The North Carolina Chapter of the Appraisal Institute would like to congratulate David L. Ivey for earning the MAI designation.  David earned the AI-GRS designation in 2017, and completed the requirements for the MAI designation in September of 2025. 

David is currently Vice President and Senior Commercial Appraisal Review Specialist at First Bank, and has been with the bank for 13 years. First Bank focuses on lending predominantly in North and South Carolina. David holds a supervisory role within the real estate department working on compliance and special projects as needed.

Our membership keeps growing. We're thrilled to introduce the following new member of the North Carolina Chapter of the Appraisal Institute:

Associate Member

• Samuel W. Gordon, Jr., Fayetteville, NC 

 Thank you for joining, and we're excited to have you as a part of the NCAI community!

Originally published October 30, 2025, by The Appraisal Foundation
Reprinted with permission from AI

The Appraiser Qualifications Board has released an exposure draft to address three narrowly defined issues: 1) interpretation of a Practical Applications of Real Estate Appraisal (PAREA) requirement, 2) interpretation of a Valuation Bias and Fair Housing Continuing (VBFH) Education requirement, and 3) retirement of Guide Note 4 on the practicum. 

Originally published in Elevation Strategies' October 25, 2025, newsletter by Sebastian King and Jon Hardister.

The NC General Assembly convened for session this week, where they focused almost exclusively on drawing new maps for the state's congressional districts. While the maps for the congressional districts are typically only redrawn every 10 years after the U.S. Census is completed, there has been a move across the country -- among both blue and red states -- to redraw districts for political advantage heading into the 2026 election cycle.

Originally published in the October 17, 2025, issue of AI’s Appraisal Now
Reprinted with permission from AI

Applications for 4th Quarter 2025 are open through December 8th

Originally published in the October 17, 2025, issue of AI’s Appraisal Now
Reprinted with permission from AI

Last week, the US Senate passed its version of the Fiscal Year 2026 National Defense Authorization Act (NDAA) by a bipartisan vote of 77–20. Before final passage, a “Manager’s Amendment” was adopted that included the Renewing Opportunity to the American Dream (ROAD) to Housing Act, a broad housing package aimed at expanding and preserving housing supply, improving affordability and access, and strengthening oversight of federal housing programs.

Originally published in the October 17, 2025, issue of AI’s Appraisal Now
Reprinted with permission from AI

Fannie Mae has updated its rental income policy to allow income generated from an Accessory Dwelling Unit (ADU) to be considered as part of a borrower’s qualifying income, marking a notable shift in how these secondary units may influence loan eligibility and underwriting decisions.

Originally published in the October 10, 2025, issue of AI’s Appraisal Now
Reprinted with permission from AI

The partial shutdown of the federal government is creating uneven impacts across the mortgage and housing landscape. While some loan programs continue operating, others have slowed or paused entirely—creating uncertainty for lenders, appraisers, and borrowers alike.

Originally published in the October 3, 2025, issue of AI’s Appraisal Now
Reprinted with permission from AI

Now in its sixth year, the IVSC Valuation Webinar Series brings together valuation professionals from around the world to explore the forces shaping the profession in 2025.

Originally published in the October 3, 2025, issue of AI’s Appraisal Now
Reprinted with permission from AI

Some recent media coverage has suggested that inflated appraisals may be contributing to valuation-related lending problems in “fix and flip” scenarios in cities like Baltimore, Maryland. But there’s no evidence to support that claim. What’s really happening is a breakdown in how value premises are interpreted and applied—particularly by institutional investors and analysts who may not fully understand the difference between as-is and as-completed market values.

Originally published in the October 3, 2025, issue of AI’s Appraisal Now
Reprinted with permission from AI

The William S. Harps DEI Award honors an Appraisal Institute Member who truly exemplifies the values of diversity, equity, and inclusion in the valuation profession and has actively worked to make the profession reflective of all the communities we serve. It commemorates the legacy of William S. Harps, MAI—the first African American to earn the MAI designation (1960), former president of the American Institute of Real Estate Appraisers (1981), and a leader in breaking barriers in the appraisal profession. Harps passed in 2009.

Originally published in the October 3, 2025, issue of AI’s Appraisal Now
Reprinted with permission from AI

Recently, an outside group attempted to send messages that mimicked an official Appraisal Institute dues notice. While our systems remain secure, we want to remind members to stay vigilant when reviewing emails that appear to come from the Appraisal Institute or any other organization.

At its November 13-14, 2025, meeting in Chicago, Illinois, the Appraisal Institute Board of Directors will consider proposed amendments to the Appraisal Institute Bylaws and Regulation Nos. 1, 2, 3, 7, 8, and 9 regarding:

• Chief Executive Officer Powers and Duties
• Chief Executive Officer Title
• Course Examination Requirements for Candidates
• National Nominating Committee
• Regular and Special Board Meeting Related Requirements

Unless otherwise noted, the proposed amendments are expected to have no or minimal financial impact. 

Originally published in the September 26, 2025, issue of AI’s Appraisal Now
Reprinted with permission from AI

A new push to modernize the real property appraiser licensing process is underway. The Portal for Appraiser Licensing Act (H.R. 5520) has been officially reintroduced in the U.S. House of Representatives, led by Rep. Barry Loudermilk (R-GA) with bipartisan cosponsors Reps. David Kustoff (R-TN), Daniel Meuser (R-PA), Scott Fitzgerald (R-WI), Brittney Pettersen (D-CO), Joe Neguse (D-CO), and Susie Lee (D-NV).

Congratulations to one of our own! Governor Josh Stein has appointed Laura Gourlay, MAI, AI-GRS to a three-year term on the North Carolina Appraisal Board, ending June 2028. Laura is an executive officer of the North Carolina Chapter of the Appraisal Institute. Currently serving as Secretary in 2025, she will serve as chapter Treasurer in 2026. Laura is the owner of AccuAppraisal of NC, LLC, which is headquartered in Asheville, NC, and whose primary market area encompasses western North Carolina.

She is an expert in Eminent Domain appraising and works full time for the NCDOT as a review appraiser. Her practice also includes appraisal and consulting on a wide variety of commercial real estate. Laura regularly teaches for the NCDOT, and is an AQB Certified USPAP Instructor. 

Originally published in the September 26, 2025, issue of AI’s Appraisal Now
Reprinted with permission from AI

The Department of the Interior (DOI) has begun implementing provisions of the Accelerating Appraisals and Conservation Efforts (AACE) Act, which expands the Department’s authority to procure appraisal services. The law authorizes DOI to contract directly with any certified general appraiser in the United States, but only after first attempting to locate an appraiser in the state where the assignment occurs. This new authority is intended to streamline the Department’s ability to obtain timely appraisals from qualified and cost competitive appraisers, though state-level discussions are beginning to reveal uncertainties in how the law will function in practice.

Originally published in the September 26, 2025, NC General Assembly Update
Author: Jon Hardister of Elevation Strategies

The NC General Assembly convened for session this week, where they voted on several matters and worked to address budgetary issues.

A highlight of our Q3 Chapter Business Meeting in Asheville last week was honoring our newest designee – Brent Koenig, MAI, AI-GRS – who was recognized for his designation by NCAI President Elect Greyson Morgan, MAI.

Brent provides real estate valuation, consulting, research and project management services, and has 22 years of experience in real estate as a manager, director, practice leader, appraiser, owner-builder and project engineer. He has advised lenders, investors, developers and builders on the development of 93,000+ housing units. Brent currently works for Freddie Mac as a Senior Credit Risk Consultant and Senior Review Appraiser.

Originally published in the September 19, 2025, issue of AI’s Appraisal Now
Reprinted with permission from AI

 A federal judge has ruled that Rocket Mortgage and appraisal management company Solidifi must defend themselves against allegations of appraisal bias under the Fair Housing Act.