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MAI Appraisal designation
Commercial Real Estate Designation
Warren K. Hoppke, SRPA Robert Nord, MAI
Senior Real Property Analyst Real Estate Consultant
Member Appraisal Institute Member Appraisal Institute
MAI is a commercial appraisal designation. The Appraisal Institute is an international membership association of professional residential and commercial appraisers, w ith more than 18,000 members and 99 chapters including Orange County, Los Angeles County, Riverside County, San Bernardino County, San Diego County, Ventura County and 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 membership designation is held by commercial appraisal experts who are experienced in the valuation and evaluation of commercial, industrial, residential and other types of properties and some members who advise clients on real estate investment decisions.
MAI Appraiser designates must meet the following current requirements:
Commercial Appraisal Education:
- Receive a passing grade on a series of examinations that reflect 380 hours of classroom instruction and that test the appraisers knowledge of basic and advanced real estate 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
Commercial Appraisal Experience:
Receive credit for 6,000 hours of experience, including 3,000 hours of specialized commercial real estate appraisal experience, all of which must meet strict criteria.
Demonstration Report:
Receive credit for a demonstration commercial 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 a commercial appraisal designation will provide you with the very highest quality service on virtually any appraisal assignment, even the most complex commercial property or real estate consulting assignment.
Locating a Commercial Appraiser:
There are various chapters of the Appraisal Institute located in each major geographical area. In each major city throughout the nation you can find a commercial real estate appraiser. When looking for an appraiser of California real estate, you will typically find one in each major county including, Los Angeles County, Orange County, San Diego, Riverside County, San Bernardino, and Ventura County.
A designated appraiser maintains high professional ethical standards. Therefore, you can count on a designated commercial real estate consultant to provide you with high standards and high quality appraisals. When you are in need of an appraiser we are ready to help.
Commercial Appraisal | Commercial Real Estate
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Commercial Real Estate Valuations for your Attorney, CPA, Accountant, and Enrolled Agent involved in estate planning, tax planning, and asset planning. In planning an estate a living trust, last will and testament, durable power of attorney, and living will are good starts for planning an estate. One of the first places to start is to have your commercial portfolio valued by experts in real estate valuation. There are many situations you need an appraiser to value your commercial real estate like IRS estate tax 706 date of death (death tax), transfer of assets to grandchildren, Corporation asset & tax disposition planning, trust planning, and planning for distribution of real estate assets. An estate planning attorney needs to select a qualified appraiser, one that is familiar with IRS Real Property Guide Lines. It is especially important to a tax attorney if he feels there may be a valuation challenge by the IRS. A good estate tax attorney will rely upon an SRPA or MAI designated appraisers to provide them with a credible current or retrospective appraisal report. An estate planning lawyer, accountants, CPA tax accountant, and enrolled agents and tax specialist's can trust in the experience and knowledge of a member of the Appraisal Institute.
L A Offices 1875 Century Park East, Suite 700 Los Angeles, CA 90067
Trade Mark of Appraisal Institute
Orange County MAI Commercial and MAI industrial real estate services
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