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:
 
Current Use is Key Factor for Retail Valuation in the Age of Amazon: The Appraisal Journal
12/13/2018 2:00 AM
Financial statements should be used when appraising retail properties to determine the “durability of the current use” as Amazon and e-commerce threaten brick and mortar retail sales, according to a study published this week in The Appraisal Journal...Read More
 
Appraisal Institute Joins 17 Groups Opposing Credit Union Administration’s Proposed Action
12/4/2018 4:09 AM
The nation’s largest professional association of real estate appraisers joined 17 other organizations Monday in saying it “strongly opposed” the National Credit Union Administration’s plan to reduce the number of non-residential real estate loans requiring appraisals...Read More
 
Appraisal Institute Seeks Speakers for 2019 Annual Conference
11/13/2018 2:00 AM
The Appraisal Institute, the nation’s largest professional association of real estate appraisers, is accepting proposals for presentations at its 2019 Annual Conference, July 22-24, at the Hyatt Regency Denver. The deadline is 5 p.m. CST Dec. 3...Read More
 
Now Is the Time to Winterize Homes, Appraisal Institute Says
11/8/2018 2:00 AM
How should you prepare your home for winter? When should you begin? To increase the chances of improving your home’s value, ask a real estate appraiser before starting...Read More
 
New Appraisal Institute Book Examines Condemned Properties
10/30/2018 3:00 AM
Appraisers who value properties subject to eminent domain are likely to find themselves in court, explaining and defending their analysis and opinions, according to a new book published by the Appraisal Institute...Read More
 
Coastal Appraisers Soon to Face Rising Sea Levels: Valuation Magazine
10/24/2018 3:00 AM
The effects of rising sea levels are becoming increasingly real to coastal communities and property owners, with homes and commercial properties valued at more than $1 trillion potentially at risk from rising waters by 2100, according to an article in Valuation magazine’s third quarter 2018 issue. [......Read More
 
Highest and Best Use Analysis Key to Retail Valuation: The Appraisal Journal
10/16/2018 3:00 AM
The highest and best use analysis should dictate the methods and approaches applied in valuation analysis, according to a study published this week in The Appraisal Journal...Read More
 
‘Green’ Home Improvements Can Pay Off: Appraisal Institute
10/4/2018 3:00 AM
The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today encouraged home sellers to consider making energy-efficient improvements to their properties and urged potential buyers to seek homes with those features. ...Read More
 
Appraisal Institute Opposes Bills Raising Thresholds for SBA Loans
9/25/2018 3:00 AM
Citing significant risks to taxpayers, the Appraisal Institute on Monday urged the U.S. House of Representatives to turn back legislation that would virtually eliminate appraisal requirements for the Small Business Administration’s two largest loan programs. Votes on two related bills are expected t [......Read More
 
Appraisal Institute Unveils Property Use Classification System
9/11/2018 3:00 AM
The nation’s largest professional association of real estate appraisers today unveiled an information system that classifies and describes property uses and assists real estate analysts and others with their property use data storage and analysis. ...Read More