What is an MAI designation?
MAI stands for Member, 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 MAI designation, its most prestigious, is held by appraisers who are experienced in the valuation of commercial, industrial, residential, and other types of property and who advise clients on real estate investment decisions. (Source: The Appraisal Institute)
MAI designates must meet the following requirements: Education: Receive a passing grade on 11 examinations that reflect 380 hours of classroom instruction and that test the appraiser's knowledge of basic and advanced appraisal principles, procedures, and applications; report writing; valuation analysis and standards of professional practice. Receive a passing grade on a four-module, two-day comprehensive examination. Hold an undergraduate degree from a four-year accredited educational institution. Experience: Receive credit for 6,000 hours of experience, including 3,000 hours of specialized appraisal experience, all of which must meet strict criteria. Demonstration Report: Receive credit for a demonstration appraisal report relating to income-producing property that demonstrates the ability to present a properly supported value estimate or opinion evaluating the nature, quality, or utility of a parcel of real estate or any interest in, or aspect of, real property, including handling physical incurable depreciation, or fulfill an approved comparable alternative. Because of its rigorous requirements and commitment to providing valuable information, continuing education and other valuable resources to its members, you can be confident that an appraiser with an MAI designation will provide you with the very highest quality service on virtually any appraisal assignment, even the most complex commercial appraisal.
Are AgValue's appraisers licensed?
Yes, AgValue's appraisers are licensed in various states throughout the Southeastern United States.
What is the cost of AgValue's service?
Due to the complexity of commercial real estate and the variety of services we offer, it is necessary to approach each client's request case by case. We provide all potential clients with quotes free of charge. To request a quote please contact us or call 423-490-7444.
How long will it take to receive a complete valuation report?
Each assignment is different due to the complexity of commercial real estate and the scope of work required; therefore, delivery times typically range from 2 - 6 weeks.