Complementing the knowledge acquired through formal studies is the completion of a Guided Case Study, and participation in the Applied Experience Program. AEP ensures that all newly designated members have obtained relevant experience in the application of the First Principles of Value in a professional setting, and have developed the professional skills expected by the clients of AIC members. This program provides a framework for candidates to explore and apply the principles of value in real life work situations, guided by a mentor, while at the same time gaining necessary qualifying practical experience.
Members of the Appraisal Institute of Canada (AIC) applying for designated status must complete the requirements of the Applied Experience Program (AEP), including a written exam and a professional competency interview (PCI). The written exam is based on the First Principles of Value and the PCI is based on the professional competencies.
Steps to the AEP
1. Formal enrolment in the AEP through the Applied Experience Enrolment Agreement filed with the member’s provincial affiliated association office. To be eligible the member must:
- be a Candidate or CRA member of AIC in good standing, who has secured the agreement of a qualified mentor to guide them over the course of the program; and
- have successfully completed the AIC Professional Practice Seminar within the five (5) year period immediately preceding enrolment in the AEP.
2. Completion of a minimum of one year of mentored experience within the last two-year period preceding the application for sitting the CRA designation AEP written exam for the CRA designation or a minimum of two years within the last four-year period preceding the application for sitting the AACI designation AEP written exam for the AACI designation.
3. At the end of their mentored experience the candidate and his/her mentor are required to submit to the member’s provincial affiliated association office, the certification of readiness report, professional resume and the completed AEP Progress Report (mandatory for those enrolled after June 14, 2011 and optional for those enrolled prior to June 14, 2011) duly signed. The candidate will also be required to provide supporting documents confirming that they have successfully completed the AIC program of study and curriculum requirements to be eligible for the AEP examinations (written exam and Professional Competency Interview).
May 25, 2012