Appraisal Institute
From Wikinvestor
The Appraisal Institute is a Chicago, Illinois-based international association for professional real estate appraisers formed in 1991 from the merger of the American Institute of Real estate Appraisers and the Society of Real estate Appraisers As of February 2007, the association has more than 21,000 members and 99 chapters throughout the United States, Canada and overseas.[1]
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Education
The institute’s two most widely known designations are the "SRA designation" for appraisers of residential real estate and the Member of the Appraisal Institute|MAI designation for appraisers of commercial and industrial real estate.
The institute provides residential and commercial real estate appraisal education, research, publishing and professional membership designation programs. Its extensive curriculum of courses and specialty seminars, offered both in the classroom and online, provide a solid education in valuation methodology for both the novice and seasoned practitioner. 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 for the good of the general public.
Pending merger
On March 5, 2007 the institute and two other appraisal organizations, the American Society of Appraisers and the American Society of Farm Managers and Rural Appraisers, announced the merger of its governing boards to form one professional appraisal organization. Due to the multi-discipline nature of the new unified group (encompassing real property, personal property and intangible property), it will be "broadly referred to as the "property economics profession", according to the announcement.
