Davenport – Heather J. Wren, partner in Wren Appraisal, L.C., Davenport, has been awarded the SRA designation for appraisers involved in the valuation and analysis of residential real estate by the Appraisal Institute. The designation was granted May 25, 2007, and the new member will be†honored during†a future†Appraisal Institute meeting. SRA appraisers have an advanced level of expertise and experience in the valuation of single-family homes, townhouses and residential income properties of up to and including four units.

The SRA designation is earned upon the successful completion of a graduate-level curriculum, which includes a written demonstration appraisal report or alternative and attaining 3,000 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.

SRAs are recognized experts in appraising residential properties of all kinds and form a business network encompassing markets nationwide and in Canada. Currently, about 4,200 real estate appraisal professionals hold the SRA designation, with another 3,100 practitioners seeking it. The average appraiser takes five to seven years to complete the educational and experience requirements.

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