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Trending Topics Thursdays: Free AI Webinar on May 22

Appraising the Profession: Chief Appraisers on Trends,
Performance, and the Road Ahead

Thursday, May 22, 2025
11:00 AM - 12:00 PM (CT)

Join AI for a candid conversation with two leading chief appraisers—one in commercial real estate and one in residential—as they share what they’re seeing across the profession today.


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NCAB Meeting Update

NCAI Government Relations Committee Chair Shepherd Overton, MAI, attended the North Carolina Appraisal Board meeting on April 22, 2025.

The highlight of the meeting was a presentation by John Russell and Peter Fontana representing the Appraisal Foundation. The theme of their presentation was alternative experience, and the ways the Appraisal Qualification Board was exploring to allow for experience outside of the traditional appraisal writing route. The main thrust was the experience assessors have around the country, the classes they must take, and what their output looks like, i.e., a mass appraisal. The presenters spoke about a possible path for these types of alternative valuation professionals and how their experience, plus appropriate state testing, could be a pathway toward appraisal licensing. They noted some discussion is underway regarding whether assessors who might qualify for their experience would be required to submit sample reports to state boards prior to licensure. The presenters addressed how this aligns with the current problems facing the traditional path and finding supervisors.

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NC Appraisal Board Renewal Reminder

All trainees, licensed residential, certified residential, and certified general appraisers are required to complete 28 hours of CE by May 31, 2025, to renew on time. Seven of the 28 hours must be the 2024-2025 7-Hour National USPAP Update. Hours that exceed the requirement do not carry over into the next CE cycle.

All registrations, licenses and certificates expire on June 30, 2025, and must be renewed before this date to maintain an active status. If you do not renew by June 30, 2025, your registration, license, or certificate will expire. Any person who acts as a trainee, licensed, or certified real estate appraiser while expired shall be subject to disciplinary action and penalties as prescribed by the NC Appraiser’s Act.

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AIERF Course & College Scholarship Deadlines are Tuesday, April 1st

Scholarships - Appraisal Institute Education Relief Foundation

Course Scholarships are awarded to Associate Members active in real property valuation who need financial assistance to complete Appraisal Institute courses leading to state certification or the MAI, SRA, AI-GRS, or AI-RRS designations.

College Scholarships are awarded to undergraduate or graduate students who concentrate on or demonstrate an interest in real estate appraisal and/or valuation.

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Charlotte Plays Host to Successful Symposium and Q1 Business Meeting

“It’s great to be back in person,” said several of the attendees of the NCAI 2025 Valuation Law Symposium, held March 12-13 at Canopy Realtor® Association building in Charlotte. Chapter members came from across North Carolina for two days of continuing education on crucial legal and theoretical valuation aspects.


(L-R): NCAI Vice President Erica Butler, MAI; Valuation Law Symposium speaker Josh Wood, JD, MAI, AI-GRS; and Appraisal Institute President Paula Konikoff, JD, MAI, AI-GRS

Josh Wood, JD, MAI, AI-GRS, a valuation expert, educator, and adjudicator whose practice centers on the intersection of appraisal theory and the law, led both days of study. Day 1 featured sessions on the “Unit Rule” and its misapplications; expert reports on federal civil procedure; and "The Calling," examining the profession's history and significance. Day 2 tackled the complex distinctions between “Fair Value, Market Value, and Fair Market Value” across different professional contexts, using case studies and practical examples to clarify these often-misinterpreted terms.


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Advance Your Career in Green Real Estate

Advance Your Career in Green Real Estate! We're thrilled to offer a unique learning opportunity for appraisers! Thanks to a special partnership between the South Carolina Chapter of the Appraisal Institute and the South Carolina Energy Office, you can join our Valuation of Sustainable Buildings Series.

Series Dates:

Sign up today to secure your spot and move towards becoming a certified sustainable valuation professional.

Appraisal Institute Course Catalog

AI Releases First Face Value Podcast with Episode About Unusual Assignments

Listen to Face Value, the official podcast of the Appraisal Institute. Join rotating hosts Warren Boizot, SRA, AI-RRS, and Tonia Vailas, MAI, AI-GRS, each month as they share appraiser experiences, insights, and stories with other credible experts in the valuation profession. Tune in as they dive into the latest trends, news, association updates, and more. Don't miss out on appraisal news you won’t find anywhere else, all delivered at face value.

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Upcoming 7-Hour National USPAP Update Courses

NCAI is offering multiple National USPAP Update Courses throughout the year. Save the date for the upcoming USPAP courses below. Click on the course for more information.

*All courses are NCAB and NCREC Credit approved.

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AI Board Approves Certificate of Completion for International Curriculum

The Appraisal Institute Board of Directors approved a “Certificate of Completion – Fundamental International Curriculum” at its May 9-10 meeting in Chicago. The curriculum will include AI’s “International Basic Appraisal Principles,” “International Basic Appraisal Procedures” and “International Valuation Standards Overview” courses.
 
The Board also adopted proposed amendments to the Bylaws and Regulations 8, 9 and 10 regarding Past President Designated Member status and Temporarily Non-Practicing status. The 45-Day Notice was distributed to Designated Members, Candidates, Practicing Affiliates and Affiliates on March 25.
 
The Board also approved sending to 45-Day Notice proposed amendments to Regulations 1 and 2 that would remove the e-demo report and defense of reports as options for completing the demonstration of knowledge requirement.
 
In other action, the Board of Directors:
  • Amended policy for the courses requirement for General Candidates for Designation by removing the requirement to take and pass “General Appraiser Report Writing and Case Studies.”
  • Approved a transfer of funds (in the amount of the 2018 audited surplus) from the reserve fund to the operating fund.
  • Elected Elaine Liz-Ramirez, MAI, to fill a vacancy on the Audit Committee.
  • Approved the merger of the Memphis Chapter and the Greater Tennessee Chapter (to be known as the Tennessee Chapter of the Appraisal Institute).
Click here to read more.

Parking Education Seminar & LDAC Fundraiser on April 2

NCAI is pleased to offer Parking and Its Impact on Value of North Carolina Properties to it's members while also supporting the 2019 Leadership Development & Advisory Council (LDAC) Participants. This event is on April 2, 2019 at the Harris Campus Central Piedmont Community College in Charlotte, NC. Instructor Ted Anglyn is donating his time to instruct this course as an effort to raise funds for this cause.

ALL PROFITS from this course and any additional donations will go toward support for NCAI’s LDAC participants.

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AI, Freddie Mac to Teach Valuation of Manufactured Homes

On March 6, the Appraisal Institute and Freddie Mac announced a partnership targeted to help real estate appraisers when valuing manufactured housing, meeting an important need for homebuyers, lenders, appraisers and homebuilders.

The Appraisal Institute’s partnership with Freddie Mac will provide practical appraisal training to all appraisers, as well as specifically-targeted training and case studies to address manufactured housing valuation assignments for Freddie Mac’s CHOICEHomeSM. CHOICEHome brings conventional mortgage financing to factory-built homes to help increase the availability of quality affordable homes that borrowers want while providing lenders with the innovative financing options they need.  

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