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 MAI Designation
As documented by the Appraisal Institute: 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 for the MAI designation are: - Pass rigorous education requirements
- Pass a final comprehensive examination
- Submit specialized experience which must meet strict criteria
- Receive credit for a demonstration appraisal report
- Conduct his or her professional activities in accordance with the Appraisal Institute’s Code of Professional Ethics and are subject to a peer review process, which enforces the Code of Professional Ethics
- Appraisal Institute MAI members are required to adhere to strict continuing education requirements to ensure they are up-to-date with the evolving real estate field.
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Generally, commercial appraisers have independent clients who call upon them to assess the value of a specific real estate property or business. Assessors typically work for local government and assign values to many properties in a locality, usually to serve as the guidance for property taxation valuations. |
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In the appraisal profession, there are various levels or designations that an appraiser achieves throughout his/her career. Following is the explaination by the NC Appraisal Board: What is the progression of “stages” or “ranks” of the appraisal profession? Step 1: Registered Trainee
Step 2: Licensed Residential (sometimes referred to as "Licensed")
Step 3: Certified Residential (sometimes referred to as "Certified")
Step 4: Certified General (sometimes referred to as "General").
Along with helping buyers understand someone's qualifications, these different designations govern the constraints on what kind of appraisal can be performed. Appraising Charlotte encourages education for appraisers to keep up with the latest in techniques, technology, and valuation modeling. A Certified General appraiser is assigned to each of our appraising assignment. |
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