NORTH CAROLINA
APPRAISAL BOARD
Volume 13
Winter 2003
Number 1
Bryson Reappointed
Upon nomination by Speaker of the House James B. Black,
Governor Michael F. Easley has announced the reappointment of
Board Chair Bart Bryson to the Appraisal Board for a term that
expires June 30, 2005. Mr. Bryson began his service to the Board
in 1999.
A State-Certified General appraiser and member of the
Appraisal Institute, Mr. Bryson worked eleven years with the
North Carolina Department of Transportation Appraisal
Bart Bryson Department in Asheville. He currently heads Bryson Properties
in Hendersonville and has since 1970. He also holds a real estate
brokers license in North Carolina and South Carolina.
Mr. Bryson is the only person to chair both the North Carolina Appraisal Board and
the North Carolina Real Estate Commission, which he did in 1983-1984. He has also
served as president of The Appraisal Institute, Chapter 40, the Society of Real Estate
Appraisers, and the Hendersonville Board of Realtors. He has also served as the
Regional Vice-President of the North Carolina Association of Realtors.
Mr. Bryson and his wife, Joyce, have one son, Byron. □
Ford Joins Staff
Paula Ford has
joined the Ap¬
praisal Board staff as
the new Appraiser
Clerk. A native of
Charlotte, Ms. Ford
attended East Caro¬
lina University.
While in Char¬
lotte, Ms. Ford was associated with the
Charlotte-Mecklenburg library system and
later as a book buyer for a chain of six stores.
Ms. Ford moved to Raleigh in the early 1990s.
After moving to Raleigh, she worked in the
insurance industry for a number of years.
In her new position, Ms. Ford will be
responsible primarily for providing support to
the Board's Legal Counsel and for mainte¬
nance of the licensee files.
Ms. Ford has one daughter and son-in-law
and two cats. She enjoys reading, gardening,
writing, cross-stitching, photography and
learning foreign languages. □
USPAP CLASSES
A summary of
the requirements
Question: 1 understand that effec¬
tive July 1, 2003, all trainees and ap¬
praisers must take the 7-hour National
USPAP Update class every two years.
What if I take this 7-hour course before
July 1, 2003?
Answer: The Board’s administrative
rule requires appraisers who need
continuing education to successfully
complete the 7-hour USPAP Update
course between July 1, 2003 and June
30, 2005 in order to renew their license
in 2005. Appraisers may successfully
complete any approved continuing edu¬
cation course, including the 7-hour
USPAP Update course, for credit before
or during this two-year period. Ap¬
praisers may, therefore, take the 7-hour
USPAP Update course before June 30,
(continued on page 2)
1
USPAP STANDARDS RULE 1-5
More on the
3-Year Rule and
Normal Course
of Business
The Appraisal Board notified all
North Carolina appraisers of the
changes to USPAP Standards Rule 1-5
in the fall 2002 edition of the
Appraisereport and also by sending
notice by first class mail. Effective as of
January 1, 2003, USPAP now requires
appraisers to analyze all sales of the
subject property that occurred within
the three years prior to the effective
date of the appraisal if such information
is available to the appraiser in the nor¬
mal course of business. Two areas
where appraisers have had additional
questions are (1) the applicability of the
three-year sales history requirement to
comparable sales and (2) the meaning
of “normal course of business.”
3-Year Rule
Standards Rule 1-5 requires an
appraiser to analyze all sales of the sub¬
ject property. The rule does not
require, nor does it mention, the analy¬
sis of comparable sales. Appraisers
may be confused on this issue because
several clients require appraisers to
search the sales history of comparable
sales. These requirements are supple¬
mental standards. Appraisers should
check with their clients as to whether a
three-year sales history on comparable
sales would be required.
Normal Course of Business
Appraisers routinely use information
obtained from homeowners, MLS, tax
records and G1S systems when research-
(continued on page 2)
Paula Ford
