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 ?
(6.) American Institute of Real Estate Appraisers, Appraisal Terminology and Handbook, 4th ed.
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.
That colleague was Walt Winius II, MAI, who was the 1976 national president of the American Institute of Real Estate Appraisers. "Walt gave me the most incredible start in appraising.
The Appraisal Institute is a recent merger between The American Institute of Real Estate Appraisers and the Society of Real Estate Appraisers.
American Institute of Real Estate Appraisers 22 West Monroe Street, Chicago 3, Illinois
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.
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.
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.
Wagner, MAI, SRPA (1894-1992), became a member of the American Institute of Real Estate Appraisers (AIREA) in 1934 and was issued certificate number 318.
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. She was lead writer on the 8th edition of The Appraisal of Real Estate and the first editions of The Dictionary of Real Estate Appraisal, Appraising Residential Properties, and The Appraisal of Rural Property.
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