The Appraisal Institute is a global association of real estate appraisers, with nearly 23,000 valuation professionals in about 60 countries throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies and practices through the professional development of property economics worldwide. Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Appraisal Institute professionals benefit from an array of education and advocacy programs, and may hold the prestigious MAI, SRPA and SRA designations. Learn more at www.appraisalinstitute.org.
Founded in 1991, the Chicago Chapter serves real estate appraisers and professionals in allied fields in the Chicago Metropolitan Area.
The Chicago Chapter is here to support you - the professional appraiser – to do your very best work, and in so doing, to strengthen the role of appraisers as a solid, reliable link within our economy.
We do that by offering the finest in appraisal education, professional development and networking opportunities. Candidates for Designation will find sage, encouraging Advisors and a framework to help facilitate a meaningful while urgent path toward earning a professional appraisal designation. No matter where you are on the path to designation, you are welcome to join us. Our association is here and now, for you.
The majority of Appraisal Institute professionals are practicing real estate appraisers and property analysts who provide valuation-related services to such clients as mortgage lenders, financial institutions, government agencies, attorneys and financial planners as well as homeowners and other individual consumers. Appraisal Institute designated members have met rigorous requirements relating to education, testing, experience and demonstration of knowledge, understanding and ability.
Those individuals holding the Appraisal Institute’s MAI and SRPA designations are experienced in commercial valuation, including industrial, retail and multifamily properties. Those holding the SRA designation are experienced in residential valuation. All Appraisal Institute professionals adhere to a strictly enforced Code of Professional Ethics and Standards of Professional Appraisal Practice.
The Appraisal Institute is the acknowledged worldwide leader in residential and commercial real estate appraisal education. Its extensive curriculum of courses and specialty seminars provides a well-rounded education in valuation methodology for both the novice and seasoned practitioner.
As the world’s largest publisher of real estate appraisal literature, the Appraisal Institute offers a wide range of books and other materials on subjects ranging from basic valuation theory and techniques to advanced applications. It also publishes two quarterly periodicals, The Appraisal Journal and Valuation magazine.
Appraisal Institute professionals have access to a variety of benefits, including insurance programs, data resources and tools, and related business materials. The Appraisal Institute also houses the Lum Library, which provides support for the research needs of AI professionals as well as the profession at large.
The Appraisal Institute is active in advocacy efforts on behalf of its professionals and the industry at large. Primarily through its office in Washington, D.C., the organization communicates regularly with legislators and regulators to encourage the adoption of appraisal policies that best serve the public interest.