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:
 
Home Values Rebound from Oil Spills: The Appraisal Journal
4/13/2018 3:00 AM
Home values in Golden Beach, Maryland, near an April 2000 oil spill dropped in the short term, but rebounded after two years, according to a study published this week in The Appraisal Journal...Read More
 
New Appraisal Institute Book Examines Appraisers’ Role in Arbitration
4/3/2018 5:55 AM
Valuation professionals can serve as arbitrators, expert witnesses or consultants during the arbitration process and can provide valuable input from the preliminary hearing to final award, according to a new book published by the Appraisal Institute...Read More
 
Appraisal Institute Opens Registration for 2018 Annual Conference
3/26/2018 3:00 AM
The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today announced that registration is open for its 2018 Annual Conference, July 30-Aug. 1, in Nashville, Tennessee. ...Read More
 
Outdoor Home Improvements Provide Greatest Value: Appraisal Institute
3/20/2018 3:00 AM
The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today encouraged homeowners to prioritize outdoor renovation projects when seeking to increase their potential return on investment. ...Read More
 
Appraisal Institute Leads 34 Groups in Advancing Changes to Bank Regulation Bill
3/13/2018 6:46 AM
The nation’s largest professional association of real estate appraisers today led nearly three dozen valuation organizations in applauding revisions to a bipartisan Senate bill that would roll back many post-financial-crisis banking rules found in the Dodd-Frank Act...Read More
 
Appraisers Key to Property Tax Appeals, Appraisal Institute Says
2/28/2018 2:00 AM
Highly qualified appraisers are able to assist homeowners with appeals of property taxes, which can be a homeowner’s largest annual expense, the nation’s largest professional association of real estate appraisers said today....Read More
 
Appraisal Institute Officers Outline 2018 Plans: Valuation Magazine
1/4/2018 2:00 AM
The Appraisal Institute"s 2018 elected officers discuss the opportunities and challenges facing the real estate valuation profession – and their plans to address these issues – in a wide-ranging article published in Valuation magazine’s fourth quarter 2017 issue...Read More
 
Jim Murrett to Become President of Appraisal Institute on Jan. 1
12/28/2017 2:00 AM
James L. Murrett, MAI, SRA, of Hamburg, New York, will begin his one-year term as president of the Appraisal Institute on Jan. 1. The Appraisal Institute is the nation’s largest professional association of real estate appraisers with nearly 19,000 professionals in almost 60 countries....Read More
 
New Appraisal Institute Book Addresses Subdivision Valuation Practices
12/21/2017 6:35 AM
Subdivision analysis is a challenging area of appraisal practice because of the complex timeline concepts and value estimates involved, according to a new book published by the Appraisal Institute...Read More
 
Valuing Flood-prone Buildings Poses Challenges: The Appraisal Journal
12/20/2017 2:00 AM
Remodel and repair of structures along coastlines and in flood zones requires valuation professionals to have extensive knowledge, according to an article published this week in The Appraisal Journal...Read More