November 17 - Residential Curriculum Update - Rockville, MD
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November 17-18 - General Curriculum Update - Rockville, MD
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December - Appraisers Roundtable - TBD

December 15 - 7-Hour USPAP Update - Herndon, VA
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December 16 - Business Practices & Ethics - Herndon, VA
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A statistically significant higher proportion of designated members earn more than $100,000 per year compared to associate members and nonmember appraisers. Click here for a salary comparison.

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2012 AIDC Education Survey - Your Opinion Counts!
AIDC Legislative Update & Chapter Meeting - October 6
Recent Changes in MRIS Public Record Reports for DC and Fairfax County
New Members
Want to Boost Your Income? Become a Designated Member!
2012 AIDC Board Elections

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Stay Ahead of the Curve!

Get the latest on new rules & regulations that will affect your appraisal procedures and business!

Thursday, October 6, 2011 * 4pm – 8-pm
Crowne Plaza Washington DC/Silver Spring
8777 Georgia Avenue 8 Silver Spring, MD 20910
www.crowneplaza.com/dcsilverspring * Map

Bill Garber, Director of Government and External Relations for the Appraisal Institute, will report on the Dodd-Frank financial reform bill and its implementation as well as other Federal legislation, rules or regulations affecting the valuation industry including:

• The Interim final rule implementing the appraisal independence sections of the Dodd-Frank bill that were issued by the Federal Reserve Board including presumptions relating to “Customary and Reasonable” fees.
• Dodd-Frank’s impact on commercial real estate
• The new Consumer Financial Protection Bureau and what their duties and responsibilities will be relating to appraisal sections of the bill.
• The recently issued report by the Government Accountability Office as well as a second report from the GAO required by the bill and due to be issued later this year.
• The recently revised Interagency Guidelines.
• Other bills, rules and regulations of interest to both commercial and residential appraisers.

• AMC legislation
• BPO legislation
• Attempts by some States to require appraisers not to consider and analyze distressed sales as comparables
• Other legislation in the States, territories or jurisdictions of the United States affecting appraisers.

After attending these presentations, attendees will have a better understanding relating to local and national legislation, rules and regulations affecting their appraisal businesses and activities.

Chapter Meeting – After dinner, Appraisal Institute President, Joseph C. Magdziarz, MAI, SRA, will bring us up to date on all things AI for an information-packed evening you won’t want to miss!

Schedule:
3:30pm: Registration
4:00 – 6:00pm: Presentation
6:00 – 8pm: Networking, Dinner & Chapter Meeting

Registration Fee (Includes Dinner):
$45 – AIDC Members (Paid by October 5; $55 thereafter)
$60 – Non-Members (Paid by October 5; $70 thereafter)

Click here to register today!

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Recent Changes in MRIS Public Record Reports for DC and Fairfax County

Recent information obtained from the MRIS/MLS system indicates specific changes have been made with respect to data reported in MRIS public record reports for DC and Fairfax County. Don Boucher and Lin Hiley from the Chapter are involved in discussions with MRIS in an attempt to resolve this.  We are also involved in trying to establish a working group to interact with MRIS in assisting appraisers with data needed to complete the UAD form. The following summarizes the changes which have been made:
 
Washington DC:
 
D.C. zoning codes and descriptions in the Matrix Tax tab D.C. public records have been permanently deleted. The City does not have an electronic file with zoning codes / descriptions information. The City has advised MRIS that the only way to verifiably and accurately obtain a D.C. zoning code and description for a property is to search three City government web sites. MRIS makes those sites available in “Local Known Issues” in the MRIS web site in the Washington, D.C. Public Records page. The following link offers instructions about how to obtain a current Washington, D.C. zoning code and description:
 
http://mris.com/mris-customers/public-records/jurisdiction-information/washington-dc
 
Fairfax County:
 
Information pertaining to measurements and basement square footage and finished square footage was permanently deleted from certain fields in the MRIS Fairfax County, Virginia public records in the Matrix Tax tab. It was done so under advisement of the Fairfax County government. Appraisers, GSE's and lenders should consider looking to the County for physical property records or by whatever other means the County can provide such information.
MRIS Note: MRIS public record reports should not be used as the source of authority by lenders as part of the loan process and by appraisers when preparing formal appraisal reports.

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