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:
|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 that an appraiser must fulfill to receive the MAI designation are as follows:|
Experience: Receive credit for 6,000 hours of experience, including 3,000 hours of specialized appraisal experience, all of which must meet strict criteria.
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