FAQs

Please visit the AIC Path to Designation webpage 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.

The AIC annual membership cycle runs from October 1^st to September 30^th. The deadline to provide payment is September 30^th.

The membership dues amounts differ for each province. Some also include additional fees such as chapter, licensing etc… The annual dues range from $875-1500/yr.

Note: First-Year Candidates receive a substantial dues discount on their first year of membership; dues amounts range from $300-$600. AIC liability insurance is mandatory (either fee or non-fee category); becomes effective the day your application for candidacy is approved; and must be purchased within 30 days of joining AIC.

Note 2: There is no fee for Student Members.

AIC has a mandatory professional liability insurance program for all Members (excluding Student and Retired Members). The program’s objectives are as follows:

• to create a stable guaranteed source of insurance for Members;
• to ensure adequate coverage can be obtained under reasonable terms;
• to provide dedicated, professional insurance services to Members at a reasonable cost, directly related to the claims experience of the profession; and
• to minimize administrative “red tape.”

For 2023, the range of insurance premiums for each member type is provided in the table below. The composition of a Member’s practice will determine their risk profile and, by extension, where their individual premium falls within these ranges.

Student membership is open to all permanent residents who are either Canadian citizens or permanent resident 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.

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.

Three reasons to apply for Candidate membership in AIC:

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

That said, while every case is different, you should apply for Candidate membership when you have employment, and have a co-signer.

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.

They must also purchase insurance under the AIC Professional Liability Insurance Program.

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.

Yes, AACI Designated Members may also do residential appraisals.

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.

There are two provinces in Canada that require an appraiser to have a license:  Nova Scotia and New Brunswick. If you have questions on licensing please contact the Provincial Association responsible.

If you have less than two 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.

A University degree will be required before you write the Applied Experience exam. You don’t need a university degree to become/join AIC (be it Candidate or Student) – but you will have to have completed a university degree (Bachelors) before you will be designated.

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 academic diplomas and degrees.

Extensive information about recognized post-secondary institutions in Canada and their credit systems is provided on the Canadian Information Centre for International Credentials (CICIC) website.

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

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 website 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 to the Laval website to learn more.

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.

In the event you are unsuccessful in a course, UBC allows one re-write of the exam.

Yes the Applied Experience Program can be completed concurrently with the AIC requirements.

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, 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.

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.

No, you may only hold one AIC designation.

Fee Status relates to insurance coverage based on the Member’s type of work and employer.

A FEE Member provides professional services to any party external to the Member’s employer.

A NON-FEE Member provides services exclusively for the internal use of the Member’s employer and are kept “in-house” by the Member’s employer.  Government and crown corporation employees may also register as Non-Fee.

Members who may be working in a NON-Fee capacity for one employer and a FEE capacity for another, cannot be both FEE and NON-Fee.  If a Member does any FEE work, the Member must register as FEE.

All active Members must participate in the AIC insurance program and will be denied coverage if not properly registered.