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:
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.