About Price Appraisal Incorporated

Our staff of real estate appraisers at Price Appraisal Incorporated are known for prompt preparation and timely delivery of well-documented appraisals and a spectrum of specialty valuation services and other real estate related consulting services.

The Appraisal Institute develops, publishes, interprets and amends the Uniform Standards of Professional Practice (USPAP) on behalf of appraisers and the users of valuation services. At Price Appraisal Incorporated, USPAP provides the benchmark by which we prepare appraisals and we strive to comply with the standards set forth in USPAP to ensure the highest quality for our clients.

The Appraisal Institute is the largest real estate appraisal organization in the United States and it is considered the standard for professionalism in the industry. The objectives of the Appraisal Institute are the advancement of the science of appraising and the evaluation of interests in real property; the fostering of knowledge, integrity and the fair and accurate judgment of the value of real property; the professional advancement of its members; the promotion and propagation of sound, proper and ethical practices; and the promotion of adherence to USPAP and the Code of Professional Ethics of the Appraisal Institute.

The Appraisal Institute awards the title MAI (Member of the Appraisal Institute), its highest professional designation to those who have successfully undertaken the rigorous educational, practical and ethical requirements of the organization.

Michael A. Wolin, MAI, SRA, is a Member (MAI) of The Appraisal Institute. He is the Past President of the Chicago Chapter of the Appraisal Institute, and recipient of the prestigious Herman O. Walther Award presented by the Appraisal Institute. Mr. Wolin has also served on the Admissions Committee and Regional Professional Standards (Ethics) Panel. The Appraisal Institute conducts a voluntary program of continuing education for its designated members. MAI’s and SRA’s who meet the minimum standards of this program are awarded periodic educational certification. Mr. Wolin has satisfied the requirements under the continuing education program of the Appraisal Institute. Mr. Wolin’s appraisal assignments have included office, industrial, commercial, vacant lands, all types of multi-family residential properties, and special use projects. He has extensive appraisal experience for the purposes of financing, ad valorem tax appeal, mortgage loan, estate tax and leased fee analysis. Mr. Wolin has also appeared as an expert witness in Cook County Circuit Court, Cook County Board of Tax Appeals, Zoning Board of Appeals in the City of Chicago and several municipalities, Illinois Property Tax Appeal Board, and the United States Federal and Bankruptcy Courts.
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