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Capital Update
March 10, 2016
In this issue...

Green Building & Property Value

Supervisory Appraiser/Trainee Appraiser Course

VREAB Publishes Fee Guidance

Coming Education

Regional News
Coming Education

April 12 - Supervisory Appraiser/Trainee Appraiser Course

May 12 - Career Opportunities Workshop & Chapter Dinner Details to come

May 16-17 - Application & Interpretation of Simple Linear Regression

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

December 15 - 7-Hour National USPAP Update Course

December 16 - Business Practices & Ethics

Also coming in 2016 (dates/locations TBD)

Networking Webinar and Workshop

Career Development for Candidates (& Chapter Dinner)

Development or Class B Real Estate Update (& Chapter Dinner )

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Green Building & Property Value

The Appraisal Institute and the Institute for Material Transformation recently published an extensive report regarding the impact of green, high performance, and energy-efficient features on property valuation. The report provides guidance regarding how green, high performance characteristics and data can be used by appraisers to help fully maximize valuation.

Click here to view the full report.

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Supervisory Appraiser/Trainee Course - April 12

If you entered into a new supervisor/trainee relationship after January 1, 2015, you must take a Supervisory/Trainee Course per the 2015 Real property Appraiser Qualifications Criteria. The Appraisal Institute’s four-hour course addresses the national minimum requirements, responsibilities, and expectations for Trainee Appraisers and Supervisory Appraisers that are included in the AQB’s required course outline.

Click here for course details and registration.

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VREAB Publishes Fee Guidance

The Virginia Real Estate Appraiser Board recently published a guidance document regarding customary and reasonable compensation for fee appraisers. The guide dictates that licensed Appraisal Management Companies (AMCs) must provide customary and reasonable compensation to fee appraisers.

AMCs are presumed to comply with this requirement by compensating fee appraisers in an amount that is reasonably related to recent rates paid for comparable appraisal services performed in the geographic market of the property being appraised.  In determining this amount, AMCs must review the following factors and make any adjustments to recent rates paid in the relevant geographic market to ensure the compensation is reasonable:
  1. the type of property;
  2. the scope of work;
  3. the time in which appraisal services are required to be performed;
  4. fee appraiser qualifications;
  5. fee appraiser experience and professional record; and
  6. fee appraiser work quality. 
AMCs must not engage in any anti-competitive acts in violation of state or federal law that affect the compensation paid to fee appraisers. 

Click here for the full document.

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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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