The North Carolina Appraisal Institute was pleased to send four representatives to LDAC this year; Erica Butler, MAI, Keith Bolte, MAI, AI-GRS, Brian Crowder, MAI, SRA and Laura Gourlay, MAI, AI-GRS.

First, we are proud to announce that Erica Butler, MAI, has been selected as a 2027 Discussion Leader—an exceptional honor for both Erica and our Chapter. This year’s selection was highly competitive, with approximately 25 third-year participants applying. Erica is also the 2024 Anglyn Award recipient, and our Chapter continues to benefit from her outstanding leadership and contributions at LDAC.

Originally published in the June 16, 2026, issue of AI’s Appraisal Now
Reprinted with permission from AI

The Appraisal Institute recently submitted comments to the Office of Management and Budget (OMB) supporting a proposed rule that would continue to require independent appraisals when donated real property is used to satisfy matching requirements under federal grant programs.

Thank you to everyone who joined us on June 10 at the North Carolina Museum of Natural Sciences – Nature Research Center in Raleigh for NCAI's 2026 Q2 Chapter Business Meeting & Legislative Reception. The evening brought together appraisal professionals, chapter leaders, and policymakers from across North Carolina for networking, advocacy, and important chapter updates.

The evening kicked off with a Legislative Reception, connecting appraisal professionals and key policymakers for an engaging night of conversation and relationship-building.

The North Carolina Chapter of the Appraisal Institute would like to congratulate Nathan Pippin for recently earning the AI-RRS designation. 

Nathan Pippin is a Certified Residential Real Estate Appraiser licensed in North Carolina, Virginia, and Florida, with more than 20 years of experience in valuation, appraisal review, consulting, and appraisal education. He is the owner of Pippin Appraisal Company in Winston-Salem and serves as an AI PAREA Mentor, helping develop the next generation of appraisers.

Originally published in the June 2, 2026, issue of AI’s Appraisal Now
Reprinted with permission from AI

The Federal Housing Administration (FHA) has issued a Request for Information (RFI) seeking public input on its Single-Family Minimum Property Requirements (MPRs), the property condition standards FHA appraisers use to evaluate a property's safety, security, soundness, and marketability. FHA is asking stakeholders to identify requirements that may be outdated, overly burdensome, difficult to apply consistently, or in need of modernization to better reflect today's housing stock and market conditions. The request follows FHA's recent efforts to streamline appraisal-related requirements and signals the agency's continued interest in reviewing long-standing property eligibility standards.

Originally published June 1, 2026 by The Appraisal Foundation
Reprinted with permission from The Appraisal Foundation

The Appraisal Foundation is now accepting applications for its two resource panels: the Personal Property Resource Panel and Business Valuation Resource Panel. Panelists can serve up to two three-year terms. New terms would commence on January 1, 2027.

Originally published in the May 26, 2026, issue of AI’s Appraisal Now
Reprinted with permission from AI

A recent warning from the Federal Trade Commission (FTC) to mortgage industry firm Mortgage Connect highlights growing regulatory scrutiny of noncompete agreements, a development that could have implications for real estate appraisers and appraisal firms.

Originally published in the May 26, 2026, issue of AI’s Appraisal Now
Reprinted with permission from AI

The U.S. House passed the bipartisan 21st Century ROAD to Housing Act on May 20, advancing a package aimed at expanding housing supply, improving affordability, and updating federal housing programs. The Appraisal Institute said the bill includes two measures it supports, the Appraisal Modernization Act and the Appraisal Industry Improvement Act, which would require the FHA, FHFA, the Department of Agriculture, and the Department of Veterans Affairs to implement and maintain clearer, agency-specific reconsideration of value (ROV) guidelines, while also bolstering the appraisal workforce through education and training support. The legislation now awaits Senate consideration.

Originally published May 26, 2026 by The Appraisal Foundation
Reprinted with permission from The Appraisal Foundation

The Appraisal Foundation is now accepting applications for its annual selection of new members to serve on the Appraiser Qualifications Board (AQB) and the Appraisal Standards Board (ASB). Individuals appointed through this process will begin their term on January 1, 2027. Each appointment may be for a one-, two-, or three-year term, depending on the needs of the board.

Originally published May 27, 2026, by Elevation Strategies
Reprinted with permission from Elevation Strategies

Here are some recent highlights from the NC General Assembly:

Originally published in the May 19, 2026, issue of AI’s Appraisal Now
Reprinted with permission from AI

The U.S. Securities and Exchange Commission (SEC) is weighing a proposal that would let some public non-listed REITs (PNLRs) move from quarterly to semiannual reporting via a new Form 10-S. The goal is lower compliance cost, but the change may not reduce how often these vehicles need defensible real estate values.

Originally published in the May 19, 2026, issue of AI’s Appraisal Now
Reprinted with permission from AI

Dale C. Cooper, MAI, SRA, AI-GRS, AI-RRS, was nominated for 2027 Appraisal Institute Vice President by the AI National Nominating Committee at its May 13 meeting in Chicago.

Originally published in the May 19, 2026, issue of AI’s Appraisal Now
Reprinted with permission from AI

Congress is poised to take another major step on housing policy after House and Senate negotiators reached agreement on a final version of the 21st Century ROAD to Housing Act—a bipartisan package to expand housing supply, improve affordability, and modernize federal housing programs.

Originally published May 14, 2026, by the Appraisal Institute
Reprinted with permission from AI

We have been made aware of a fraud/scam targeting Appraisal Institute members. Bad actors are impersonating the Appraisal Institute and attempting to collect membership dues payments through a fake third-party organization. This scam may arrive by email and may also include phone-based interactions that attempt to set up fraudulent installment plans.

Originally published in the May 12, 2026, issue of AI’s Appraisal Now
Reprinted with permission from AI

Self storage continues to reinforce its position as one of commercial real estate’s most resilient and closely watched asset classes. While the sector benefited from extraordinary pandemic-era demand, today’s market is increasingly defined by institutional investment, disciplined operations, and evolving valuation considerations.

Originally published in the May 12, 2026, issue of AI’s Appraisal Now
Reprinted with permission from AI

The newly announced Uniform Appraisal Dataset (UAD) 3.6 timeline gives the mortgage industry a transition window through November 1, 2026, during which lenders may submit either UAD 2.6 or UAD 3.6 appraisal files to the Uniform Collateral Data Portal (UCDP). Beginning November 2, 2026, however, all new submissions must be in UAD 3.6 format.

The day before the Second Annual Valuation Law Symposium, the North Carolina Chapter of the Appraisal Institute will host its 2026 Legislative Reception and Chapter Business Meeting in Raleigh on June 10, 2026. This event continues to grow as one of the chapter’s most important opportunities to strengthen relationships between valuation professionals, policymakers, regulators, and industry stakeholders from across North Carolina.

Advocacy remains one of the most important responsibilities of any professional organization. The appraisal profession continues to face rapid changes involving regulation, modernization, public trust, valuation alternatives, and housing policy. The Legislative Reception provides a meaningful forum for appraisers to engage directly with decision makers and industry partners while helping ensure the voice of the valuation profession remains represented in conversations shaping the future of real estate valuation and housing markets.

Originally published May 10, 2026, by Elevation Strategies
Reprinted with permission from Elevation Strategies

Budget Update

Originally published in the May 5, 2026, issue of AI’s Appraisal Now
Reprinted with permission from AI

The Appraisal Institute has announced that CEO John Udelhofen, who is currently on medical leave, will be stepping down from his position at the end of June. The Board of Directors and Executive Committee thank John for his service since joining the Appraisal Institute in May 2024 and assuming the CEO role in September 2024, and wish him the best in the weeks and months ahead.

I met Josh Wood JD, MAI, AI-GRS my first year at LDAC when he weighed in during a session and I quickly identified him as the smartest person in the room. He mentioned that he wrote and taught courses and I knew instantly that he’d be a great fit to teach for the NCAI. We hosted him for a two-day symposium in Charlotte last year and the feedback on the courses Josh wrote was resoundingly positive.

As a result, we’re hosting him again this year for the second Annual Valuation Law Symposium in Raleigh, NC on June 11^th. This year’s symposium features five topics from Josh, and we’ve intentionally tailored the program to cater to residential appraisers as well as commercial.