IFAA (Independent Free Appraiser – Agricultural)

IFAA Designation

(Source: National Association of Independent Fee Appraisers)

IFAA is a designation conferred to a agricultural appraisal specialist who is a Member of the National Association of Independent Fee Appraisers (NAIFA).

NAIFA was founded in 1961 as a nonprofit professional association of real estate appraisers.  Today, NAIFA has chapters throughout the United States, Canada, and Mexico.  The Association’s objectives are to raise the standards of the appraisal profession, gain recognition for its members as qualified professionals, and to promote fellowship among appraisers.  There are seven [7] levels of membership with four [4] professional designations plus two [2] designation programs for designated members of other associations that sponsor The Appraisal Foundation.

IFAA designates must be a member (Candidate, Associate, or Affiliate) of NAIFA and must meet the following requirements for IFAA status:

Education: 

Appraisers with this designation must receive a passing grade on the IFA member examination (examination can be waived if you submit proof of having residential state certification). They must have completed at least four years of college or its equivalent. They are also required to complete a minimum of 120 classroom hours in subjects related to real-estate appraisal including Course 1.1, 1.2, 1.4, 1.5, and 5.0, the NAIFA Ethics course, or other equivalent thereof.

Experience:

Appraisers with this designation must show evidence of 6,000 hours of income property/ non-residential appraisal experience in the past four years; 3,000 hours must be in the appraisal of agricultural properties.

Demonstration Report:

Submit an original and one copy of a Self-Contained Appraisal Report of an agricultural property that meets the requirements and criteria of the Admissions Committee.

Because of its rigorous education and experience requirements and commitment to adhere to strict industry standards and a professional code of ethics, you can be confident an appraiser with an IFAA designation will provide you with the very highest quality agricultural appraisal service.

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