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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 appraisers 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 appraisers 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
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.
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