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Long
Island
Chapter Mineola, NY 11501 - (516) 248-8964 Fax: (516) 248-0853 Chapter secretary, Francine Morgenstern |
The Appraisal Institute is the acknowledged leader in residential and commercial real estate appraisal education, research, publishing, and professional membership designation programs. The Appraisal Institute was established when the American Institute of Real Estate Appraisers and the Society of Real Estate Appraisers merged in January 1991. Both organizations were formed during the 1930s to help standardize the appraisal process by promoting professional education and upholding high ethical standards.
Membership
The Appraisal Institute has more than 18,000 members and 98 chapters across the country. Designated members are professionals who have met stringent requirements and most exceed state licensing and certification for education and experience. Approximately 20% of all licensed or certified appraisers have earned the right to be called Appraisal Institute members. The organization offers three membership categories: affiliate membership, associate membership and designated membership. To become a designated member one must successfully complete advanced courses, submit thousands of hours of verified appraisal experience, and receive a passing grade on a demonstration report documenting the individual’s expertise with regard to all aspects of the appraisal process.
Designations
The Appraisal Institute has general appraisal members who hold the MAI or SRPA designations and residential appraisal members who hold the SRA designation.
| • | The MAI 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 SRPA designation is held by appraisers who are experienced in the valuation of commercial, industrial, residential and other types of property. |
| • | The SRA membership designation is held by real estate solutions providers who are experienced in the analysis and valuation of residential real property. |
Education
The Appraisal Institute and its chapters conduct introductory and advanced
courses and seminars that address the needs of appraisers just entering
the profession as well as seasoned practitioners.
Publications & Library
The Appraisal Institute is the world’s largest publisher of real estate
appraisal literature. It is the publisher of The Appraisal of Real
Estate, the authoritative text on real estate appraisal now in its
twelfth edition, and The Dictionary of Real Estate Appraisal. In
addition to these two classic reference works, the Appraisal Institute
offers over 60 books on a wide variety of subjects ranging from basic
valuation theory and techniques to advanced applications. The organization
also publishes two quarterly periodicals: The Appraisal Journal
and Valuation Insights & Perspectives magazine. The Appraisal
Institute’s Lum Library houses the largest English-language collection of
real estate valuation literature in North America.
Advocacy
The Appraisal Institute’s Washington, D.C., office maintains ongoing
communications with federal and state legislators and regulators to
encourage the adoption of appraisal policies that best serve the public
interest.
Professional Ethics/Peer Review
The Appraisal Institute enforces a Code of Professional Ethics and
Standards of Professional Appraisal Practice, under which all members
agree to conduct their professional activity. The Appraisal Institute also
provides a peer review procedure that may result in counseling or
disciplinary action for violations of ethical or standards rules.
On-Line Information and Services Via The World Wide
Web
The Appraisal Institute maintains an informative Web site that is
continually updated. The Web site address is:
www.appraisalinstitute.org
The Web site features an online newsletter, Appraiser News Online,
as well as Find An Appraiser, an easily accessible database of
Appraisal Institute designated and associate members that can be searched
by geographic location and other pertinent criteria. The site also
provides a variety of other information including its JobSearch and
InfoExchange pages, continually updated course and seminar schedules and a
series of informative brochures for consumers and others in need of
appraisal services.
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Appraisal Institute
Designations
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National Appraisal Institute Member Info/Resources
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National Appraisal Institute Member Only Section
- Associate Members Resource Page
REASONS FOR USING AN APPRAISER
In our complex society, you may need and use the services of a professional real estate appraiser for a variety of reasons. Depending upon an appraiser's designation and qualifications, he or she can provide some or all of these services:
- Appraisals - Residential or Commercial
- Arbitration
- Absorption Studies
- Business Valuation
- Counseling and Consulting
- Condemnations
- Evaluations
- Expert Witness Testimony
- Litigation Preparation
- Cost & Benefit Studies
- Feasibility Studies
- Management Advice
- Market Analysis
- Market Rent & Trend Studies
- Operating Expense Analysis
- Tax Assessment Review and Advice
- Zoning Testimony