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Why Join?
Appraisers who have earned one of the Appraisal Institute's general (MAI, SRPA or SREA) designations, or residential (SRA or RM) designations are backed by years of appraisal education and experience and are highly respected by those seeking professional opinions of value - individual property owners, investors, government agencies, corporations, the courts, and others seeking professional appraisal services.
What is the Appraisal Institute ?
Headquartered in Chicago, Illinois, the Appraisal Institute and its predecessor organizations have been at the forefront of the real estate appraisal profession for more than 60 years. Appraisal Institute members are identified by their experience and knowledge of real estate valuation, and adhere to a strictly enforced Code of Professional Ethics and Standards of Professional Appraisal Practice. The Appraisal Institute has more than 19,000 members and 112 chapters across the country.
The Appraisal Institute remains faithful to the ideal of high appraisal standards. Its members are encouraged to adhere to these high standards through professional designation programs that recognize knowledge, training, and experience in residential and commercial real estate appraisal.
Visit the national Appraisal Institute website at: http://www.appraisalinstitute.org
Membership Options
Appraisers and others involved with the appraisal profession, but not currently interested in working toward an Appraisal Institute designation.
An affiliate member can be:
a) A state certified appraiser who is not actively pursuing an Appraisal Institute designation;
b) Government, review, and institutional appraisers;
c) Entry level appraisers who have not yet met the current Appraiser Qualification Board criteria for the appropriate category (general or residential);
d) Non-appraisers who are interested in the real estate appraisal industry such as brokers, attorneys, bankers, vendors, etc.; or
e) The "para-appraiser," who is the appraiser's researcher and fulfills valuable functions within the appraisal process, although he or she does not write complete appraisals and reach value conclusions.
Networking opportunities, as well as discounts on educational offerings and publications, are available to Affiliate Members. Your annual Affiliate Member dues will provide benefits you can't put a price on. Visit the Appraisal Institute's site to download an Affiliate Membership Application.
http://www.appraisalinstitute.orrg/how2join.htm
Appraisers working toward the MAI (general) or SRA (residential) designations conferred by the Appraisal Institute. Educational, industry experience, examination, good moral character, and appraisal report writing requirements are all part of the process to earn either designation. Associate Members pay a one-time $125 processing fee, plus applicable national, regional, and chapter dues. Visit the Appraisal Institute's national website to download a General Associate Membership Application, or Residential Associate Membership Application at:
http://www.appraisalinstitute.org/how2join.htm#options
*PLEASE NOTE: This file is approximately 1.18 MB
in size.
Active Member
An Active Member is an individual in good standing who holds an Appraisal Institute designation and is not classified as a Life Member, Honorary Member, Inactive Member or Retired Member.
Honorary Member
Every past President of the Society of Real Estate Appraisers ("Society"), the American Institute of Real Estate Appraisers ("AIREA") and the Appraisal Institute in good standing shall be an Honorary Member of the Appraisal Institute and shall enjoy all the rights and privileges of Active Members.
Inactive Member
This designation is for an individual in good standing who holds a designation from the Appraisal Institute and who because of poor health, physical disability, or family obligation or responsibility is temporarily unavailable for employment in any business activity which is subject to the Standards of Professional Appraisal Practice and/or the Code of Professional Ethics. An Inactive Member shall not use his or her membership designation.
Life Member
This designation is for an individual in good standing who as of June 8, 1998, held a designation continuously for at least twenty (20) years from either AIREA, the Society and/or the Appraisal Institute, was at least sixty (60) years of age and whose age and years designated equaled at least ninety (90).
Life Members who are not engaged in any business activity which is subject to the Standards of Professional Appraisal Practice and/or the Code of Professional Ethics shall be known as "Retired Life Members" and shall enjoy all of the rights and privileges of Active Members if they are current in the payment of the administrative fee for Retired Members. Life Members who are engaged in business activity which is subject to the Standards of Professional Appraisal Practice and/or the Code of Professional Ethics and who are current in the payment of their dues, shall enjoy all of the rights and privileges of Active Members.
Semi-Retired Member
A Semi-Retired Member is an individual in good standing who holds a designation from the Appraisal Institute, is at least sixty (60) years of age, and earns no more than $14,500 in each calendar year from business activity which is subject to the Standards of Professional Appraisal Practice and/or the Code of Professional Ethics. Semi-retired Members, who are current in the payment of their dues, shall enjoy all of the rights and privileges of Active Members.
Retired Member
A Retired Member is an individual in good standing who holds a designation from the Appraisal Institute, does not engage in any business activity which is subject to the Standards of Professional Appraisal Practice and/or the Code of Professional Ethics and either is at least sixty (60) years of age or is permanently disabled. Retired Members, who are current in the payment of their administrative fee, shall enjoy all of the rights and privileges of Active Members.
Visit the Appraisal Institute's national site for the latest information on costs of membership at: