- Mortgage lending purposes
- Tax assessments and appeals of assessments
- Negotiation between buyers and sellers
- Government acquisition of private property for public use
- Business mergers or dissolutions
- Lease negotiations
Appraisers who become designated members of the Appraisal Institute have gone beyond these requirements. They have fulfilled rigorous education and experience requirements and must adhere to strict standards and a code of professional ethics. The Appraisal Institute currently confers the MAI membership designation on those who are experienced in the valuation of commercial, industrial, residential, and other types of properties. The SRA membership designation is held by those who are experienced in the analysis and valuation of residential real property.
Appraiser Trainee:
Someone who is qualified to appraise those properties, which the supervising certified appraiser is qualified to appraise.
Licensed Real Property Appraiser:
Someone who is qualified to appraise non-complex one to four units having a transaction value less than $1,000,000 and complex one to four residential units having a transaction value less than $250,000. This classification does not include the appraisal of subdivisions.
Certified Residential Real Property Appraiser:
Someone who is qualified to appraise one to four residential units without regard to value or complexity. This classification does not include the appraisal of subdivisions. To be a state certified residential appraiser qualified to do appraisals for federally related transactions, a state must have requirements that meet or exceed this minimum standard.
Certified General Real Property Appraiser:
Someone who is qualified to appraise all types of real property. To be a state certified general appraiser qualified to do appraisals for federally related transactions, a state must have requirements that meet or exceed this minimum standard.
Gary M. Wade, MAI is a Certified General Appraiser in the States of New Jersey, New York, and Pennsylvania.

Are you an MAI?
Gary M. Wade is an MAI Designated Member of the Appraisal Institute.
The MAI designation is held by individuals who are experienced in the valuation and evaluation of commercial, industrial, residential and other types of properties, and who advise clients on real estate investment decisions. To pursue MAI Designated membership, one must be a general Candidate for Designation.
Are you qualified to perform appraisals for eminent domain or condemnation matters?
Yes. Gary M. Wade, MAI has extensive experience performing appraisals for partial and total takings and the creation of easements. Mr. Wade has also been a court appointed commissioner for eminent domain proceedings.