August 22, 1999

SEMINAR + LUNCH
"ACOW AT THE SUMMIT"
REGISTER NOW. TIME IS SHORT. CALL - FAX - E-MAIL THE ADMINISTRATION OFFICE
SNOQUALMIE SUMMIT INN, THIS FRIDAY, AUGUST 27, 1999, $95.00

THREE TWO-HOUR SESSIONS + E&O INSURANCE UPDATE + LEGISLATIVE PLANNING
EARN UP TO SIX HOURS WASHINGTON STATE-APPROVED CONTINUING EDUCATION

MEET, GREET, EXCHANGE IDEAS - - APPRAISERS FROM AROUND EVERGREEN STATE

08:30-10:30 - - DISASTERS, CATASTROPHES, AND OTHER PROBLEMS

This three-part session will get you ready for a predicted wet, wet
winter. It examines sliding, siding and regulatory taking. First, gain
knowledge from a professional engineer (P.E.) of the signs and indications
of "landslide" conditions that may affect the value of a property in a
presentation by Deborah Ladd, P.E. Second, Kitsap County Assessor Jim
Avery will explain how his office has developed methodology to evaluate
the impact of LP Siding on market value. This session will conclude with
Olympia Attorney Sandy Mackie commenting on the valuation impact from
these situations or those resulting from regulatory takings, an
increasingly common phenomenon of governmental action outside of eminent
domain proceedings.

10:30-12:30 - - TRAINEE MANAGEMENT

This session will help you plan for the responsibilities of being a
supervisory appraiser, and know "What we should do when we have a
trainee." Barry Wilson and Bill King, both appraisers in King County,
will discuss the program each uses in his office, and how these have
evolved. Learn about the materials and procedures used in their offices,
the potential impact on other associates in the firm, and the Criteria and
Interpretations published by the Appraiser Qualifications Board (AQB) of
The Appraisal Foundation. Many other states have adopted regulations
concerning the use of trainees, and the State of Washington may also.
Discussion will be encouraged.

14:00-16:00 - - HUD & USPAP CHANGES

This two-part session will provide you with an overview of these changes.
Bring your copies of the new HUD Handbook 4150.2 (to be effective on
9-10-99, as of now), and of the 1999 Edition of the USPAP which became
effective on 3-31-99 to the discussion. Review the now three-part
reporting process consisting of the Uniform Residential Appraisal Report
(URAR) form, the HUD Valuation Conditions (VC) form, and the HUD Homebuyer
Summary (HS) form. See how the three comprise HUD's Comprehensive
Valuation Package (CVP), and form the basis of its new "Buyer Protection
Plan". The conclusion will explain "How they do (and don't) interrelate."
Learn what's new in the controversy, and the appraiser liability which HUD
has spawned. Gail Harmon (Kent) will present the HUD changes and Jim
Tesso (Puyallup) the USPAP99 changes. The Appraisal Handbook can be
downloaded over the Internet at http://www.hudclips.org or
http://www.hud.gov/reac/reasfappr.html or you can call 1-800-767-7468.
For a copy of Mortgagee Letters 99-18 or 99-22, have questions about your
status with FHA or other needs, call the Santa Ana Home Ownership Center
at 1-888-827-5605.

A DAY AWAY TO LEARN, AND TO SUPPORT ACOW.

Registration begins at 7:30 am, Friday, August 27, 1999, at the Snoqualmie
Summit Inn at Snoqualmie Pass, WA 98068, on S.R. 906 which connects Exits
52 and 53 off of I-90 at the summit. Call the Inn directly for room
reservations at 1-800-557-7829.

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Enrollment Application

I hereby apply for enrollment in the ACOW Seminar on Friday, August 27th,
at the Snoqualmie Summit Inn. I have seen the mailed flier for the
Continuing Education Information, and the Cancellation Policy (that
cancellations will be accepted until noon on August 25th with full refund,
and that no refunds will be made after that time). Each of these sessions
has been approved for two hours of continuing education for all classes of
Real Estate Appraisers by the State of Washington. Call the ACOW
Administration Office at 206-622-8425 if any questions, or e-mail to
seaop@aol.com or fax to 206-623-4474.

Name _________________________________________ Conference Fee $__________

Firm _________________________________________ ACOW Donation $__________

Address ______________________________________ TOTAL $__________
Mail to (or Fax or E-mail, above):
City, State & Zip ________________________ Appraisers Coalition of Washington
1904 Third Avenue, Suite 633
Day Phone _____________________________ Seattle, WA 98101-1185

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JIM IRISH 206-789-7472 bf777@scn.org www.scn.org/~bf777
SRA Member of the Appraisal Institute

State Certified General Real Estate Appraiser
10508 Palatine Avenue North, Seattle, Washington 98133-8725

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APPRAISERS' COALITION OF WASHINGTON * at * www.eskimo.com/~roise/ACOW
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