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The Appraisal Institute is a well-respected organization engaged in the real estate appraisal. It has branches in all major cities and about nineteen thousand members. It organizes courses labeled MAI (Member of the Appraisal Institute) courses that teach about appraisal of residential and commercial property.

The Appraisal Institute is engaged in teaching, training and publishing activities for its members. It holds various seminars from time to time on real estate appraisal in various cities for its members. It teaches its members to follow legal methods in the conduct of their business and is an equal opportunity provider for women and minorities.

Professional appraisers can be full-time members of the Appraisal Institute. Membership is of three types, namely MAI, SRPA and SRA Members have access to the well- stocked library of the institute. They can download full articles from the institute web site. Other people from associated fields like bankers and lawyers can opt for associate membership.

The institute is a major institution that influences legislation in the real estate appraisal. Its members work hard for adoption of legislation that is for the greater public benefit. It is a major publisher of journals and articles on real estate appraisal. Knowledgeable experts contribute articles backed by authentic research.

The MAI courses are of four types. The fundamental course teaches the basics of the business like the basics of real estate, laws governing real estate, market analysis and the theories of economics. One is proficient in basic principles after clearing the exam at the end of this course. The basic appraisal procedures course deals with the various aspects of the property valuation like market research and analysis and different ways to estimate the value of a property. The qualification is complete after one passes the exam at the end of the course.

With various innovations in appraisal methods, the new technology course prepares appraisers to implement new techniques to improve the quality of the appraisals. This course gives practical examples so that the students can learn application of the new techniques. The general applications course is practical course to teach students the practical applications of the above-mentioned three courses. In this way, MAI courses meet the needs of every category of appraiser, either a beginner or a professional.

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