About Us

The Appraisal Institute

The Appraisal Institute is an international membership association of professional real estate appraisers, with more than 18,000 members and 99 chapters throughout the United States, Canada and abroad. Its mission is to support and advance its members as the choice for real estate solutions and uphold professional credentials, standards of professional practice and ethics consistent with the public good.

The Appraisal Institute is the acknowledged worldwide leader in residential and commercial real estate appraisal education, research, publishing and professional membership designation programs. Its extensive curriculum of courses and specialty seminars provides a well-rounded education in valuation methodology for both the novice and seasoned practitioner.

Members of the Appraisal Institute form a network of highly qualified professionals throughout the United States and abroad. They are identified by their experience in and knowledge of real estate valuation and by their adherence to a strictly enforced Code of Professional Ethics and Standards of Professional Appraisal Practice.

Membership is open to appraisal practitioners as well as to individuals from allied fields. The Appraisal Institute has general appraisal members who hold the MAI, SRPA, or SREA designation and residential appraisal members who hold the SRA or RM designation. Currently, the Appraisal Institute confers one general (commercial) designation; the MAI, and one residential designation; the SRA. The associate member category is for individuals who engage in activity governed by the Uniform Standards of Professional Appraisal Practice. Affiliate membership is open to individuals who are not performing USPAP-related work but wish to be allied with the Appraisal Institute such as bankers, attorneys, and government agency representatives.

The North Star Chapter

The North Star Chapter of the Appraisal Institute is the result of a merger of the local chapters of the American Institute of Real Estate Appraisers and the Society of Real Estate Appraisers on January 1, 1991. Both organizations had long and rich histories in the communities, and hence, our organization is approximately 60 years old.