The MAI designation is held by appraisers who are experienced in the valuation of commercial, industrial, and residential, and other types of propery and who advise clients on real estate decisions.

The SRPA designation is held by appraisers who are experienced in the valuation of commercial, industrial, residential, and other types of property.



RICS is the world’s leading qualification when it comes to standards in land, property and construction valuation. Professional membership of RICS entitles you to use the designation MRICS, an internationally recognized and respected mark of excellence and integrity.

RICS Americas, one of five world regions of the Royal Institution of Chartered Surveyors (RICS), oversees members and activities in North, South and Central America and the Caribbean from its office in New York City.

RICS Americas oversees thousands of members working in the real estate appraisal environment. Its largest chapters operate in New York, Toronto, Vancouver, Los Angeles, Washington, Chicago, Kingston and Port of Spain. Qualified RICS members – who span the real estate and construction professions, including development, research, construction management, investment and consultancy – hold the MRICS (Member) or FRICS (Fellow) designation.

Much like the MAI or CFA or CPA designations, the RICS qualifications demonstrate the highest standards of education, professional training and ethical conduct.

Professional Designations

Gary Lee Sapperstein holds both the MAI and SRPA designation. In today's turbulent real estate market, you want a professional with the knowledge and experience to make sound real estate decisions. When you see the MAI or SRPA designation, you can rest assured you are making the right choice.



    All Appraisal Institute members holding the MAI or SRPA designation are required to:

    Complete rigorous education requirements, submit extensive specialized appraisal experience, demonstrate appraisal experience, demonstrate appraisal report writing abilities, and potentially pass a comprehensive examination. All requirements to obtain the MAI or SRPA designations are significantly above state and federal requirements.

    Conduct his or her professional activities in accordance with the Appraisal Institute's Code of Professional Ethics and are subject to a peer review process, which enforces the Code of Professional Ethics.

    Adhere to strict continuing education requirements to ensure they are up-to-date with the evolving real estate field.




In addition, the Appraisal Institute's MAI and SRPA designations have long been recognized by courts of law, government agencies, financial institutions and investors as marks of excellence in the field of real estate valuation and analysis.

The Appraisal Institute is an international membership association of professional real estate appraisers. There are 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.