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Founded along with others in the 1930s, the two organizations merged in the 1990s to form the AI. This group awards four professional designations: SRA, to residential appraisers, AI-RRS, to residential review appraisers, MAI, to commercial appraisers, and AI-GRS, to commercial review appraisers. The Institute has enacted rigorous regulations ...
Member of the Appraisal Institute [62] MAI: Appraisal Institute: Senior Residential Appraiser [62] SRA: Appraisal Institute: Accredited Member [63] AM: American Society of Appraisers: Accredited Senior Appraiser [63] ASA: American Society of Appraisers: Real Property Administrator [64] RPA: Building Owners and Managers Association International
Real estate brokers who work with lenders can not receive any compensation from the lender for referring a residential client to a specific lender. To do so would be a violation of a United States federal law known as the Real Estate Settlement Procedures Act (RESPA). RESPA ensures that buyers and sellers are given adequate notice of the Real ...
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Mitchell denied instructing his residential valuation coordinator Chance Baker to tell appraisers to delay updates on property improvements — such as added detached garages — until 2026 ...
Traditional appraisal process. No-appraisal process. Inspection. Licensed appraiser inspects property in person. Uses automated valuation models (AVMs) to assess value
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