(source: The Appraisal Institute)
SRPA stands for Senior Real Property Appraiser, and is a designation associated with the Appraisal Institute. The Appraisal Institute is an international membership association of professional real estate appraisers, with more than 18,000 members and 99 chapters throughout the United States, Canada and abroad. Its mission is to support and advance its members as the choice for real estate solutions and uphold professional credentials, standards of professional practice and ethics consistent with the public good. The SRPA designation is held by appraisers who are experienced in the valuation of commercial, industrial, residential and other types of property.
SRPA designates must receive a passing grade on a series of examinations that tested the appraiser’s knowledge of basic and advanced real estate principles, procedures and applications and standards of professional practice
Hold an undergraduate degree from an accredited educational institution (or satisfy specified alternatives).
SRPA designates must receive credit for real estate appraisal experience, at least half of which had to relate to income-producing properties.
SRPA designates must receive credit for one income property demonstration appraisal report, which exhibited two forms of depreciation, physical incurable deterioration or either functional or external obsolescence.
Because of its rigorous requirements and the Appraisal Institute’s commitment to providing valuable information, continuing education and other professional resources to its members, you can be confident and appraiser with an SRPA designation will provide you with the very highest quality appraisal service.
Subscribe to Our Newsletter
Want to stay updated on AppraisalPro’s latest news and offerings? Our monthly newsletter is a great way to find out about our newest products and services and to keep up with big news in the mortgage industry.