There are two distinct areas where you must meet basic eligibility requirements: eligibility for earning an AIC designation; and eligibility for Candidate membership in the Institute. Please read carefully about each below.
Basic Eligibility for Earning an AIC Designation
If you do not currently hold, nor plan on completing a university degree as defined below, you cannot be granted a designation from the Appraisal Institute of Canada. Those with foreign credentials or designation/accreditation from other international valuation-related organizations may be eligible and should check the specific details and requirements.
The education requirement for both the AAIC and CRA designation is a total of four years of post-secondary education (120 credits or equivalent), which must include a degree from a recognized or authorized post-secondary institution. A recognized post-secondary institution is defined as either:
- public or private institutions that have been given authority to grant academic diplomas and degrees by a public act of a provincial/territorial legislature; OR
- private institutions that have been given authority to grant degrees or diplomas by a private act of a provincial/territorial legislature.
The 30 credit per year system is fairly standard among Canadian universities; e.g. five two term courses at 6 credits each, 10 single term courses at 3 credits each, or a combination adding up to 30 credits. Credit definitions may vary between educational institutions, but most are easily compared to the 30 credit system.
The education requirement is generally over and above the university-level courses you must complete as part of the curriculum of our Program of Professional Studies required for designation. The Bachelor of Business in Real Estate (BBRE) programs offered at UBC and Thompson Rivers University can be inclusive of the curriculum of the AIC Program of Professional Studies.
Three Year Degrees
Individuals who hold a three year degree may only earn a designation by completing additional credits to bring their overall post-secondary education to the equivalent of 120 credits in total. For example, if you hold a three year (90 credits) degree from an Ontario university at the Bachelor's level you require a minimum of 30 additional credits through additional university studies. These additional credits may be acquired through the completion of the AIC curriculum requirements.
Applied Degrees from a Community or University College
Individuals who hold an applied degree (i.e. an undergraduate bachelor (baccalaureate degree equivalent) granted by a community or university college may be required to complete additional credits to an equivalent of 120 credits in total. These additional credits may be acquired through the completion of AIC curriculum requirements at UBC or through other education partners.
Further, if you do not currently hold a university degree, you may only be accepted into Candidate membership if you have 10 or fewer remaining requirments for the CRA or AACI, P.App designation (courses left to complete your degree AND curriculum requirements for the CRA or AACI designation)
Basic Eligibility for Candidate Membership
There are FOUR specific requirements that must be met before an individual may join as Candidate member of the Appraisal Institute of Canada. These requirements include:
For more information on Candidate membership, visit the Candidacy Requirements page.
May 14, 2013