American Institute of Real Estate Appraisers


Also found in: Acronyms.

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 ?
The January 1991 unification of the American Institute of Real Estate Appraisers and the Society of Real Estate Appraisers was a major step toward professionalism in the appraisal industry.
Hanford is a member of the American Institute of Real Estate Appraisers, the Society of Real Estate Appraisers, and the American Society of Real Estate Counselors.
That colleague was Walt Winius II, MAI, who was the 1976 national president of the American Institute of Real Estate Appraisers.
The second myth is that the education of appraisers was foremost in the minds of the founders of the American Institute of Real Estate Appraisers (AIREA).
The Appraisal Institute is a recent merger between The American Institute of Real Estate Appraisers and the Society of Real Estate Appraisers.
Weimer's article, published less than twelve years after the first offering of a real estate appraisal course by the American Institute of Real Estate Appraisers, identifies five areas that appraisal education must focus on for the profession to progress.
Although the Appraisal Institute as it exists today resulted from the unification of the American Institute of Real Estate Appraisers and the Society of Real Estate Appraisers in 1991, the organization's roots stretch back through its predecessor organizations to 1932.
During the 1930s, the American Institute of Real Estate Appraisers (AIREA) and the Society of Residential Appraisers (SREA) began laying the groundwork for today's education program.
He and I attended our first formal appraisal course sponsored by the American Institute of Real Estate Appraisers (AIREA) in Chicago in 1950.
In the late 1970s, chapters of the Appraisal Institute's predecessor organizations, the American Institute of Real Estate Appraisers and Society of Real Estate Appraisers, were successful in getting a bill passed in the state legislature that specified the use of designated appraisers for the valuation of certain property types.
After 12 years of college-level teaching, she changed careers and began work as a technical writer in the Publications Department of the American Institute of Real Estate Appraisers.
Financial browser ?
Full browser ?