The SRPA membership designation is held by professionals who provide a wide range of services on all types of real property related to providing opinions of value and review, among other things. Property types may include the valuation of commercial, industrial, agricultural, residential, and vacant land.
The requirements that an appraiser must have fulfilled for the SRPA designation were as follows:
- Pass rigorous education requirements;
- Received credit for real estate valuation experience (at least half of which related to income-producing properties);
- Received credit for one income property demonstration valuation report that, exhibited two forms of depreciation, physical incurable deterioration or either functional or external obsolescence;
- Conduct professional activities in accordance with the Appraisal Institute Code of Professional Ethics which are subject to a peer review process; and
- Adhere to strict continuing education requirements that ensure knowledge in an evolving real estate field.
SRPA 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 SRPA Designated members reamin informed on trends and changes pertaining to real property valuation, enabling them to provide valuations that reflect the latest in professional practice.