Answer: MAI from the Appraisal Institute
Explanation: The most important professional designation that a commercial real estate appraiser can hold can vary depending on various factors, including geographic location, specialization within the field, and personal career goals. However, the MAI designation from the Appraisal Institute is widely recognized as one of the most prestigious and respected designations for commercial real estate appraisers. Here's an explanation of why the MAI designation is often considered the most important:
1. MAI from the Appraisal Institute:
- The MAI (Member, Appraisal Institute) designation is awarded by the Appraisal Institute, a leading professional organization in the field of real estate appraisal.
- To earn the MAI designation, appraisers must meet stringent education and experience requirements, which typically include a minimum of five years of appraisal experience and the successful completion of a series of rigorous examinations.
- MAI appraisers are required to adhere to the Appraisal Institute's Code of Ethics and Standards of Professional Appraisal Practice (USPAP), ensuring a high level of professionalism and ethical conduct.
- The MAI designation is recognized and respected by lenders, government agencies, real estate professionals, and clients in the industry.
- MAI appraisers often specialize in complex commercial property valuation, making them valuable experts for clients seeking accurate and reliable appraisals for investment, financing, and other purposes.
While other designations, such as ASA, CRE, or RICS Fellowship, are also respected and valuable in the field of commercial real estate appraisal, the MAI designation stands out for its stringent requirements, broad recognition, and association with a reputable professional organization.
It's important to note that the choice of designation may also depend on an individual appraiser's specific career goals and focus within the commercial real estate appraisal industry. Different designations may be |
| Detailed Analysis, Inc. |
Answer: MAI from the Appraisal Institute
Explanation: Designations are from private memberships of these clubs, and not necessarily an additional level of knowledge and/or experience. |
| James Eastman Appraiser |
Answer: MAI from the Appraisal Institute
Explanation: When it comes to real estate appraisals in the United States having ones MAI is at the top of the list. It takes a significant effort to achieve. |
| Francis T Webster Appraisal Partners LLC |
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| ProMatcher |
Answer: MAI from the Appraisal Institute
Explanation: MAI from the Appraisal Institute is known as a designation of a commercial real estate appraiser; all the other designations are not really relevant. |
| Pamela Evans |
Answer: Not sure / other
Explanation: Please visit the "Appraisal Institute's" website requirements page for information about Appraisal Institute designations. |
| Real Living Kee Realty |
Answer: MAI from the Appraisal Institute
Explanation: MAI |
| AEXACT APPRAISAL COMPANY |
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| ProMatcher |
Answer: Not sure / other
Explanation: It's most important to have a State Certified General Appraiser license for commercial appraisals. Designations from private organizations can be helpful. However, Certified General Appraisers licensed by the State will typically have the same expertise as those with supplemental private designation. Of note, appraisers in all states require a license to prepare appraisals, but do require a designation from a private trade association. |
| V.A. Solano & Associates, Inc. |
Answer: Not sure / other
Explanation: Each organization has its merits and each one has member appraisers that are qualified and experienced. In my case, I originally worked for appraisal firms with MAI members of the Appraisal Institute, and other firms with members of the National Association of Independent Fee Appraisers. The American Society of Appraisers is known for having members with different areas of specialization; such as real estate valuation members, equipment valuation members, business valuation members, and others. |
| Todd G. LiPira, SCGREA |
Answer: Not sure / other
Explanation: All designations are an improvement above the standard license and all have different levels of qualifications. A designation does not automatically make an appraiser better than the next, it the level of work that goes into each report that sets the quality level. |
| Accurate Appraisals USA |
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| ProMatcher |
Answer: Not sure / other
Explanation: not sure |
| Corryn Appraisal Services |
Answer: MAI from the Appraisal Institute
Explanation: MAI from the Appraisal Institute |
| Provost International Realty |
Answer: MAI from the Appraisal Institute
Explanation: This is a matter of opinion. I hope to get my MAI designation some day. |
| LAKE AREA APPRAISAL FIRM |