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1. What is the Appraisal Institute?
- The Appraisal Institute is an international association with
approximately 18,000 real estate professionals.
- We are the largest appraisal organization and the acknowledged
leader in real estate appraisal education, publishing and research.
- We offer general and residential designations to qualified
members.
2. What can the Appraisal Institute do for me?
- Membership in the Appraisal Institute increases your business
potential.
- Provide members and the public high quality real estate appraisal
education.
- We offer the most widely recognized designations in the industry.
- Members receive regular periodicals with up-to-date information
and discounts on all our courses, seminars, and publications.
- Members also have access to group insurance benefits, the Lum
Library and research service, and an advocate in government
relations on the national and state levels.
- Individuals in related fields can gain access to qualified real
estate appraisers and consultants across the country through our
directory of members.
- Bankers, lawyers, government officials and others who deal with
real property transactions can also benefit from our educational
programs, publications and periodicals.
3. How do I become an appraiser?
- To appraise real property, all states require appraisers to be
licensed or certified.
- The Appraisal Institute offers basic real estate appraisal courses
that will help you meet your state’s requirements.
4. What are the costs of membership?
- Most members of the Appraisal Institute begin as associate members
and pay $280 a year in dues to the national organization plus local
chapter dues that vary.
- After completing designation requirements, designated residential
members pay $695 a year and general members pay $795 per year plus
chapter dues.
- For individuals not pursuing a designation or have not completed
the requirements for State Certification in real estate appraising,
affiliate membership is available for $180 a year plus chapter dues.
- Additional fees are charged for educational programs and other
requirements throughout the designation process.
5. What does an appraiser do?
- The fundamental role of an appraiser is to provide an opinion,
usually an estimate of market value, to be used in making real
estate decisions.
- Typically appraisers are employed by lenders to estimate the value
of real estate involved in a loan transaction. Appraisers also
provide opinions in litigation cases, tax matters, and investment
decisions.
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