The MAI Designated Difference

The MAI Designated Difference

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The Designated Difference

Designated members of the Appraisal Institute are known around the world for their knowledge and experience as well as their unbiased and objective approach to real property appraisal and analysis.

To hold an Appraisal Institute designation, an individual must meet rigorous education, experience and ethical requirements.

Here are some comparisons of minimum education for licensing and continuing education requirements for several professions:

Real Estate Sales Associate

  • Assumed High school or equivalent diploma
  • 40-hours pre-licensing course work
  • Pass the Real estate Sales exam
  • Must work under a real estate broker
  • Complete 30-hours Post-license education within 1 year
  • Complete 20-hours CE courses every 2 years

Real Estate Broker

  • Complete 30-hours broker training coursework
  • Pass the Real Estate Broker exam
  • Obtain 36-months of active and continuous licensee experience

Residential Real Estate Appraiser (Certified Residential - Alaska)

  • Bachelor’s Degree in accredited program (4 years)
  • 2,500 hours of appraisal experience in no less than 24-months, under the direct supervision of a certified general appraisal supervisor (certified general with endorsement)
  • 200 hours state approved appraisal education
  • Pass the Residential Real Estate Appraiser exam (state certification)
  • Complete 28-hours CE courses every 2 years, including USPAP (state certification)

Certified Public Accountant (CPA)

  • Bachelor’s Degree in accredited program (4 years)
  • Pass the Uniform CPA Exam
  • Acquire necessary experience (2 to 3 years depending on type of Bachelor’s degree)
  • Pass the AICPA Ethics Exam
  • Complete 80 hours of CPE every 2 years

Real Estate Appraiser (General Certified – NOT designated)

  • Bachelor’s Degree in accredited program (4 years)
  • 3,000 hours of appraisal experience in no less than 30-months, under the direct supervision of a certified general appraisal supervisor (certified general with endorsement)
  • 300 hours state approved appraisal education
  • Pass the Real Estate Appraiser exam (state certification)
  • Complete 28-hours CE courses every 2 years, including USPAP (state certification)

Professional Engineer

  • Bachelor’s Degree in accredited program (4 years)
  • 24-months of responsible charge verified by a PE
  • Pass the Professional Engineer exam
  • Complete 24-hours CE courses every 2 years

Attorney at Law

  • Bachelor’s Degree in accredited program (4 years)
  • Pass LSAT Exam
  • Obtain Juris Doctor degree (2 years in Alaska 3-4 years in other states)
  • Pass the State Bar Exam
  • Complete 3 hours Ethics course each year

Real Estate Appraiser (General Certified – MAI)

  • Bachelor’s Degree in accredited program (4 years) or higher
  • 30-months of appraisal experience interning under a certified appraiser supervisor (certified general with endorsement)
  • 300 hours state approved appraisal education
  • Pass the Real Estate Appraiser exam (state certification)
  • Complete 28-hours CE courses every 2 years, including USPAP (state certification)
  • Complete a written demonstration of knowledge
  • Complete a 16-hour (4 modules) examination of knowledge
  • Complete 200 hours of upper level AI education courses
  • Complete Ethics and other upper level additional CE every 5 years (above state requirements)

Medical Doctor (MD)

  • Bachelor’s degree in accredited program (4 years)
  • Pass the MCAT Exam
  • Obtain a Medical Degree (4 years)
  • Complete a Residency program (3 to 7 years, depending on specialty)
  • Pass the U.S. Medical Licensing Examination
  • Complete 50 hours of CE every 2 years

 

MAI members are uniquely qualified in the analysis and valuation of a wide variety of commercial, industrial, residential and special properties:

 

  • Those holding the MAI designation have met the rigorous education and experience requirements of the Appraisal Institute.
  • MAI designated appraisers have in-depth knowledge of the local markets and can interpret complex market factors that may influence value now and in the future.
  • Designated Appraisal Institute members possess specialized knowledge that will help you understand the “big picture” and deliver the best long-term solutions for your clients.

Lenders, government agencies, courts, corporations, investors and individual property owners continually seek out the opinions of designated Appraisal Institute members to guide their real estate decisions because they know our members are true professionals who have made a commitment to being the best in their field.

The MAI membership designation is held by professionals who can provide a wide range of services relating to all types of real property, such as providing opinions of value, evaluations, review, consulting and advice regarding investment decisions, among others. Property types may include commercial, industrial, agricultural, residential, vacant land and others.

As an experienced real estate appraiser and a MAI member of the Appraisal Institute, I have acquired an ideal blend of professional training and education that can help you enhance your financial planning services.

 

In addition, my designated membership in the Appraisal Institute – the leader in real estate appraisal education and professional membership programs – grants me access to a nationwide network of knowledgeable peers and ongoing education covering the latest industry developments. My experience and training have armed me with the insight and knowledge to help clients adapt and thrive in any market.

 

Designated Difference
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