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.

References in periodicals archive ?
Kniskern, "A Message from the President of the Institute," The Journal of the American Institute of Real Estate Appraisers (October 1932): 1-5.
The training programs of the American Institute of Real Estate Appraisers, the Society of Residential Appraisers, the Federal Housing Administration, the Home Owners Loan Corporation, and other organizations have acquainted appraisers rather generally with systematic valuation procedures.
Crowell began her career at the American Institute of Real Estate Appraisers in 1980 as a technical writer, working on The Appraisal of Real Estate, The Dictionary of Real Estate Appraisal, Appraising Residential Properties, and The Appraisal of Rural Property.
My recollections are expressed only as to the education programs of the American Institute of Real Estate Appraisers and the Society of Real Estate Appraisers; major education developments were occurring among other professional appraisal organization simultaneously.
For the American Institute of Real Estate Appraisers, Taylor was a member of the National Publications Committee.
The elder Gilbert went on to become a founder of the American Institute of Real Estate Appraisers, a forerunner of the Appraisal Institute.
The contemporary definition for highest and best use actually entered the appraiser lexicon in 1975 with the American Institute of Real Estate Appraisers (AIREA) and the Society of Real Estate Appraisers (SREA) joint publication of Real Estate Appraisal Terminology.
One noteworthy early work was "Economic Life in the Valuation Procedure," published in The Journal of the American Institute of Real Estate Appraisers in January 1938.
One of the several distinctions that characterize Members of the American Institute of Real Estate Appraisers is the fact that they are pledged to abide by its rules of professional conduct.
The drafting of a code of ethics was the first significant accomplishment of the American Institute of Real Estate Appraisers, following its birth in 1932.
In 1964, Japan had introduced appraisal theory promulgated by the American Institute of Real Estate Appraisers (now the Appraisal Institute).
It was not until 1951 that the American Institute of Real Estate Appraisers published the first edition of The Appraisal of Real Estate, in which there are no direct references to the advantages of using multiple independent methods.
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