What is the SRA designation?

Mike Brubaker has “SRA” behind his name. What does that mean? Earning the SRA designation isn’t easy. The SRA designation is conferred by the Appraisal Institute, which is the world’s leading appraisal organization. Holding the SRA designation indicates a post-graduate level of achievement. SRA’s must meet rigorous education, experience and ethical requirements. This designation has been earned by less than 1% of all real estate solutions providers nationwide. The current requirements one must fulfill to receive the SRA designation is as follows:

Education:

  • Receive a passing grade on six examinations that reflect 200 hours of classroom instruction and test the appraiser’s knowledge of appraisal principles, residential valuation techniques, report writing and standards of professional practice.
  • Hold an associate degree from an accredited educational institution (or satisfy a specified alternative).

Experience:

  • Receive credit for 3,500 hours of Residential Appraisal experience over a period exceeding 24 months.

Demonstration report:

  • Receive credit for a demonstration appraisal report relating to a residential property that exhibits at least two forms of depreciation. All adjustments must be supported by market-derived evidence. This report is similar to a thesis.

Continuing education:

  • Designated members are required to continue their education. This includes continuous attendance and passing of exams for Standards of Professional Appraisal Practice courses. This commitment to professionalism makes Appraisal Institute members the preferred choice for real estate appraisal and analysis services. Ethics is the hallmark of an SRA.

The opinions of SRA designated appraisers are continuously sought out by lenders, government agencies, courts, attorneys and accountants. These knowledgeable appraisal users understand that SRA designated members have made a personal commitment to being the very best in their field.

Throughout its 75-year history, the Appraisal Institute has been the world’s leading organization of real estate solutions providers. Designated members of the Appraisal Institute have long been regarded for their knowledge and experience as well as their independent, impartial and objective approach to real property appraisal and analysis. To maintain their designation, members adhere to continuing education requirements in excess of state standards. Appraisal Institute members are known worldwide for their experience, knowledge and high ethical standards.

Make a smart decision by selecting an SRA designated member of the Appraisal Institute. In today’s real estate market, professionalism, integrity and knowledge are at more of a premium than ever before. Engaging the services of an SRA assures you will benefit from the most skilled and highly regarded real estate professionals in the world.

How do you find a designated member of the Appraisal Institute? It’s easy. Go to www.appraisalinstitute.org and look for the “Find an appraiser” option under the “Home” tab. You can search for members by name, city, county, state or metropolitan area. Better yet, contact Mike Brubaker at 713.464.4666 for a personal referral.

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