D. Hoffman awarded MAI Designation
LAKE PLACID – Mr. Daniel K. Deighan, MAI, of Keene has announced that his colleague, Donald Hoffmann of Lake Placid, has been awarded the Appraisal Institute’s prestigious MAI Designation, which is held by appraisers 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.
He has been providing residential and commercial appraisal and consulting services in Clinton, Essex and Franklin counties for many years and had already been awarded the Appraisal Institutes SRA Designation.
The MAI Designation was granted Jan. 15.
Hoffmann was honored that Mr. James Murrett, MAI, SRA, one of the Upstate Chapter Members and the current president of the Appraisal Institute, was the signing official. By receiving the MAI designation, Hoffmann 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 comprehensive exam, a 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 (USPAP) and the Appraisal Institute’s Standards of Professional Practice and Code of Ethics. MAIs are recognized experts in appraising properties of all kinds and form a business network encompassing markets nationwide and around the world.