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Readmission to Designated Membership

Please Note: Appraisal Institute Regulation No. 4, Readmission to Designated Membership, sets forth the rules governing readmission to designated membership. This Q&A is intended to provide general information to former designated members about readmission to designated membership and may not include all information and requirements applicable to any particular person. If there is any conflict between Regulation No. 4 and this document, Regulation No. 4 governs.

Download and view Regulation No. 4: Readmission to Designated Membership.

 

What must I do to readmit to designated membership?

Requirements for readmission to designated membership depend on the circumstances in which your membership lapsed. For complete details on specific requirements, please refer to Regulation No. 4 and the Readmission to Designated Membership Matrix. To readmit as a designated member, you must fulfill at least the following requirements (additional requirements may apply):

  1. Complete the Application for Readmission to Designated Membership; and
  2. Possess good moral character; and
  3. Pay prorated annual dues; and
  4. Complete continuing education requirements.

What continuing education requirements must I complete prior to readmission?

If the ending date of your most recent Appraisal Institute continuing education cycle has not yet passed, you will return to that cycle and need to complete the continuing education requirements for that cycle by the original ending date.

If the ending date of your most recent Appraisal Institute continuing education cycle has passed, you must have done the following in the five (5) years prior to the date of readmission:

  1. Attended the Appraisal Institute Business Practices and Ethics Course (BPE); and
  2. Attended either the 7-hour or 15-hour Uniform Standards of Professional Appraisal Practice (USPAP) Course taught by an instructor certified by the Appraisal Qualifications Board (AQB) of The Appraisal Foundation and pass the course examination; and
  3. Complete the Advanced Continuing Education (ACE) requirement, please see below

ACE Requirement Options

OPTION #1: The Appraisal Curriculum Overview Course

MAI, SRPA or SREA Designated members and general Candidates for Designation:
Appraisal Curriculum Overview 2-Day Course

SRA, or RM Designated members and residential Candidates for Designation:
Appraisal Curriculum Overview 1-Day Course

OR:

OPTION #2: Any Appraisal Institute Level II Advanced Curriculum Course

MAI, SRPA, SREA, SRA, or RM Designated members and general or residential Candidates for Designation can choose from any one of the three  
Appraisal Institute Level II Advanced Curriculum courses

SRA, or RM Designated members and residential Candidates for Designation can take the
Real Estate Finance, Statistics and Valuation Modeling course (classroom or online)

OR:

OPTION #3: MAI, SRPA, SREA, RM, or SRA Designated and general or residential Candidates for Designation can complete any of the Appraisal Institute Professional Development Programs:

  1. Valuation of Conservation Easements
  2. Appraising Historic Preservation Easements
  3. Litigation (please note that to get credit for this option you must complete three (3) separate classes)

Please note: A course may be not be repeated in subsequent cycles, unless the education program has been substantially revised.

If you were suspended for failure to complete continuing education requirements at the time your membership lapsed, you must complete one-hundred (100) hours of continuing education, including the USPAP, BPE, and ACE requirements, within the five years prior to readmission.

If I choose to complete one-hundred (100) hours of continuing education prior to readmission, will I be considered “continuing education complete?”

(This Q&A applies if the ending date of your most recent Appraisal Institute continuing education cycle has passed.)

If you complete one-hundred (100) hours of continuing education in the five (5) years prior to readmission, including completing the Business Practices and Ethics (BPE), Uniform Standards of Professional Appraisal Practice (USPAP) and Advanced Continuing Education (ACE) requirements, you will be deemed “continuing education complete.” If you opt to complete only the BPE, USPAP and ACE requirements, you will not be considered “continuing education complete” and will be required to so note in the certifications of your appraisal reports.

 

If I choose to complete the one-hundred (100) hours of continuing education prior to application for readmission to designated membership, must all of my hours of continuing education be taken from the Appraisal Institute?

No. The Appraisal Institute will provide you with credit for education programs taken from other providers if the programs meet the following requirements:

  1. The program education is not a home study or correspondence course;
  2. The topics covered in the program are on the Appraisal Institute list of creditable topics;
  3. The program is at least two (2) hours in length; and
  4. For USPAP courses, the instructor is certified by the Appraiser Qualifications Board (AQB) of The Appraisal Foundation.

When I last held designated membership, I had to complete only the Uniform Standards of Professional Appraisal Practice (USPAP) and Business Practices and Ethics (BPE) course requirements for continuing education. When I am readmitted, what continuing education requirements will I need to fulfill?

You will be required to complete one-hundred (100) hours of continuing education in every full five-year cycle. Such one-hundred (100) hours must include completion of the USPAP, BPE and Advanced Continuing Education (ACE) requirements.

 

Upon readmission, when will my first continuing education end?

Upon readmission, you will be placed on a continuing education cycle beginning on the date of readmission and ending on the sixth December 31st after readmission. For example, if a member is readmitted on July 21, 2010, the member has until December 31, 2015 to fulfill continuing education requirements. Continuing education cycle dates can be viewed online.

 

Where can I find additional information on the Appraisal Institute continuing education program?

If you have additional questions about continuing education, you may review Regulation No. 4 and Regulation No. 10. You also may visit the Frequently Asked Questions Regarding Appraisal Institute Continuing Education page on the Appraisal Institute website.

 

Must I submit any past work experience for review?

If when your membership lapsed, you were subject to disciplinary action, disciplinary proceedings or certain peer review proceedings, or you were terminated due to expulsion, you must submit recent experience for a readmission review. You must receive a favorable recommendation based on that review for readmission.

 

Must I receive any other approvals for readmission?

If when your membership lapsed, you were subject to disciplinary action, disciplinary proceedings or certain peer review proceedings, or you were terminated due to expulsion, you must receive a favorable readmission vote of sixty percent (60%) of the Board of Directors (in addition to the favorable recommendation from the readmission review noted in the above question).

 

If when my membership lapsed, I was subject to disciplinary action, disciplinary proceedings or certain peer review proceedings, or terminated due to expulsion, and I receive a favorable recommendation on an experience review and receive a sixty percent vote from the Board of Directors, will I have any additional continuing education requirements?

You must complete one-hundred (100) hours of continuing education, including the USPAP, BPE, and ACE course requirements, within the five years prior to readmission.

 

May I return to designated membership under a Non-Practicing member status?

Yes, if you qualify for non-practicing member status. You must provide an explanation on the application for readmission as to why you believe you qualify. If readmitted under non-practicing status, you may or may not be required to complete continuing education requirements upon readmission, depending on an individualized review of your application.

 

Is the readmission application currently online?

Yes, please download the Application for Readmission to Designated Membership in pdf format and fax to 312-335-4415 or e-mail to readmission@appraisalinstitute.org.

 

Can I send my pro-rated dues now and complete the continuing education later?

For administrative purposes, we ask that you complete continuing education requirements for readmission to designated membership prior to application.

 

Will my dues payment be prorated depending on when during the year I am readmitted?

Yes, annual membership dues will be prorated.

 

Whom do I contact if I have additional questions?

Admissions & Continuing Education
T 312-335-4401
F 312-335-4415
readmission@appraisalinstitute.org