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Illinois Coalition of Appraisal Professionals

Legislative Updates/News

Legislative Updates/News

Find An Appraiser

Find An Appraiser

Newsletters

ICAP Newsletters

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Job Board

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Connect

Links

Links

Membership

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Contact

State Board Application

State Board Application

Legislative Updates

+ 12-09-2019 - 2020 Memberships Are Now Available

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. 

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+ 11-21-2019 - Veterans Administration - Assisted Appraisal Processing Program (AAPP)

This authorizes the Department of Veterans Affairs’(VA) Secretary to issue guidance explaining the conditions under which VA permits VA fee panel appraisers to rely on information provided by another person when making appraisals forVA’s home loan guaranty program.

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+ 11-21-2019 - NCUA board issues CUNA-requested appraisal proposed rule

The NCUA board issued a proposed rule to raise the threshold for which an appraisal is required for a residential real estate transaction to $400,000

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+ 08-21-2019 - Federal Banking Regulators Approved The Final Rule to Increase the Residential Appraisal Threshold

On Aug. 20th the OCC, Board, and FDIC (collectively, the agencies) adopted a final rule to amend the agencies’ regulations requiring appraisals of real estate for certain transactions. The final rule increases the threshold level at or below which appraisals are not required for residential real estate transactions from $250,000 to $400,000.

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+ 08-12-2019 - ICAP signed a letter supporting House Resolution 3619 - Appraisal Reform Act of 2019

ICAP along with 27 other state appraisal organizations signed a letter supporting House Resolution 3619 the Appraisal Reform Act of 2019.  The letter states that the issues addressed with H.R.3619 bring much needed relief to areas of concern that have been a focus of the appraisal and lending communities. Consumers will ultimately benefit from the directives found in H.R.3619 as they will become more aware of fees associated with the appraisal and lending process. Veterans will be represented and have additional oversight of the profession with inclusion on the Appraisal Subcommittee and trainees will be legitimized and represented on the Appraisal Subcommittee's registry.

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+ 07-16-2019 - NAR Powerpoint from the Valuation Summit in DC

On July 18th, 2018, NAR hosted its annual Appraisal Summit in Washington DC. The Summit brought together REALTORS® including appraisers and agents, as well as AMCs, government officials, trade associations, and private market entities, to discuss and engage on hot topics in real estate valuation. The goal of the event is to keep communication open between the interested parties in real estate property valuation and ensure REALTORS® continue to have a seat at the table when it comes to major issues concerning real estate valuation.

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+ 06-19-2019 - Memorandum concerning the hearing entitled, “What’s Your Home Worth? A Review of the Appraisal Industry”

The Subcommittee on Housing, Community Development and Insurance will hold a legislative hearing on June 20, 2019 entitled, “What’s Your Home Worth? A Review of the Appraisal Industry” on Thursday, June 20, 2019. Among other things, the memorandum states that appraisals are a critical part of the mortgage lending process and the overall safety and soundness of the housing market.

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ICAP Information

+Frequently Asked Questions

What is ICAP's mission statement?
ICAP works to promote the appraisal profession and its image to the general public and to users of appraisal services. ICAP initiates discussion and analysis of issues affecting professional appraisers and monitors political action with the intent to influence legislation, regulation and public opinion toward the appraisal profession.

What are the benefits of an ICAP membership?
Click here for the benefits of an ICAP membership.

Who should join ICAP?
Real estate appraisers, accountants, assessors, attorneys, and anyone else who would like to stay up-to-date on regulation, legislation and everything that has to do with the latest developments in Illinois’s real estate appraisal profession.

How much are ICAP”s annual membership dues?
ICAP’s annual membership dues are $85 per year

When does my membership start and expire?
ICAP memberships start January 1st and expire on December 31st

How can I find my username or password?
Click here to request your username or password

Where can I log in?
Click here to log in

Where can I update my account?
Click here to update your account

Where can I find information about ICAP seminars?
Click here for the latest information about ICAP seminars

Where can I make a political action donation?
You can make a political action donation here

How can I get involved?
Click here for information about Joining an ICAP Committee

Who can I contact if I have other questions?
Click here to contact ICAP

+ 2018 PAC Contribution Form

+ 2018 Membership Application & Renewal

+ About/Board of Directors/Bylaws

+ ICAP Calendar

Check out ICAP’s calendar of events to see the dates of upcoming continuing education, ICAP seminars, special events, ICAP Board Meeting dates and USPAP offerings. To view ICAP’s calendar of events click here.

+ President Messages

+ My Account

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Job Postings

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Appraisers Seeking Positions

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Membership Benefits

Representation

Representation in Springfield, IL

ICAP represents real estate appraisers in Illinois through continuing communication with our State Representatives. ICAP has advocated for appraisers and influenced Illinois State Legislation and Regulation to ensure that appraisers are represented.

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ICAP-PAC

ICAP's political action fund - ICAP collects contributions from members and uses those funds to help elect candidates for public office who are supportive of appraiser related issues. To contribute to ICAP's PAC visit our website at www.icapweb.org

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Strength in Numbers

Participating in a membership of over 1,300 members gives you real strength. ICAP serves the interests of all our members whether they specialize in residential or commercial real estate.

Members

Constant Contact

Through our regular ICAP E-mail Updates and Social Media Campaign (Facebook, LinkedIn, Blog and Twitter) ICAP members can connect with other Illinois appraisers and stay up-to-date on regulation, legislation and everything that has to do with the latest developments in the real estate appraisal profession.

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Job Search

ICAP has created a bulletin board for appraisers seeking employment and employers offering career opportunities within the appraisal community. Membership can visit our Job Search Bulletin Board at www.icapweb.org.

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Online appraiser tools

ICAP Members can access hundreds of relevant appraisal related links at our website www.icapweb.org. Including our Appraisal Laws and Rules.

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ICAP Summer Seminars - Education/Networking

In addition to the seven hours of continuing education awarded by the State of Illinois, ICAP provides a vast array of business networking opportunities during ICAP's annual summer seminars. Meet your peers and develop life-long connections.

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Discounts

ICAP members receive special member-only pricing on ICAP's annual summer seminars, special deals from OfficeMax Products & Services, and up to 40% off normal Avis Rent-A-Car Rates.

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Find an Appraiser

Companies and individuals looking for ICAP members can quickly find them by using ICAP's Find an Appraiser search function. Potential clients can search by Name, City, Postal Code, County or any combination thereof.

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Opportunities to Lead

Gain leadership skills and experience by serving on committees. Get involved with ICAP and grow your business. Meet and work with appraisal professionals. To volunteer for committee opportunities send us a message at www.icapweb.org.

Committee Positions

Would you like to contribute to ICAP by serving on a committee? ICAP is searching for qualified candidates for their 2018-2019 committees.

Each of these committees works with ICAP Board members to promote the appraisal profession and its image to the general public and to users of appraisal services.

State Board Application

Are you interested in serving your profession as an appointee to the Illinois Real Estate Appraisal Administration and Disciplinary Board?

Are you interested in ICAPs recommendation to the Governor and/or Department to appoint you to the Illinois Real Estate Appraisal Administration and Disciplinary Board?

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