Originally published in the June 30, 2026, issue of AI’s Appraisal Now
Reprinted with permission from AI

The Appraiser Qualifications Board (AQB) has released its Second Exposure Draft of proposed revisions to the Real Property Appraiser Qualification Criteria, including several significant changes that could reshape entry into the profession. Among the proposals is replacing the current valuation bias course with a new one-time, five-hour qualifying education course titled Fair Housing Laws, Impartiality, and Objective Valuation Practice while eliminating the recurring continuing education requirement on valuation bias. The Appraisal Institute supports this approach, recognizing the importance of educating new appraisers on fair housing and objective valuation while avoiding repetitive requirements that add costs without demonstrated public benefit.

Other proposed changes include eliminating the college degree requirement for Certified Residential and Certified General appraisers, removing minimum experience timeframes, allowing candidates to take the national exam upon completing qualifying education, making passing exam scores permanent, expanding PAREA to Certified General candidates, and eliminating continuing education requirements for Trainee Appraisers. The AQB is accepting public comments through July 27, 2026, and the Appraisal Institute encourages members to review the proposal and participate in the comment process.

Originally published in the July 7, 2026, issue of AI’s Appraisal Now
Reprinted with permission from AI

The Appraisal Institute, joined by the American Society of Appraisers, the American Society of Farm Managers and Rural Appraisers, and MBREA, submitted comments to HUD supporting thoughtful modernization of the Federal Housing Administration's Minimum Property Requirements (MPRs). Rather than weakening longstanding borrower protections, the organizations urged FHA to improve clarity, consistency, and efficiency by reducing unnecessary documentation, streamlining guidance, expanding appropriate post-closing repair flexibility, and clarifying appraisers' role as property observers, not home inspectors. The comments also emphasize preserving the appraiser's critical role in identifying readily observable property conditions that may affect collateral risk while maintaining FHA's core safety, soundness, and security standards.

Originally published June 22, 2026, by Elevation Strategies
Reprinted with permission from Elevation Strategies

Property Tax Relief: The NC General Assembly passed and Governor Josh Stein signed a bill that freezes property revaluations in several counties in the state . However, local governments retain the ability to set their own tax rates. As such, Greensboro is moving forward with a 12.6 cent tax increase, whereas Guilford County appears to be considering a 4-6 cent tax increase.

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 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 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 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 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 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.

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

Budget Update