Ameritus Appraisal & Consulting Inc.

Ameritus Appraisal & Consulting Inc.
265 Commercial Street S.E.
Suite 270
Salem, OR 97301-3451
ph: (503) 581-1224
fax: (503) 581-1262
lorenwright@ameritusappraisal.com

MAI Designation

Loren A. Wright, president, holds the prestigious MAI designation from the Appraisal Institute.

The MAI membership designation 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. The current requirements that an appraiser must fulfill to receive the MAI designation are as follows:

Education:

Receive a passing grade on 11 examinations that reflect 380 hours of classroom instruction and that test the appraiser’s knowledge of basic and advanced appraisal principles, procedures and applications; report writing; valuation analysis and standards of professional practice
Receive a passing grade on a four-module, two-day comprehensive examination
Hold an undergraduate degree from a four-year accredited educational institution.

Experience:

Receive credit for 4,500 hours

of experience, all of which must

meet strict criteria.

Demonstration Report:

Receive credit for a demonstration appraisal report relating to income-producing property that demonstrates the ability to present a properly supported value estimate or opinion evaluating the nature, quality or utility of a parcel of real estate or any interest in, or aspect of, real property, including handling physical incurable depreciation, or fulfill an approved comparable alternative.

MAIs are recognized experts in appraising properties of all kinds and form a business network encompassing markets nationwide and in Canada. Appraisal Institute members adhere to a strictly enforced Code of Professional Ethics and Standards of Appraisal Practice.

Every Member of the Appraisal Institute agrees to conduct his or her professional activities in accordance with the Code of Professional Ethics and Standards of Professional Appraisal Practice of the Appraisal Institute. In addition, the Appraisal Institute has developed a sophisticated peer review system through which it enforces its Code of Professional Ethics and Standards of Professional Appraisal Practice. Violations of the Code of Ethics or Standards can result in remedial or disciplinary actions.

In addition, each designated member of the Appraisal Institute must complete 100 hours of approved continuing education every five years to retain their designation

Ameritus Appraisal & Consulting Inc.
265 Commercial Street S.E.
Suite 270
Salem, OR 97301-3451
ph: (503) 581-1224
fax: (503) 581-1262
lorenwright@ameritusappraisal.com