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The letter express concern and opposition to H.R. 7735, the “Improving the VA Home Loan Benefit Act,” which if enacted, could degrade the VA Home Loan Program and home buying process for Veterans.
The letter states that the Appraisal Institute continues to hear anecdotal concerns about the VA appraisal process compared to the conventional or FHA process and urges further investigation into these claims before taking extreme action to radically change what is roundly a successful program.
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ICAP along with the Chicago Chapter of the Appraisal Institute as well as the National Organization of the Appraisal Institute wrote a letter to the Editor of The Chicago Sun Times. The letter comes in response to a recent article in the Chicago Sun Times titled “Ending racial bias in home appraisals”.
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Leveraging the wealth of big data, the power of advanced analytics, and the speed of technology, appraisers can perform desktop appraisals without physically inspecting the property. This fact sheet provides a summary for reference only. All criteria are subject to the formal terms and conditions of the Selling Guide
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The congresswoman demanded the Department of Housing and Urban Development Sec. Marcia Fudge launch a “systemic fair housing investigation into housing valuation discrimination.”
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On February 7, 2022, NAR sent a letter to Fannie Mae and the Federal Housing Finance Agency regarding Fannie Mae’s recent announcement that appraisers will be required to use ANSI® Z765-2021 (American National Standards Institute®) for measuring, calculating, and reporting above-grade and below-grade square footage for appraisals requiring interior and exterior inspections with an effective date of April 1, 2022. NAR requests that Fannie Mae delay implementation of this new requirement until Freddie Mac, FHA, VA and USDA adopt the same requirement to reduce confusion. Real Estate professionals and appraisers also need more time to become familiar with how the standard is applied.
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Research and analysis was conducted by a consortium led by the National Fair Housing Alliance (NFHA) with additional subject matter expertise provided by Dane Law and The Christensen Law Firm specializing in civil rights, fair housing, fair lending and appraisal practice. The views and opinions expressed in this report are those of the authors and do not reflect the official policy or position of the ASC or the agencies represented on its Board.
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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
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.
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Click here for the IDFPR's Homepage
Click here for the IDFPR's Appraisal Homepage
Click here to lookup your Continuing Education
Click here for the current list of AMC Registrants
Click here to contact the IDFPR
Click here for the Illinois Appraisal Newsletter
Click here for the Real Estate Board Minutes
Click here to find your lawmaker
Click here for the Appraisal Licensing Act
Click here for the Administrative rules
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.
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
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.
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.
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.
ICAP Members can access hundreds of relevant appraisal related links at our website www.icapweb.org. Including our Appraisal Laws and Rules.
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.
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.
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.
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.
Would you like to contribute to ICAP by serving on a committee? ICAP is searching for qualified candidates for their 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.
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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ICAP is a political action group and so lacks the credentials to dispense professional appraisal advice. Rather, these questions should be directed to the State of Illinois or our sponsoring organizations.
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