Education Partners and Diversification (CPD)

The University of Guelph offers both a Real Estate and Housing major in its B.Comm program. The B.Comm Real Estate and Housing is one of only two undergraduate programs in Canada that specialize in the real estate sector. It takes a multi-disciplinary approach to the study of residential and commercial/investment real estate. Visit the University of Guelph program website for admission requirements and more information on the program.

The Athabasca University (AU) Faculty of Business recognizes AIC courses taken for credit with the UBC Real Estate Division towards its business degrees and meeting the requirements of the AACI designation. AU courses also meet the 36 credits of PGCV Admission General and Core Business/Commerce topics.  For more information, contact the AU Faculty of Business Student Support Centre.

Seneca College’s Real Property Administration (RPA) Diploma Program will develop the expertise to become a highly versatile and in-demand professional in the property valuation and property tax sectors.  This unique program offers a full-time, in-class delivery geared towards practical, hands-on learning in the fields of property appraisal, property assessment and property tax, including a Field Placement component in order to gain industry experience.  Under our partnership with UBC, students will receive a Certificate in Real Property Assessment in addition to the RPA Diploma and receive credits towards both the CRA and AACI designations with the Appraisal Institute of Canada.

The RPA program is a four-semester (20 months) program.  Admission requirements are Grade 12 English and Grade 12 Math.

For students that already possess a University Degree or College Diploma, the program can be completed in an accelerated stream over 2 semesters (8 months). 

Real Property Administration Program

Real Property Administration (Accelerated) Program

Langara College is a gateway to the real estate appraisal profession through its Real Property Analyst Certificate Program. Anyone with an interest in the valuation profession can begin their future in real estate at Langara College. Langara College works closely with the University of British Columbia and the Appraisal Institute of Canada to ensure that their courses and programs are aligned with educational standards across the profession. Download the Real Property Analyst Certificate Program Overview or visit the Langara College site.

Under a partnership agreement between AIC and REIC, AIC members have access to the REIC’s courses and designation programs which cover all sectors of the real estate industry such as reserve fund planning, ethics, finance, law, leadership, human resources, leasing & negotiating, mortgage underwriting, property/asset management and more.

CERTIFIED RESERVE PLANNER (CRP) DESIGNATION

ABOUT THE CRP DESIGNATION

The Certified Reserve Planner (CRP) designation is the preeminent national designation signifying a professional with the expertise to complete reserve fund studies and depreciation reports for condominiums, institutions, corporations, and government entities.

The CRP designation education programming is offered in collaboration with the University of British Columbia (UBC) Sauder School of Business. The curriculum enhances your knowledge and skills in the techniques, procedures and methodology of executing a comprehensive reserve fund study.

Earning the Certified Reserve Planner (CRP) designation with REIC positions you as a leader in conducting reserve fund studies. The CRP designation is widely recognized across Canada and is required by employers to conduct reserve fund studies. The CRP designation is specifically named as an approved credential in various condominium legislation across Canada.

When you earn the CRP designation you gain an added depth of knowledge and the ability to conduct a reserve fund study to enable organizations to prepare for the future and ensure sound financial health. Reserve fund planning is one of the most thriving designations offered. In the competitive business world of today, Certified Reserve Planners are highly pursued by appraisers, architects, engineers and property managers.

EARNING THE CRP DESIGNATION

The CRP designation education programming is offered in collaboration with UBC Sauder School of Business. Once an application is received and admission to the program is granted, candidates will receive a link to access UBC courses.

To earn the CRP designations, the following are required:

1. Education Requirements

Pre-Requisite (Offered by the University of British Columbia, Sauder School of Business)
CPD 106: Multi-Family Property Valuation (recommended) or BUSI 401 Commercial Property Analysis
CPD 151 Real Estate Finance Basics
CPD 152 Financial Analysis with Excel

Core (Offered by the University of British Columbia, Sauder School of Business)
CPD 891 Fundamentals of Reserve Fund Planning
CPD 899 Reserve Fund Planning Guided Case Study

Core (Offered by REIC)
REIC2400: Reserve Planning Standards
REIC 2600 Ethics in Business Practice
CRP Technical Competency Workshop (Building Systems Technical Conference)

2. Certification Examination
Candidates are required to pass a certification exam after completion of all education requirements.

CREDIT FOR PREVIOUS EDUCATION AND WORK EXPERIENCE

Members of the Appraisal Institute of Canada who have completed the core courses at UBC can receive credits towards the CRP designation. Members can also apply for prior learning assessment and recognition (PLAR) for the pre-requisite courses offered by UBC or another post-secondary institution.

The courses should be taken in the order specified above except for the REIC 2600 which may be taken at any time before the certification exam.

Please send an email to  for more information to see how your previous education and work experience can be credited toward earning the CRP designation.

Under a partnership with AIC and CICEA, AIC members may access the Certified Executor Advisor education program to obtain the CEA designation.

The CICEA on-line education program is divided into these seven modules:

• Module 1) Getting Started; Duties of an Executor / Executrix
• Module 2) Financial Considerations
• Module 3) Property
• Module 4) Trusts
• Module 5) The Estate and Probate
• Module 6) Challenges of Estate Administration
• Module 7) Benefits of The CEA
• For more detailed information about the curriculum, download the CEA Syllabus.
• AIC members’ preferred price is $1,295 (discounted by $200)
• 12 guaranteed continuous professional development credits will be granted to AIC members upon the successful completion of the full course.
• To register for the CEA program with your special AIC discount, go to this link.
• For more information, go to AIC’s Frequently Asked Questions.

FAQs – ASA & AIC Partnership (Machinery and Equipment)

1. What is the American Society of Appraisers (ASA)?

The American Society of Appraisers (ASA) is a multi-discipline, non-profit, international organization of professional appraisers representing all appraisal disciplines: Appraisal Review and Management, Business Valuation, Gems and Jewelry, Machinery and Technical Specialties, Personal Property and Real Property.

ASA is the acknowledged leader in machinery and technical specialties (MTS) appraising and includes members who perform market or liquidation value appraisals for various purposes such as sale, acquisition, ad valorem tax, eminent domain, collateralization, insurance or residual forecasting.

2. Why is AIC developing a partnership with ASA?

AIC and ASA are leading valuation organizations that have a very similar mandate – to provide their members with quality, world-renowned, discipline-based education programs that will help them succeed within the valuation profession.

Recently, an appraisal standard to appraise machinery and equipment was added to AIC’s CUSPAP. To ensure that AIC members receive the best education regarding machinery and equipment valuation, AIC partnered with ASA to give members the opportunity to access to ASA’s established and renowned Machinery and Equipment Valuation Program at the same discounted price as ASA members.

This partnership will help AIC Members to develop competencies in machinery and equipment valuation that will diversify their experience and practice, expand their network within the Machinery and Equipment specialties and continue to be Canada’s professional appraisers of choice.

With this partnership, AIC members will also receive guaranteed Continuing Education Courses (CPD) credits if they successfully complete ASA courses.

3. What do AIC Members need to do to become competent and qualified in the valuation of machinery and equipment?

AIC members may choose to complete the ASA’s Machinery and Equipment Valuation Program as one way to achieve the competency necessary to do this work. They may also take other educational offerings and / or pursue additional machinery and equipment work experience with another AIC Designated Member that has competency in this area.

AIC members must adhere to the competency provisions of CUSPAP (and also adhere to the Machinery and Equipment Appraisal Standard.

VIEW THE AIC QUICK GUIDE TO ASA’S MTS ACCREDITATION PROGRAM

4. What courses are in the Machinery and Equipment Valuation Program?

ASA’s Machinery and Equipment Valuation Program offers four (4) specific courses[1] including:

ME201-000 – Introduction to Machinery and Equipment Valuation & Cost Approach to Value

This course will introduce appraisal terminology and concepts and provide students with a solid foundation for a career in appraisal of machinery and equipment. This course covers MTS Appraisal Process and Theory; Appraisal Terminology and Definitions; Introduction of The Three Approaches to Valuation; Ethics, Valuation Standards, and Performing Appraisals; Scope of Work, Purpose and Use; Levels of Trade/Standards of Value; Performing a Field Inspection and Asset Classification; Development of Useful Life Estimates; Direct Cost Estimating Methods; Depreciation Identification and Methodologies (Physical Depreciation, Functional Obsolescence, Economic Obsolescence; Effective and Weighted Age Calculations; and Inutility and Excess Operating Costs.

ME202-000 – Sales Comparison Approach and Basic Appraisal Methods

This course explores the sales comparison approach, including theory and real-life application. The material includes fundamental ASA concepts along with new modules, perspectives, and examples. Students will be given basic appraisal tools, including techniques for adjusting comps and depreciating installation costs. The course also includes an introduction to appraisal modeling for large groups of similar assets. Students will learn to appreciate the subjectivity of appraisal and focus on producing credible results for any assignment. Excel is recommended for students, but not required.

ME203-000 – Income Approach and Advanced Topics

This course examines the income approach and advanced cost approach applications to value tangible assets.  The course studies financial reporting and depreciation methods as the foundation for developing cash flow projections. The concept of a weighted average cost of capital is presented for converting future cash flows to present value as part of the performance of a discounted cash analysis for estimating asset value. Advanced cost approach applications along with the identification of functional and economic obsolescence and their causes will also be presented.  Finally, the course concludes with a comprehensive case study problem. Familiarity with the use of financial functions in Excel and/or the use of a financial calculator is required.

ME204-OOO – Machinery and Equipment Valuation –  Report Writing

This is a hands-on report writing class designed to assist you in preparing an appraisal report that is in compliance with USPAP/IVS and the MTS Board of Examiners review checklist. By the end of the class each student will have the practical knowledge to tell their appraisal story and a report template that can be used to develop their report for submission for designation. We will discuss topics learned in ME201-203 as well as USPAP, IVS, and ethics.

5. Are AIC members covered by its Professional Liability Insurance Program is claims arise from a machinery and equipment appraisal?

If members have acquired the necessary competence and have followed the CUSPAP Machinery and Equipment Appraisal Standards their work will be covered under the AIC’s professional liability insurance program.

6. What are the direct benefits to AIC members?

• AIC Members will have an opportunity to expand their scope of practice within a field that has a significant amount of demand.
• AIC Members will receive guaranteed CPD credits for successfully completed ASA courses.
• AIC Members will receive the ASA’s “Member” price for all the Machinery and Technical Specialties Courses noted above.
• There is an opportunity to collaborate on initiatives that are of mutual interest to AIC members and ASA members.
• AIC members and ASA members will receive pertinent information about each
• AIC and ASA will promote each other’s organizations, members and their respective roles in Canada’s real estate industry.
• AIC and ASA will work together to build a strong relationship in order to promote and enhance the development of the machinery and equipment valuation and related professions as well as to advocate on issues that affect both organizations.

7. Will AIC members automatically become a member of ASA and obtain their AE and ASA designation?

No, AIC members who complete the ASA’s Machinery and Equipment Valuation Program do not become ASA designated members. There are additional requirements and fees associated with becoming an ASA member and earning the AM (Accredited Member) or Accredited Senior Member (ASA) designation.

The education partnership between AIC and ASA is primarily for the purpose of providing quality machinery and equipment education at a reasonable cost for AIC members.

For more information on achieving these designations, please visit www.appraisers.org.

8. How are the courses delivered?

Currently, ASA courses are delivered in live, virtual classrooms. AIC is working with ASA to bring classroom sessions to AIC Members within Canada.

For a listing of upcoming ASA MTS Classes, please visit ASA’s website.

9. What is the cost of an ASA course?

For one three-day ASA course within the Machinery and Equipment Valuation Program, the cost is $1,995 USD. With the ASA and AIC partnership agreement, this rate is discounted to the member rate of $1, 375 USD. To receive the member rate, please enter code ASAME$AIC during ASA’s online check out process.

• How do I record the credits I receive from an ASA course?

As with other successfully completed CPD courses, AIC Members can go to their Member Profile page, click on the Continuous Professional Development link in “My Status” and follow the links to insert their credits.

• How many AIC CPD credits will I earn for each ASA course?

A maximum of 12 CPD credits will be granted for each course.

• Who do I contact for more information?

Please contact AIC at if you have any questions regarding registration or recording of ASA course credits.

[1] The source of this information is from the ASA website, the www.appraisers.org .

Real Estate Forum Events can be found by clicking here.

In November 2021,  (AIC) and the Ordre des évaluateurs agréés du Québec (OEAQ) signed a Memorandum of Understanding (MOU) to support the work of its respective members and industry in a public protection perspective. This MOU will allow AACI-designated members of the AIC and certified Évaluateurs Agréés (É.A.) members of OEAQ to obtain dual designation through an expedited process and will provide AIC members with another way to further diversify their practice.

This MOU addresses only the education component of both designations and not the professional insurance component. Once a member has met all requirements and holds the É. A. and AACI designations, the member must pay the membership fees for both organizations and participate in both insurance programs. In accordance with CUSPAP, dual designated members will be held to the higher of the two organizations’ standards.

If you wish to obtain the É. A. designation, you may do so by following a few steps. Please contact the OEAQ directly at

The full MOU can be read HERE. For any questions, contact

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CPD Eligible Courses: Continuing Education Archives | Carson Dunlop Store

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.

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.

For more information, please read these AI-AIC Frequently Asked Questions. 

For information regarding reciprocal designations, read the Designation to Designation Map.

The Appraisal Institute of Canada (AIC) and The European Group of Valuers’ Associations (TEGoVA) are pleased to announce the signing of a historic agreement which mutually recognizes the professional valuation standards and qualifications of each organization.

The June 9, 2016 agreement signed in Winnipeg, Manitoba, signifies that European clients can confidently engage AIC-designated appraisers – Accredited Appraiser Canadian Institute (AACI™) and the Canadian Residential Appraiser (CRA™) – to complete valuation assignments of the same quality as those of holders of TEGoVA titles – Recognised European Valuer (REV) and TEGoVA Residential Valuer (TRV). Similarly, Canadian clients can engage a valuation professional with an REV or TRV designation, knowing that a comprehensive approach and analysis will be delivered on an appraisal assignment required in Europe.

For more information, read the AIC-TEGoVA Frequently Asked Questions.