Overview
The National Association of Independent Fee Appraisers (NAIFA) is a professional organization dedicated to real estate appraisers. It provides a platform for professional development and certification through three major designations: IFA (Member), IFAS (Senior Member), and IFAC (Appraiser-Counselor). NAIFA aims to uphold the standards of the real estate appraisal profession and support its members in achieving excellence.
Key Designations
- IFA (Member): Entry-level designation for appraisers who demonstrate a basic level of competence.
- IFAS (Senior Member): Senior-level designation for experienced appraisers who meet higher professional and ethical standards.
- IFAC (Appraiser-Counselor): An advanced-level designation for appraisers who provide consulting services in addition to standard valuation services.
Contact Information
Address:
National Association of Independent Fee Appraisers
330 N. Wabash Avenue, Suite 2000
Chicago, IL 60611
Phone: 312-321-6830
Fax: 312-673-6652
Website: www.naifa.com
Examples
Example 1: Achieving IFA Designation
John, an entry-level appraiser, has just begun his career and decided to join NAIFA for professional growth. After meeting the educational and experience requirements, he successfully obtained the IFA designation, reflecting his foundational competence in the appraisal field.
Example 2: Senior-Level Certification
Jane has been working as a real estate appraiser for over a decade. Seeking further credibility and recognition, she applied for the IFAS designation. After a thorough evaluation of her experience, education, and ethical standards, she was awarded the senior member status.
Example 3: Providing Advanced Appraisal Services
Tom, a long-time member of NAIFA, offers expert consulting services in addition to his routine appraisal work. To align his credentials with his broad expertise, he obtained the IFAC (Appraiser-Counselor) designation, endorsing his advanced professional capability.
Frequently Asked Questions (FAQs)
What is the NAIFA?
The National Association of Independent Fee Appraisers (NAIFA) is a professional organization for real estate appraisers that provides certifications, educational resources, and networking opportunities.
What designations does NAIFA offer?
NAIFA offers three primary designations: IFA (Member), IFAS (Senior Member), and IFAC (Appraiser-Counselor).
How do I become an NAIFA member?
To become a member, you must meet the educational and experience requirements set by NAIFA and apply for one of their professional designations.
What are the benefits of NAIFA membership?
Benefits include professional recognition, access to continuous education, networking opportunities with other appraisers, and support for maintaining high ethical and professional standards.
Where can I find more information about upcoming NAIFA events and seminars?
Detailed information about events and seminars is available on the NAIFA website.
Related Terms
- Real Estate Appraiser: A professional who assesses property values for purposes such as sales, estate valuation, and taxation.
- Appraisal: The act of determining the market value of property.
- Valuation: The process of estimating the market value of an asset.
- Certification: The process of validating an individual’s qualifications and competence in a professional field.
Online Resources
References
- National Association of Independent Fee Appraisers. (n.d.). Retrieved from www.naifa.com
- The Appraisal Foundation. (n.d.). Retrieved from www.appraisalfoundation.org
- Appraisal Institute. (n.d.). Retrieved from www.appraisalinstitute.org
Suggested Books for Further Studies
- “Real Estate Appraisal Principles and Procedures” by Walt Rauch.
- “The Appraisal of Real Estate” by Appraisal Institute.
- “Foundations of Real Estate Appraisal” by Jerome J. Dasso.
