| |
Appraisal
Institute
(MAI) |
Texas
Certified
(General) |
| Required
Hours of Education |
280 |
180 |
| Required
Hours of acceptable real estate appraisal related
courses (8 courses) |
280 |
45 |
| Number
of courses required of acceptable real estate
appraisal related courses |
8
courses
(35 hour ea.) |
4-5
courses
(6-8 hours ea.) |
| Continuing
Education |
100
hours required
each 5 year period
after designation
(Includes Uniform
Standards of
Professional Appraisal
Practice course) |
28
hours every
2 years
(Basic ACE
Courses) |
| Required
hours appraisal work experience |
3,000 specialized
commercial (most
difficult property type)
plus 2,000 hours of
General State
Certified hours |
2,000
hours of real
estate appraisal
experience over a
minimum of 2.5
years (1,500 hours
must be
non-residential |
| Average
years it takes to achieve a designation,
certification or license |
5-7
Years |
3
Years |
| Required
work experience |
Residential,
General
Commercial,
Specialized
Commercial |
Residential
and
non-residential real
estate appraising |
| Final
level or last year of work experience review by
the Appraisal
Institute appointed review board |
Required
before
receiving MAI
(must pass) |
None |
| General
Comprehensive Examination (must pass prior to the
final level of experience review) |
8
hours
(2 four hour parts) |
(ASI)
4 hour test |
| Average
time it takes to complete the exam or test |
7-8
hours |
1½
to 4 hours |
| Percent
exam or test pass rate |
15-20%
first time
(three tries allowed) |
90-95%
(unlimited tries) |
| Education
level |
4
year college degree |
High
School Diploma |
| Annual
Dues |
$940
per year |
$250
every 2 years |
| Demonstration
report or an income producing property that must
include two types of depreciation in the property |
Required |
None |
| Note:
For complete information on requirements, please
refer to Regulation No. 1 and the MAI Procedure
Manual. |
