Dictionary of Real Estate Terms: MAI
MAI
a professional appraisal designation conferred by the appraisal institute.
Example: To acquire the designation MAI, an appraiser must pass several written proficiency examinations, perform acceptable appraisal work for a specific period of time, and prepare a demonstration narrative appraisal report. The MAI signifies the appraiser is qualified to appraise a broad range of real estate types.
