Home
About Us
Designations
Chapter Leadership
Committees
Chapter Roster
Past Chapter Presidents
Membership
Education & Events
Speaker Presentations
Photo Gallery
Newsletters
Find an Appraiser
Careers
Links
Contact


DESIGNATIONS

Appraisal Institute designated members have met rigorous requirements relating to education, testing, experience and demonstration of knowledge, understanding and ability. Most designated members hold one or more of the following designations: 


MAI Designation

The MAI membership designation is held by appraisers who are experienced in the valuation and evaluation of commercial, industrial, residential and other types of properties, and who advise clients on real estate investment decisions. The current requirements an appraiser must fulfill to receive the MAI designation are the following: 



Education: 

• Receive a passing grade on eleven 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 



SRA Designation

The SRA professional membership designation is held by real estate solutions providers who are experienced in the analysis and valuation of residential real property. The current requirements that an appraiser must fulfill to receive the SRA designation are the following: 




Education: 

• Receive a passing grade on seven examinations that reflect 181 hours of classroom instruction and that test the appraiser’s knowledge of: appraisal principles, residential valuation techniques, report writing and standards of professional practice • Hold an undergraduate degree from an accredited educational institution (or satisfy a specified alternative) 

Experience: 

• Receive credit for 4,500 hours of experience, including 2,000 hours of residential appraisal experience, all of which must meet strict criteria 

Demonstration Report: 

• Receive credit for a demonstration appraisal report relating to a residential 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, or fulfill an approved comparable alternative 




SRPA Designation

The SRPA membership designation is held by appraisers who are experienced in the valuation of commercial, industrial, residential and other types of property. The requirements that an appraiser must have fulfilled for the SRPA designation were the following: 




Education: 

• Received a passing grade on a series of examinations that tested the appraiser’s knowledge of basic and advanced real estate principles, procedures and applications and standards of professional practice • Held an undergraduate degree from a four-year accredited educational institution (or satisfy specified alternatives) 

Experience: 

• Received credit for real estate appraisal experience, at least half of which had to relate to income-producing properties 

Demonstration Report: 

• Received credit for one income property demonstration appraisal report, which exhibited two forms of depreciation, physical incurable deterioration or functional or external obsolescence. 




AI-GRS Designation

The AI-GRS membership designation is held by professionals who can provide reviews of appraisals of a wide range of property types, including commercial, industrial, agricultural, residential, vacant land and others.

To become an AI-GRS Designated member of the Appraisal Institute, an individual must: 

• Have a good moral character. 
• Meet standards and ethics requirements. 
• Meet special education requirements. 
• Pass a comprehensive examination.
• Possess experience in general appraisal review that meets specific standards. 

These individuals possess experience and knowledge that give them the tools to address the issues unique to general and commercial real property review appraisals. AI-GRS Designated members agree to adhere to the Appraisal Institute code of professional ethics and standards of professional appraisal practice, underscoring their commitment to sound and ethical professional practice.

Continuing education requirements help AI-GRS Designated members stay informed of developments pertaining to review appraisals, enabling them to provide review appraisals reflecting the latest in professional practice.



AI-RRS Designation

The AI-RRS membership designation is held by professionals who can provide reviews of residential appraisals.

To become an AI-RRS Designated member of the Appraisal Insitute, an individual must: 

• Have a good moral character. 
• Meet standards and ethics requirements. 
• Meet special education requirements. 
• Pass a comprehensive examination.
• Possess experience in residential appraisal review that meets specific standards. 

These individuals possess experience and knowledge that give them the tools to address the issues unique to residential real property review appraisals. AI-RRS Designated members agree to adhere to the Appraisal Institute code of professional ethics and standards of professional appraisal practice, underscoring their commitment to sound and ethical professional practice.

Continuing education requirements help AI-RRS Designated members stay informed of developments pertaining to review appraisals, enabling them to provide review appraisals reflecting the latest in professional practice.