ALAMOSA – The Colorado Chapter of the Appraisal Institute would like to announce that Monte G. Mullins, MAI, SRA, owner of MG Mullins & Company of Alamosa, has been awarded the Appraisal Institute’s prestigious MAI membership designation, which is held by appraisers who are experienced in the valuation and evaluation of agricultural, commercial, industrial, residential and other types of properties, and who advise clients on real estate investment decisions.
The designation was granted to Mullins on April 11 by the Appraisal Institute. By receiving the MAI designation, Mullins 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 examination, a written thesis-level demonstration appraisal report, and attaining thousands of 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. Currently, about 8,200 real estate appraisal professionals hold the MAI designation, being well under 10 percent of all practicing appraiser’s nation wide, and even less globally.
Mullins commenced his real estate career as a lender/appraiser for a local bank in 1986 just prior to graduating from ASU in 1987 with a bachelor of science degree in business administration.
After six years with the bank, he began appraising in private practice where he now owns and operates his appraisal services firm, MG Mullins & Company, employing three other professionals. Mullins considers his firm geographical experts of this region, and with his staff, appraises all types of real estate and businesses ranging from single family homes to multi-family complexes, large farms and ranches, and commercial properties such as retail, office, hotels, restaurants, etc.
The Appraisal Institute is a global professional association of professional real estate appraisers with nearly 21,000 professionals in almost 60 countries throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide. Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Individuals of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA, SRA, AI-GRS and AI-RRS designations.
For all their support and putting up with him through the process, Mullins would like to thank his employees Amanda Hill, Jerry Shawcroft and Michaela Estrada. He would also like to thank his wife Stacie and is kids Taelor, Clay and Faithe.
Caption: Monte G. Mullins, MAI, SRA, earned the Appraisal Institute’s MAI membership designation. Courtesy photo