SRPA designation (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 have met the following
requirements:
Education:
- Received 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)
Experience:
- Received credit for real estate appraisal experience, at
least half of which had to relate to income-producing
properties.
Demonstration Report:
- Received 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.