What Is the Appraisal Institute?

Unless you are employed in the field of real estate or are a licensed appraiser, chances are that you probably do not know much about the Appraisal Institute. The Appraisal Institute is a national, professional membership organization for licensed appraisers. It has a long history in the field of appraising and serves as both a learning and guidance resource for those in the field.

How the Appraisal Institute came into existence

The Appraisal Institute actually came into existence when the two foremost professional membership organizations, American Institute of Real Estate Appraisers (AIREA) and the Society of Real Estate Appraisers, came together in 1991 to form one single entity. With 75 years of combined history, the Appraisal Institute is the world leader in the furthering of education, public outreach programs and global contributions to the profession. Backed by 91 chapters throughout the U.S. and boasting a membership more than 25,000 strong, the Appraisal Institute is the foremost leader and innovator when it comes to the field of appraising and valuations.

What does the Appraisal Institute do?

Besides serving as a professional membership organization for those in the field, the Appraisal Institute does much more. The organization serves as a ground-breaking developer of new appraisal methods, constantly raising the bar to make sure that the profession stays ahead of the curve. Another endeavor is making sure that the Code of Professional Ethics and Standards of Professional Appraisal Practice stays relevant to current market trends. The Institute also assists on an educational level, both within the organization and the public, in hopes of raising awareness.

The Appraisal Institute is an important organization that furthers advancement of the field of appraising as a whole. Its past achievements are a testament to its vision and dedication to the future of appraisers, both nationally and globally.