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The SRA designation, the Institute's most prestigious for its members who practice primarily residential appraisal, is held by real estate solutions providers who are experienced in the analysis and valuation of residential real property.
The designation is conferred by the Appraisal Institute. 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 current requirements for the SRA designation are:
Pass rigorous education requirements
Submit residential experience which must meet strict criteria
Receive credit for a demonstration appraisal report
Conduct his or her professional activities in accordance with the Appraisal Institute’s Code of Professional Ethics and are subject to a peer review process, which enforces the Code of Professional Ethics
Appraisal Institute SRA members are required to adhere to strict continuing education requirements to ensure they are up-to-date with the evolving real estate field.
Because of The Appraisal Institutes rigorous requirements and commitment to providing valuable information, continuing education and other valuable resources to its members, you can be confident an appraiser with an SRA designation will provide you with the very highest quality residential appraisal service.
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