The North Carolina Chapter of the Appraisal Institute (NCAI) is a professional organization that includes almost 600 leading practitioners of real estate appraisal and consulting serving the Tarheel State. Our members are committed to the highest standard of professional appraisal practice and have been tested and trained to the highest levels of educational standards in the business. Visit
www.ncappraisalinstitute.org for more information.
Upcoming Events
This half day virtual seminar will give insight into different aspects of the Cost Approach including site development costs and sitework issues and how they vary across the state; land planning, environmental issues and costs, and more. This course is NCAB & NCREC Approved for 4 Hours.
Join us for this virtual course on November 11, 2020. Advanced Land Valuation: Sound Solutions to Perplexing Problems focuses on unusual and complex land valuation assignments and uses a combination of lecture, discussion, question and answer, and sample case studies to lead participants to suggested solution strategies. This course is NCAB Approved for 7 Hours.
Save the date to join us for the Q4 Chapter Business Meeting & Installation Banquet on Thursday, December 10, 2020 at the Park Alumni Center in Raleigh! More details and registration coming soon!
As the world changes, so do processes and methods used in many businesses including the appraisal profession. While alternative appraisal services like bifurcated, hybrid, and desktop appraisals and evaluations aren’t new, they are becoming more popular. More details and registration coming soon!
Chapter News
The Appraisal Institute Education and Relief Foundation offers scholarships for AI professionals pursuing designations and state certification. Specific offerings are available for minorities and women. Candidates for Designation and Practicing Affiliates should apply by the October 1 deadline.
Jack C. (Cal) Morgan III, MAI, SRA, AI-GRS, has been appointed to the North Carolina Appraisal Board (NCAB) by Tim Moore, NC House Speaker. We congratulate Cal on his appointment, and we thank him for his willingness to be a leader in the appraisal industry!
Thank you to all those who attended the 2020 REVC and to our event speakers and sponsors. On September 2 attendees gathered virtually to hear from industry experts as they discussed current issues in real estate valuation and provided insight regarding the economy, market trends, commercial developments, and transformation and growth in NC.
Our August NCAI Connect featured Gerald Quattlebaum with Flagship Healthcare Properties who presented a comprehensive look into the healthcare real estate sector. He discussed the development and acquisition of healthcare properties as well as Flagship’s private REIT which has managed to maintain stability in the current economic climate.
The slate was presented by the North Carolina Chapter’s 2020 Nominating Committee comprised of: Sheri Colvin, MAI (Chair); Joel Tate, SRA; Don Read, MAI; Chesney Baker, MAI, AI-GRS; and David Pope, MAI, SRA.
Giving a big congratulations to these 13 NCAI members who have received designations in 2020.
We’d like to welcome to our newest members who joined in Q3. Welcome Adam C. Watson; M. Oniel Jessup, III; Daniel S Ponce; Eric L. Randall; Heather L. Sutton; Nirzarni A. Coston, MAI; and Jacob Quinton Palmer!
Check out the two new job postings or submit one of your own!
Legislative
View weekly legislative reports and updates impacting the Appraisal community. Bookmark this page and check back often as new reports will be added frequently.
The Appraisal Institute sent a letter urging swift passage of the Portal for Appraisal Licensing Act of 2020 in the 116th Congress, which would amend the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to establish a portal for appraisal credentialing and AMC registration information, and for other purposes.
The Federal Housing Finance Agency (FHFA) announced that it is seeking comments on a notice of proposed rulemaking that establishes a new regulatory capital framework for Fannie Mae and Freddie Mac (the Enterprises). The proposed rule is a re-proposal of the notice of proposed rulemaking published in July 2018.
Industry/National News
In the midst of a global pandemic and social justice concerns, the Appraisal Institute published “The Appraisal of Real Estate,” 15th edition. The textbook long has been recognized as the valuation profession’s most comprehensive source of information for appraisers and other real estate professionals.
As our nation continues reflecting on important matters of racial justice, the nation’s largest professional association of real estate appraisers today reiterated its efforts to expand opportunities for aspiring appraisers and help combat alleged bias in valuation.
The Appraisal Institute Board of Directors adopted one 45-Day Notice item on its agenda during its Aug. 6-7 meeting, which was conducted via videoconference due to the coronavirus pandemic.
Craig Steinley, MAI, SRA, AI-GRS, AI-RRS, of Rapid City, South Dakota, was elected 2021 vice president of the nation’s largest professional association of real estate appraisers Thursday by its Board of Directors during the Board’s virtual meeting.
