MAI MEMBERSHIP DESIGNATION
An MAI designation is a prestigious achievement that ensures that the appraisal or valuation service provided observes the highest standards.
The MAI membership designation is held by professionals who can provide a wide range of services relating to all types of real property, such as providing opinions of value, evaluations, review, consulting and advice regarding investment decisions, among others.
Property types may include commercial, industrial, agricultural, residential, vacant land and others. To become a MAI Designated member of the Appraisal Institute, an individual must:
- Have good moral character
- Meet standards and ethics requirements
- Pass rigorous education requirements
- Pass a final comprehensive examination
- Submit specialized experience which must meet strict criteria
- Receive credit for the demonstration of knowledge requirement.
These individuals have the necessary commercial property valuation experience and knowledge to produce a valuation that instills confidence.
MAI Designated members agree to adhere to the Appraisal Institute code of professional ethics and standards of professional appraisal practice, underscoring their commitment to sound and ethical professional practice. Continuing education requirements help MAI Designated members stay informed of developments pertaining to real property valuation, enabling them to provide valuations reflecting the latest in professional practice. The MAI designation has long been recognized by courts of law, government agencies, financial institutions and investors as a mark of excellence in the field of real estate valuation and analysis.