MAI
Education & Academia abbreviation · Professional Certification
| Stands for | Member of the Appraisal Institute |
|---|---|
| Categories | Education & Academia |
MAI stands for Member of the Appraisal Institute, a professional certification abbreviation.
Professional designation from the Appraisal Institute for commercial real estate appraisers who value income-producing properties, requiring extensive coursework, a demonstration report, experience and a comprehensive exam. It is one of the most respected appraisal credentials.
Example: The lender required an appraisal signed by an MAI for the office tower refinancing.
Usage notes
The letters originally stood for "Member, Appraisal Institute" and are now used as a stand-alone designation. Residential appraisers may hold the SRA designation instead. Holders must also maintain state appraisal licenses.
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