Candidates are advanced students of the AIC program who are actively pursuing one of the Institute’s professional designations.
As full members of the Institute, Candidates are accorded certain privileges including the right to prepare and take limited responsibility for appraisal reports under the supervision of a designated member.
Candidates are non-designated members and should not hold themselves out as appraisers or do anything that conveys implies they are qualified to render services covered under the Appraisal Institute of Canada's Standards of Professional Practice on their own.
Candidates must be insured for errors and omissions in accordance with the Institute’s bylaws, and if they are signing appraisal reports or similar documents they must be registered with a designated member in good standing of AIC who acts as co-signer for said reports. Failure to do so is a breach of the standards of professional practice and invalidates the insurance coverage on the reports.
Candidates must be mentored either by the co-signer or another designated member in accordance with the Institute’s mentoring policies.
Candidates must participate in the Applied Experience Program, successfully complete a minimum of one university credit course per year, and complete all the requirements for designation with the Institute within a ten-year period failing which they will forfeit their Candidate status.
Candidates must identify themselves as such only by stating that they are Candidate members of the Appraisal Institute of Canada. (e.g. John Smith, Candidate, Appraisal Institute of Canada)
Candidates may not use CAN, CAND or any other similar abbreviations, acronyms, or lettering after their names that would/could be interpreted as a professional designation of the Institute.
When asked, Candidates must declare their non-designated status and the requirement that they work only under the supervision of a designated member of the Institute.
Candidates may only solicit business after they have established a working relationship with a designated member and co-signer, and have been registered by the co-signer. Candidates must inform prospective clients of this relationship when undertaking work.
Designated members must not sign the reports of Candidates unless they have previously established a working relationship with the Candidates and have registered them in the AIC Candidate Registry.
Last updated May 5, 2010