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Finance
Posted: October 16, 2015
Rand of Integra Realty Resources awarded the Appraisal Institute’s MAI membership designation
Malden, MA Scott Rand, MAI of Integra Realty Resources in Boston, has been awarded the Appraisal Institute’s MAI membership designation, which is held by appraisers who are experienced in the valuation and evaluation of commercial, industrial, residential and other types of properties, and who advise clients on real estate investment decisions. Rand was honored during a meeting of the Mass./RI chapter of the Appraisal Institute at its Fall Business Meeting on September 22 at the Newport Vineyards and Middletown, R.I.
Scott Rand of Integra Realty Resources with MAI certificateBy receiving the MAI designation, Rand has joined an elite group of appraisers who have met rigorous professional requirements relating to education, testing, experience and demonstration of knowledge, understanding and ability.
The MAI designation is received upon the completion of a graduate-level curriculum, which includes a comprehensive exam, a written demonstration appraisal report and attaining 4,500 hours of qualifying experience requirements. Also, designees must abide by both the appraisal profession’s Uniform Standards of Professional Appraisal Practice (USPAP) and the Appraisal Institute’s Standards of Professional Practice and Code of Ethics.
MAIs are recognized experts in appraising properties of all kinds and form a business network encompassing markets nationwide and around the world. Currently, about 8,200 real estate appraisal professionals hold the MAI designation, with another 2,700 practitioners seeking it.
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