This is a written examination that assesses the candidates’ understanding of the First Principles of Value as they relate to experiential knowledge. Experiential knowledge refers to the wisdom gained from experience and insight in applying academic knowledge to actual or simulated situations.

The examination consists of:

• one case study question (worth 40% of the marks), selected by the candidate from at least four options provided. 
• three short answer questions (with 60% of the marks) based on work experience, again selected from a set of at least seven options.

Please note: Academic knowledge is a necessary prerequisite to experiential knowledge. Candidates must:

• provide proof of successful completion of the curriculum for the Program of Professional Studies for the designation of their choice, including the Guided Case Study.
• hold credit for the Appraisal Institute of Canada’s Professional Practice Seminar (formerly the Standards Seminar) and
• have completed any other designation requirements established by the Institute’s Board of Directors.

ABOUT THE WRITTEN CRA AND AACI APPLIED EXPERIENCE EXAMINATION
Examination Design and Administration
The examination questions were developed by the Appraisal Institute of Canada (AIC) in consultation with AIC’s education partner, the Real Estate Division (RED) of the Sauder School of Business at the University of British Columbia, the AIC’s agent for delivery of the AE Examination. The examination content and marking guidelines are determined by AIC . The administration of the examination is the responsibility of the RED.

Pass Mark
The passing grade for the AE examination is set at 70 percent. Candidates meeting this standard will be able to move on to the Professional Competency Interview, the final step leading to either AIC designation . Those candidates who do not achieve a passing grade must rewrite the AE Examination again at a future date. A fee of $195.00 will be charged per attempt. A candidate who fails to pass the examination after three attempts may be required to complete additional education and/or experience before being permitted to sit the examination again.

Time Limit
Candidates have three hours to complete the exam.

Locations
The Examination is offered in accordance with the Real Estate Division examination schedule, and will be available at examination centres across the country. Click here for a list of dates and locations.

Registration
Candidates who have completed all curriculum and designation requirements should register online with the Real Estate Division 30 days prior to the scheduled exam date. The examination fee is $195.00. Written confirmation from the applicable AIC provincial or affiliated organization that the candidate has met all curriculum and designation requirement must also be forwarded to the Real Estate Division at least 30 days prior to the scheduled examination. Examination registrations will not be processed until confirmation of eligibility has been received by the Real Estate Division. To register for the examination click here.

Rules and Regulations for Examinations
Like all academic institutions, the Real Estate Division sets regulations in place to ensure a secure and peaceful environment for students writing examinations and to assure the integrity of the entire process is maintained. The regulations also include policy on rewriting or deferring of exams and penalties for failure to comply with exam regulations. Click here for the regulations for the AIC Applied Experience Examination.

Candidates with Disabilities
Any student who identifies a disability that requires a modified examination setting will be referred directly to the UBC Disability Resource Centre (DRC). They are the experts in this area and are able to both assess and accommodate students with disabilities. Students in this situation should contact the Real Estate Division Examinations department for a referral.

Grading
The applied experience examinations will be graded by trained markers who are designated members of the Appraisal Institute of Canada.

Examination Results
You can expect to receive your results by mail in 4-6 weeks. Successful candidates will receive a notification of a passing grade. Unsuccessful candidates will receive notification of the grade achieved, plus marking comments to assist with rewriting the examination. Once you have successfully completed the written examination, you will be ready to register for the Professional Competency Interview.

How to Prepare
For information on how to prepare for the written examination please visit the Tips for Writing the Examination page. Sample examination questions are also available for the AACI and CRA exams.

Last updated October 11, 2008