Andy Keelon, MAI in, Huntsville, Ala., has been awarded the
Appraisal Institute’s most prestigious membership designation, MAI designation,
as reported by The Franklin County Times. This award is held by appraisers who
are experienced in the valuation of commercial, industrial, residential and
other types of properties and who advise clients on complex commercial real
estate investment decisions.
Keelon, of Keelon Valuation and Consulting, Inc., provides
services to banks in the area. He received the designation recently and was
honored during a local chapter meeting of the Appraisal Institute.
By receiving the MAI designation, Keelon has joined an elite
group of appraisers who have met rigorous professional requirements relating to
education, testing, experience and demonstration of knowledge, understanding
and ability. The MAI designation is received upon the successful completion of
a graduate-level curriculum, which includes a four-day comprehensive exam, a
200-page written demonstration appraisal report and attaining 4,500 hours of
qualifying experience requirements. Also, designees must abide by both the
appraisal profession’s Uniform Standards of Professional Appraisal Practice and
the Appraisal Institute’s Standards of Professional Practice and Code of
Ethics.
MAIs are recognized experts in valuing properties of all
types and form a business network encompassing markets nationwide and around
the world. Currently, less than 10 percent of the practicing
commercial real estate appraisers in the United States retain the MAI
designation. The MAI designation has been recognized as a sign of excellence by
the courts, governmental agencies, lending institutions and market investors
for many years. The MAI designation demonstrates a high degree of proficiency,
appraisal knowledge and expertise.