for AIDC’s Career Opportunities Webinar on Thursday, July 14. Molly Skipper, Associate & Networker Extraordinaire, Valbridge Property Advisors will guide you in a 45- minute session where you’ll learn…
  • Where to go to make the right connections;
  • How to approach and quickly develop a rapport with individuals who can help you move ahead;
  • How to follow-up to ensure you stay on that individual’s radar screen; and
  • How to convert those connections into career opportunities.

Click here to sign up today. Free to Appraisal Institute Members!

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45-Day Notice of Proposed Amendments to AI Bylaws and Regulation No. 8

At its July 28-29, 2016 meeting in Charlotte, North Carolina, the Appraisal Institute Board of Directors will consider proposed amendments to Appraisal Institute Bylaws and Regulation No. 8, concerning Practicing Affiliate Chapter Service.

If you have any comments on the proposed changes, please contact your elected Directors and/or send your comments via email to 45daynotice@appraisalinstitute.org. Comments sent to this email address will be compiled for distribution to the Board of Directors prior to the Board meeting.

Click here to view the 45-Day Notice.

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AI Exposure Draft of the Proposed Guide Note: Arbitration

Arbitration is a form of dispute resolution. In arbitration, the parties to a dispute agree to present their case to one or more arbitrators who then render a final, and usually binding, decision to resolve the dispute. Clients often retain real estate valuation professionals ("Valuer" or "Valuers") to provide services in arbitration matters as either arbitrators or expert witnesses.

Both real estate valuation professionals and their clients would benefit from guidance concerning the following questions:
  • What services can a real estate valuation professional provide in an arbitration matter; and
  • What valuation standards and ethical rules, if any, apply to an arbitration matter?
The Professional Standards and Guidance Committee (PSGC) developed a proposed Guide Note that provides guidance relating to arbitration that can be useful for both valuation professionals and their clients.  The Preamble to the Appraisal Institute Code of Professional Ethics and Standards of Professional Appraisal Practice states that Guide Notes are not part of the Standards but provide guidance on how the Standards may apply to specific issues.

The Board of Directors directed distribution of an Exposure Draft of the proposed Guide Note on arbitration to Designated Members, Candidates, Practicing Affiliates and Affiliates for review and comment.  Click here to view proposed Guide Note.  If you have any comments on the Exposure Draft, please send your comments via e-mail to guidenote@appraisalinstitute.org. Comments sent to this e-mail address will be compiled for distribution to and review by the PSGC and the Board of Directors.  The deadline for submission of comments is July 5, 2016.

The PSGC will consider the comments received and decide whether to recommend to the Board of Directors any revisions to the Exposure Draft. The Board then will consider whether to adopt the proposed Guide Note as presented in the Exposure Draft, to adopt a revision of the proposed Guide Note or to take some other action.

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Regional News Click here for more....

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Online Education: Learn at your own pace anytime, anywhere. Top-notch Appraisal Institute courses and seminars come straight to your desktop with online education! Learn from any computer anywhere, whenever you have time. It’s easy, convenient and a great way to get the education you want. Check out the current course listing now!

Our mailing address is:
Washington DC Metro Area Chapter of the Appraisal Institute
c/o Mariner Management
11804 Bare Sky Lane
Columbia, MD 21044

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