If your assignment calls for an MAI designated appraiser, contact us for a competitive quote!



rightMAI designation (source: The Appraisal Institute)
MAI stands for Member, Appraisal Institute. The Appraisal Institute is an international membership association of professional real estate appraisers, with more than 18,000 members and 99 chapters throughout the United States, Canada and abroad. Its mission is to support and advance its members as the choice for real estate solutions and uphold professional credentials, standards of professional practice and ethics consistent with the public good. The MAI designation, its most prestigious, is held by appraisers who are experienced in the valuation of commercial, industrial, residential, and other types of property and who advise clients on real estate investment decisions.

MAI designates must meet the following requirements:

Education:

  • Receive a passing grade on 11 examinations that reflect 380 hours of classroom instruction and that test the appraiser’s knowledge of basic and advanced appraisal principles, procedures and applications; report writing; valuation analysis and standards of professional practice
  • Receive a passing grade on a four-module, two-day comprehensive examination
  • Hold an undergraduate degree from a four-year accredited educational institution
Experience:

Receive credit for 6,000 hours of experience, including 3,000 hours of specialized appraisal experience, all of which must meet strict criteria.

Demonstration Report:

Receive credit for a demonstration appraisal report relating to income-producing property that demonstrates the ability to present a properly supported value estimate or opinion evaluating the nature, quality or utility of a parcel of real estate or any interest in, or aspect of, real property, including handling physical incurable depreciation, or fulfill an approved comparable alternative. Because of its rigorous requirements and commitment to providing valuable information, continuing education and other valuable resources to its members, you can be confident and appraiser with an MAI designation will provide you with the very highest quality service on virtually any appraisal assignment, even the most complex commercial appraisal.

If your assignment calls for an MAI designated appraiser contact us for a competitive fee quote!
Appraisal Institute News:
 
Don’t Like Your Home’s Appraisal? Here’s What You Can Do
10/17/2017 3:00 AM
If consumers are unhappy with the appraisal of a home they’re buying or selling, they have options available to them, the president of the nation’s largest professional association of real estate appraisers said today....Read More
 
New Transportation Options Could Reshape Real Estate: Valuation
9/26/2017 3:00 AM
Innovations in transportation, like electric cars and “on demand” options, could significantly impact the valuation of real estate in the future, according to an article in Valuation magazine’s third quarter 2017 issue....Read More
 
Overhead Lines Have Little Impact on Property Values: The Appraisal Journal
9/21/2017 3:00 AM
Despite negative public perception, high-voltage overhead transmission lines have little impact on nearby property values, according to an article published this week in The Appraisal Journal...Read More
 
Appraisal Institute Joins 35 Groups Seeking to Halt Appraisal Waivers
9/7/2017 3:00 AM
The Appraisal Institute, the nation’s largest professional association of real estate appraisers, on Wednesday joined with nearly three dozen appraiser organizations in asking Congress to call on the Federal Housing Finance Agency to prevent Freddie Mac and Fannie Mae from issuing appraisal waivers. [......Read More
 
Appraisal Institute Accepts CEO’s Resignation
8/25/2017 10:24 AM
The Board of Directors of the nation’s largest professional association of real estate appraisers accepted the resignation of Chief Executive Officer Frederick H. Grubbe, MBA, CAE, on Thursday after more than 10 years of service....Read More
 
Jeff Sherman Elected 2018 Appraisal Institute Vice President
8/25/2017 3:00 AM
Jefferson L. Sherman, MAI, AI-GRS, of Highland Heights, Ohio, was elected 2018 vice president of the nation’s largest professional association of real estate appraisers Thursday by its Board of Directors in Chicago....Read More
 
Appraisal Institute Book Helps Value ‘Green’ Commercial Real Estate
8/9/2017 3:00 AM
Commercial real estate valuation professionals must master a new set of terminology and concepts to identify and understand “green” property characteristics and to recognize their effects on market demand and value, according to a new book published by the Appraisal Institute...Read More
 
Valuation Professional Receives Unique Honor from Appraisal Institute
7/12/2017 3:00 AM
The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today announced it has – for the first time – bestowed its residential review designation to a previously non-Designated member....Read More
 
Evolving Retail Landscape Challenges Appraisers: Valuation Magazine
6/29/2017 3:00 AM
As retailers quickly evolve to stay competitive with ecommerce, appraisers should understand how these changes can affect the valuation of retail properties, according to an article published in Valuation magazine’s second quarter 2017 issue. ...Read More
 
Cart Paths Can Devalue Golf Course Condos: The Appraisal Journal
6/27/2017 6:15 AM
Golf course condominiums located near cart paths – especially those close to tee boxes and putting greens – can sell for lower prices than other golf course condos, according to an article published this week in The Appraisal Journal...Read More