| What is
the Appraisal Institute? |
| With a history spanning over 60 years, the Appraisal
Institute is the acknowledged leader in real estate appraisal education,
research, publishing, and professional membership designation
programs. The Appraisal Institute encourages appraisers to go beyond
the minimum requirements of state licensing and certification by
participating in these programs. The organization is committed to
improving the level of appraisal services by providing the skills required
to complete increasingly complex appraisal assignments. Additional
information can be found at the Appraisal Institute website. |
|
What do the designations mean? |
| As the world's leading organization of professional real estate
appraisers, the Appraisal Institute has general appraisal members who hold
the MAI, SRPA, or SREA designation and residential appraisal members who
hold the SRA or RM designation. Identified by their experience and
knowledge of real estate valuation, these members adhere to a strictly
enforced Code of Professional Ethics and Standards of Professional
Appraisal Practice. Currently, the Appraisal Institute confers one
general designation, the MAI, and one residential designation, the SRA.
|
MAI - The MAI membership designation is held by appraisers who
are experienced in the valuation of commercial, industrial, residential,
and other types of properties, and who advise clients on real estate
investment decisions.
|
SRPA - The SRPA membership designation is held by appraisers
who are experienced in the valuation of commercial, industrial,
residential, and other types of properties.
|
SREA - The SREA membership is held by appraisers who are
experienced in real estate valuation and analysis and who advise clients
on real estate investment decisions.
|
SRA - The SRA membership designation is held by appraisers who
are experienced in the valuation of single-family homes, townhouses, and
residential income properties of up to and including four units
|
RM - The RM membership designation is held by appraisers who
are experienced in the valuation of single-family dwellings and two-,
three-, and four-unit residential properties.
|
| Appraisal Institute professional membership designations are conferred
on individuals who have met stringent education requirements and have
demonstrated appraisal experience. Once designated, members
participate in a program of continuing education. Training in
up-to-date valuation techniques, coupled with experience and integrity,
make Appraisal Institute members the preferred source for high-quality
appraisal services.
|
| How do I become a member of the
Appraisal Institute? |
| Complete information on membership can be found on the Appraisal
Institute website. |
