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Appraisal Institute Online: Real Estate Appraisers, Residential And Commercial Real Estate Appraisal
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Published: September 24, 2007
Real estate appraisers are often cast in a negative light; they are stereotyped as men and women who lie to potential customers, often bending the truth to make a house seem better than it actually is. However, many honest real estate appraisers exist, and they all vie for top positions in the world of real estate appraisal.
The Appraisal Institute is an organization that can aid appraisers in their quest for jobs, education and potential solutions to difficult problems.
The Appraisal Institute, organized in 1932, currently consists of 22,000 members in 92 chapters throughout the world. The purpose of the Appraisal Institute, which is headquartered in Chicago, is to provide members with access to education opportunities and advocacy programs. According to their official website, the Appraisal Institute was created to uphold professional credentials, standards of professional practice and ethics consistent with the public good.
The Appraisal Institute is especially helpful in education opportunities – in fact, they claim to be a "worldwide leader" in teaching real estate appraisers about their profession. The Appraisal Institute offers many of their courses online, presenting busy workers with a great resource; online courses can be taken anytime, allowing for a very flexible schedule. Real estate appraisers can take courses on residential and commercial real estate education from the Appraisal Institute. People can sign up for classes if they are working toward earning their real estate appraisal license, if they want Appraisal Institute designation, or if they simply want to know more about commercial and residential real estate appraisal.
Becoming a member of the Appraisal Institute is a great idea for everyone, from budding appraisers to professionals. The official Appraisal Institute lists 20 important reasons for real estate appraisers to join, including free advertising, access to the helpful Lum Library, and discounts on online education. Different fees exist for varying levels of membership: the service fee for a National Associate Member is $310, $190 for a National Affiliate Member, and only $50 for a National Student Affiliate Member. However, there are also a number of application fees potential Appraisal Institute members must pay.
Another plus to becoming a member of the Appraisal Institute is being connected to thousands of commercial and residential real estate appraisers around the world. These members can trade information and learn from one another. Belonging to the Appraisal Institute is also great for people new to real estate, since all members must adhere to a strict code of professionalism. If an employer sees that an appraiser belongs to the Appraisal Institute, it is assumed the potential employee keeps to the code.
The Appraisal Institute also prides itself on being the largest publisher of real estate appraisal literature. This constantly updated mass of material is a great resource for members as well as non-member real estate appraisers throughout the world.
Joining the Appraisal Institute will net any commercial or residential real estate appraiser many benefits, for a price. However, many choose to accept this price, opting to pay for access to a wide network of appraisers and resources.
Sources:
"Appraiser Education." Appraisal Institute. 2007. 21 Sept. 2007. http://www.appraisalinstitute.org/education/defaul t.asp.
"Appraisal Institute 2007 Fees." Appraisal Institute. 2007. 21 Sept. 2007. http://www.appraisalinstitute.org/join/downloads/2 007_Fees.pdf.
"A Universe of Benefits is Yours at the Appraisal Institute." Appraisal Institute. 2007. 21 Sept. 2007. http://www.appraisalinstitute.org/membership/downl oads/Member_Benefits.pdf.
"Who We Are." Appraisal Institute. 2007. 21 Sept. 2007. http://www.appraisalinstitute.org/join/default.asp .
Related Articles
The Appraisal Institute, organized in 1932, currently consists of 22,000 members in 92 chapters throughout the world. The purpose of the Appraisal Institute, which is headquartered in Chicago, is to provide members with access to education opportunities and advocacy programs. According to their official website, the Appraisal Institute was created to uphold professional credentials, standards of professional practice and ethics consistent with the public good.
The Appraisal Institute is especially helpful in education opportunities – in fact, they claim to be a "worldwide leader" in teaching real estate appraisers about their profession. The Appraisal Institute offers many of their courses online, presenting busy workers with a great resource; online courses can be taken anytime, allowing for a very flexible schedule. Real estate appraisers can take courses on residential and commercial real estate education from the Appraisal Institute. People can sign up for classes if they are working toward earning their real estate appraisal license, if they want Appraisal Institute designation, or if they simply want to know more about commercial and residential real estate appraisal.
Becoming a member of the Appraisal Institute is a great idea for everyone, from budding appraisers to professionals. The official Appraisal Institute lists 20 important reasons for real estate appraisers to join, including free advertising, access to the helpful Lum Library, and discounts on online education. Different fees exist for varying levels of membership: the service fee for a National Associate Member is $310, $190 for a National Affiliate Member, and only $50 for a National Student Affiliate Member. However, there are also a number of application fees potential Appraisal Institute members must pay.
Another plus to becoming a member of the Appraisal Institute is being connected to thousands of commercial and residential real estate appraisers around the world. These members can trade information and learn from one another. Belonging to the Appraisal Institute is also great for people new to real estate, since all members must adhere to a strict code of professionalism. If an employer sees that an appraiser belongs to the Appraisal Institute, it is assumed the potential employee keeps to the code.
The Appraisal Institute also prides itself on being the largest publisher of real estate appraisal literature. This constantly updated mass of material is a great resource for members as well as non-member real estate appraisers throughout the world.
Joining the Appraisal Institute will net any commercial or residential real estate appraiser many benefits, for a price. However, many choose to accept this price, opting to pay for access to a wide network of appraisers and resources.
Sources:
"Appraiser Education." Appraisal Institute. 2007. 21 Sept. 2007. http://www.appraisalinstitute.org/education/defaul t.asp.
"Appraisal Institute 2007 Fees." Appraisal Institute. 2007. 21 Sept. 2007. http://www.appraisalinstitute.org/join/downloads/2 007_Fees.pdf.
"A Universe of Benefits is Yours at the Appraisal Institute." Appraisal Institute. 2007. 21 Sept. 2007. http://www.appraisalinstitute.org/membership/downl oads/Member_Benefits.pdf.
"Who We Are." Appraisal Institute. 2007. 21 Sept. 2007. http://www.appraisalinstitute.org/join/default.asp .
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