Will an appraisal trainee be able to get their required appraisal hours using an online virtual experience? Yes, according to the Appraiser Qualifications Board (“AQB”) and their Practical Applications of Real Estate Appraisal (“PAREA”) initiative. At the...
The Appraiser Qualifications Board’s (AQB) meeting location rotates around the country. This is a rare opportunity to attend an AQB meeting here in our home state. Historically, the AQB has accepted comments from audience members who ask to speak. The Appraiser...
This past weekend, Fannie Mae announced at the Appraisal Institute’s Annual Conference that it would be updating its Selling Guide with a number of changes. The most significant change appears to be the removal of the 1004MC requirement in 1-4 unit residential...
New members of the North Carolina Appraisal Board are expected to be sworn in soon. Governor Roy Cooper is expected to appoint: Mike Warren of Carteret County. Mr. Warren is a certified appraiser. Viviree Scotton of Orange County. Ms. Scotton is a certified...
This week the NC Real Estate Commission warned listing brokers (again) to stop using the square footing in the tax records in their listings. It remains a sad commentary on the profession for so many listing brokers to continue advertising this material fact in...
On December 18, 2015, the North Carolina Supreme Court decided a dispute about whether a lender and appraiser had a legal duty to disclose appraisals to a borrower during the underwriting process. The court ruled in favor of the lender and appraiser, holding that the...
