Larry E. Dobbs, MAI
 

 
Qualifications

MAI vs. General Requirements
Compare the requirements for MAI membership of the Appraisal Institute to the State General Certification and see why you will get more experience and dependability with Larry E. Dobbs, Inc.

  Appraisal Institute
(MAI)
Texas Certified
(General)
Required Hours of Education 280 180
Required Hours of acceptable real estate appraisal related courses (8 courses) 280 45
Number of courses required of acceptable real estate appraisal related courses 8 courses
(35 hour ea.)
4-5 courses
(6-8 hours ea.)
Continuing Education 100 hours required
each 5 year period
after designation
(Includes Uniform
Standards of
Professional Appraisal
Practice course)
28 hours every
2 years
(Basic ACE
Courses)
Required hours appraisal work experience 3,000 specialized
commercial (most
difficult property type)
plus 2,000 hours of
General State
Certified hours
2,000 hours of real
estate appraisal
experience over a
minimum of 2.5
years (1,500 hours
must be
non-residential
Average years it takes to achieve a designation, certification or license 5-7 Years 3 Years
Required work experience Residential, General
Commercial,
Specialized
Commercial
Residential and
non-residential real
estate appraising
Final level or last year of work experience review by the Appraisal Institute appointed review board Required before
receiving MAI
(must pass)
None
General Comprehensive Examination (must pass prior to the final level of experience review) 8 hours
(2 four hour parts)
(ASI) 4 hour test
Average time it takes to complete the exam or test 7-8 hours 1 to 4 hours
Percent exam or test pass rate 15-20% first time
(three tries allowed)
90-95%
(unlimited tries)
Education level 4 year college degree High School Diploma
Annual Dues $940 per year $250 every 2 years
Demonstration report or an income producing property that must include two types of depreciation in the property Required None
Note: For complete information on requirements, please refer to Regulation No. 1 and the MAI Procedure Manual.

Office Buildings, Retail Centers, Hotels, Motels, Restaurants, Apartments

Farms, Ranches, Day Care Centers, Nursing Homes Manufacturing, Warehouse, Mini Warehouse, Showroom, Tech Residential, Homes, Equity Loans, Mortgage, Divorce, Relocation, Estate Condominium, Insurance, Duplex, Subdivision, Manufactured Home Golf Courses, Marinas, Churches, Recreational Facilities, Estate Settlement Church, Nursing Homes, Desk Review, Appraisal for Sale of Purchase

Professional Real Estate Appraisals and Consulting
Serving the Central North Texas Area

Larry E. Dobbs, MAI Rockwall, Texas