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:
 
Appraisal Institute Opens Valuation Profession’s Premier Event
7/22/2019 6:34 AM
More than 525 real estate professionals from around the world today attended the opening session of the valuation profession’s most important annual event, hosted by the Appraisal Institute, the nation’s largest professional association of real estate appraisers...Read More
 
Appraisal Institute Condemns NCUA’s Action, Calls for Congressional Oversight
7/18/2019 5:56 AM
The nation’s largest professional association of real estate appraisers vigorously condemned today’s action by the National Credit Union Administration, calling the NCUA’s decision to effectively reduce the number of appraisals required for commercial real estate loans irresponsible, radical and dan [......Read More
 
Valuing Timeshares Requires Special Care: The Appraisal Journal
7/9/2019 3:00 AM
Special care must be taken to understand the timeshare interest and the competitive market in which that interest would sell, according to an article published this week in The Appraisal Journal that explores key issues facing appraisers when valuing timeshares. ...Read More
 
Appraisers Expect Shift in Hospitality Market: Valuation Magazine
7/2/2019 3:00 AM
The nation’s hospitality sector has enjoyed a decade-long hot streak, but is a correction on the way? Appraisers discuss what’s happening in this challenging market in Valuation magazine’s second quarter 2019 issue...Read More
 
Appraisal Institute Urges Congress to Address Valuation Issues
6/20/2019 8:09 AM
The president of the Appraisal Institute, the nation’s largest professional association of real estate appraisers, encouraged Congress to act on valuation topics during today’s hearing on Capitol Hill...Read More
 
Low-cost Landscaping Can Be a Wise Investment: Appraisal Institute
5/29/2019 3:00 AM
The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today advised homeowners to consider basic landscaping improvements that can generate a major return on investment when reselling the property....Read More
 
Valuation Career Opportunities Abound, Appraisal Institute Tells Graduates
5/23/2019 3:00 AM
As the number of real estate appraisers has decreased in recent years, rewarding career opportunities have opened for recent graduates, according to the nation’s largest professional association of real estate appraisers...Read More
 
Complex Residential Properties Offer Challenges to Appraisers, New Book Finds
5/8/2019 5:04 AM
Only by properly identifying and investigating the unique characteristics of condos, co-ops and planned unit developments can appraisers properly value these common but complicated residential properties, according to a new book published by the Appraisal Institute...Read More
 
Exterior Home Renovations Offer Greatest Value: Appraisal Institute
4/24/2019 3:00 AM
The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today advised homeowners to focus on outdoor improvement projects when seeking to improve their home’s value. ...Read More
 
Appraisal Institute, Freddie Mac Unveil New Valuation Course on Manufactured Homes
4/16/2019 3:00 AM
As part of their recently announced collaboration, the Appraisal Institute and Freddie Mac unveiled a new educational offering today in Dallas that is designed to teach appraisers the latest skills on how to value manufactured homes...Read More