By Greyson Morgan, MAI, NCAI President-Elect
NCAI and the Government Relations Committee have been working diligently and have made significant positive progress in recent months at the North Carolina Capitol!
Thank you to everyone who came out to Congdon Yards in High Point last week for NCAI's Q2 Chapter Business Meeting. The meeting was a great success: we got a lot accomplished, we connected with old friends and industry peers, and we enjoyed an evening of socializing and fun at the Carolina Core FC game!
(L-R): Greyson Morgan, Brian Crowder, Scott DiBiasio, Mike Elwell, Laura Gourlay, Erica Butler
and NCAI President Kelli Mayhew
Our membership keeps growing. We're thrilled to introduce the following new members of the North Carolina Chapter of the Appraisal Institute:
Associate Member
The North Carolina Chapter of the Appraisal Institute would like to congratulate William Christopher Morris for earning the distinguished MAI designation. Chris has been employed with IRR-Raleigh since July of 2017. His coverage area includes southern Virginia and all of North Carolina. He covers all property types for lenders, owners, funds, municipalities, and government agencies for both lending purposes and eminent domain purposes.
Chris's father, Chris R. Morris, MAI, FRICS, Senior Managing Director at Integra Realty Resources, is a long time member of NCAI. Says Chris of his son, “Christopher has displayed significant perseverance in his journey from researcher to trainee to certified general appraiser to MAI. During this process, he’s quickly expanded his competency for the primary property types, along with the eminent domain sector. In addition, he has developed meaningful relationships with top brokerage professionals across NC and the Southeast. I’m ecstatic for both of us that the destination has been reached.”
We're excited to introduce the membership to our new executive director, Jonathan Lugo. Jonathan brings to NCAI a strong background in youth development and nonprofit leadership, bringing over 15 years of experience to the organization. Originally from Brooklyn, NY, Jonathan relocated to Charlotte, NC three years ago to begin a new chapter, continuing his passion for helping people and building meaningful connections.
A graduate of CUNY Baruch College, Jonathan has a diverse professional background that includes program development, event planning, and sports management. He also holds a foundation in commercial dance and has always been driven by creativity, community impact, and high-energy environments. Jonathan is an avid sports fan—especially basketball—and enjoys volunteering whenever possible to give back to his community.
Our membership keeps growing. We're thrilled to introduce the following new members:
Associate Member
The first annual Appraisal Institute Legislative Day was held in conjunction with the Leadership Development and Advisory Council (LDAC) meeting May 14-16, in Washington, DC.
(L-R): Keith Bolte, Erica Butler, Richard Earley, Brian Crowder and Laura Gourlay
This slate is presented by the North Carolina Chapter’s 2025 Nominating Committee, comprised of: Michael Elwell, MAI, SRA (Chair); Vanessa Hall, MAI, AI-GRS; Joyce Pusey, SRA, AI-RRS; Joel Tate, SRA; and Chris Johnson, MAI, SRA, AI-GRS.
The underlined below denotes the members selected to fill the positions listed. Approval of this slate will be voted on at the Q2 Chapter Business Meeting held in High Point, NC on June 11, 2025.
The Main Point
The Appraisal Institute is facing a crisis. In this message, you will learn about the events that have occurred to date, how the fallout has impacted us, and what we can do to move forward.
Background
On Thursday, May 8th, the New York Times published an article titled “Appraisal Trade Group Accused of Covering Up Sexual Harassment and Test Flaws.” You can read it here. Many disturbing allegations were made in the article including wrongful termination and sexual harassment claims by a former employee.
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.
NCAI had a very good day at the NC Capitol on Tuesday, April 29th for Legislative Affairs Day. Team NCAI was represented by a phenomenal group of members, including Kelli Mayhew, Mike Elwell, Vanessa Hall, Erica Butler, Richard Earley, Nathan Pippin, Greyson Morgan, and Shep Overton. NCAI was joined by our NC lobbyists Jon Hardister and Sebastian King of Elevation Strategies, LLC, and by AI Director of Legislative Affairs, Scott DiBiasio. Our lobbyists were absolutely pivotal in promoting and protecting our interests.
Front Row (L-R): Jon Hardister, Erica Butler, Kelli Mayhew, Linda Nelson, Greyson Morgan, and Scott DiBiasio. Back Row (L-R): Richard Earley, Vanessa Hall, Mike Elwell, Nathan Pippin, Shep Overton and Monica Long
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.
“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.
In honor of International Women’s Day, the North Carolina Chapter of the Appraisal Institute would like to recognize the women in past and present leadership.
As a Chapter, expanding our inclusion of women and encouraging leadership makes us stronger. We would like to highlight those that are currently serving in Chapter leadership positions along with the NCAI Presidents that came before us.
The North Carolina Chapter of the Appraisal Institute would like to thank Barry and Tracy Pomeroy for their $5,000 donation to the Scholarship Fund in honor of their son, Rudy Pomeroy, MAI, SRA. Mr. Pomeroy has been an active member of NCAI since 2009 and is currently serving as a member of the chapter's Board of Directors. Mr. Pomeroy has also served as a Region V Representative on behalf of NCAI, as the Chair of the Public Relations Committee, and as a member of the Candidates / Practicing Affiliates Committee.
Mr. Pomeroy owns AAA Valuations, headquartered in Belmont, NC, and has provided professional real estate appraisal and valuation services in North and South Carolina since 2017. The company specializes in eminent domain and condemnation appraisals for public entities throughout the state. Their projects involve valuations of uneconomic remnants, damages from various sources including but not limited to access and visibility, the estimated cost to cure analysis, and typical diminution damages from right-of-way and easement acquisitions. AAA Valuations takes pride in providing service excellence daily and works hard to communicate early and often with their clients. Their primary objective is to provide professional real estate services that are timely and cost-effective for their clients. The ultimate goal at AAA Valuations is “To make our client look good. We pride ourselves on our strong work ethic and sound judgment in assisting our clients with their valuation needs. AAA Valuations is proud to have women and minority representation within our ownership structure, reflecting our commitment to diversity and inclusion. AAA Valuations’ commitment to staff engagement supports our initiative to attain and maintain a diverse workforce, leading to high performance and productivity.”
As winter approaches, thousands of WNC families remain in need of critical supplies and materials to recover and rebuild. Your donation goes directly toward purchasing supplies, fuel, and equipment for the families of WNC. Please click one of the links below:
Originally published on July 13, 2023, by the McKinsey Global Institute.
When the COVID-19 pandemic began, it dramatically changed the way people worked, lived, and shopped in cities around the world. The starkest change was where and how they worked. Obeying lockdowns and office closures, tired of uncomfortable masks, and enabled by remote-work technology, many employees abruptly retreated from traditional offices to home offices. Many of those employees, newly freed from their daily commutes, chose to move out of urban cores. And now that fewer of them were working and living near urban stores, fewer of them shopped there. In recent months, some of those behavioral shifts have slowed. Others persist, particularly among office employees continuing to engage in hybrid work (that is, a combination of remote and in-office work).
Join fellow members and guests later this month to congratulate newly designated members, hear committee updates about the Chapter’s summer activities and find out what lies ahead for the Fall/Winter!
Make sure to register prior to joining the meeting to receive the 2 AI credits.
Originally published on April 27, 2021 by Isabelle Novak for Redfin
SEATTLE, April 27, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Prices of urban single-family homes are rising nearly 20% year over year—faster than any other type of home—according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. But this year's hot housing market doesn't discriminate: Urban condo sales are up nearly 30% year over year, more than any other home type.
Originally published on April 22, 2021, by ATTOM Staff for ATTOM Data Solutions Blog.
IRVINE, Calif. — Apr. 22, 2021 — ATTOM Data Solutions, curator of the nation’s premier property database, today released its first-quarter 2021 Special Coronavirus Report spotlighting county-level housing markets around the United States that are more or less vulnerable to the impact of the Coronavirus pandemic that continues to impact the U.S. economy. The report shows that states along the East Coast, as well as Illinois, were most at risk in the first quarter of 2021 – with clusters in the New York City, Chicago and southern Florida areas – while the West continued to face less risk.
