Path To Designation – Accelerated Candidate Member
If you have completed a business or commerce degree from a Canadian university, you can pursue your AACI designation in conjunction with the University of British Columbia (UBC)’s Post-Graduate Certificate in Real Property Valuation program (PGCV). This accelerated program consists of 6 courses (5 mandatory – including BUSI 330 – and 1 elective) and a guided case study.
What steps do I follow?
Industry Education
AIC 101 – Introduction to the Appraisal Profession
BUSI 330 – Foundations of Real Estate or equivalent
Professional Practice
Complete the AIC 102: Introduction to Professional Practice Seminar.
The AIC Introduction to Professional Practice Seminar is a step in Student Membership, and must be completed prior to being accepted as a Candidate.
Apply for Membership
Complete a Candidate or Student Member Application Form, and submit it to your provincial office.
How to earn an AIC Designation as a Candidate Member
You need 2 components to complete all Candidate Member requirements: Courses and Applied Experience.
The courses are all online through the University of British Columbia, so you can take them from anywhere in the world.
Core Courses
The following courses are required in the PGCV program:
BUSI 331 Real Estate Investment Analysis and Advanced Income Appraisal
BUSI 401 Commercial Property Analysis
BUSI 442 Case Studies in Appraisal I
BUSI 452 Case Studies in Appraisal II
Guided Case Study: BUSI 497 – Agricultural Guided Case Study OR BUSI 499 – Income Property Guided Case Study
Elective Courses
In addition to the 5 core courses, 1 of the following elective courses is required:
BUSI 300 Foundations of Real Estate Economics
BUSI 344 Statistical and Computer Applications in Valuation (as of January 2007)
BUSI 443 Foundations of Real Property Assessment and Mass Appraisal
BUSI 460 Critical Analysis and Forecasting
The Applied Experience Program (AEP) provides practical experience within the valuation industry, and ensures that all Candidate Members obtain relevant experience in the application of the First Principles of Value in a professional setting and develop the professional competencies of AIC Members that are expected by clients.
The AEP includes of a series of self-paced webinars which candidates are required to complete prior to taking the AEP Exam in addition to minimum work experience hours and the opportunity to specialize work experience.
The minimum experience requirement is counted from the day of acceptance into the AEP. Candidates will be notified by the provincial affiliated office of the date of acceptance.
Candidates must attain no less than two years of applied experience prior to writing the AACI Applied Experience Exam.
Final Step
The Applied Experience Written Exam (administered by University of British Columbia)
The Applied Experience Written Exam assesses a Candidate Member’s understanding of the First Principles of Value as they relate to experiential knowledge. Experiential knowledge refers to the wisdom gained from experience and insight in applying academic knowledge to actual or simulated situations.
Candidates must complete a university degree before sitting the Applied Experience written exam.
Membership Maintenance
There are a few important Candidate Member policies you should be aware of. All Candidate Members must adhere to these policies:
An AIC designation must be completed within 10 years of becoming a Candidate Member. National and Provincial membership dues are collected each September.
A Candidate must complete 24 continuing professional development credits every two-year cycle including a One-Day Professional Practice Seminar (5 credits) and discretionary credits.
Completing a Course Per Year (CPY), keeps Candidates on track to their designation and degree. Candidates are expected to advance their formal education, completing one university credit course (12 CPD credits) each cycle.
During the first 12 months of Candidate Membership, Candidates are expected to complete BUSI 400 or BUSI 401.
This new program is designed to advance the Canadian real property appraisal profession and protect the public interest by supporting members and providing education, with a focus on quality of work and compliance with CUSPAP for all Members.
For Fee Members only.
Any appraisal reports signed by a Candidate Member must be co-signed by an AIC-Designated Member who is responsible for adding the Candidate Member to the AIC’s Co-Signing Registry.
A Candidate Member must be enrolled in AIC’s Professional Liability Insurance Program. Annual renewal occurs each January.
More questions?
Read our Path to Designation Frequently Asked Questions.
