Nick Chop Commercial Appraisals

Commercial real estate valuation throughout North Florida.

Appraisal Institute Candidate for Designation Program Cost

Candidate for Designation Program Cost
Appraisal Institute

MAI Designation

I have posted about Candidate for Designation Program by the Appraisal Institute here.  I still get questions on why, what is it and what is the Candidate for Designation Program cost and what if I do nothing?  In a nutshell it replaces the current Associate Member program.  However, the main ‘what is it’ is a way to have a bit more structure to a future MAI member to stay the course and get it completed.

Are you a Candidate for the ‘Candidate for Designation Program’?

If you want your MAI designation, then yes you should really sign up.  Beginning January 1, 2013 you will have the following options.  Also what is the cost for the Candidate for Designation program?  What is the cost as a Practicing Affiliate?

  1. Candidate for Designation – must be on track to earning the MAI designation. Cost is $450, discounted $55 or $395 if enrolled by August 31, 2012 for the Candidate for Designation program.
  2. Practicing Affiliate – not pursuing the MAI designation.  Cost is $330 for the Practicing Affiliate, which is the same as 2012 Associate Member dues. Affiliates will receive discounts on qualifying education and continuing education only.
  3. Affiliate – you are not practicing.  Cost is $210 for the Affiliate, which is the same as 2012 dues.
  4. Do nothing – you risk more stringent requirements to obtain the MAI if you decide to become a candidate at a later date.  By signing up for the Candidate for Designation Program, you ‘lock-in’ the current requirements.

I’d be happy to discuss the Candidate for Designation Program.  Please note, if you sign up prior to August 31, 2012 you will receive the discount of $55, and the $395 will not be due until January 1, 2013.  If you know for certain you will continue to pursue your MAI designation, then sign-up now for the Candidate for Designation Program.

See my post on what the MAI designation is and what qualifications you currently need.

Comments

  1. Sally Marks says:

    Hi Nick! Great blog. Keep it up.

  2. Dusty Lewis says:

    Great blog, Nick. Part of the thing I see most people not recognizing is that AI was once a professional society, and transitioned to more of a trade organization model after FIRREA. the C4D format brings us back to where things were. Some of the drawbacks to the trade organization have bee that anyone associated with the organization could call themselves a “member” which convoluted the relevance of the designations. There were other issues with the costs of services supplied to “associate” members in relation to the dues paid. Granted, the new affiliate members will still receive discounts on education and publications, other services will not be available (from recollection the Lum Library being one of those perks). As a professional society, we also need to remain relevant by designating new members (on the commercial and residential levels). Right now, the SRA is losing its strength in numbers and most traditional users of our services are not willing to recognize the qualifications as being well above and beyond state licensing. As a long time SRA and newly designated MAI, it is part of my mission to make our AI membership designations something that all practicing appraisers should strive for, particularly for the residential appraisers who are misled by the misconceptions of licensing as a substitution for designation.

  3. George West, SREA, MAI, SRA, CBA, EBA says:

    Nick, we are in agreement about our designations. I have only been in the appraisal buuisiness for 45 years. Here in Dallas, was on the app. board, and testified before congress about appraisal issues in 1990. We are sliding backwards in fees and work. If you have any ideas let me know. I have sliped into real estate it was good until the Feds got into it. We need to do something.

    Resptfully,
    George West

    • My reply is long overdue, somehow missed it. It’s tough George. Without collusion, I think our industry needs to take pride in what we do to produce and keep fees up. A small percentage of appraisers I feel have put a dent on fees over the last 5+ years, all the while in the CMBS arena has asked for more oversight and regulation. I keep hearing our industry is shrinking with available certified appraisers. If this is true, I like to think supply/demand may take care of the issue you bring up.

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