The SRA membership designation is held by professionals who provide a wide range of services for residential properties related to providing opinions of value, evaluations, reviews, consulting, and advice regarding investment decisions, among other things.
To become a SRA Designated member of the Appraisal Institute, an individual must:
- Have good moral character;
- Be a Certified Residential or Certified General Real Property Appraiser (or meet equivalency);
- Hold bachelor's degree or higher (or be a Certified Residential or Certified General Real Property Appraiser);
- Meet standards and ethics requirements;
- Pass rigorous education requirements;
- Receive credit for residential experience that meets strict criteria; and
- Receive credit for the demonstration of knowledge requirement.
SRA Designated members agree to adhere to the Appraisal Institute Code of Professional Ethics and Standards of Professional Appraisal Practice, underscoring a commitment to sound and ethical professional practice.
The completion of continuing education requirements assures that SRA Designated members remain informed on trends and changes pertaining to real property valuation, enabling them to provide valuations that reflect the latest in professional practice.