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MAI 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.


Appraisal Institute News:
 
Sandra Adomatis Elected 2022 Appraisal Institute Vice President
8/13/2021 3:30 AM
Sandra K. Adomatis, SRA, of Punta Gorda, Florida, was elected 2022 vice president of the nation’s largest professional association of real estate appraisers Thursday by its Board of Directors during the Board’s meeting in Orlando, Florida....Read More
 
Appraisal Institute Honors 20 National Award Winners
8/10/2021 9:30 AM
J. Scott Robinson, MAI, SRA, AI-GRS, AI-RRS, of Salisbury, North Carolina (posthumously); Arlen C. Mills, MAI, SRA, SRPA, of Sonoma, California; Terrell R. Oetzel, MAI, of East Lansing, Michigan; and Jim Amorin, MAI, SRA, AI-GRS, of Chicago, were honored Tuesday with the Appraisal Institute’s Lifeti [......Read More
 
Chase Commits $3 Million to Appraiser Diversity Initiative
8/10/2021 3:00 AM
The Appraisal Institute, Fannie Mae and Freddie Mac today announced that Chase has made a $3 million commitment to the Appraiser Diversity Initiative. In addition to the Chase commitment, Freddie Mac has joined the Appraiser Diversity Initiative as a core partner, providing additional resources and [......Read More
 
Pandemic Continues to Impact Entertainment Real Estate Values: Valuation Magazine
7/27/2021 3:00 AM
It’s likely to take a year or two for entertainment real estate values to get past the economic shock of the coronavirus pandemic, according to an article in Valuation magazine’s second quarter 2021 issue...Read More
 
Differences in Asset Quality Must be Considered When Valuing Golf Courses: The Appraisal Journal
7/21/2021 2:59 AM
Valuation professionals should consider the differences in the business intangible property and real property of public golf facilities and of private golf and country clubs, according to an article published this week in The Appraisal Journal....Read More
 
Appraisal Institute Encourages Graduates to Consider the Valuation Profession
6/17/2021 4:06 AM
The Appraisal Institute, the nation’s largest professional association of real estate appraisers, is seeking new faces and encourages recent graduates to consider a career in the valuation profession....Read More
 
Appraiser Diversity Initiative Sponsorship Program Seeks Applicants
6/4/2021 4:30 AM
The Appraisal Institute, in collaboration with Fannie Mae and the National Urban League, today announced it is seeking applicants for their Appraiser Diversity Initiative Sponsorship Program...Read More
 
Appraisal Institute Offers Landscaping Tips for Homeowners
5/27/2021 3:00 AM
The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today encouraged homeowners to hire an appraiser to offer ideas about how to enhance their property’s landscaping and potentially boost their sales price....Read More
 
Complete Smart and Necessary Home Renovation Projects: Appraisal Institute
5/11/2021 3:00 AM
The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today encouraged homeowners to focus on cost-efficient improvement projects when seeking to potentially improve their property’s value during the ongoing coronavirus pandemic. ...Read More
 
Appraisal Institute Continues to Fight Unconscious Bias: Valuation Magazine
4/27/2021 3:00 AM
Bias, both unconscious and structural, present a wide-ranging, multifaceted challenge to the real estate industry and have deep historical roots, according to an article in Valuation magazine’s first quarter 2021 issue...Read More