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:
 
Residential Appraisers Play Key Role in Real Estate, New Book Says
2/18/2020 2:00 AM
Residential real estate appraisers need education, knowledge and experience to perform their valuation assignments competently, according to a book published today by the Appraisal Institute, the nation’s largest professional association of real estate appraisers...Read More
 
Appraisers are Valuable Resource in Property Tax Appeals, Appraisal Institute Says
2/11/2020 2:00 AM
When appealing their property taxes – which can be among their largest annual expenses – homeowners should consider hiring an experienced local appraiser who can help navigate the process, the nation’s largest professional association of real estate appraisers said today....Read More
 
Appraisal Institute Pushes to Improve Regulatory Climate: Valuation Magazine
1/30/2020 4:51 AM
The Appraisal Institute is pushing to improve the regulatory climate for real estate appraisers and to educate policymakers on the importance of sound appraisal practices, according to an article in Valuation magazine’s fourth quarter 2019 issue...Read More
 
Appraisal Institute Seeks to Expand Valuation Profession Leadership in 2020
1/21/2020 2:00 AM
The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today announced that the organization will seek in 2020 to expand its leadership of the valuation profession and to enhance its reputation among stakeholders....Read More
 
National Statistics and Trends Can Augment Local Multifamily Appraisals: The Appraisal Journal
1/2/2020 2:00 AM
Opinions of value can recognize both local and national indicators when appraisers value multifamily rental properties, according to an article published this week in The Appraisal Journal...Read More
 
Jefferson Sherman to Become President of Appraisal Institute on Jan. 1
12/19/2019 2:00 AM
Jefferson L. Sherman, MAI, AI-GRS, of Highland Heights, Ohio, 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 18,000 professionals in almost 50 countries....Read More
 
Don’t Wait to Winterize Your Home, Appraisal Institute Advises
11/20/2019 2:00 AM
CHICAGO (Nov. 20, 2019) – The nation’s largest professional association of real estate appraisers today advised homeowners not to wait for the upcoming cold months to winterize their property. ...Read More
 
Appraisal Institute Premieres Solar Photovoltaic Seminar
11/14/2019 2:00 AM
The Appraisal Institute, the nation’s largest professional association of real estate appraisers, premiered a four-hour classroom seminar on developing the value of solar photovoltaic systems today in Chicago...Read More
 
Appraisal Institute Seeks Speakers for 2020 Annual Conference
11/5/2019 2:00 AM
The Appraisal Institute, the nation’s largest professional association of real estate appraisers, is accepting proposals for presentations at its 2020 Annual Conference, Aug. 3-5, at the JW Marriott in Orlando, Florida. The deadline is 5 p.m. CST Nov. 25...Read More
 
Appraisers Provide a Wide Variety of Services, Appraisal Institute Says
10/24/2019 3:00 AM
Hiring a Designated Member of the Appraisal Institute can provide a broad range of benefits to commercial and residential clients, the president of the nation’s largest professional association of real estate appraisers said today....Read More