|
 |
Appraisal Institute
MAI Designation and SRA Designation Requirements
This outline reflects an overview of the current designation requirements for Associate members.
Jump directly to:
For specific information on their remaining designation requirements, Associate members should login to My Appraisal Institute to view their Associate Status Report.
To learn more about specific requirements and access forms, applications and guidebooks, visit the Path to Designated Membership page.
Not an Associate member yet? Take the first step toward attaining MAI or SRA Designated membership by applying for Associate membership.
Summary of Requirements for MAI Membership
For complete information on requirements refer to Regulation No. 1 and the MAI Procedure Manual. |
| Good Moral Character |
The Associate member must have good moral character. |
| Membership In Good Standing |
The Associate member must be a general Associate member in good standing for at least 12 months prior to applying for MAI Designated membership. |
| Standards and Ethics |
Must provide proof of passing an approved 15-Hour National USPAP course/exam and complete the Appraisal Institute course Business Practices and Ethics.
NOTE: Associate members who practice solely outside the United States may complete the International Valuation Standards course instead of the USPAP course.
|
| Required Courses/Exams |
Unless AQB criteria for general state certification or certain degrees are attained, the following
Level I Exams are required:
Credit must be received for the following course and examination:
Credit must be received for the following Level II examinations or equivalents:
Note: The Appraisal Institute may offer an Equivalency Examination as a substitute for the examinations noted above except for the Standards, Ethics, and Report Writing courses. For more information on the MAI education requirements, click here. |
| College Degree Requirement |
Must have received at least a four-year degree from an accredited college or university or alternative.
For more information on the college degree requirement and alternatives, click here. |
| Comprehensive Exam |
Must pass the Appraisal Institute General Comprehensive Examination.
For more information on the comprehensive exam, click here. |
| Appraisal Experience |
Must receive credit for 4,500 hours of Specialized Experience, over at least a 36-month period or alternative.
For more information on the experience requirement and alternative, click here. |
| Demonstration Report |
Must receive credit for a demonstration appraisal report on an income producing property or receive credit for the research project or three-appraisal report alternative.
For more information on the demonstration report requirement and alternative, click here. |
Download a Printable PDF version of the Summary of Requirements for MAI Membership Chart
Back to top
Summary of Requirements for SRA Membership
For Residential Associate Members Admitted On or After January 1, 2005
For complete information on requirements, refer to Regulation No. 2 and the SRA Procedure Manual. |
| Good Moral Character |
The Associate member must have good moral character. |
| Membership In Good Standing |
Must be a residential Associate member in good standing. |
| Standards and Ethics |
Must provide proof of passing an approved 15-Hour National USPAP course/exam and complete the Appraisal Institute course Business Practices and Ethics.
NOTE: Associate members who practice solely outside the United States may complete the International Valuation Standards course instead of the USPAP course.
|
| Required Courses/Exams |
Unless AQB criteria for general or residential state certification is attained, the following exams are required:
Credit must be received for the following Appraisal Institute Examinations:
Note: The Associate member must attend the Advanced Residential Applications and Case Studies/Part 1 course. The Appraisal Institute may offer an Equivalency Examination to substitute for the above examinations
except for the Standards, Ethics and Report Writing courses. |
| College Degree Requirement |
Must have received at least a two-year degree from an accredited college or university or alternative.
For more information on the college degree requirement and alternatives, click here. |
| Appraisal Experience |
Must receive credit for 3,000 hours of Residential Appraisal Experience (must cover at least a 24-months) or alternative.
For more information on the experience requirement and alternative, click here. |
| Demonstration Report |
Must receive credit for Residential Demonstration Appraisal Report or alternative.
For more information on the demonstration report requirement and alternative, click here. |
Download a Printable PDF version of the Summary of Requirements for SRA Membership Chart
Back to top
|
|
