On June 9, 2016 the Appraisal Institute of Canada (AIC) and the Appraisal Institute (AI), two of the leading valuation associations in North America, announced an agreement that mutually recognizes the excellence and quality of the AIC’s AACI and CRA designations and the Appraisal Institute’s MAI and SRA designations. The agreement acknowledges the rigorous education and designation processes, professional standards and ethics of each respective organization.
“The AIC and AI designations have, in their respective countries and internationally, long been seen as a true mark of professionalism and quality,” states Daniel Doucet, AACI, P.App, President of the AIC. “This agreement builds on that recognition and provides a platform to advance the profession across borders.”.
Through this agreement, Designated Members of either the AIC or the AI will be able to pursue the organizations’ respective designations (AACI ↔ MAI) (CRA ↔ SRA) with recognition of their professional education, knowledge and experience.
“This recognition means that clients on either side of the border may confidently engage appraisal professionals with AACI, MAI, CRA or SRA designations, and they will know that the individual holding any of the designations has satisfied rigorous requirements,” said Scott Robinson, MAI President of the AI.
“As real estate markets have become more global, recognition of international qualifications is much more important,” he added.
The announcement was made June 9, 2016 at a partnership luncheon during the 2016 AIC Conference in Winnipeg, Manitoba. The Executives of the Appraisal Institute and the Appraisal Institute of Canada were present to sign the agreement in front of more than 300 AIC members and delegates.
“We are delighted to have this opportunity to work with our AIC partner to enhance the history of professionalism in real property valuation. Both organizations have a strong legacy of providing value-added services to their clients,” said Robinson.
Need More Information?
- Email AIC at info@AICanada.ca
- For a copy of our Frequently Asked Questions, please visit this link.
- Visit the Appraisal Institute website at this link.
The Appraisal Institute is a global professional association of real estate appraisers, with nearly 20,000 professionals in almost 60 countries throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide. Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Individuals of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA, SRA, AI-GRS and AI-RRS designations. Learn more at www.appraisalinstitute.org. Stay connected with the latest news from the Appraisal Institute by following it on Facebook, Twitter, LinkedIn, YouTube and the blog, Opinions of Value.