The finest in appraisal education, professional development, and networking opportunities.

The finest in appraisal education, professional development, and networking opportunities.

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Appraiser Diversity Initiative

Appraiser Diversity Initiative

January 20, 2022

Are you interested in becoming an appraiser? Find out more about requirements and scholarship opportunities with this free webinar.

CCAI 2022 Installation Dinner

You are invited to the CCAI 2022 Installation Dinner at Ditka’s in Oak Brook on January 21.

2022 courses

2022 CCAI Class Schedule

The 2022 CCAI schedule is starting to fall into place. Some classes are already posted and more are coming. Don’t wait until the last minute for your CE.


Appraisal Institute National Update Bulletin

AI News

Restaurant Valuation Requires Diligent Highest and Best Use Analysis: The Appraisal Journal
Fri, 07 Jan 2022 08:30:00 GMT

Appraisers who value restaurant properties should fully understand the opportunities and risks inherent in restaurant operations and how these factors affect real property value, according to an article published this week in The Appraisal Journal.

Pledger M. (Jody) Bishop III to Become President of Appraisal Institute on Jan. 1
Tue, 28 Dec 2021 08:00:00 GMT

Pledger M. (Jody) Bishop III, MAI, SRA, AI-GRS, of Mt. Pleasant, South Carolina, will begin his one-year term as president of the Appraisal Institute on Jan. 1.


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Industry News

Single-tenant Net Lease Cap Rates Up: The Boulder Group
Thu, 13 Jan 2022 08:30:00 GMT

Cap rates in the single-tenant net lease sector increased slightly during the fourth quarter to 5.88% for retail and 6.77% for industrial, while net lease office remained unchanged at 6.80%, according to the Q4 2021 Net Lease Market Report released Jan. 6 by The Boulder Group. A limited supply of pr [...]

State Attorneys General Target FHA Loan Violations
Thu, 13 Jan 2022 08:30:00 GMT

Attorneys general from 20 states have accused mortgage servicers employed by Federal Housing Administration-approved lenders of failing to properly implement loan modification options, including options to reduce principal and interest, that the agency introduced in July, according to a Dec. 21 lett [...]


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Upcoming Events

Instructor Spotlight

Tom Hamilton, PhD, MAI, CCIM, CRE, FRICS

Tom Hamilton, PhD, MAI, CCIM, CRE, FRICS is the Fogelson Distinguished Chair at Roosevelt University's Chicago School of Real Estate and founder and president of Karvel-Hamilton Real Estate Analytics. For over 20 years Dr. Hamilton has taught graduate and undergraduate real estate valuation courses, and for 30 years he has conducted valuation and appraisal services for the telecommunication and public utility industries and for numerous local and state agencies in the valuation of real property. Dr. Hamilton holds a BS, MS and a PhD (Real Estate) from the University of Wisconsin-Madison and an MS (Finance) from the University of Wyoming...

Jeff Jacobson, MAI, SRA

Jeff Jacobson, MAI, SRA is Vice President at Jacobson and Associates, Real Estate Appraisals and Consulting, in Sycamore, Illinois. During his 25+ years in the valuation and consulting of real estate, Jeff has extensive experience as an appraiser, consultant, expert witness, and investor. Jacobson is an approved instructor for the Appraisal Institute and the State of Illinois and actively teaches qualifying education courses including the Supervisory Appraiser/ Trainee Appraiser Course, Income Capitalization, among others. Jeff earned his Bachelor of Science degree from Bradley University in Business Management and Administration with a minor...

Joe Mags, Joseph Magdziarz, MAI, SRA, AI-GRS, AI-RRS

Joe Mags, Joseph Magdziarz, MAI, SRA, AI-GRS, AI-RRS has been an active instructor for AI for the past three decades. He was the 2011 National President and has served on the Education Committee in many capacities including Chair. Joseph is qualified to facilitate numerous courses and seminars.

Joe Wallace, MAI

Joe Wallace, MAI, is the Co-Founder and Managing Partner, at Praedium Valuation Group (PVG), which is headquartered in Chicago, IL. Mr. Wallace began PVG in 2001 and today the firm has a diverse service offering, which includes commercial valuations, residential valuations, litigation support and consulting services. PVG's clients include attorneys, developers, title companies, mortgage lenders and public agencies, as well as corporate and institutional owners and investors.

John Urubek, MAI, CCIM

John Urubek, MAI, CCIM has been an appraiser for 40+ years and heavily involved in the Appraisal Institute's educational system for more than three decades. He is now approved to teach all general level and all advanced level courses needed to become an MAI. On a national level, he has served on the Curriculum, Body of Knowledge, and Education committees. Presently, he serves on the Board of Directors for the Chicago Chapter of the Appraisal Institute. He is a recipient of the national President's Award and the President's Award for the Chicago Chapter. He was extremely honored when inducted into the Instructor's Hall of Fame for the Chicago Chapter...

Kerry M. Jorgensen, MAI

Kerry M. Jorgensen, MAI is an active real estate appraiser and owns a small firm in Utah. He has been an instructor for the Appraisal Institute for more than 30 years and has served that organization as a chapter president and on the national board of directors, as well as on numerous committees and project teams. He has authored courses and seminars and is a contributor to the current editions of The Appraisal of Real Estate and The Dictionary of Real Estate Appraisal. Among his awards and honors are the 2014 Armstrong-Kahn Award - For Outstanding Original Article in the Appraisal Journal, the 2015 Dr. William N. Kinnard, Jr...

Randall Neff, MAI, SRA

Randall Neff is a partner in Neff Valuation Group in Peoria, Illinois. Neff Valuation Group is a diverse practice that completes valuations of residential, multifamily, commercial and industrial properties for a variety of client types. Randall has been an appraiser since 1982, primarily involved in the valuation of commercial and industrial properties. He has been an instructor for approximately 20 years.

Member Benefits

Y.T. & Louise Lum Library

Enjoy 24/7 access to a world class research library. Select from thousands of articles, documents, industry research and more.

Find an Appraiser

Become a part of AI's comprehensive appraiser database that lists AI professionals from all over the world. It has become an indispensable resource to those seeking valuation services, as well as a source of business for appraisers themselves.

Career Center

Utilize the AI Career Center which serves as a resource for job seekers and employers alike, specializing in opportunities in the field of real estate appraisal.

AI Business Tools

Market and increase the visibility of your business with business cards and self-promotion templates highlighting your AI designation. Access report writing tools and resources on common appraisal business practices.

Education and Publications

Globally recognized education and texts at substantial savings

Industry Tools

State of the art commercial software products and support services to make your practice more productive

Annual Conference

Join your colleagues and AI thought leaders at this 3-day education conference and expo.

Leadership Development and Advisory Council (LDAC)

The Leadership Development & Advisory Council (LDAC) is a group of dedicated appraisers who come together once a year in Washington, D.C., to formulate solutions to problems and challenges faced by the appraisal profession.

Chapter Leadership Program

Don’t miss this valuable, information-packed event. A must attend event for: Incoming chapter presidents (attendance required), Chapter Executive Directors, other Chapter Officers, Executive Council Members and Committee Chairs.

Communities of Practice

Discuss hot topics, exchange ideas, share documents and other resources, and stay connected to your colleagues.

Leadership Resource Registry

Gain leadership skills and experience by volunteering to serve at the local, regional or national level.

AI Support Services and Charitable Entities

Services to support you and opportunities to support the profession

Insurance

Safeguard your practice and family through our partner programs selected expressly for you

Business Services and Other Discounts

Discounts on office support services, travel, AI apparel & more

Find An Appraiser

Search the Appraisal Institute's comprehensive appraiser database that lists professionals from all over the world. It has become an indespensible resource to those seeking valuation services, as well as a source of business for appraisers themselves.

This Directory lists real estate appraisers who are Designated Members, Candidates for Designation, or Practicing Affiliates of the Appraisal Institute.

Designated members who hold the MAI, SRPA, SRA, AI-GRS and AI-RRS designations have met rigorous requirements relating to education, experience and demonstration of knowledge, understanding and ability.

Find an Appraiser

What Our Members Say

"The Chicago Chapter of the Appraisal Institute offers the best real estate appraisal education in the industry. The Chapter offers many gatherings, ranging from meetings, seminars, classes and social events which allowed me to meet and mingle with like minded professionals and expand my network"

-David Binz, SRA

"Being a designated member has opened many doors. I get inquiries from all around the country looking for work from MAI's. I have also made many friends and have enjoyed the classes and seminars. I think anyone involved in the real estate industry would benefit working with AI. The Chicago Chapter of the Appraisal Institute is a comfortable facility with a friendly and knowledgeable staff."

-Bruce Darata, MAI

"CCAI has a proud history as being "the" innovative leader and influence in the Appraisal Institute. An aspiring appraiser cannot find a better environment or mentor network that encourage success. It offers outstanding opportunities in appraisal education and leadership. Many members have developed national fame for their specialties, published books and journal articles, seminars, and contributions to the profession. CCAI is truly a treasure. Nearing the end of my career, I personally realize the importance of CCAI in where I've been, what I've done, what I've learned."

-Richard C. Sorenson, MAI

"Whether just starting your career or already established, membership in The Appraisal Institute provides a wide variety of quality education options, consistently high ethical standards, and a variety opportunities to network with other appraisers, and related real estate and financial market participants."

-Karen T. Emerle, SRA

"Benefits of membership include up-to-date continuing education, opportunities to serve the appraisal professionals in the industry in various capacities, social interaction and access to a vast network of appraisal professionals. An MAI since 1984, and a member of the Chicago Chapter since1981, I strongly believe the Chicago Chapter of the Appraisal Institute could be an advantageous association for anybody who desires to be in the appraisal industry."

-Michael A. Wolin, MAI SRA

"The Appraisal Institute is the premier professional organization in the appraisal industry and the MAI designation is the most prestigious in the industry and widely recognized world-wide. The Chicago Chapter of The Appraisal Institute is an important appraisal industry organization that advocates for its members through educational services, legislative activities and social activities."

-John C. Satter, MAI

"Being a member of the Chicago Chapter of the Appraisal Institute has provided me with many wonderful networking opportunities with other appraisers from all over the country. Classes are offered at convenient locations both downtown and in the suburbs. The Chicago Chapter has provided me with an outstanding education through their vast offerings of qualifying education on my path to designation as well as continued education course offerings to help maintain my state licenses. I have made many great friends and colleagues at the Chicago Chapter, and am honored to be a part of this professional organization."

-Alexandra M. Meade, MAI, AI-GRS

"I joined the Chicago Chapter of the Appraisal Institute because of the excellent educational resources afforded members and the ability to speak with seasoned veterans of the Chicago Chapter of the Appraisal Institute. It is truly difficult to find fellow appraisers that truly understand the business and have such a depth of insightful knowledge. The Chicago Chapter is the proverbial North Star of chapters, in my opinion, as the depth of appraisal knowledge in the Chicago chapter runs from rural to urban properties and from nationwide to worldwide properties. Every commercial and residential appraiser would benefit from joining the Chicago Chapter just to be well informed and to have the ability to call a knowledgeable fellow appraiser for those complex assignments or insight into running a fee shop."

-Mark T. Gasick, SRA, AI-RRS

"The Chicago Chapter of the Appraisal Institute has been a great source of education to advance my career in the real estate appraisal industry. It also offers many opportunities for networking with my peers, as well as serving the organization."

-Cameron Rex, MAI

"The Chicago Chapter of the Appraisal Institute has established itself as one of the leading providers of appraiser education and training in the country, and actually the world. With the expansion and establishment of the four different designations, MAI, SRA, AI-GRS, and AI-RRS, education and training is more important than ever in the advancements of our careers as appraisers. Become a member of the Chicago Chapter and give some of your time and energy to make it great. It really is going to give back to you as much as you give to the organization and more. Whether it be sponsorships, or donations of time, it will make a difference in your life and career as an appraiser."

-Mark S. Whitsitt, SRA

"Prior to joining the Chicago Chapter, the leadership was very helpful to me, when I approached them with questions. So, I joined the chapter. Since joining, leadership opportunities have been made available to me that were not available at other chapters. I have also participated as a member. The members have been very supportive of me and helpful in my journey. I have enjoyed my time with the chapter members and hope to continue to do so."

-L. Stacy Letton, MAI, SRA

"As the owner of a small appraisal firm, I often struggle to find new opportunities to meet leaders and experienced appraisers in our industry. Becoming a member of the appraisal institute and getting involved in the chapter, has given me access to a vast network of these professionals, and has been the single greatest decision I have made as a leader, appraiser and a business owner."

-Sam Louise, Standard Valuation Services

"The Chicago chapter of the appraisal institute is a wonderful resource for continuing education and appraisal networking. I look forward to the annual conditions of the market seminar every year."

-Susan Z. Ulman, MAI

"Joining the Chicago Chapter of the Appraisal Institute was a defining moment in my career and over time has converted my business into a professional firm. The appraisal industry is changing and building strong relationships with other professionals is essential to staying ahead. Nowhere else can you find better real estate valuation experts."

-Kenneth J. Mrozek, Jr., MAI, SRA

"The Chicago Chapter’s website is my go-to resource in finding appraisers for my firm. In addition to being able to post available positions, I also can take a look at appraisers who are seeking work. This is a great resource available to Appraisal Institute members and affiliates."

-Kent D. Steele, MAI

"Becoming a member of the Chicago Chapter of the Appraisal Institute provided me an opportunity to network, as well as, employment opportunities. The majority of my employment opportunities were due to membership and access to the CCAI website. The benefits are surmountable when it comes to membership discounts on courses, educational offerings, employment postings, scholarship opportunities, etc. The Chicago Chapter of The Appraisal Institute is a professional powerhouse for real estate appraisers and other professional organizations of real estate services."

-Barbara Neal

"I have found the instructors at the Chicago Chapter and the fellow members are extremely willing to help others in this profession to succeed. Their help extends beyond the classroom into ones daily business practice. The Chicago Chapter of The Appraisal Institute has provided me with the tools to help me be better prepared for the challenges facing our profession. CCAI has been and continues to be made up of people who recognize a need and are willing to work to fill that need to improve the organization or a fellow member, often at great sacrifice to their own to their own needs."

-John G McMahon, SRA, AI-RRS

"The local chapter has the most comprehensive and frequent CE and QE offerings available to appraisers. The Staff at CCAI always WOW's the membership in customer service."

-Keith Wolf, SRA, AI-RRS

"The Chicago Chapter of The Appraisal Institute provides one of the largest networks of appraisers in the US. To be a part of the Chicago Chapter has not only benefitted person growth but professional growth as well. I believe any company would benefit with working with the CCAI. With an extensive membership and networking opportunities there is no limit to the cross impacts between business. The CCAI values its members and looks out for their best interests. To be as successful as it has been year over year is a testament to the strength its community."

-Kenneth Konrath, MAI

"I feel honored to be affiliated with what I considered to be some of the best appraisers in the country. The Chicago Chapter of the Appraisal Institute keeps me up to date with issues and I stay informed of the changes in the profession, some I even had to privilege of participating in their development. The Chicago Chapter gave me a good foundation for my career and has sustained me as I near retirement. But, one of the most important benefits are the relationships I developed with other members of the Chapter that have created lasting friendships."

-Sharon Bagby, SRA

"The Chicago Chapter of the Appraisal Institute provides high quality professional education, industry support, interesting social events and chances to become involved and meet with other appraisers. If you are looking to expand your appraisal knowledge and network with other appraisers, the chapter is by far the best option."

-Keith Solomon, MAI

Chicago Chapter of the Appraisal Institute Scholarships

These scholarships are funded by the Chicago Chapter of the Appraisal Institute. To learn more about the Chicago Chapter of the Appraisal Institute’s Scholarships visit this site. To make a donation or if you have any questions please contact Sarah Walsh at sarah@ccai.org.

Appraisal Institute Scholarships

These scholarships are funded by the Appraisal Institute Education Trust (AIET). To learn more about the AIET, visit the Appraisal Institute Education Trust. Or visit the Charitable Entities section to make a donation. Please email educationtrust@appraisalinstitute.org if you have any questions.

Newly Designated Members

MAI Members

MAI Members

Smedmore Montgomery Bernard, Jr., MAI

Abby C. Cain, MAI

Charles J. Crawmer, MAI

Marie-Danielle Faucher, MAI

Dana W. Floberg, MAI

Jacqueline L. Hujar, MAI, AI-GRS

Pedro Davi Jimenez, MAI

Salvatore A. Louise, MAI

Michael S. Lysien, MAI

Vytautas Norusis, MAI

Nina Audre Owen, MAI

Christy Simon Whitt, MAI

Jourdan E. Sullivan, MAI

John Clarence Wagner, MAI

 

 

 

 

SRA Members

SRA Members

 

AI-GRS Members

AI-GRS Members

Ibiyinka A. Aboyade-Cole, MAI, AI-GRS

Joseph E. Batis, MAI, AI-GRS

Robert D. Becker, MAI, SRA, AI-GRS

Joseph J. Calvanico, MAI, AI-GRS

Karen L Dabek, MAI, AI-GRS

Jacqueline L. Hujar, MAI, AI-GRS

Pedro Davi Jimenez, MAI, AI-GRS

Holly E. McQuestion, AI-GRS

John R. Yast, MAI, AI-GRS

 

        

AI-RRS Members

AI-RRS Members

Warren C. Grover, SRA, AI-RRS

Jacqueline L. Hujar, MAI, AI-GRS, AI-RRS

 

 

Chicago Chapter of The Appraisal Institute Newsletter

Get news and updates from the Chicago Chapter of the Appraisal Institute sent directly to you!

Click the button below to get started!

Job Board

Posted Jobs

Real Estate Review Appraisers

Thu, 23 Dec 2021 20:21:46 GMT

Work with the best commercial real estate team in the industry! As the largest financial institution and multifamily lender in the country, JPMorgan Chase is looking for well-seasoned Real Estate Review Appraisers who want to bring their significant expertise and knowledge to a team that specializes in multifamily and commercial appraisal assignments, with a strong emphasis on multifamily product ranging from 5 to 500 units. Hiring immediately! Email resume to: Maxine.woods@jpmchase.com

Maxine Woods
Maxine.woods@jpmchase.com


Certified General Appraiser or trainee

Mon, 20 Dec 2021 16:15:12 GMT

Roy R. Fisher is looking for a Certified General Appraiser or trainee. We are based in a far western Chicago suburb (Davenport, Iowa) where we’ve been proudly serving the Quad Cities, Western Illinois, and Eastern and Central Iowa for more than 90 years. We have built our reputation on a commitment to thorough research and concise, unbiased reporting, along with adherence to our industry’s strict code of ethics. (http://www.appraisalinstitute.org/assets/1/7/CPE.pdf) We are a smaller office, with one MAI (Mark Nelson) and two Certified General appraisers, one full-time support staff and some part-time administrative help. We serve local banks, national lenders, commercial property owners, attorneys and accountants. Our work includes a mix of mortgage finance, negotiation, estate planning, right-of way acquisition and litigation support, including a very successful history with property tax appeals, working for both taxing bodies and taxpayers in Iowa and Illinois.

Mark Fisher
marknelson@royrfisher.com


Commercial Appraiser Trainee

Mon, 20 Dec 2021 16:12:40 GMT

The Chicago Office of Integra Realty Resources, the nation’s largest independent valuation and consulting firm with Industry leading tools and technology is seeking a commercial appraiser trainee. This position will provide a solid valuation foundation with a path toward general certification. Responsibilities will initially include primary research of properties we are appraising plus comparable sales and leases. Compensation: • Competitive compensation; • Health, life, and disability insurance benefits; • 401(k) retirement plan with company match; and • Education and AI dues reimbursement to promote professional development Requirements: • 4 year college degree • Excellent analytical skills, attention to detail, written and verbal communication skills. • Excellent time management skills with the ability to balance multiple assignments with varying deadlines. • Advanced Microsoft Word and Excel skills. • Self-motivation with ability to work autonomously or as a team member.

Ron DeVries
rdevries@irr.com


Senior Commercial Appraiser

Mon, 20 Dec 2021 16:11:32 GMT

The Chicago Office of Integra Realty Resources, the nation’s largest independent valuation and consulting firm with Industry leading tools and technology is seeking a senior level analyst (commercial real estate appraiser) with the ability to complete complex appraisal assignments in a timely manner with minimal oversight. Senior Analysts perform real estate valuations and market analysis of individual properties as well as portfolios of properties for all property types. Specific duties include analysis of complex commercial real estate and production of commercial real estate appraisal reports. Knowledge of Argus is a plus. We provide significant research support to maximize your productivity and allow you to focus on the underlying analysis. Compensation: • Competitive compensation that rewards expertise and production; • Health, life, and disability insurance benefits; • 401(k) retirement plan with company match; and • Education and AI dues reimbursement to promote professional development Requirements: • Certified General Real Estate Appraisal License • Minimum of 3 years of commercial appraisal experience • Excellent analytical skills, attention to detail, written and verbal communication skills. • Excellent time management skills with the ability to balance multiple complex assignments with varying deadlines. • Advanced Microsoft Word and Excel skills. • Self-motivation with ability to work autonomously or as a team member.

Ron DeVries
rdevries@irr.com


Certified Commercial Appraiser

Fri, 10 Dec 2021 16:47:03 GMT

Commercial Appraiser Chicago area firm has opening for a commercial appraiser. Diverse, quality, Chicagoland client base provides long term stability and no travel requirements. We provide an extensive database, computer network, full support staff and competitive salary plan. Interested persons should have a degree in Finance, Accounting Real Estate or related business major. Send resume for confidential interview to see what we have to offer. Audrey Davis, Urban Real Estate Research, Inc., 316 North Michigan Avenue, Concourse Level, Chicago, Illinois 60601. Email urbanreal@urbanreal.com. Company Overview Urban Real Estate Research, Inc. was formed to offer a truly independent source for appraisals and consulting to groups making real estate decisions. We specialize in industrial, commercial, multi-family residential and special-purpose building assignments, providing service to distinguished clientele that includes corporations, law firms, financial institutions, developers, real estate companies and governmental agencies. Because we have no affiliation with any real estate firm, we assure our clients of objective, competent judgements on the value and utility of a real estate asset. We do not act as dealers, nor do we offer brokerage services or accept commission work. Our reports assist people who own, manage, sell, purchase, invest in, and lend money on the security of real estate. We give an estimate of real property value that reflects all applicable market evidence. Conclusions are derived by data analysis in conformity with the standards of professional practice. Urban Real Estate Research, Inc. is a small real estate appraisal firm. We have a thorough knowledge of the Cook County real estate market. We have completed for clients appraisals on a variety of properties throughout the United States. Although we have successfully completed a variety of appraisal assignments, we have specialized in appraisal work protesting ad valorem taxation values.

Audrey Davis
urbanreal@urbanreal.com


Appraisers Seeking Positions

Appraiser Trainee

Tue, 26 Oct 2021 3:48:47 GMT

Hello, My name is Arshad Jaffery. I am seeking an appraiser trainee position in the Chicagoland area and I am able to cover all territories. I am an full-time employee in the food industry working in the supply chain industry and I am looking to gain experience and willing to work with a Supervisor based on their needs. I completed al the classwork through Appraisal Institute and McKissock Education and have obtained my IL license (exp. September 2023). If you have any questions or would like to connect with me, feel free to reach out to me via 630-229-9444 or jaffery952@gmail.com. I am looking forward to hearing from you soon. Regards, Arshad Jaffery 630-229-9444 jaffery952@gmail.com

Arshad Jaffery
jaffery952@gmail.com


Appraiser Trainee

Wed, 08 Sep 2021 16:49:06 GMT

My name is David Keyworth. I am seeking an appraiser trainee position in the Chicago Land Area. I have been a real estate broker for 6 years as well as an investor in residential properties. With my knowledge and experience I feel like I can make a positive difference. I have completed all of my course work and have my IL license. If you have any questions or like to speak to me further feel free to reach out at 630-310-0667 or at drkeyworth424@gmail.com. Look forward to hearing from you soon. Regards, David Keyworth

David Keyworth
drkeyworth424@gmail.com


Appraiser Trainee

Wed, 08 Sep 2021 16:48:17 GMT

My name is David Keyworth. I am seeking an appraiser trainee position in the Chicago Land Area. I have been a real estate broker for 6 years as well as an investor in residential properties. With my knowledge and experience I feel like I can make a positive difference. I have completed all of my course work and have my IL license. If you have any questions or like to speak to me further feel free to reach out at 630-310-0667 or at drkeyworth424@gmail.com. Look forward to hearing from you soon. Regards, David Keyworth

David Keyworth
drkeyworth424@gmail.com


ICAP Logo

CCAI is a proud sponsor of the Illinois Coalition of Appraisal Professionals!

+Second Exposure Draft 2023 USPAP
Tue, 07 Dec 2021 0:00:00 GMT

The Second Exposure Draft proposes adding an interpretation within the ETHICS RULE and a change related to what information, at a minimum, an appraisal report must contain if one or more inspections are performed as part of the scope of work.

This Exposure Draft also includes a proposed clarification to a development and reporting requirement relating to transfers of a property. Lastly, there are proposed modifications and/or deletions of some definitions and minor edits to the USPAP publication.

To view full update login to the ICAP website.

+Does Appraiser and Borrower Race Affect Valuation
Fri, 26 Nov 2021 0:00:00 GMT

Following concerns about undervaluation of minority-owned homes, this report examines the incidence of racial appraisal bias using a nationwide sample of refinanced mortgages from 2000 to 2007. The findings of this report suggest that racial appraisal bias is either uncommon in the mortgage refinance market or has a relatively minor effect on valuations, on average.

To view full update login to the ICAP website.

+2021 Memberships Are Now Available
Tue, 09 Nov 2021 0:00:00 GMT

2021 Memberships Are Now Available

Join or Renew Your ICAP Membership Today!

ICAP represents its member’s interest at all Illinois State Appraisal Board Meetings, the Association of Appraiser Regulatory Officials meetings the Appraisal Foundation Advisory Council meetings, as well as other state and national meetings. Use this form to renew your membership

To view full update login to the ICAP website.

+Color and Collateral: Examining Individual and Neighborhood Effects of Race on Housing Valuation and Mortgage Lending
Wed, 27 Oct 2021 0:00:00 GMT

Illinois REALTORS® undertook to quantify the relationship between a borrower’s race and how likely it is they will receive a residential appraisal lower than the contract price.

To view full update login to the ICAP website.

+The Appraisal Subcommittee (ASC) 2020 Annual Report
Fri, 20 Aug 2021 0:00:00 GMT

The Appraisal Subcommittee (ASC), the independent federal agency providing oversight for the real estate appraiser and appraisal management company (AMC) regulatory system, has released its 2020 Annual Report.

To view full update login to the ICAP website.

Classroom Rental

Video created by Jason Burley

When looking for stat-of-the-art conference facilities in a convenient downtown Chicago loation, look no further thatn the Chicago Education & Conference Center. Located along the Chicago River on Wacker Drive, we have combined the art and science of hosting a business meeting or conference ensuring every event is a success.

The Art
When you walk down the marble-lined hallway you will find two sophisticated conference rooms, each surrounded with beautifully carved wood panels, 18 foot high ceilings and a full 1,750 square feet of meeting space with seating for up to 68. You will also be surprised to learn that by simply removing the soundproof dividing wall the two rooms can be combined for 3,500 square feet and seating for up to 136 participants.

The Science
In addition to our elegance, you will find state-of-the-art technology. Unlike most conference centers which charge you outrageous fees for equipment, these two conference rooms come complete with wireless internet access, computer data projection, audio and video conferencing, white boards, tablet PC's and document projection at no extra cost. We even include our on-site technology staff, ensuring your conference will proceed flawlessly.

Our Sponsors

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2019 Installation Celebration!