SRPA Designation:

                                        The SRPA designation is held by            
                                        appraisers who are experienced in the   
                                        valuation of commercial, industrial,        
                                        residential, and other types of              
                                        property.   
                             
                           MAI Designation:                   
                  
                                       The MAI designation is held by              
                                        appraisers who are experienced in the    
                                        valuation of commercial, industrial,         
                                        residential, and other types of property  
                                        and who advise clients on real estate     
                                        decisions.
Gary Lee Sapperstein holds both the MAI  and the SRPA
designation.  In today’s turbulent real estate market, you want a
professional with the knowledge and experience to make sound real
estate decisions. When you see the MAI or SRPA designation,
you can rest assured you are making the right choice.

All Appraisal Institute members holding the MAI or
SRPA designation are required to:

  •   Complete rigorous education requirements, submit
    extensive specialized appraisal experience, demonstrate
    appraisal report writing abilities and potentially pass a
    comprehensive examination. All requirements to obtain the
    MAI or SRPA designations are significantly above the
    state and federal requirements.

  •   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.

  •   Adhere to strict continuing education requirements to
    ensure they are up-to-date with the evolving real estate
    field.

  In addition, the Appraisal Institute’s MAI and SRPA designations
have long been recognized by courts of law, government agencies,
financial institutions and investors as marks of excellence in the
field of real estate valuation and analysis.

The Appraisal Institute is an international membership association
of professional real estate appraisers.  There are 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.
Professional Designations
Membership/Standards of
Professional Practice/
Good Moral Character
 Must provide proof of passing an
approved 15-Hour National USPAP
Course/Exam and pass the
Appraisal Institute's Business
Practice and Ethics Course.

The Associate Member must be a
General Associate Member in good
standing for at least 12 months
prior to applying for MAI
Designated Membership.

The Associate Member must have
good moral character
Required Courses/Exams
 Unless AQB criteria for general
state certification or certain
degrees are attained, nine Level 1
Exams are required.  Credit must
be received for five Level II
courses/examintions.
College Degree
Requirement
 At least a four-year college degree
from an accredited college or
university, documented by
providing an official transcript sent
directly from the college to
Associate and Affiliate Member
Service Center.
Comprehensive Exam
 Must pass the Appraisal Institute's
General Comprehensive
Examination.
Appraisal Experience
 The general associate member
must receive credit for 4,500 hours
of Specialized Experience over at
least a 36-month period.
Demonstration Report
 Must receive credit for a
demonstration appraisal report on
an income producing property or
receive credit for the research
project or three-appraisal report
alternative.
Source: Summary of requirements for MAI Membership from the
Appraisal Institute.  
For further information see www.appraisalinstitute.org.
Summary of Requirements for MAI Membership
Summary of Requirements for SRPA Designation
  • Pass rigorous education requirements
  • Received credit for real estate experience, at least
    half of which had to relate to income-producing
    properties
  • Received credit for one income property
    demonstration appraisal report, which exhibited two
    forms of depreciation, physical incurable
    deterioration or either functional or external
    obsolescence
  • Conduct his or her professional activities in
    accordance with the Appraisal Institute's Code of
    Professional Ethics and are subject to a peer revew
    process, which enforces the Code of Professional
    Ethics
  • Appraisal Institute SRPA members are required to
    adhere to strict continuing education requirements
    to endure they are up-to-date with the evolving real
    estate field.
.Source: Summary of requirements for SRPA Membership from the
Appraisal Institute.
For further information see www.appraisalinstitute.org
Sapperstein & Associates, LLC       7920 Norfolk Ave, Suite 220       Bethesda, MD 20814
301-654-0214    Fax: 301-654-0272
Email: appraisal@sapperstein.net