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American Institute of Real Estate Appraisers

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American Institute of Real Estate Appraisers

A professional organization formerly associated with the National Association of REALTORS®.It merged with the Society of Real Estate Appraisers in 1991 to form the Appraisal Institute (www.appraisalinstitute.org). It awards two designations, the MAI (Member, Appraisal Institute) and SRA (Senior Residential Appraisal) to members who have completed rigorous experience and testing requirements. In common parlance, an MAI appraisal, being one performed by someone with the MAI designation,is supposed to be more accurate and more reliable than one prepared by a licensed appraiser without the MAI designation.



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