The Appraisal Institute is an international membership association of professional real estate appraisers, with more than 18,000 members and 99 chapters 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 Appraisal Institute is the result of the 1991 unification of the appraisal profession's two most respected organizations: the American Institute of Real Estate Appraisers and the Society of Real Estate Appraisers.

The Appraisal Institute is the acknowledged worldwide leader in residential and commercial real estate appraisal education, research, publishing and professional membership designation programs. Its extensive curriculum of courses and specialty seminars provides a well-rounded education in valuation methodology for both the novice and the seasoned practitioner.

Members of the Appraisal Institute form a network of highly qualified professionals throughout the United States and abroad. They are identified by their experience in and knowledge of real estate valuation and by their adherence to a strictly enforced Code of Professional Ethics and Standards of Professional Appraisal Practice.

Membership is open to appraisal practitioners as well as to individuals from allied fields. Designated members may hold the MAI, SRPA or SRA membership designation. Currently, the Appraisal Institute confers one general (commercial) designation, the MAI, and one residential designation, the SRA. The associate member category is for individuals who engage in activity governed by the Uniform Standards of Professional Appraisal Practice. Affiliate membership is open to individuals who are not performing USPAP-related work but wish to be allied with the Appraisal Institute such as bankers, attorneys, and government agency representatives.

Chapters are vital to the success of the Appraisal Institute and its members. Most members and potential members have greater interaction with local chapters than any other part of the Appraisal Institute. Through this local contact, chapters are best able to meet many of the members’ needs such as networking, education, representation, and providing information about the appraisal profession and the Appraisal Institute.

The Chicago Chapter of the Appraisal Institute (CCAI) was established in 1991. We are one of the largest chapters in the country with over 1200 members, of which 575 are designated. Our chapter offices are located in the heart of Downtown Chicago overlooking Lake Michigan, the Chicago River and the Magnificent Mile. Our facilities also include a large classroom for educational offerings. The Chicago Chapter has been a leader in appraisal education, offering more appraisal courses and seminars than any other chapter in the country.
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