SRA designation (source: The Appraisal Institute)

Designated members of the Appraisal Institute are known around the world for their knowledge and experience as well as their unbiased and objective approach to real property appraisal and analysis. To hold an Appraisal Institute designation , an individual must meet rigorous education, experience and ethical requirements. By engaging the services of a designated member of the Appraisal Institute, you will benefit from the most skilled and experienced real estate appraisal professionals around.

Education:

*Receive a passing grade on seven examinations that reflect 181 hours of classroom instruction and that test the appraiser's knowledge of appraisal principles, residential valuation techniques, report writing and standards of professional practice.

*Hold an undergraduate degree from an accredited educational institution ( or satisfy a specified alternative )

Experience:

Received credit for 4,500 hours of experience, including 2,000 hours of residential appraisal experience, all of which must meet strict criteria.

Demonstration Report

Receive credit for a demonstration appraisal report relating to a residential 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, or fulfill an approved comparable alternative.