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Illinois Coalition of Appraisal Professionals

Legislative Updates/News

Legislative Updates/News

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State Board Application

Legislative Updates

+ 02-11-2020 - Waters and Clay Request GAO Study to Protect Homeowners from Appraisal Loopholes

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congressman Wm. Lacy Clay (D-MO), Chairman of the Subcommittee on Housing, Community Development and Insurance, sent a letter to the Comptroller General of the U.S. Government Accountability Office (GAO), requesting a comprehensive study on the implementation of Title XI of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA) by the relevant federal agencies.

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+ 01-14-2020 - New CE Deadline for Illinois Real Estate Appraisers

The adopted rulemaking represents a re-alignment of renewal dates and continuing education completion dates for licenses real estate appraisers. Historically, these dates have been coterminous; however, a recent amendment to the rules effectively bifurcated those dates and resulted in confusion on the part of licensed real estate appraisers.

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+ 12-19-2019 - A Message from ICAP's incoming president, Ron DeVries, MAI, SRA, FRICS

In addition to staying informed in an ever changing environment with relevant email updates to our members, ICAP represents your interests at all Illinois Real Estate Appraisal Administration and Disciplinary Board meetings and participates in several organizations influencing legislation and regulation at the national level. Currently, we are working to return the Illinois CE deadline from June 30 to September 30, tying it back to the renewal date....

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+ 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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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

+ PAC Contribution Form

+ 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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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

Join

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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Phone: 312-616-9400      Fax: 312-616-9404      Address: 205 W. Wacker Drive Suite 202, Chicago, IL 60606

ICAP Seminars

Be on the look out for our 2020 seminars!

Day goes fast with great topics.
The ICAP Summer Seminar is always a highlight of my annual continuing education schedule. The combination of good speakers on an interesting variety of appraisal topics, plus the opportunity to catch up with old friends and meet new ones is unbeatable. (Kevin Byrnes)
Subject matter was good to excellent this year and probably the best in the last few years.
Always a mix of interesting and informative topics, presented by outstanding experts in their fields.
It is the one seminar each year I try to attend - Bill Houlihan, SRA
If you are not going to the ICAP update and you are an appraiser in the state of IL you are hiding your head in the sand. Ignorance is not bliss, its poverty.
Year in and year out, ICAP continues to deliver great educational content with outstanding speakers - Chip Wagner, SRA
Very informative and informative and interesting topics brought to the attendees.
Always an informative day, well worth the commitment, bonus is the CE credit.
Great Seminar, as always. I come every year!
I make sure to attend this each and every for the varied course content. Penny Murden
Any appraiser that does not attend this seminar is not giving their clients the best that can be offered in appraisal education!
Look forward to it every year
Very informative seminar - Lori Dagen
The program is very good and one of the best available to appraisers. Debbie K.
ICAP seminars provide not only a great learning day, but also a time to get to see peers and visit with them!
These seminars are always informative with something new to be learned each year as well as providing a means to network with other local appraisers. Rhonda Dooley
Excellent way to stay updated on industry standards and legal issues. - Stephen Daly
I always enjoy attending these informative, diverse and fast pace seminars sponsored by ICAP.
One of the best classes!
Best informative seminar of the year.
Once again ICAP knocks it out of the park. Highly informative, very comfortable and quite entertaining. Jeff Mayernich
This was a great experience.
The food was great.
I couldn't be more pleased with the selection of topics. The presenters were informed and prepared. Excellent return on investment! - Russell Rench
Very informative. ICAP always has topics on current issues and concerns in the Appraisal Industry.
Timely and professional presentation. A great networking opportunity.
The best CE in Illinois, fresh timely topics as usual.
I think the premise of the annual program is outstanding. It allows us all to maintain currency on the hot topics of the day.
The USPAP Summer Seminar is an easy way to get 7 hours of continuing education as well as get up to date changes in our industry both nation wide as well as statewide. Money very well spent for this seminar!
Great seminar! - Bob White
The best 7 hours of CE because of the variety of topics, professional venue and well organized! Never miss!
The seminar was great; I always leave feeling I gained some additional knowledge. And the overall professionalism of the seminar makes me proud to be in the profession.
This is one course all Illinois appraisers should take every year. Very informative with up to date data! Great meals and snacks included! Stephen Daly
Always informative. Filled with good advice from highly qualified people.
If you consider yourself to be a professional appraiser you need to attend the ICAP Summer Seminar(s). Hosted by a top-notch organization that delivers relevant real world knowledge on multiple topics in a single day. Matthew R. Long
The best of seminar's - Michael A. Paul IFA
As always-another great event, if you have not attended you should make it your # 1 priority.
ICAP summer seminars is a great way to keep current on issues facing the appraisal industry and to interact with other appraisers in the industry.
It is nice to be a part of an organization that is held up as an example to other states in doing so much for appraisers. Bravo! Jan Duy
Always a great seminar! - Dave Schoenike
Interesting subjects and we'll prepared speakers.
Great work, great people - Teresa DiGiovanni
Don't get into trouble if you can avoid it through knowledge. ICAP presents the most up to date facts on the state and federal level in each education session. Best 7 hours you can spend to learn and protect your business.
A great way to keep abreast of changes that have occurred of are scheduled to occur.
Great value
It's definitely a CAN'T MISS!!
The program is an excellent source for regulatory updates and limiting liability.
Some great speakers
Good class nice variety in topics

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