ILS ADVISORY GROUP
AFFILIATE APPRAISER INFORMATION

INTRODUCTION

Thank you for your interest in becoming an Affiliate Appraiser of ILS Advisory Group.   

ILS Advisory Group is a growing commercial realty valuation and advisory resource which specializes in providing services for institutional use not typically available in the current marketplace.  We are doing this by combining our regional resources and enhanced products and services with the experience and assets of quality local appraisers, advisors and appraisal firms.  The result for our clients is a single point of contact on a regional basis for a wide variety of realty services delivered in a consistent format for single or multi-property assignments all reflecting unparalleled local market knowledge.  In short, our ability to provide the resources of a large firm without sacrificing the local market knowledge of a small firm is giving our clients a competitive edge. 

We are currently seeking to “partner” with local appraisers to support our expanding client base.  We feel the relationship will be mutually beneficial which will better position you for the future. 

Benefits to being an Affiliate Appraiser of ILS Advisory Group are:   

1. Diversification and/or supplementation of your existing business through an increase in commercial appraisal assignments.  
   

2. Referral fees for business you originate with ILS Advisory Group outside your local area of coverage area of expertise or list of products.  
   

3. Exclusive coverage area. 
   

4.  Bi-weekly payment schedule.

In return, our Affiliate Appraisers must:

1. Provide quality work utilizing ILS Advisory Group’s standard report formats.  
   

2. Deliver reports on time or communicate delays immediately.  
   

3. Be willing to operate in an integrated networking structure which is a growing trend in the commercial appraisal industry.

 AFFILIATE DESCRIPTION

 Affiliate Appraiser – An independent contractor of ILS Advisory Group.

 QUALIFICATION

 All Affiliate Appraisers will be General Certified Licensed Appraisers or Residential Certified Licenses Appraisers with at least 3 year of appraisal experience.

 AFFILIATE RESPONSIBILITIES

 Appraisers – Affiliate Appraisers are responsible for the complete preparation of appraisals including typing the report, obtaining all data, all supplies related to the preparation of the report including pictures, all equipment/communication during the preparation of the report, office space expenses, if any, and personal overhead, with the exception of billing, accounts receivable and bad debt risk.  Upon completion of the report, it will be emailed to ILS Advisory Group.  ILS Advisory Group will then produce all report originals and deliver them to the client.  ILS Advisory Group will assume all costs, responsibilities and risks associated with billing, accounts receivable, bad debt risk and E&O. 

ASSIGNMENT OPERATION 

Assignment Manager – ILS Advisory group Assignment Manager faxes appraisal assignment to Affiliate Appraiser, tracks assignment to insure completion on time or receives and communicates delays.  Once report is received, it is reviewed by Review Appraiser.  Once acceptable, report is billed and forwarded to client. 

Assignment Reviewer – Assignment Reviewer “troubleshoots” with appraiser during production and reviews final report. 

Appraiser – Completes appraisals within required turnaround time, communicates any delays, and forward completed report electronically to ILS Advisory Group. 

AFFILIATE FEE SPLITS/FEES 

Affiliate Appraisers – Fee splits/fees are based on a “partnership” with ILS Advisory Group based on a “work provided/responsibility assumed/risk taken” concept.  They may vary by assignment but the typical fee split is calculated as follows: 

Support services and supplies reflect a cost split between: the Affiliate Appraiser’s responsibility to complete a “draft” of the report; and ILS Advisory Group’s responsibility to produce all report originals utilizing ILS Advisory Group stationery and deliver or mail report to client. Administration reflects ILS Advisory Group’s responsibility for accounts receivable, bad debt risk and insurance coverage.  ILS Advisory Group’s affiliates will be paid upon completion of the assignment and not when the assignment is paid.  Office is to maintain ILS Advisory Group Administration.  Finally, ILS Advisory Group receives a sales referral fee and profit potential. 

OTHER POLICIES AND PROCEDURES 

E&O Insurance – ILS Advisory Group provides and maintains an Errors and Omissions Policy covering each approved affiliate for any work completed for our firm.  You are not required to possess a personal policy to be considered for approval as an affiliate.  It is, however, suggested that you maintain one for your own personal protection. 

Payment Periods – ILS Advisory Group pays all fees upon completion of assignments but within a bi-weekly payment period. 

Affiliate Territories – Each Affiliate Appraiser will be assigned an exclusive territory which will be their area of responsibility. 

CLOSING COMMENTS 

Thank you for your interest in becoming an affiliate of ILS Advisory Group.  We welcome any additional questions or feedback you may have in regards to your affiliation.  We look forward to “partnering” in the future in a mutually beneficial relationship.