The SRA designation is considered to be the most prestigious distinction awarded to outstanding valuation professionals by the Appraisal Institute (AI). Those who have earned this designation have achieved the highest standards of education, ethics, experience and valuation service.
The SRA title signifies an appraiser’s proven competence in providing valuations, opinions, advice, and other consulting services for their clients on residential and investment properties.
Let’s take a look at what it takes to achieve this illustrious status within the valuation industry, and how it benefits the consumer.
Requirements To Achieve SRA Designation
Meeting AI’s rigorous requirements for the SRA designation is no easy feat, and far more demanding than a standard state valuation certificate.
For instance, within the initial year of SRA candidacy, the appraiser must complete AI’s Standards and Ethics requirement, which clearly establishes standards the appraiser must adhere to regarding both ethical behavior and proficient performance.
Besides demonstrating sound moral character, the SRA candidate must also hold a 4-year undergraduate degree from an accredited institution, take extensive continuing education courses in valuation, pass a Residential Equivalency examination, and achieve credit for 4,500 hours of experience.
The SRA Advantage
What does this all mean to the consumer? Preparing accurate valuation reports and offering sound counsel is the mission of any qualified valuation professional. Additional training and advanced degrees of experience and competency allows SRA appraisers to perform at superior levels for their clients, staying up-to-date on changes in the industry, and the markets they serve.
SRA Designation: Integrity That Speaks For Itself
Less than 1 percent of the nation’s valuation professionals achieve the SRA designation. The integrity their title signifies extends to their clients, and beyond. These distinguished appraisers are highly regarded and recognized by governmental agencies, courts of law, lenders, investors and more.
The commitment an SRA designation displays to an appraiser’s profession lends credibility to their work and the clients they represent.