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1. How do I join the Appraisal Institute of Canada?
2. What is the difference between Student and Candidate membership?
3. What is the main difference between the AACI designation and the CRA designation?
4. Why should I become a Candidate Member when I begin taking courses?
5. Can I work as an appraiser before I’m designated as a CRA Member or AACI Member?
6. Would I have to start with my CRA then proceed to the AACI?
7. Once I received my AACI designation, will I be qualified to also appraise residential properties?
8. How long does it take to complete the program?
9. Do I need a license to work as an appraiser in Canada?
10. Do I require a degree to become a member of AIC?
11. What is an accredited post secondary institution?
12. Would any of my work experience exempt me from any of the necessary courses?
13. Where do I complete the education requirements for the AIC designations?
14. I am working on my degree at a local university; can I get a head start on completing AIC course requirements as well as getting credit towards my degree?
15. What if I fail a course while I am a Candidate Member?
16. Can I do the Applied Experience program while I am doing my AIC courses?
17. What resources are available to assist me to plan my career in the appraisal profession?
18. How do I find a mentor?
19. Do I need a mentor or do I need to be affiliated with a real estate office before I begin the CRA or AACI training?
20. Are the AIC designations recognized outside Canada?
21. After I have completed the Post Graduate Certificate in Real Property Valuation (PGCV) or AACI program, would I also obtain the CRA designation?

1. How do I join the Appraisal Institute of Canada?

Please contact AIC’s knowledgeable staff at 1.888.551.5521 for information on becoming an AIC-designated real estate appraiser. When you are ready to join as a Candidate Member or Student Member please contact your Provincial Association  to have your education reviewed and to obtain all the necessary application forms.


2. What is the difference between Student and Candidate membership?

  • Student membership is open to all permanent residents who are either Canadian citizens or landed immigrants and are currently enrolled in a post-secondary program. Applicants may have a variety of educational backgrounds. Some students may already be working in the real property industry sector, and interested in becoming designated professionals. Typically, working Student Members are engaged in activities related to the valuation profession as employees of appraisal firms, lending institutions, real estate brokerages or agencies, in the public sector, or other organizations whose work interrelates with the appraisal profession. Student Members may perform a variety of technical support functions in the area of real property valuation as employees. They can do technical work related to the preparation of the professional products of AIC Members, including research and data gathering under the supervision of a Designated Member of the Institute and as prescribed by the Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP). Student Members may not inspect properties unsupervised.
  • Candidate Members of the Institute are those who have at least two years of post-secondary education from a college, CÉGEP or university and have completed the admission requirements of AIC. Candidate Members are professionals in the making, working under the supervision of Canada’s premier real estate valuation professionals. They are typically close to completion of the Appraisal Institute of Canada Program of Study, a unique university graduate level program that is recognized for its high quality and demanding requirements. Candidate Members participate in the Professional Liability Insurance Program of the Institute and can sign appraisal reports, provided the reports are co-signed by a Designated Member of the Institute.

3. What is the main difference between the AACI designation and the CRA designation?   Designated Members of AIC hold either an AACI designation or CRA designation. AACI designations permit the member to perform both commercial and residential appraisals. CRA designations indicate that the member specializes in residential properties.


4. Why should I become a Candidate Member when I begin taking courses?  Three reasons to apply for Candidate membership in AIC:

  • You can obtain coverage through the AIC professional liability insurance program
  • You will be eligible to complete reports co-signed by a Designated Member
  • You may enroll in the Applied Experience Program. This will shorten the time required to obtain your designation.

5. Can I work as an appraiser before I’m designated as a CRA Member or AACI Member?  Candidate Members may work as appraisers as long as their work is co-signed by a Designated Member and they are registered in the AIC’s Candidate Co-signing Registry. Refer to our Professional Standards.


6. Would I have to start with my CRA then proceed to the AACI?  No you can proceed directly to the AACI designation; if you wish you may do the CRA first and then proceed to the AACI designation – it’s a personal choice.


7. Once I received my AACI designation, will I be qualified to also appraise residential properties?  Yes, AACI Designated Members may also do residential appraisals.


8. How long does it take to complete the program?  This depends on the type of degree you have, which program you are pursuing, or if you receive any exemptions from courses.

  • PGCV Program — at least 2.5 years
  • AACI Program — average 4 – 6 years
  • CRA Program — average 2 – 3 years.

9. Do I need a license to work as an appraiser in Canada?  There are three provinces in Canada that require an appraiser to have a license: Alberta, Nova Scotia, and New Brunswick. If you have questions on licensing please contact the Provincial Association responsible.


10. Do I require a degree to become a member of AIC? 

You can become a member of AIC:

  • If you have less than 2 years of accredited post secondary education you can join as a Student Member.
  • If you have completed two years of accredited post secondary education (from an accredited college, CÉGEP or university), you can become a Candidate Member

You do require a degree to become a Designated Member with a CRA or AACI designation.

There are several Universities that offer degree programs that allow you to complete your AIC curriculum requirements along with an undergraduate degree such as UBC, TRU and Athabasca University.

 


 11. What is an accredited post secondary institution?

  • A recognized post-secondary institution is a public or private institution that has been given, by a public act of the provincial/territorial legislature, the authority to grant academic diplomas and degrees.
  • An authorized post-secondary institution is a private institution that has been given, by a private act of the provincial/territorial legislature, the authority to grant degrees or diplomas. Extensive information about recognized post-secondary institutions in Canada and their credit systems is provided on the Canadian Information Centre for International Credentials (CICIC) web site.

12.  Would any of my work experience exempt me from any of the necessary courses? 

AIC recognizes credits and/or degrees that contain a Prior Learning Assessment Recognition program (PLAR) component.

 


13. Where do I complete the education requirements for the AIC designations?  AIC’s primary education partner is the Real Estate Division (RED) of the Sauder School of Business, University of British Columbia. RED delivers the entire Program of Professional Studies leading to designation in an innovative distance learning model. This ensures consistency of delivery for AIC students no matter where they live in Canada or abroad. The RED has established partnerships with other organizations for both classroom and distance delivery, and also recognizes certain courses offered in universities and colleges as equivalent to certain of the AIC curriculum requirements. For complete information on the AIC program at UBC and other education partnerships visit the Sauder School of Business web site at the University of British Columbia. The Institute has a degree requirement for both its designations.

Through AIC’s partnership with Université  Laval the Program of Study is also available in French across the country and around the globe  through distance learning technology.  Visit this link on the Laval website to learn more.


14. I am working on my degree at a local university; can I get a head start on completing AIC course requirements as well as getting credit towards my degree?  Possibly; many universities will grant a certain number of transfer credits from other educational institutions. Similarly, UBC may grant credit for courses you have completed as part of your current program, in law, economics or mathematics. You should consult with academic advisors at your home university with regard to their acceptance of UBC courses for credit toward your degree. Admissions staff at the Real Estate Division, Sauder School of Business can advise you on what course credits they would accept as equivalent to AIC’s requirements.


15. What if I fail a course while I am a Candidate Member?  In the event you are unsuccessful in a course, UBC allows one re-write of the exam.


16. Can I do the Applied Experience program while I am doing my AIC courses?  Yes the Applied Experience program can be completed concurrently with the AIC requirements.


17. What resources are available to assist me to plan my career in the appraisal profession?  Upon joining the Appraisal Institute of Canada, you receive a subscription to Canadian Property Valuation magazine, an informative journal featuring articles on professional issues and trends, member profiles and news about AIC initiatives The AIC members-only website has a wealth of information and resources and opportunities to connect with other members. Once you are ready to complete the applied experience requirements for the designation of your choice, you will need to identify a mentor to guide you through this program.


18. How do I find a mentor?  AIC publishes a listing all AACI, P. App and CRA members by city and province in the Find an Appraiser section of the AIC website. You can use this directory to contact members in your area to discuss local career opportunities and the potential for establishing a mentoring relationship. Once you become a member of AIC, you will want to attend local chapter events to take advantage of informal networking opportunities and build relationships with future colleagues. Real estate industry conferences are also a great place to connect with professionals in your chosen field.


19. Do I need a mentor or do I need to be affiliated with a real estate office before I begin the CRA or AACI training? No, you may take courses from the AIC program of studies as a Student Member of AIC.


20. Are the AIC designations recognized outside Canada?  With the globalization of real estate portfolios and international reporting requirements AIC members have increased their areas of practice beyond Canada. As a result of this industry exposure and because of our high standards the Appraisal Institute of Canada brand has become internationally recognized for professionalism, integrity and quality.


21.After I have completed the Post Graduate Certificate in Real Property Valuation (PGCV) or AACI program, would I also obtain the CRA designation?  No, you may only hold one AIC designation.


 

 

 

 

 

 

 

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