The Appraisal Institute is a professional organization for real estate appraisers in the United States and internationally. Founded in 1932, it aims to advance the profession through education, advocacy, and professional development. The institute offers various designations, such as the MAI and SRA, which signify expertise in real estate valuation. In addition to providing educational resources, the Appraisal Institute publishes research and guidelines to promote best practices in the appraisal industry. It also engages in advocacy efforts to influence legislation and regulations affecting appraisers, ensuring that the profession remains relevant and respected in the real estate market.