Appraisal Institute Bestows First Review Designation to Non-Designated Member
October 27, 2015 08:00 AM
CHICAGO (Oct. 27, 2015) – The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today announced it has, for the first time, bestowed a review designation to a previously non-Designated member.
Trisha L. Karki of Edina, Minnesota, received her AI-GRS designation earlier this month. The AI-GRS membership designation is held by professionals who can provide reviews of appraisals of a wide range of property types, including commercial, industrial, agricultural, residential, vacant and others.
Many individuals enhance their professional standing and earning potential by adding to their credentials the AI-GRS and the AI-RRS, the Appraisal Institute’s other review designation. Karki becomes the first individual to receive the AI-GRS without holding a previous designation.
“We recognize the need for more quality appraisal reviewers in today’s real estate market, and congratulate Trisha on her achievement,” said Appraisal Institute President M. Lance Coyle, MAI, SRA.
Karki is the senior vice president, chief commercial real estate appraiser, for TCF Bank in Minnetonka, Minnesota. She has a bachelor’s degree in business administration, real estate and marketing from the University of Wisconsin, in Madison, Wisconsin. Karki is a candidate for the Appraisal Institute’s MAI designation.
The Appraisal Institute began issuing the AI-GRS and AI-RRS designations in 2014. They were the first new designations offered by the organization in more than 20 years. The Appraisal Institute Board of Directors adopted the review designation program after years of research, responding in part to the growing and important role that appraisal review plays in risk management and mitigation for many clients and users of appraisal services.
Learn more about the review designations.
The Appraisal Institute confers the MAI designation on commercial and general appraisers, and the SRA designation on residential appraisers, who meet certain standards. The Appraisal Institute also recognizes the SRPA, SREA and RM designations conferred by its predecessor organizations.
“The Appraisal Institute confers designated membership on real estate appraisal professionals demonstrating the highest standards of education, expertise and ethics,” Coyle said. “In its continuing mission to elevate the real estate valuation profession, the Appraisal Institute specifies rigorous requirements for designated membership regarding experience, education and moral character.”
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The Appraisal Institute is a global professional association of real estate appraisers, with nearly 21,000 professionals in almost 60 countries throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide. Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Individuals of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA, SRA, AI-GRS and AI-RRS designations. Learn more at www.appraisalinstitute.org.