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Real estate appraisal organizations represent various real estate appraiser professionals. Real estate appraisal is the process of valuing real estate, usually to find a market value for the real property. As properties are unique, an appraiser needs to take into account various factors in determining a value, such as location, size, and quality.
The American Society of Appraisers is an organization of appraisal professionals from a variety of sectors, including real property. They have regional groups or chapters that a professional can belong to. Representatives of the various appraiser types and regions run the ASA. The organization gives accreditation to professionals who demonstrate their expertise in their chosen field.
The Appraisal Institute was formed over 75 years ago in order to foster and promote high standards of practice in the profession. It has its own designation programs and a peer review process to accomplish this task. The designations include the SRA, for residential appraisers, the MAI, for commercial appraisals, and the SRPA, for senior real property appraisers.
Using a properly accredited professional from one of the various organizations is good practice for businesses that need appraisal services.
If you want to learn more about real estate appraisal organizations, click on the links on this page, which were compiled and researched by Business.com.