Real Estate Term: APPRAISAL INSTITUTE
APPRAISAL INSTITUTE - an organization of professional appraisers that was formed in 1991 by the merger of the american institute OF
REAL ESTATE APPRAISERS and the SOCIETY OF REAL ESTATE APPRAISERS. It offers MAI and SRA designations. The MAI is qualified to appraise any property, while the SRA is
primarily qualified for residences. Both designations require high standards of education and experience for membership.
Address:
Appraisal Institute
550 W. Van Buren Street, Suite 1000
Chicago. IL 60607
312-335-4100
www.appraisalinstitute.org
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