Skip Navigation LinksHome > Education >
 Decrease font   Enlarge font
Appraisal Institute Education


Master's Degree Program

Graduate students majoring in real estate appraisal can apply education and experience credits towards earning the Appraisal Institute's MAI membership designation through the master's degree program at participating universities.

Individuals meet Appraisal Institute education requirements by taking pre-approved courses administered by the participating universities covering the same material and body of knowledge as those given by the Appraisal Institute, with the exception of the Standards of Professional Practice required courses and the Comprehensive Examination. (Note: Other exceptions may exist at particular universities.)

Students who are currently enrolled in the master's degree program are eligible to become Associate Members of the Appraisal Institute. As such, they:

  • Receive all the advantages and discounts offered to all Associate Members, including member prices on education and publications, but without having to pay the annual Appraisal Institute national fees;
  • Do not have to affiliate with an Appraisal Institute chapter or pay chapter dues but may attend chapter meetings and network with other members in their local area;
  • Are able to take the online 15-Hour USPAP at no charge within the first year of Associate membership; and
  • Receive the Appraisal Institute periodicals The Appraisal Journal and Valuation magazine at no cost.

Additionally, students who complete the Appraisal Institute's required demonstration appraisal report during the program will be permitted to submit it for academic credit to the participating university as an independent study project.



How To Apply
  1. For university degree program enrollment information, interested individuals should contact the participating universities directly.
  2. After acceptance into the approved university program, enrolled students may apply for Associate Membership with the Appraisal Institute. (Please note your MDP enrollment in the “Comments” portion of the application.)
  3. If you are already a member of the Appraisal Institute, please contact 312-335-4111 or admissions@appraisalinstitute.org.
You will be asked to provide evidence of your enrollment in the program in the form of a letter from the university so you can receive the appropriate MDP student membership rate.

Additional Requirements

In addition to successful completion of the qualified master's degree program, all students interested in attaining the MAI designation must:
  • Pass the 15-hour Uniform Standards of Professional Appraisal Practice and the Appraisal Institute’s Business Practice & Ethics course, and possibly the Report Writing and Valuation Analysis course and exam.
  • Submit work done as part of a job, internship or thesis project for grading for the experience hour requirement.
  • Receive credit for a Demonstration Appraisal Report on an income producing property or receive credit for the research paper or three-appraisal report alternative.
  • Successfully pass the Appraisal Institute’s Comprehensive Exam for the MAI designation.
Learn more about the requirements for the MAI Designation.

Participating Universities
Currently, five universities participate in the master's degree program. Participating universities are: Scholarships
Students may apply for an Appraisal Institute Education Trust Fund scholarship for tuition assistance.

Questions?
Please contact the Admissions Department at 312-335-4111 or admissions@appraisalinstitute.org.