What are some appraisal certifications and how to earn them

[Louis Hemmi]

I'm just curious as to how to get certified in various areas of practice, such as "Green Home Appraiser" and many more. When I see some AMC's asking me to check the boxes for additional certifications, I realize that I could use some additional certifications if not too time-consuming.

I see MAI takes 4500 hours of SPECIALIZED work, must be a member of the Appraisal Institute.

There are a lot more, just listing acronyms that I do not recognize.

Sorry that question is so general, but I don't know enough to identify what certifications exist.

 

[Tiffany Gibbons]

I'm just curious as to how to get certified in various areas of practice, such as "Green Home Appraiser" and many more. When I see some AMC's asking me to check the boxes for additional certifications, I realize that I could use some additional certifications if not too time-consuming.

I see MAI takes 4500 hours of SPECIALIZED work, must be a member of the Appraisal Institute.

There are a lot more, just listing acronyms that I do not recognize.

Sorry that question is so general, but I don't know enough to identify what certifications exist.

Mckissock has a "Certified Green Home Appraiser Program", 14 hours of education. There is an "Accredited Green Appraiser" though Earth Advantage.org.

MAI is way out of your reach unless you have a CG. As AMC's usually select the cheapest and fastest appraiser,, regardless of designations, no designations are worth the time or $ just to get on an AMC panel.

 

[Louis Hemmi]

Mckissock has a "Certified Green Home Appraiser Program", 14 hours of education. There is an "Accredited Green Appraiser" though Earth Advantage.org.

MAI is way out of your reach unless you have a CG. As AMC's usually select the cheapest and fastest appraiser,, regardless of designations, no designations are worth the time or $ just to get on an AMC panel.

Thanks for taking the time to respond I'll check it out, realizing it may not result in more $ but might help to learn more about the topic anyway.

 

[Essexfenwick]

Appraisal Institute SRA.

 

[Louis Hemmi]

Appraisal Institute SRA.

Thanks; I'll check this out immediately

 

[Louis Hemmi]

Appraisal Institute SRA.

I believe I can get this, Senior Residential Appraiser. Thanks again!

 

[Elliott]

I asked BARD AI:

"Do you have general statistics about the number of MAI designated appraisers with the Appraisal Institute?​

Yes, I can share some general statistics about the number of MAI designated appraisers with the Appraisal Institute:
As of October 2023:

• Total number of MAI designated members: Approximately 16,000
• Percentage of Appraisal Institute members holding the MAI designation: Approximately 10%
• Distribution of MAI members by location:
  • United States: 80%
  • Canada: 10%
  • Other international countries: 10%
• Distribution of MAI members by specialty:
  • Commercial/Industrial: 55%
  • Residential: 35%
  • Other: 10%

Additional statistics:

• The number of MAI designated members has been growing steadily over the past few years.
• The MAI designation is the most prestigious designation offered by the Appraisal Institute.
• MAI designated members are typically required to have more experience and education than other appraisers.
• MAI designated members are often considered to be experts in their field.

Sources:

• Appraisal Institute: https://www.appraisalinstitute.org/
• "Pursue a Designation - Appraisal Institute": https://www.appraisalinstitute.org/why-join/pursue-a-designation
• "Appraisal Institute Designations": https://www.appraisalinstitute.org/why-join/pursue-a-designation

Please note: These are just general statistics and the actual numbers may vary depending on the specific date and source.
I hope this information is helpful! Please let me know if you have any other questions about the Appraisal Institute or the MAI designation."

 

[Elliott]

And on SRA's:

"As of October 2023:

• Total number of SRA designated members: Approximately 11,000
• Percentage of Appraisal Institute members holding the SRA designation: Approximately 7%
• Distribution of SRA members by location:
  • United States: 85%
  • Canada: 5%
  • Other international countries: 10%
• Distribution of SRA members by specialty:
  • Single-family residential: 60%
  • Multi-family residential: 25%
  • Other: 15%

Additional statistics:

• Similar to MAIs, the number of SRA designated members has been steadily increasing in recent years.
• The SRA designation is recognized as a mark of expertise in residential property valuation.
• SRA designated members typically have more experience and education than non-designated appraisers

Resources for further exploration:

• Appraisal Institute website: While historical data isn't readily available, the website offers valuable insights into the SRA designation, its requirements, and member benefits: https://www.appraisalinstitute.org/
• Appraisal Foundation Research Reports: The Appraisal Foundation conducts research on various aspects of the appraisal profession, including studies that may touch upon SRA demographics and trends: https://www.appraisalfoundation.org/
• Industry Publications: Publications like Appraisal Journal, The Real Estate Finance Journal, and National Mortgage News occasionally feature articles or data on SRA designated appraiser"

 

[Louis Hemmi]

I asked BARD AI:

"Do you have general statistics about the number of MAI designated appraisers with the Appraisal Institute?​

Yes, I can share some general statistics about the number of MAI designated appraisers with the Appraisal Institute:
As of October 2023:

• Total number of MAI designated members: Approximately 16,000
• Percentage of Appraisal Institute members holding the MAI designation: Approximately 10%
• Distribution of MAI members by location:
  • United States: 80%
  • Canada: 10%
  • Other international countries: 10%
• Distribution of MAI members by specialty:
  • Commercial/Industrial: 55%
  • Residential: 35%
  • Other: 10%

Additional statistics:

• The number of MAI designated members has been growing steadily over the past few years.
• The MAI designation is the most prestigious designation offered by the Appraisal Institute.
• MAI designated members are typically required to have more experience and education than other appraisers.
• MAI designated members are often considered to be experts in their field.

Sources:

• Appraisal Institute: https://www.appraisalinstitute.org/
• "Pursue a Designation - Appraisal Institute": https://www.appraisalinstitute.org/why-join/pursue-a-designation
• "Appraisal Institute Designations": https://www.appraisalinstitute.org/why-join/pursue-a-designation

Please note: These are just general statistics and the actual numbers may vary depending on the specific date and source.
I hope this information is helpful! Please let me know if you have any other questions about the Appraisal Institute or the MAI designation."

Thanks very much - I appreciate your time. I'll dig into the details. Work is slow so I have the time to sharpen my tools

 

[Tiffany Gibbons]

Thanks for taking the time to respond I'll check it out, realizing it may not result in more $ but might help to learn more about the topic anyway.

I took an online "Green Home Appraisal" from Appraisal Institute a few years back. Do theirs if you want it to count towards the SRA. You might want to check out ASA, they have good classes.