REAL VALUE EXPERTS | EXPERTS EN \u00c9VALUATION<\/p>\n
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Canadian Property<\/p>\n
VALUATION \u00c9VALUATION
\n Immobili\u00e8re au Canada<\/p>\n
VOLUME 54 | BOOK 4 | 2010THE OFFICIAL PUBLICATION OF THE APPRAISAL INSTITUTE OF CANADA<\/p>\n
Opportunities beyond appraisals
\nStaying at the top of your profession<\/p>\n
Confidential data
\nVisions of our future<\/p>\n
Benefits of a professional designation<\/p>\n
ACI is a division of Verisk Analytics (NASDAQ: VRSK), a leading provider of risk assessment solutions to professionals in insurance, healthcare, mortgage
\nlending, government, risk management, and human resources. Verisk Analytics includes the holdings of Insurance Services Offi ce, Inc. (ISO) and its
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\n \u25aa Premier Plus Service (One Year)<\/p>\n
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The Appraiser\u2019s Choice\u2122
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ACI is a division of Verisk Analytics (NASDAQ: VRSK), a leading provider of risk assessment solutions to professionals in insurance, healthcare, mortgage
\nlending, government, risk management, and human resources. Verisk Analytics includes the holdings of Insurance Services Offi ce, Inc. (ISO) and its
\nsubsidiaries, which provide essential solutions to the insurance, mortgage lending, and healthcare markets. For more information, visit www.verisk.com.<\/p>\n
Get Started with CRAL2010\u2122
\nCRAL2010\u2122 offers advanced features and <\/p>\n
tools designed to help make form fi lling easier <\/p>\n
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comps database management, integrated <\/p>\n
sketching, and mobile software. Save time <\/p>\n
with enhanced views and functionality to help <\/p>\n
improve your report writing capabilities.<\/p>\n
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\n \u25aa Free PDF Creator
\n \u25aa ACI365\u2122 Website (One Year)
\n \u25aa Premier Plus Service (One Year)<\/p>\n
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The Appraiser\u2019s Choice\u2122
\nPayable in US Dollars<\/p>\n
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\n \u25aa ACCESS TO NEW FORMS!<\/p>\n
Worldwide ERC\u00ae Summary
\nAppraisal Report is now available.<\/p>\n
\u25aa COMPLETE REPORTS FASTER
\nwith CRAL\u2019s MLS\/.csv Import
\nService allows you to quickly import
\ndata from any MLS.<\/p>\n
CRAL2010\u2122 *<\/p>\n
Form300 01\/10<\/p>\n
t 800-234-8727 f 386-246-3811AppraisersChoice.com<\/p>\n
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The new Worldwide ERC\u00ae <\/p>\n
Summary Appraisal Report is <\/p>\n
now available in CRAL2010\u2122. <\/p>\n
NEW! Worldwide ERC\u00ae
\nSummary Appraisal Report<\/p>\n
Save time and effort with CRAL\u2019s <\/p>\n
Market Conditions eService. <\/p>\n
Works with all MLS providers.<\/p>\n
NEW! Comps Import
\nTransfer MLS Data Directly<\/p>\n
Learn More about CRAL2010\u2122
\nVisit AppraisersChoice.com and learn more
\nabout the new features in CRAL2010\u2122<\/p>\n
\u25aa Online Training Sessions<\/p>\n
\u25aa inMotion Videos<\/p>\n
\u25aa Tech Doc Library<\/p>\n
\u25aa ACI Forum<\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada 5<\/p>\n
403-200 Catherine Street,
\nOttawa, ON K2P 2K9 <\/p>\n
Phone: (613) 234-6533 Fax: (613) 234-7197
\nWeb site: www.aicanada.ca<\/p>\n
Contact us at: info@aicanada.ca <\/p>\n
Board of Directors
\nConseil d\u2019administration<\/p>\n
President \u2013 Pr\u00e9sidente
\nGrant Uba, AACI (ON)<\/p>\n
President Elect \u2013 Pr\u00e9sident d\u00e9sign\u00e9
\nGeorge Ward, AACI (BC)<\/p>\n
Immediate Past-president \u2013
\nPr\u00e9sident sortant<\/p>\n
Sheila Young, AACI, Fellow (AB) <\/p>\n
Vice-Presidents \u2013 Vice-pr\u00e9sidents
\nKimberly Maber, AACI (SK) <\/p>\n
Michael Mendela, AACI (ON)<\/p>\n
Directors \u2013 Directeurs
\nGreg Bennett, AACI (NL)<\/p>\n
Alfred Mullally, AACI (NS)
\nAndre St-Arnaud, CRA (QC)<\/p>\n
David Shum, AACI (AB)
\nScott Wilson, AACI (PE)<\/p>\n
David Babineau, AACI, Fellow (NB)
\n Lorne Mikulik, AACI (MB)<\/p>\n
Dan Wilson, AACI (BC)
\nDan Brewer, AACI (ON)<\/p>\n
Chief Executive Officer
\nGeorges Lozano, MPA, Ottawa<\/p>\n
Director of Marketing & Communications
\nJoanne Charlebois, Ottawa<\/p>\n
Managing Editor \u2013
\nR\u00e9dacteur administratif<\/p>\n
Craig Kelman, Winnipeg<\/p>\n
Assistant Editor \u2013
\nR\u00e9dacteur en chef adjoint<\/p>\n
Cheryl Parisien, Winnipeg<\/p>\n
Editorial Board
\nAIC would like to thank the following <\/p>\n
individuals for their assistance and support:
\nSheila Young, AACI, Fellow \u2013 Chair<\/p>\n
John Peebles, AACI
\nAndr\u00e9 Beaudoin, CRA
\nDavid Lopatka, AACI<\/p>\n
Rob Grycko, CRA
\nJane Londerville, B.Sc., M.B.A.,AACI (Hon)
\nAssociate Professor, University of Guelph<\/p>\n
Publication management, design and production by:<\/p>\n
The articles printed in this issue represent authors\u2019 opinions only and are not
\nnecessarily endorsed by the APPRAISAL INSTITUTE OF CANADA. Copyright 2010 by
\nthe APPRAISAL INSTITUTE OF CANADA. All rights reserved. Reproduction in whole
\nor in part without written permission is strictly prohibited. Subscription, $40.00 per
\nyear. Printed in Canada. Les articles imprim\u00e9s dans ce num\u00e9ro ne rep\u00e9sentent que
\nl\u2019opinion de leur auteur respectif, mais ne sont pas n\u00e9ces\u2013sairement endoss\u00e9s par
\nL\u2019INSTITUT CANADIEN DES \u00c9VALUATEURS. Tous droits reserv\u00e9s 2008 par L\u2019INSTITUT
\nCANADIEN DES \u00c9VALUATEURS. La reproduction totale ou partielle sous quelque form
\nque se soit sans authorisation \u00e9crite est absolument interdite. Abonnement $40.00
\npar ann\u00e9e. Imprim\u00e9 au Canada.
\n* The Appraisal Institute of Canada reserves the right to reject advertising
\nthat it deems to be inappropriate.
\n** The publisher and the Appraisal Institute of Canada cannot be held liable for
\nany material used or claims made in advertising included in this publication.
\nIndexed in the Canadian Business Index and available on-line in the Canadian
\nBusiness & Current Af fairs database.<\/p>\n
ISSN 0827-2697<\/p>\n
3rd Floor \u2013 2020 Portage Avenue
\nWinnipeg, MB R3J 0K4<\/p>\n
Phone: 866-985-9780 \u2022 Fax: 866-985-9799
\nE-mail: info@kelman.ca \u2022 Web: www.kelman.ca<\/p>\n
Design\/Layout: Theresa Kurjewicz
\nAdvertising Manager: Kris Fillion<\/p>\n
Advertising Co-ordinator: Lauren Campbell<\/p>\n
Publication Mails Agreement #40008249.
\nReturn undeliverable Canadian addresses to: Appraisal Institute of Canada,
\n403-200 Catherine St., Ottawa, ON K2P 2K9. Email: info@aicanada.ca <\/p>\n
Published by the
\nVolume 54, Book 4, 2010<\/p>\n
Contents
\n6 Visions of our future<\/p>\n
10 Visions de notre avenir<\/p>\n
14 Staying at the top
\nof your profession<\/p>\n
16 Demeurer au sommet
\nde sa profession<\/p>\n
18 Gord MacNair\u2019s career
\nhighlights opportunities
\nbeyond appraisals<\/p>\n
20 From appraiser to assessor<\/p>\n
22 Duane Bates understands
\nthe value of volunteering<\/p>\n
24 International professional
\ndevelopment opportunities<\/p>\n
26 Evolving the AIC brand<\/p>\n
28 What are the benefits of a
\nprofessional designation?<\/p>\n
30 Updates on
\nbeing an
\nexpert
\nwitness (Part I)<\/p>\n
32 Introducing
\nthe Applied
\nExperience
\nCommittee<\/p>\n
33 A summary
\nof the CPD
\nprogram<\/p>\n
This magazine is printed with vegetable oil-based inks and consists of
\nrecycled paper provided by a Forest Stewardship Council (FSC) certified
\nsupplier. Please do your part for the environment by reusing and recycling. <\/p>\n
34 Volunteer skill sets make
\ncommittees effective<\/p>\n
35 The Professional Liability
\nInsurance Program<\/p>\n
36 Appraisal review assignments<\/p>\n
37 The future of peer review<\/p>\n
38 Say what you mean
\nand mean what you say<\/p>\n
39 Electronic data
\nsecurity and privacy<\/p>\n
40 What happens at
\nan appeal hearing?<\/p>\n
41 The Standards revisited<\/p>\n
42 Confidential
\ndata<\/p>\n
43 Introducing
\nThe Appraisal
\nof Real Estate,
\nThird Canadian
\nEdition<\/p>\n
44 Spotlight on
\nContinuing
\nProfessional Development<\/p>\n
46 Designations\/
\nCandidates\/Students<\/p>\n
47 Jack Warren Scholarship
\nrecipient\/In Memoriam\/
\nCritical Dates<\/p>\n
48 AIC 2011 Conference<\/p>\n
49 Notice of Annual
\nGeneral Meeting<\/p>\n
50 Calendar of Events<\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada6<\/p>\n
President\u2019s MESSAGE<\/p>\n
Grant Uba, AACI
\nAIC President<\/p>\n
Visions of our future<\/p>\n
have served the Appraisal Institute of Canada (AIC) to assist Candidates
\nand CRAs in our profession. The most personally rewarding opportunity I
\nhave had was the interviewer for the introductory interview between <\/p>\n
Candidates and mentors held at the time the Candidate enters the Applied
\nExperience Program (AEP). I was a member of the Board of Examiners in Ontario
\nfrom January 2004 to May 2008, charged with the sole task of reviewing the
\nguidelines for the AEP and the expectations placed on both the Candidate
\nand the mentor for successful completion of the AEP in the interview with
\nCandidate and mentor. I had the opportunity to speak with about 300
\nCandidates and mentors in approximately 150 introductory interviews and
\nmany Candidates frequently spoke about their aspirations for their careers as
\ndesignated members in the AIC.<\/p>\n
With every issue of Canadian Property Valuation (formerly The Canadian
\nAppraiser), I look for Candidates who I interviewed to see who has been suc-
\ncessful in achieving an AIC designation. I always welcome the opportunity
\nto put a face to the name of a Candidate and mentor who I interviewed at a
\nchapter, seminar or annual meeting, and to discuss their employment and
\ncareer aspirations.<\/p>\n
I approached the Board of Directors to consider establishing a CRA Task Force
\nin September 2007. I was subsequently tasked with being the Chair from October
\n2007 until June 2008, when I was elected Vice President of the AIC. The objec-
\ntives of the CRA Task Force were:
\n\u2022\t to\tencourage\tCRAs\tto\tidentify\tthe\tissues\tof\tprimary\tconcern\tto\tthe\tCRA\t<\/p>\n
membership;
\n\u2022\t to\tbring\tforward\tsuggestions\tfor\tconsideration\tby\tthe\tAIC\tExecutive\tand\tBoard\t<\/p>\n
of Directors;
\n\u2022\t to\tpermit\tCRAs\tto\texchange\tideas\tabout\ttheir\tcareer\tpaths;\tand
\n\u2022\t to\tcreate\ta\tforum\tto\tobtain\tinformation\tabout\tbuilding\tsuccessful\tpractices.
\nIn June of 2008, I presented a report from the CRA Task Force to the Board of
\nDirectors, in which the Task Force requested the Board of Directors consider re-
\nexamining the degree requirement for the CRA designation, given the change in
\nbusiness conditions for residential valuations. The report was received by the Board
\nand was forwarded to the Professional Qualifications and Competency Committee
\n(PQCC) for consideration and subsequent recommendation to the Board. After its
\ndeliberations, the PQCC recommended to the Board that the degree requirement
\nfor the CRA continue. The recommendation was accepted by the Board, thereby
\nconfirming continuation of the degree requirement for the CRA.<\/p>\n
A university degree is held as one of the criteria for a truly profes-
\nsional designation. The Board of Directors acted strategically in making
\na university degree one of the criteria for eligibility of its professional
\ndesignations. A Candidate for the AACI designation has been required to
\nhave a university degree at the time of eligibility since January 1, 1998. In
\nrecognition of the CRA being a professional designation, a Candidate for
\nthe CRA has been required to have a university degree at the time of eligi-
\nbility since January 1, 2006. Since a university degree is a requirement for
\neither designation, the eligibility for Candidate member status, effective
\nJanuary 1, 2007, requires the applicant to hold a university degree or to
\nhave completed all curriculum requirements (university and AIC courses)
\nfor the AACI less 10 courses.<\/p>\n
Our membership is aging and the Candidates who have joined the AIC
\nafter January 1, 2006 and who earned their designations after January 1,
\n2006 represent the future of the AIC. They will drive the profession and
\nthey will be tomorrow\u2019s leaders of the AIC. While a membership survey was
\nrecently conducted of all members, I believe it is important for older mem-
\nbers, designated and Candidates alike, to know the visions that the \u2018youth\u2019
\nof our membership hold on their designations and careers. Consequently,
\nCandidates who joined after January 1, 2006 and members receiving their
\ndesignation after January 1, 2006 were invited to respond to separate
\nquestionnaires. Approximately 1,300 Candidates and designated members
\nwere invited to respond. The number of responses was 292 from designated
\nmembers and 269 from Candidates, representing 561 responses, or approxi-
\nmately 43% of the number invited. A summary of their responses follows. <\/p>\n
Effective January 1, 2006, the degree requirement for the CRA has resulted
\nin significant change in the educational background of the Candidate member-
\nship from January 1, 2000 to August 18, 2010 (the later date the statistics were
\ncompiled.) The Candidates who responded break down as follows:
\n\u2022\t Candidates\tjoining\tbefore\tJanuary\t1,\t2000:<\/p>\n
Number of Candidates 143
\n University degree 32 (22.4%)
\n No degree 111 (77.6%)<\/p>\n
\u2022\t Candidates\tjoining\tbetween\tJanuary\t1,\t2000\tand\tDecember\t31,\t2005:
\n Number of Candidates 533
\n University degree 153 (28.7%)
\n No degree 380 (71.3%)<\/p>\n
I<\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada 7<\/p>\n
\u2022\t Candidates\tjoining\tin\t2006\t(first\tyear\tafter\tdegree\trequirement\teffective
\nJanuary 1, 2006):<\/p>\n
Number of Candidates 158
\n University degree 89 (56.3%)
\n No degree 69 (43.7%)<\/p>\n
\u2022\t Candidates\tjoining\tbetween\tJanuary\t1,\t2007\tto\tAugust\t18,\t2010:
\n Number of Candidates 456
\n University degree 338 (74.1%)
\n No degree 118 (25.9%)<\/p>\n
The percentage of Candidates with a university degree who joined in calen-
\ndar year 2006, as of mid-August 2010, was 56.3%, up from 28.7% for the
\nCandidates with join dates between January 1, 2000 and December 31, 2005.
\nFor Candidates joining between January 1, 2007 and August 18, 2010, the
\npercentage with a university degree increased to 74.1%. As for the 25.9% who
\njoined between January 1, 2007 to August 31, 2010, they would have met the
\nalternative requirement for Candidate member status of all curriculum require-
\nments for the AACI (university and all courses) less 10 courses.<\/p>\n
In April 2008, the 189 Candidates who joined the AIC after January 1,
\n2007 were asked what designation they were pursuing:
\n\u2022\t 72\tof\t108\tresponses\t(66.7%)\tindicated\tthey\twere\tpursuing\tthe\tAACI;
\n\u2022\t 18\t(16.7%)\tindicated\tthey\twere\tpursuing\tthe\tCRA\tfirst\tthen\tpursuing\tthe\t<\/p>\n
AACI; and
\n\u2022\t 18\t(16.7%)\tindicated\tthey\twere\tpursuing\tthe\tCRA.
\n\u2022\t Of\tthe\t108\tresponses,\t83.4%\tof\tthe\tpost\tJanuary\t1,\t2007\tCandidates\t<\/p>\n
indicated their goal was to achieve the AACI.
\nIn my questionnaire to the Candidates, they were asked their designation
\naspirations:
\n\u2022\t Of\tthe\t263\trespondents,\t159\t(60.5%\tindicated\tthey\twere\tpursuing\tthe\tAACI;
\n\u2022\t 45\t(17.1%)\tthe\tCRA\tfirst,\tthen\tthe\tAACI;\tand
\n\u2022\t 59\t(22.4%)\tthe\tCRA.
\n\u2022\t Of\tthe\t263\trespondents,\t77.6%\tindicated\tthey\twere\tor\twere\teventually\t<\/p>\n
aspiring to the AACI.
\nIt appears the requirement for a degree for the Candidate membership and
\nfor the AIC designations has not been a barrier for application to the AIC.<\/p>\n
The post-January 1, 2006 Candidates and designated members were
\nasked to provide their opinion on the degree requirement for the CRA
\ndesignation. Their responses are:<\/p>\n
While 71.2% of the Candidate respondents indicated the degree
\nrequirement should continue for the CRA designation, 52.0% of the
\ndesignated member respondents also indicated continuation of the
\ndegree requirement. 19.8% of the Candidate respondents and 31.5%
\nof the designated member respondents indicated there should be no
\nuniversity degree requirement for the CRA. <\/p>\n
In addition, 8.9% of the Candidate respondents and 16.5% of
\nthe designated member respondents indicated the university degree
\nrequirement should continue for the CRA, if the scope of practice for
\nCRAs is expanded.<\/p>\n
I asked the Candidates and designated members their opinions on
\nthe issue of Candidate co-signing, and their responses follow:<\/p>\n
University Degree Requirement for CRAs<\/p>\n
Candidates Designated members<\/p>\n
Number Percentage Number Percentage<\/p>\n
A university degree should
\ncontinue to be required<\/p>\n
183 71.2% 145 52.0%<\/p>\n
A university degree should not
\nbe required<\/p>\n
51 19.8% 88 31.5%<\/p>\n
A university degree should be
\nrequired, but only if the scope of
\npractice for CRAs is expanded<\/p>\n
23 8.9% 46 16.5%<\/p>\n
Total 257 100.0% 279 100.0%<\/p>\n
Candidate Co-signing<\/p>\n
Candidates Designated members<\/p>\n
Number Percentage Number Percentage<\/p>\n
Yes 147 57.6% 117 42.1%<\/p>\n
No 108 42.4% 161 57.9%<\/p>\n
Total 255 100.0% 278 100.0%<\/p>\n
The responses of the Candidates and designated members are oppo-
\nsite. While 57.6% of the Candidates say yes to continuation of Candidate
\nco-signing, 57.9% of designated members say no. While 42.4% of
\ndesignated members say yes, 42.4% of Candidates say no.<\/p>\n
\u201cOur membership is aging and the Candidates who have joined the AIC
\nafter January 1, 2006 and who earned their designations after January 1, <\/p>\n
2006 represent the future of the AIC. They will drive the profession and they
\nwill be tomorrow\u2019s leaders of the AIC.\u201d<\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada8<\/p>\n
On the Course per Year requirement for Candidates, the Candidates
\nand designated members responded as follows:<\/p>\n
The designated members\u2019 history with completion of their coursework
\nand, subsequently, receiving their designation could be a factor in the 72.2%
\nresponse rate for the one course per year being appropriate.<\/p>\n
There has been anxiety and consternation among members as to what
\ndecisions the Board of Directors may make regarding the AIC designations.
\nConsequently, the Candidates and designated members were asked for their
\nopinions on the AIC designations. Their responses were:<\/p>\n
The AIC Designations<\/p>\n
Candidates Designated members<\/p>\n
Number Percentage Number Percentage<\/p>\n
Return to having the AACI as the
\nonly designation.<\/p>\n
53 20.7% 41 14.6%<\/p>\n
Continue to have both designations 150 58.6% 158 56.2%<\/p>\n
Expand the scope of the CRA to
\nallow members to do additional
\nwork as well as residential
\nappraisals<\/p>\n
53 20.7% 82 29.2%<\/p>\n
Total 256 100.0% 281 100.0%<\/p>\n
Both Candidates, at a 58.6% response rate, and designated members,
\nat 56.2%, indicated the CRA and the AACI should continue. Given the
\npercentage of Candidates who aspire to earn the AACI, it is not surpris-
\ning that the percentage indicating a return to only the AACI is greater
\nthan the percentage of responses of the designated members. 20.7%
\nof the Candidate respondents and 29.2% of the designated member
\nrespondents have indicated the scope of practice for CRAs needs to be
\nexpanded.<\/p>\n
Governance is an important aspect of the AIC. The Board can define
\nmembership classes and determine the rights of members, including the
\nright to vote, in the Bylaws, with the approval of 67% of the member-
\nship voting at an annual meeting. There is nothing in the Canada Corpo-
\nrations Act that precludes a Candidate from having a vote at the meeting
\nof the members. Changes to the governance of the AIC will be required
\nwhen Bill C-4, the Canada Not-for-Profit Corporations Act, which received
\nRoyal Assent on June 23, 2009, is proclaimed into law. The new Act will
\nrequire the membership to consider amendments to the Bylaws regard-
\ning member voting rights. Since the proclamation of Bill C-4 is expected
\nmost likely sometime in 2011, I thought it relevant to ask the Candidates
\nand designated members their opinion on Candidates having the right to
\nvote at meetings of the members. Their responses follow:<\/p>\n
A total of 78.4% of the Candidate respondents and a total of 54.9%
\nof the designated member respondents have indicated that Candidates
\nshould have voting rights, with reservation on voting on matters affect-
\ning the designations.<\/p>\n
The Candidates and designated members were asked to provide
\ntheir visions of the AIC in 10 to 15 years, the AIC designations in 10 to 15
\nyears, their careers in 10 to 15 years, and the role of the AIC. Because of
\nspace limitations, I will provide brief summaries in tabular form on only
\ntheir visions of the AIC designations and their careers.<\/p>\n
There is some consensus on some of the questions. However, the AIC has
\ntwo designations that differ in their focus, and it should not be surprising
\nthat there are differences in the responses between Candidates and desig-
\nnated members that, for the most part, are based on the designation that <\/p>\n
One Course per Year Requirement<\/p>\n
Candidates Designated members<\/p>\n
Number Percentage Number Percentage<\/p>\n
This is appropriate 139 54.7% 203 72.2%<\/p>\n
This is not necessary;
\nCandidates should pursue their
\nstudies at their own pace within
\nthe 10-year deadline.<\/p>\n
115 45.3% 78 27.8%<\/p>\n
Total 254 100.0% 281 100.0%<\/p>\n
Candidate Voting at Annual Meeting of Members<\/p>\n
Candidates Designated members<\/p>\n
Number Percentage Number Percentage<\/p>\n
Candidates should not have a vote 52 21.7% 121 45.1%<\/p>\n
Candidates should have a vote 141 58.8% 75 28.0%<\/p>\n
Candidates should have a vote,
\nbut only on matters not affecting
\nthe designations<\/p>\n
47 19.6% 72 26.9%<\/p>\n
Total 240 100.0% 268 100.0%<\/p>\n
\u201cRespondents have indicated
\nthat Candidates should have <\/p>\n
voting rights, with reservation on
\nvoting on matters affecting the <\/p>\n
designations.\u201d<\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada 9<\/p>\n
Vision of the future of the AIC designations in 10 to 15 years<\/p>\n
Designated members Candidates<\/p>\n
Continuation and support of both CRA and AACI with greater recognition as preeminent
\nvaluation designations in Canada.<\/p>\n
Continuation of the degree requirement will
\nenhance the CRA.<\/p>\n
Since 71.2% of the respondents indicated
\nthe continuation of the degree require-
\nment for the CRA, there were opinions that
\nthe CRA designation will be strengthened.<\/p>\n
While some indicated that the CRA will be the leading residential designation in Canada,
\nrespondents indicated there are threats that will undermine the prestige, the credibility and
\nthe continuation of the CRA, i.e., AMCs, AVMs, and lending institutions recognizing designa-
\ntions of other appraisal organizations.<\/p>\n
There will be a requirement for specialization for members holding either designation.<\/p>\n
Need to expand the scope for CRA to maintain the designation.<\/p>\n
Given the question on the AIC designations, there are opinions expressing there should only
\nbe the AACI.<\/p>\n
Although there was no specific question on Option B, colloquially referred to as the fast track
\nto the AACI for existing CRAs, on the questionnaire, there were many opinions expressed
\nthat existing CRAs should not be given the opportunity to fast track to the AACI because it
\nwould undermine the AACI, if the AACI was granted to a CRA without a degree. In addition,
\nthere was concern expressed that there would be increasing competition among AACIs
\nwith fast tracking CRAs. On the other hand, there were opinions indicating that exist-
\ning CRAs should be given the opportunity to fast track to the AACI with or without a
\nuniversity degree. <\/p>\n
Given the trend for Candidates pursuing the
\nAACI, there will be a decreasing number of
\nCRAs<\/p>\n
Vision of your career in 10 to 15 years<\/p>\n
Designated members Candidates<\/p>\n
21 of the 194 respondents (10.8%) indicated
\nthat they would have the AACI.<\/p>\n
47 of the 161 respondents (29.2%)
\nindicated they will have the AACI<\/p>\n
44 respondents (22.7%) indicated that they
\nwill be or most likely be retired.<\/p>\n
6 respondents (3.7%) indicated that they
\nwould achieve the CRA first followed by
\nthe AACI.<\/p>\n
There needs to be an expanded scope
\nof work for the CRA designation beyond
\nresidential up to four units.<\/p>\n
11 respondents (6.8%) indicated that they
\nwill have the CRA<\/p>\n
Residential respondents indicated that they
\nhave specialized or will be finding areas of
\nspecialization to continue their practices in
\nresidential.<\/p>\n
Consulting, advisory, specialization and
\nniche markets holds the future for 25
\nrespondents (15.5%) working in non-
\nresidential and for 7 respondents (4.4%)
\nworking in residential.<\/p>\n
Non-residential respondents indicated they
\nhope to have specialized practices, to work
\nin consulting and advisory, and to work
\nnationally and globally.<\/p>\n
11 respondents (6.8%) indicated that
\nthey would be providing advisory and
\nconsulting services as employees with
\nlarge investment or development firms or
\nin government.<\/p>\n
Many members indicated that they will
\ncontinue to be working, but did not
\nidentify the area in which they would be
\nworking<\/p>\n
10 respondents (6.2%) indicated
\nwithdrawing from the AIC for reasons of
\nthe degree requirement for CRAs, low fees,
\nor retirement.<\/p>\n
the Candidate aspires to or the designation the designated member holds or
\naspires to the AACI.<\/p>\n
I would like to thank the Candidates and designated members who
\naccepted my invitation to respond to my questionnaires. In my opinion,
\nyou are the future of the AIC and your visions for the AIC need to be heard
\nand considered. My fellow Directors will receive this report in advance of
\npublication in Canadian Property Valuation to assist in decisions the Board of
\nDirectors will be making at its meeting and in its planning session in early
\nNovember 2010. Your assistance and input has been received with great
\nappreciation. <\/p>\n
NOTE: The sum of the percentages in the article and in the tables
\nmay not add to 100.0%. The percentages and their sums were
\ndeveloped in Excel with the percentages rounded to one decimal place.<\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada10<\/p>\n
Grant Uba, AACI
\nPr\u00e9sident de l\u2019ICE<\/p>\n
Visions de notre avenir<\/p>\n
MESSAGE du pr\u00e9sident<\/p>\n
ai servi l\u2019Institut canadien des \u00e9valuateurs (ICE) pour appuyer les
\nstagiaires et les CRA de notre profession. L\u2019exp\u00e9rience person-
\nnelle la plus enrichissante que j\u2019ai v\u00e9cue est celle o\u00f9 j\u2019ai conduit <\/p>\n
l\u2019entrevue de pr\u00e9sentation entre des stagiaires et des mentors au moment o\u00f9
\nles stagiaires entreprennent le Programme d\u2019exp\u00e9rience appliqu\u00e9e (PEA). J\u2019ai
\nsi\u00e9g\u00e9 au Conseil des examinateurs pour l\u2019Ontario de janvier 2004 \u00e0 mai 2008,
\nalors que ma seule t\u00e2che consistait \u00e0 revoir les lignes directrices du PEA et
\nles exigences auxquelles les stagiaires autant que les mentors sont astreints
\nen ce qui concerne l\u2019accomplissement du PEA lors de l\u2019entrevue avec ceux-ci.
\nJ\u2019ai eu la chance de m\u2019entretenir avec quelque 300 stagiaires et mentors dans
\nle cadre d\u2019environ 150 entrevues de pr\u00e9sentation, et de nombreux stagiaires
\nm\u2019ont fait part de leurs aspirations pour leurs carri\u00e8res en tant que membres
\naccr\u00e9dit\u00e9s de l\u2019ICE.<\/p>\n
Dans chaque num\u00e9ro du magazine \u00c9valuation immobili\u00e8re au Canada
\n(anciennement L\u2019\u00e9valuateur canadien), je recherche les stagiaires que j\u2019ai
\ninterview\u00e9s afin de reconna\u00eetre ceux qui ont obtenu l\u2019accr\u00e9ditation de l\u2019ICE.
\nJ\u2019ai toujours beaucoup de plaisir \u00e0 mettre un visage sur les noms d\u2019un stagi-
\naire et d\u2019un mentor que j\u2019ai interview\u00e9s dans un chapitre, un s\u00e9minaire ou
\nune assembl\u00e9e annuelle et qui ont partag\u00e9 avec moi les r\u00eaves qu\u2019ils entrete-
\nnaient \u00e0 l\u2019\u00e9gard de leurs emplois et leurs carri\u00e8res.<\/p>\n
J\u2019ai demand\u00e9 au Conseil d\u2019administration d\u2019envisager la cr\u00e9ation d\u2019un
\nGroupe de travail sur les CRA en septembre 2007. On m\u2019a ensuite demand\u00e9
\nde pr\u00e9sider le groupe, d\u2019octobre 2007 \u00e0 juin 2008, lorsque j\u2019ai \u00e9t\u00e9 \u00e9lu vice-
\npr\u00e9sident de l\u2019ICE. Les objectifs du Groupe de travail sur les CRA \u00e9taient les
\nsuivants\u00a0:
\n\u2022\t Encourager\tles\tCRA\t\u00e0\tidentifier\tles\tprincipales\tpr\u00e9occupations\tau\tsujet\tdes\t<\/p>\n
membres CRA;
\n\u2022\t Transmettre\tles\tsuggestions\t\u00e0\tl\u2019Ex\u00e9cutif\tet\tau\tConseil\td\u2019administration\tde\t<\/p>\n
l\u2019ICE \u00e0 des fins d\u2019\u00e9tude;
\n\u2022\t Permettre\taux\tCRA\td\u2019\u00e9changer\tdes\tid\u00e9es\tsur\tleur\tcheminement\tde
\n carri\u00e8re; et
\n\u2022\t Cr\u00e9er\tun\tforum\td\u2019information\tsur\tla\tconstitution\tde\tpratiques\t\u00e0\tsucc\u00e8s.
\nEn juin 2008, j\u2019ai pr\u00e9sent\u00e9 au Conseil d\u2019administration un rapport du Groupe
\nde travail sur les CRA, dans lequel nous lui demandions de r\u00e9examiner
\nles exigences relatives aux dipl\u00f4mes pour l\u2019obtention du titre de CRA \u00e0 la
\nlumi\u00e8re des nouvelles conditions commerciales entourant l\u2019\u00e9valuation r\u00e9si-<\/p>\n
dentielle. Le Conseil d\u2019administration a transmis le rapport au Comit\u00e9 sur les
\nqualifications et les comp\u00e9tences professionnelles (CQCP) pour qu\u2019il en fasse
\nl\u2019analyse et formule des recommandations au Conseil. Apr\u00e8s d\u00e9lib\u00e9ration,
\nle CQCP a recommand\u00e9 au Conseil de maintenir les exigences relatives aux
\ndipl\u00f4mes pour l\u2019obtention du titre de CRA. Le Conseil a accept\u00e9 la recom-
\nmandation, confirmant ainsi le maintien des exigences.<\/p>\n
Le dipl\u00f4me universitaire est l\u2019un des crit\u00e8res associ\u00e9s \u00e0 un v\u00e9ritable titre
\nprofessionnel. Le Conseil d\u2019administration a agi de fa\u00e7on strat\u00e9gique en
\nfaisant du dipl\u00f4me universitaire un crit\u00e8re d\u2019admissibilit\u00e9 \u00e0 ses titres profes-
\nsionnels. Un stagiaire qui convoite le titre AACI doit d\u00e9tenir un dipl\u00f4me
\nuniversitaire au moment de son admissibilit\u00e9 depuis le 1er janvier 1998. Pour
\navoir droit au titre CRA comme accr\u00e9ditation professionnelle, un candidat
\ndoit d\u00e9tenir un dipl\u00f4me universitaire au moment de son admissibilit\u00e9 depuis
\nle 1er janvier 2006. Comme le dipl\u00f4me universitaire est une exigence pour
\nl\u2019un ou l\u2019autre titre, l\u2019admissibilit\u00e9 du stagiaire au statut de membre exige,
\ndepuis le 1er janvier 2007, qu\u2019il poss\u00e8de un dipl\u00f4me universitaire ou qu\u2019il ait
\nrempli toutes les exigences du curriculum (cours universitaires et cours de
\nl\u2019ICE) pour le titre AACI moins 10 cours.<\/p>\n
Nos membres vieillissent, alors que les stagiaires qui se sont joints \u00e0
\nl\u2019ICE depuis le 1er\u00a0janvier 2006 et qui obtiennent leur titre apr\u00e8s cette date
\nrepr\u00e9sentent l\u2019avenir de l\u2019ICE. Ils seront la force vive de la profession et les
\nprochains leaders de l\u2019Institut. M\u00eame si une \u00e9tude des effectifs a \u00e9t\u00e9 r\u00e9alis\u00e9e
\nr\u00e9cemment, je crois qu\u2019il est important pour les membres plus \u00e2g\u00e9s, qu\u2019ils
\nsoient accr\u00e9dit\u00e9s ou stagiaires, de savoir comment nos jeunes membres
\nper\u00e7oivent leurs titres et leurs carri\u00e8res. Par cons\u00e9quent, on a demand\u00e9 aux
\nstagiaires arriv\u00e9s depuis le 1er janvier 2006 et aux membres ayant re\u00e7u leur
\ntitre apr\u00e8s cette date de r\u00e9pondre \u00e0 des questionnaires distincts, les deux
\ngroupes totalisant environ 1\u00a0300 personnes. De ce nombre, 292 membres
\naccr\u00e9dit\u00e9s et 269 stagiaires ont r\u00e9pondu aux questionnaires, pour un total de
\n561 r\u00e9ponses ou environ 43 % des personnes invit\u00e9es. Un r\u00e9sum\u00e9 de leurs
\nr\u00e9ponses appara\u00eet plus bas.<\/p>\n
Les exigences relatives aux dipl\u00f4mes pour le titre CRA, en vigueur
\ndepuis le 1er janvier 2006, ont modifi\u00e9 consid\u00e9rablement le niveau de sco-
\nlarit\u00e9 des membres stagiaires du 1er\u00a0janvier 2000 au 18 ao\u00fbt 2010 (derni\u00e8re
\ndate de compilation des statistiques). Voici la ventilation des stagiaires qui
\nont r\u00e9pondu\u00a0:<\/p>\n
J\u2019<\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada 11<\/p>\n
\u2022\t Stagiaires\tarriv\u00e9s\tavant\tle\t1er janvier 2000 :
\n Nombre de stagiaires 143
\n Dipl\u00f4me universitaire 32 (22,4\u00a0%)
\n Sans dipl\u00f4me 111 (77,6\u00a0%)<\/p>\n
\u2022\t Stagiaires\tarriv\u00e9s\tdu\t1er janvier 2000 au 31 d\u00e9cembre 2005 :
\n Nombre de stagiaires 533
\n Dipl\u00f4me universitaire 153 (28,7\u00a0%)
\n Sans dipl\u00f4me 380 (71,3\u00a0%)<\/p>\n
\u2022\t Stagiaires\tarriv\u00e9s\ten\t2006\t(premi\u00e8re\tann\u00e9e\tsuivant\tles\texigences\trelatives
\naux dipl\u00f4mes entr\u00e9es en vigueur le 1er janvier 2006) :<\/p>\n
Nombre de stagiaires 158
\n Dipl\u00f4me universitaire 89 (56,3\u00a0%)
\n Sans dipl\u00f4me 69 (43,7\u00a0%)<\/p>\n
\u2022\t Stagiaires\tarriv\u00e9s\tdu\t1er janvier 2007 au 18 ao\u00fbt 2010 :
\n Nombre de stagiaires 456
\n Dipl\u00f4me universitaire 338 (74,1\u00a0%)
\n Sans dipl\u00f4me 118 (25,9\u00a0%)<\/p>\n
Parmi les stagiaires arriv\u00e9s durant l\u2019ann\u00e9e civile 2006, comme on l\u2019a constat\u00e9
\n\u00e0 la mi-ao\u00fbt 2010, 56,3\u00a0% poss\u00e9daient un dipl\u00f4me universitaire, compara-
\ntivement \u00e0 28,7\u00a0% des stagiaires arriv\u00e9s du 1er janvier 2000 au 31 d\u00e9cembre
\n2005. Cette proportion atteint 74,1\u00a0% chez les stagiaires arriv\u00e9s du 1er janvier
\n2007 au 18 ao\u00fbt 2010. Quant aux 25,9\u00a0% arriv\u00e9s du 1er janvier 2007 au 31
\nao\u00fbt 2010, ils auraient satisfait \u00e0 l\u2019exigence optionnelle du statut de membre
\nstagiaire en ce qui concerne toutes les exigences du curriculum touchant le
\ntitre AACI (cours universitaires et tous les cours) sauf 10 cours.<\/p>\n
En avril 2008, on a demand\u00e9 aux 189 stagiaires arriv\u00e9s \u00e0 l\u2019ICE apr\u00e8s le 1er
\njanvier 2007 quel titre ils souhaitaient obtenir\u00a0:
\n\u2022\t 72\tdes\t108\tr\u00e9pondants\t(66,7\u00a0%)\tont\tindiqu\u00e9\tle\ttitre\tAACI;
\n\u2022\t 18\t(16,7\u00a0%)\tont\tindiqu\u00e9\tle\ttitre\tCRA\td\u2019abord,\tpuis\tle\ttitre\tAACI;\tet
\n\u2022\t 18\t(16,7\u00a0%)\tont\tindiqu\u00e9\tle\ttitre\tCRA.
\n\u2022\t Dans\tles\t108\tr\u00e9ponses,\t83,4\u00a0%\tdes\tstagiaires\tarriv\u00e9s\tapr\u00e8s\tle\t1er janvier <\/p>\n
2007 ont indiqu\u00e9 qu\u2019ils souhaitaient obtenir le titre AACI.
\nDans mon questionnaire, j\u2019ai demand\u00e9 aux stagiaires \u00e0 quel titre ils aspiraient\u00a0:
\n\u2022\t Parmi\tles\t263\tr\u00e9pondants,\t159\t(60,5\u00a0%)\tont\tindiqu\u00e9\tle\ttitre\tAACI;
\n\u2022\t 45\t(17,1\u00a0%)\tont\tindiqu\u00e9\tle\ttitre\tCRA\td\u2019abord,\tpuis\tle\ttitre\tAACI;\tet
\n\u2022\t 59\t(22,4\u00a0%)\tont\tindiqu\u00e9\tle\ttitre\tCRA.<\/p>\n
\u2022\t Parmi\tles\t263\tr\u00e9pondants,\t77,6\u00a0%\tont\tindiqu\u00e9\tqu\u2019ils\tconvoitaient\tou
\naspireraient \u00e9ventuellement au titre AACI.<\/p>\n
Il semble que l\u2019exigence d\u2019un dipl\u00f4me pour les membres stagiaires et les
\ntitres de l\u2019ICE n\u2019a pas \u00e9t\u00e9 un obstacle aux demandes d\u2019adh\u00e9sion pr\u00e9sent\u00e9es
\n\u00e0 l\u2019Institut. <\/p>\n
On a demand\u00e9 aux stagiaires et aux membres accr\u00e9dit\u00e9s apr\u00e8s le 1er
\njanvier 2006 ce qu\u2019ils pensaient des exigences relatives aux dipl\u00f4mes pour le
\ntitre CRA. Voici ce qu\u2019ils ont r\u00e9pondu\u00a0:<\/p>\n
Alors que 71,2 % des stagiaires ont indiqu\u00e9 que l\u2019on devrait maintenir
\nles exigences relatives aux dipl\u00f4mes pour le titre CRA, 52,0\u00a0% des membres
\naccr\u00e9dit\u00e9s \u00e9taient du m\u00eame avis. 19,8\u00a0% des stagiaires et 31,5 % des mem-
\nbres accr\u00e9dit\u00e9s ont indiqu\u00e9 qu\u2019il ne devrait pas y avoir d\u2019exigences relatives
\naux dipl\u00f4mes universitaires pour le titre CRA. De plus, 8,9\u00a0% des stagiaires
\net 16,5 % des membres accr\u00e9dit\u00e9s ont indiqu\u00e9 que l\u2019on devrait maintenir les
\nexigences relatives aux dipl\u00f4mes universitaires pour les CRA seulement si
\nleur pratique est \u00e9tendue.<\/p>\n
J\u2019ai demand\u00e9 aux stagiaires et aux membres accr\u00e9dit\u00e9s ce qu\u2019ils pen-
\nsaient de la cosignature des stagiaires. Voici ce qu\u2019ils ont r\u00e9pondu\u00a0:<\/p>\n
Exigence d\u2019un dipl\u00f4me universitaire pour les CRA<\/p>\n
Stagiaires Membres accr\u00e9dit\u00e9s<\/p>\n
Nombre Pourcentage Nombre Pourcentage<\/p>\n
Un dipl\u00f4me universitaire devrait
\ndemeurer obligatoire<\/p>\n
183 71,2 % 145 52,0 %<\/p>\n
Un dipl\u00f4me universitaire ne
\ndevrait pas \u00eatre obligatoire<\/p>\n
51 19,8 % 88 31,5 %<\/p>\n
Un dipl\u00f4me universitaire devrait
\n\u00eatre obligatoire seulement si la
\npratique des CRA est \u00e9tendue<\/p>\n
23 8,9 % 46 16,5 %<\/p>\n
Total 257 100,0 % 279 100,0 %<\/p>\n
Cosignature des stagiaires<\/p>\n
Stagiaires Membres accr\u00e9dit\u00e9s<\/p>\n
Nombre Pourcentage Nombre Pourcentage<\/p>\n
Oui 147 57,6 % 117 42,1 %<\/p>\n
Non 108 42,4 % 161 57,9 %<\/p>\n
Total 255 100,0 % 278 100,0 %<\/p>\n
\u00ab Nos membres vieillissent, alors que les stagiaires qui se sont joints \u00e0
\nl\u2019ICE depuis le 1er\u00a0janvier 2006 et qui obtiennent leur titre apr\u00e8s cette date
\nrepr\u00e9sentent l\u2019avenir de l\u2019ICE. Ils seront la force vive de la profession et les <\/p>\n
prochains leaders de l\u2019Institut. \u00bb<\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada12<\/p>\n
Les r\u00e9ponses des stagiaires et des membres accr\u00e9dit\u00e9s sont \u00e0 l\u2019oppos\u00e9.
\nTandis que 57,6\u00a0% des stagiaires favorisent le maintien de la cosignature des
\nstagiaires, 57,9\u00a0% des membres accr\u00e9dit\u00e9s se prononcent contre. Alors que
\n42,1 % des membres accr\u00e9dit\u00e9s se disent en faveur, 42,4 % des stagiaires s\u2019y
\nopposent.<\/p>\n
En ce qui concerne l\u2019exigence d\u2019un cours par ann\u00e9e pour les stagiaires,
\nvoici ce que les stagiaires et les membres accr\u00e9dit\u00e9s ont r\u00e9pondu\u00a0:<\/p>\n
L\u2019histoire des membres accr\u00e9dit\u00e9s touchant l\u2019ach\u00e8vement de leurs
\ntravaux de cours et l\u2019obtention de leur titre pourrait \u00eatre un facteur du
\ntaux de r\u00e9ponse de 72,2 % \u00e0 l\u2019effet qu\u2019un cours par ann\u00e9e est appropri\u00e9.<\/p>\n
Certains membres se sont dits inquiets, voire constern\u00e9s, par les
\nd\u00e9cisions que pourrait prendre le Conseil d\u2019administration au sujet des
\ntitres de l\u2019ICE. On a donc d\u00e9cid\u00e9 de demander aux stagiaires et aux <\/p>\n
membres accr\u00e9dit\u00e9s ce qu\u2019ils pensaient des titres de l\u2019Institut. Voici ce
\nqu\u2019ils ont r\u00e9pondu\u00a0:<\/p>\n
Les stagiaires (58,6 %) aussi bien que les membres accr\u00e9dit\u00e9s (56,2 %)
\nont indiqu\u00e9 qu\u2019il fallait conserver les deux titres. \u00c9tant donn\u00e9 la proportion
\nde stagiaires qui aspirent au titre AACI, il n\u2019est pas \u00e9tonnant que la propor-
\ntion favorisant le retour \u00e0 l\u2019AACI comme seul titre soit plus \u00e9lev\u00e9e que le taux
\nde r\u00e9ponse des membres accr\u00e9dit\u00e9s. 20,7\u00a0% des stagiaires et 29,2 % des
\nmembres accr\u00e9dit\u00e9s ont indiqu\u00e9 qu\u2019il fallait \u00e9largir la port\u00e9e de la pratique
\ndes CRA.<\/p>\n
La gouvernance est une facette importante de l\u2019ICE. Le Conseil peut
\nd\u00e9finir dans les statuts les cat\u00e9gories de membres ainsi que leurs droits, y
\ncompris le droit de vote, avec l\u2019approbation de 67 % des membres votants
\n\u00e0 l\u2019assembl\u00e9e annuelle. Aucune disposition de la Loi sur les corporations
\ncanadiennes n\u2019interdit \u00e0 un stagiaire d\u2019exercer son droit de vote \u00e0 l\u2019assembl\u00e9e
\ndes membres. Il faudra modifier la gouvernance de l\u2019ICE lorsque le Projet de
\nloi C-4 : Loi canadienne sur les organisations \u00e0 but non lucratif, qui a re\u00e7u la
\nsanction royale le 23 juin 2009, entrera en vigueur. La nouvelle Loi exigera
\ndes membres qu\u2019ils songent \u00e0 modifier les statuts concernant le droit de vote
\ndes membres. Comme il est fort probable que le Projet de loi C-4 soit proc-
\nlam\u00e9 au cours de l\u2019ann\u00e9e 2011, j\u2019ai pens\u00e9 qu\u2019il serait pertinent de demander
\naux stagiaires et aux membres accr\u00e9dit\u00e9s leur avis sur les stagiaires qui ont le
\ndroit de voter aux assembl\u00e9es des membres. Voici ce qu\u2019ils ont r\u00e9pondu :<\/p>\n
Stagiaires votant \u00e0 l\u2019assembl\u00e9e annuelle des membres<\/p>\n
Stagiaires Membres accr\u00e9dit\u00e9s<\/p>\n
Nombre Pourcentage Nombre Pourcentage<\/p>\n
Les stagiaires ne devraient pas
\nvoter<\/p>\n
52 21,7 % 121 45,1 %<\/p>\n
Les stagiaires devraient voter 141 58,8 % 75 28,0 %<\/p>\n
Les stagiaires devraient voter,
\nmais seulement sur les questions
\nne touchant pas les titres<\/p>\n
47 19,6 % 72 26,9 %<\/p>\n
Total 240 100,0 % 268 100,0 %<\/p>\n
Titres de I\u2019ICE<\/p>\n
Stagiaires Membres accr\u00e9dit\u00e9s<\/p>\n
Nombre Pourcentage Nombre Pourcentage<\/p>\n
Revenir \u00e0 I\u2019AACI comme seul titre 53 20,7 % 41 14,6 %<\/p>\n
Conserver les deux titres 150 58,6 % 158 56,2 %<\/p>\n
Augmenter la port\u00e9e du titre CRA
\npour que les membres puissent
\nremplir d\u2019autres t\u00e2ches comme
\nl\u2019\u00e9valuation r\u00e9sidentielle<\/p>\n
53 20,7 % 82 29,2 %<\/p>\n
Total 256 100,0 % 281 100,0 %<\/p>\n
Exigence d\u2019un cours par ann\u00e9e<\/p>\n
Stagiaires Membres accr\u00e9dit\u00e9s<\/p>\n
Nombre Pourcentage Nombre Pourcentage<\/p>\n
C\u2019est appropri\u00e9 139 54,7 % 203 72,2 %<\/p>\n
Ce n\u2019est pas n\u00e9cessaire; les
\nstagiaires devraient poursuivre
\nleurs \u00e9tudes \u00e0 leur rythme avant
\nl\u2019\u00e9ch\u00e9ance de dix ans<\/p>\n
115 45,3 % 78 27,8 %<\/p>\n
Total 254 100,0 % 281 100,0 %<\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada 13<\/p>\n
En tout, 78,4\u00a0% des stagiaires et 54,9\u00a0% des membres accr\u00e9dit\u00e9s ont
\nindiqu\u00e9 que les stagiaires devraient avoir le droit de voter, sauf sur les ques-
\ntions li\u00e9es aux titres.<\/p>\n
On a demand\u00e9 aux stagiaires et aux membres accr\u00e9dit\u00e9s de se projeter
\nen avant de 10 ou 15 ans et de nous dire comment ils entrevoyaient l\u2019ICE, ses
\ntitres, son r\u00f4le, de m\u00eame que leurs carri\u00e8res. Faute d\u2019espace, je me limiterai \u00e0
\nr\u00e9sumer dans un tableau les visions qu\u2019ils ont exprim\u00e9es sur les titres de l\u2019ICE
\net sur leurs carri\u00e8res.<\/p>\n
Il existe un certain consensus autour de quelques questions. Toutefois,
\nl\u2019ICE offre deux titres dont les objectifs diff\u00e8rent. Il n\u2019est donc pas surprenant
\nque les r\u00e9ponses des stagiaires et des membres accr\u00e9dit\u00e9s diff\u00e8rent \u00e9gale-<\/p>\n
Visions des titres de l\u2019ICE dans 10 ou 15 ans<\/p>\n
Membres accr\u00e9dit\u00e9s Stagiaires<\/p>\n
Les titres CRA et AACI devraient \u00eatre maintenus, support\u00e9s et davantage reconnus comme
\ntitre de choix en \u00e9valuation au Canada.<\/p>\n
Le maintien des exigences relatives aux
\ndipl\u00f4mes am\u00e9liorera le titre CRA.<\/p>\n
Comme 71,2 % des r\u00e9pondants ont
\nindiqu\u00e9 qu\u2019il fallait maintenir les exigences
\nrelatives aux dipl\u00f4mes pour le titre CRA,
\nd\u2019aucuns croyaient que le titre CRA en
\nserait consolid\u00e9.<\/p>\n
Alors que certains ont indiqu\u00e9 que le titre CRA sera l\u2019accr\u00e9ditation r\u00e9sidentielle pr\u00e9pon-
\nd\u00e9rante au Canada, les r\u00e9pondants ont indiqu\u00e9 que certains facteurs nuiront au prestige, \u00e0
\nla cr\u00e9dibilit\u00e9 et au maintien du titre, soit les CGE, les MEA et les \u00e9tablissements de cr\u00e9dit qui
\nreconnaissent les accr\u00e9ditations d\u2019autres organisation ou ordre d\u2019\u00e9valuateur.<\/p>\n
Une exigence de sp\u00e9cialisation visera les membres d\u00e9tenant l\u2019un des titres.<\/p>\n
Il faut \u00e9largir la port\u00e9e du titre CRA pour maintenir l\u2019accr\u00e9ditation.<\/p>\n
R\u00e9pondant \u00e0 la question pos\u00e9e sur les titres de l\u2019ICE, certains sont d\u2019avis que seul le titre
\nAACI devrait exister.<\/p>\n
M\u00eame si le questionnaire ne posait pas de question sp\u00e9cifique sur la deuxi\u00e8me option,
\ncouramment appel\u00e9e raccourci des CRA actuels vers le titre AACI, plusieurs r\u00e9pondants ont
\n\u00e9mis l\u2019opinion que les CRA actuels ne devraient pas avoir l\u2019opportunit\u00e9 d\u2019emprunter ce rac-
\ncourci, car cela d\u00e9valoriserait le titre AACI s\u2019il \u00e9tait accord\u00e9 \u00e0 un CRA non dipl\u00f4m\u00e9. En outre,
\non craignait que la concurrence augmente entre les AAIC en raison des raccourcis emprunt\u00e9s
\npar les CRA. En revanche, certains r\u00e9pondants \u00e9taient d\u2019avis que l\u2019on devrait permettre aux
\nCRA actuels de prendre le raccourci, qu\u2019ils d\u00e9tiennent un dipl\u00f4me universitaire ou non.<\/p>\n
\u00c9tant donn\u00e9 la tendance des stagiaires qui
\npoursuivent le titre AACI, le nombre de CRA
\ndiminuera.<\/p>\n
Vision de votre carri\u00e8re dans 10 ou 15 ans<\/p>\n
Membres accr\u00e9dit\u00e9s Stagiaires<\/p>\n
21 des 194 r\u00e9pondants (10,8 %) ont indiqu\u00e9
\nqu\u2019ils obtiendraient le titre AACI.<\/p>\n
47 des 161 r\u00e9pondants (29,2 %) ont
\nindiqu\u00e9 qu\u2019ils poursuivront le titre AACI.<\/p>\n
44 r\u00e9pondants (22,7 %) ont indiqu\u00e9 qu\u2019ils
\nseront \u00e0 la retraite ou qu\u2019ils seront le plus
\nvraisemblablement \u00e0 la retraite.<\/p>\n
6 r\u00e9pondants (3,7 %) ont indiqu\u00e9 qu\u2019ils
\nobtiendraient d\u2019abord le titre CRA, puis le
\ntitre AACI.<\/p>\n
Les t\u00e2ches des d\u00e9tenteurs du titre CRA
\ndoivent \u00eatre \u00e9tendues aux immeubles
\nr\u00e9sidentiels qui comptent jusqu\u2019\u00e0 quatre
\nunit\u00e9s d\u2019habitation.<\/p>\n
11 r\u00e9pondants (6,8 %) ont indiqu\u00e9 qu\u2019ils
\nobtiendront le titre CRA.<\/p>\n
Les r\u00e9pondants r\u00e9sidentiels ont indiqu\u00e9
\nqu\u2019ils se sont sp\u00e9cialis\u00e9s ou qu\u2019ils trouveront
\ndes secteurs de sp\u00e9cialisation afin de pour
\npoursuivre leurs pratiques dans l\u2019\u00e9valuation
\nr\u00e9sidentielle.<\/p>\n
Les secteurs de consultation, la presta-
\ntion de conseils, de sp\u00e9cialisation et
\ndes march\u00e9s \u00e0 cr\u00e9neaux sont les plus
\nprometteurs pour l\u2019avenir, selon 25 r\u00e9pon-
\ndants (15,5 %) faisant de l\u2019\u00e9valuation non
\nr\u00e9sidentielle et selon 7 r\u00e9pondants (4,4 %)
\nfaisant de l\u2019\u00e9valuation r\u00e9sidentielle.<\/p>\n
Les r\u00e9pondants non r\u00e9sidentiels ont indiqu\u00e9
\nqu\u2019ils esp\u00e8rent exercer des pratiques sp\u00e9-
\ncialis\u00e9es, offrir des services de consultation
\net de conseil, en plus de travailler au pays et
\n\u00e0 travers le monde.<\/p>\n
11 r\u00e9pondants (6,8 %) ont indiqu\u00e9 qu\u2019ils
\nfourniraient des services de conseil et
\nde consultation comme employ\u00e9s d\u2019une
\ngrande entreprise d\u2019investissement ou de
\nd\u00e9veloppement, ou comme employ\u00e9s du
\ngouvernement.<\/p>\n
Plusieurs membres ont indiqu\u00e9 qu\u2019ils
\ncontinueront \u00e0 travailler, sans pr\u00e9ciser dans
\nquel secteur.<\/p>\n
10 r\u00e9pondants (6,2 %) ont indiqu\u00e9 qu\u2019ils
\nquittaient l\u2019ICE en raison des exigences
\nrelatives aux dipl\u00f4mes pour les CRA, des
\nfaibles honoraires ou de la retraite.<\/p>\n
ment, surtout \u00e0 cause du titre auquel aspire le stagiaire ou du titre AACI que
\nle membre accr\u00e9dit\u00e9 d\u00e9tient ou convoite.<\/p>\n
Je tiens \u00e0 remercier les stagiaires et les membres accr\u00e9dit\u00e9s qui ont
\naccept\u00e9 de r\u00e9pondre \u00e0 mes questionnaires. \u00c0 mon avis, vous repr\u00e9sentez
\nl\u2019avenir de l\u2019ICE et tous les intervenants doivent conna\u00eetre et r\u00e9fl\u00e9chir aux
\nvisions que vous avez partag\u00e9es au sujet de l\u2019Institut. Mes coll\u00e8gues admin-
\nistrateurs recevront ce rapport avant sa parution dans la revue \u00c9valuation
\nimmobili\u00e8re au Canada pour appuyer les d\u00e9cisions que prendra le Conseil
\nd\u2019administration \u00e0 son assembl\u00e9e et \u00e0 sa s\u00e9ance de planification au d\u00e9but de
\nnovembre 2010. J\u2019ai beaucoup appr\u00e9ci\u00e9 votre aide et votre contribution. <\/p>\n
REMARQUE : La somme des pourcentages de l\u2019article et des
\ntableaux peut ne pas totaliser 100,0 %. Les pourcentages et leurs
\nsommes ont \u00e9t\u00e9 trait\u00e9s avec Excel, qui arrondissait les pourcentages \u00e0
\nune d\u00e9cimale.<\/p>\n
\u00ab Il semble que l\u2019exigence d\u2019un dipl\u00f4me <\/p>\n
pour les membres stagiaires et les titres de
\nl\u2019ICE n\u2019a pas \u00e9t\u00e9 un obstacle aux demandes <\/p>\n
d\u2019adh\u00e9sion pr\u00e9sent\u00e9es \u00e0 l\u2019Institut. \u00bb<\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada14<\/p>\n
Georges Lozano, MPA
\nAIC Chief Executive Officer<\/p>\n
Staying at the top
\nof your profession <\/p>\n
CEO REPORT<\/p>\n
ll your hard work has finally paid off.
\nYou have earned your professional
\ndesignation from the Appraisal <\/p>\n
Institute of Canada (AIC). Where do you go
\nfrom here? The first thing to remember is that
\nthis milestone does not represent the end of
\nyour journey. Instead, you should look at it as
\nthe beginning of your career as a professional.
\nObtaining your designation was a starting point
\nfor a career that has unlimited potential for
\ngrowth and development. How far you go with
\nyour profession will depend largely on how you
\nmanage and develop it over time.<\/p>\n
As a designated member of the Institute,
\nyou will have to fulfill certain obligations to
\nmaintain your good standing. These include
\nadhering to the Standards and the Code of
\nConduct, and fulfilling the requirements for
\ncontinuing professional development. As a
\nprofessional, you will want to give back to the
\nprofession and this can be done through your
\nwork as a role model, mentor, and volunteer.<\/p>\n
In all likelihood, the first thing you will
\nwant to do is acquire more general experience,
\na process that began when you entered the
\napplied experience program as a Candidate. The
\ncourse of study that led you to your designation
\nprovided you with basic appraisal knowledge
\nand experience, but you need to build on that,
\nparticularly by adding depth. <\/p>\n
You may have certain ideas about the kind
\nof work you want to do as an appraiser, but
\nyou should plan a career path that will pro-
\nvide you with diversity and growth potential
\nas the needs of the marketplace and your <\/p>\n
clients evolve. If you are a new member of
\nthe Institute, you probably have taken the We
\nValue Canada seminar, which assists students
\nin identifying areas of interest and developing
\ntheir careers as appraisers. Nonetheless, now is
\na good time to think about the path you would
\nlike your career to take and to work out a way
\nto achieve your career goals.<\/p>\n
The marketplace for real property appraisal
\nis growing more complex day by day and, as a
\nresult, the opportunities for specialization are
\nmultiplying. Many a flourishing career has been
\nbuilt on identifying lucrative market niches and
\ndeveloping the specialty skills to serve them.<\/p>\n
Some appraisers specialize in doing valua-
\ntions for certain property types such as hotels,
\nshopping malls, rural properties, and native
\nlands. Others expand their service offerings
\nto include not only appraisals for financing
\npurposes, but also consulting services in such
\nareas as highest and best use studies, return
\non investment analysis, valuation for financial
\nreporting, assessment appeals, and expert wit-
\nness work, to name but a few. <\/p>\n
Specialization requires additional training
\nand experience. Training is available from a
\nvariety of sources, including colleges and uni-
\nversities, as well as through seminars offered by
\nthe Institute\u2019s affiliated provincial associations
\nand other professional bodies.<\/p>\n
The Institute\u2019s educational partner, UBC,
\noffers a wide range of many courses that are
\navailable through distance learning and cover
\nsuch topics as office property valuation, expro-
\npriation valuation, and appraisal review, to <\/p>\n
name but three of the 27 CPD courses currently
\navailable.<\/p>\n
The mandatory Continuing Professional
\nDevelopment (CPD) program, which replaced
\nthe Institute\u2019s recertification program in 2002,
\naims to encourage AIC designated members to
\ndevelop and expand their careers by taking a
\nminimum of 60 hours of meaningful learning
\nover a five-year cycle. Obtaining 60 credits over
\nfive years should not be a huge imposition and
\nwill benefit members tremendously if the train-
\ning obtained is carefully selected and part of a
\ncareer enhancement plan.<\/p>\n
Over time, professionals should strengthen
\ntheir core competencies while developing their
\nspecialty skills. The combination will result in
\nhigher levels of competency all around, more
\nbusiness and career opportunities, and a
\ndiversity of professional know-how that will
\nhelp in dealing with the challenges of the
\never-changing marketplace.<\/p>\n
For years, the Institute has been advo-
\ncating the multidisciplinary nature of the
\nprofession and encouraging AIC members
\nto become highly qualified as mul-
\ntidisciplinary professionals. The
\nInstitute\u2019s professional practice
\nstandards cover both appraisal
\nand consulting services and
\nthey allow members to offer
\nthose services to the public
\nthat they deem themselves to
\nbe qualified to perform. The
\nStandards are explicit in stating
\nthat: \u201cThe steps necessary and <\/p>\n
A<\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada 15<\/p>\n
appropriate to complete an assignment compe-
\ntently include personal study by the appraiser,
\nassociation with an appraiser reasonably believed
\nto have the necessary knowledge or experience,
\nor retention of others who possess the required
\nknowledge and experience.\u201d<\/p>\n
Further, the Institute\u2019s professional liability
\ninsurance covers members for all professional
\nservices that they are qualified and authorized
\nby the Institute to undertake. These include
\nappraisal and related advisory services that
\nare covered within the Standards and which <\/p>\n
members are competent to provide.
\nNotwithstanding the importance of career <\/p>\n
development and specialization, staying at the
\ntop of your profession means, first and foremost,
\nmaintaining your competency as a real property <\/p>\n
appraiser. While the CPD program addresses
\ncareer development, what should <\/p>\n
a professional do to
\nmaintain competency?<\/p>\n
As mentioned
\nbefore, the mandatory <\/p>\n
CPD program is different
\nfrom the earlier recertifi-<\/p>\n
cation program, which
\nrequired the registra-
\ntion of valuation and
\nauxiliary credits.
\nThe CPD program
\ndoes not deal with
\nmaintaining core <\/p>\n
competency and,
\nas a professional, you
\nneed both \u2013 professional
\ndevelopment and continu-
\ning competence.<\/p>\n
The professional practice seminar, which
\nmembers must take at least once every five years,
\nis a starting point for maintaining competence.
\nBut that, in itself, is not sufficient and members
\nmust gauge by themselves whether their work as
\nprofessionals consistently demonstrates itself
\nto be of the high caliber that is expected from
\na designated member of the Institute in order
\nto protect the public. <\/p>\n
Maintaining competence then means being
\nself-critical about one\u2019s work and addressing
\nany weaknesses or gaps in the performance
\nthereof. True professionals aspire to best prac-
\ntices and inform themselves through continu-
\nous learning, which includes formal education
\nand professional networking.<\/p>\n
When approaching new areas of practice
\nthat are unfamiliar, you should rely on knowl-
\nedgeable colleagues for assistance and advice.
\nLearn by doing. Whether you are a Candidate or
\na designated number of the Institute, if you are
\nunsure about your ability to handle an assign-
\nment, have your work co-signed by a colleague
\nwho is expert in the area and only handle the
\ntype of work by yourself when you feel you are
\nfully competent and ready to go it alone.<\/p>\n
Peer review is another way to find out if
\nyour work meets accepted standards of compe-
\ntency within the Institute. The AIC peer review
\nprogram is under development and voluntary,
\nbut members who have an interest in having
\ntheir work reviewed by their peers can contact
\nthe Institute to request a peer review.<\/p>\n
Newly designated members would be wise
\nto continue to maintain contact with their
\nmentor as a valuable source of advice. Compare
\nnotes with fellow appraisers on how assign-<\/p>\n
ments are handled and attend chapter meet-
\nings and seminars where you can get valuable
\ninformation about the profession and ways
\nto work better.<\/p>\n
The Institute is developing a new
\nprogram aimed at enhancing the
\ncompetence of members and broadening
\ntheir skills as professionals. The Professional
\nExcellence Program will focus on appraisal
\npractice issues and inform members about
\nbest practices and ways to ensure client
\nsatisfaction and avoid claims. It will provide
\nonline information about new appraisal
\nmethods covering residential and ICI
\npractice, but also emerging specialty areas. <\/p>\n
The advantages of staying on top of your
\nprofession through continuing professional
\ndevelopment and continuous learning to
\nmaintain competency are too many to list, but
\nhere are just a few:
\n\u2022\t You\tbuild\ta\tstrong\treputation\tas\ta\t<\/p>\n
professional and, with it, a strong client base.
\n\u2022\t You\tcarve\tout\tyour\town\tmarket\tniche\tin\t<\/p>\n
which you are a recognized expert.
\n\u2022\t Your\tmulti-disciplinary\tskills\tprotect\tyour\t<\/p>\n
business and enhance your options and
\ncareer potential.<\/p>\n
\u2022\t You\tminimize\tcomplaints\tand\treduce
\nprofessional liability claims.<\/p>\n
\u2022\t You\tserve\tas\ta\trole\tmodel\tto\tthe
\nprofession and your community. <\/p>\n
You worked hard to get your designation
\nand are proud of it. Should you not work
\njust as hard to build on those credentials
\nand reap the benefits of a rich and
\nrewarding career as a designated member
\nof the Appraisal Institute of Canada? <\/p>\n
\u201cYou worked hard to get your designation and are proud of it.
\nShould you not work just as hard to build on those credentials and <\/p>\n
reap the benefits of a rich and rewarding career as a designated
\nmember of the Appraisal Institute of Canada?\u201d<\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada16<\/p>\n
Georges Lozano, MPA
\nChef de la direction<\/p>\n
Demeurer au sommet
\nde sa profession<\/p>\n
RAPPORT du Chef de la direction<\/p>\n
ous avez obtenu votre accr\u00e9ditation
\nde l\u2019Institut canadien des \u00e9valuateurs
\ngr\u00e2ce\u00a0\u00e0 tous les efforts que vous <\/p>\n
avez d\u00e9ploy\u00e9s. Quelle est votre prochaine \u00e9tape?
\nVous devez d\u2019abord vous souvenir que cette
\naccr\u00e9ditation n\u2019est que le d\u00e9but de votre carri\u00e8re
\nen tant que professionnel et que les possibilit\u00e9s
\nde perfectionnement sont illimit\u00e9es. Votre
\nascension professionnelle d\u00e9pendra en grande
\npartie de la fa\u00e7on dont vous g\u00e9rerez votre carri\u00e8re
\net vous vous perfectionnerez au fil du temps. <\/p>\n
En tant que membre accr\u00e9dit\u00e9 de l\u2019Institut,
\nvous devrez remplir certaines obligations en
\nvue de maintenir votre statut de membre en
\nr\u00e8gle. Ces obligations comprennent entre
\nautres le respect des normes et du code de
\nconduite de l\u2019Institut ainsi que des exigences en
\nmati\u00e8re de perfectionnement continu. En tant
\nque professionnel, vous souhaiterez redonner
\n\u00e0 votre milieu professionnel par votre travail
\ncomme mentor et b\u00e9n\u00e9vole et en servant
\nd\u2019exemple au sein de la profession. <\/p>\n
Selon toute vraisemblance, vous souhaiterez
\nd\u2019abord acqu\u00e9rir davantage d\u2019exp\u00e9rience
\ng\u00e9n\u00e9rale; processus qui a d\u00e9but\u00e9 lors de votre
\ninscription au programme d\u2019exp\u00e9rience appliqu\u00e9e
\nlorsque vous \u00e9tiez stagiaire. Gr\u00e2ce au pro-
\ngramme d\u2019\u00e9tudes qui a men\u00e9 \u00e0 votre accr\u00e9dita-
\ntion vous avez acquis les connaissances de base
\net de l\u2019exp\u00e9rience en mati\u00e8re d\u2019\u00e9valuation, mais
\nvous devrez vous perfectionner davantage. <\/p>\n
\u00c0 titre d\u2019\u00e9valuateur, vous pouvez avoir
\ndes id\u00e9es quant au genre de travail que vous
\nsouhaitez ex\u00e9cuter, mais vous devrez planifier
\nvotre carri\u00e8re afin d\u2019\u00eatre en mesure de diversi-
\nfier et d\u2019\u00e9largir votre pratique selon l\u2019\u00e9volution <\/p>\n
des besoins du march\u00e9 et de votre client\u00e8le. Si
\nvous \u00eates un nouveau membre de l\u2019Institut, vous
\navez probablement assist\u00e9 au s\u00e9minaire \u00ab\u00a0Nous
\n\u00e9valuons, au Canada\u00a0\u00bb dont le but est d\u2019aider
\nl\u2019\u00e9tudiant \u00e0 d\u00e9terminer ses domaines d\u2019int\u00e9r\u00eat
\net \u00e0 se perfectionner comme \u00e9valuateur. N\u00e9an-
\nmoins, le moment est bien choisi pour r\u00e9fl\u00e9chir
\nau cheminement de votre carri\u00e8re et trouver le
\nmoyen d\u2019atteindre vos objectifs. <\/p>\n
Le march\u00e9 de l\u2019\u00e9valuation immobili\u00e8re est,
\nde jour en jour, de plus en plus complexe et, par
\ncons\u00e9quent, les possibilit\u00e9s de sp\u00e9cialisation se
\nmultiplient. Plus d\u2019une carri\u00e8re florissante a d\u00e9but\u00e9
\ngr\u00e2ce \u00e0 la d\u00e9termination de march\u00e9s lucratifs et \u00e0
\nl\u2019acquisition de comp\u00e9tences sp\u00e9cialis\u00e9es permet-
\ntant leur conqu\u00eate. <\/p>\n
Certains \u00e9valuateurs se sp\u00e9cialisent dans les
\n\u00e9valuations de propri\u00e9t\u00e9s comme les h\u00f4tels, les
\ncentres commerciaux, les propri\u00e9t\u00e9s rurales et les
\nterres autochtones, alors que d\u2019autres \u00e9largissent
\nleurs services afin d\u2019y inclure non seulement des
\nservices d\u2019\u00e9valuation \u00e0 des fins de financement,
\nmais \u00e9galement des services de consultation entre
\nautres dans les domaines des \u00e9tudes de l\u2019utilisation
\noptimale, des analyses de retour sur investisse-
\nment, des \u00e9valuations aux fins de rapports
\nfinanciers ainsi que lors de proc\u00e9dures d\u2019appel et de
\nt\u00e9moignages comme t\u00e9moin expert. <\/p>\n
Une sp\u00e9cialisation exige une formation suppl\u00e9-
\nmentaire et davantage d\u2019exp\u00e9rience. Il est possible
\nd\u2019obtenir cette formation aupr\u00e8s de diff\u00e9rentes
\nsources, telles que les coll\u00e8ges, les universit\u00e9s, les
\ns\u00e9minaires des associations provinciales affili\u00e9es de
\nl\u2019Institut et d\u2019autres organismes professionnels. <\/p>\n
L\u2019Universit\u00e9 de la Colombie-Britannique,
\npartenaire \u00e9ducatif de l\u2019Institut, offre un large <\/p>\n
\u00e9ventail de cours de PPC auxquels les membres
\npeuvent participer gr\u00e2ce au programme de forma-
\ntion \u00e0 distance. Ces cours, pour n\u2019en citer que trois
\nsur les 27 actuellement offerts, portent sur des
\nsujets tels l\u2019\u00e9valuation de propri\u00e9t\u00e9s \u00e0 bureaux,
\nl\u2019\u00e9valuation \u00e0 des fins d\u2019expropriation et l\u2019examen
\nd\u2019une \u00e9valuation.<\/p>\n
Le programme obligatoire de perfec-
\ntionnement professionnel continu, qui a remplac\u00e9
\nen 2002 le programme de recertification, vise
\n\u00e0 encourager les membres accr\u00e9dit\u00e9s de l\u2019ICE \u00e0
\nb\u00e2tir leur carri\u00e8re et \u00e0 se perfectionner en par-
\nticipant \u00e0 un minimum de 60 heures de cours
\nd\u2019apprentissage significatif dans le cadre d\u2019un cycle
\nde cinq ans. L\u2019obtention de 60 cr\u00e9dits sur une
\np\u00e9riode de cinq ans ne devrait pas se r\u00e9v\u00e9ler une
\nexigence trop \u00e9norme et sera b\u00e9n\u00e9fique aux mem-
\nbres si la formation obtenue a \u00e9t\u00e9 judicieusement
\nchoisie et fait partie d\u2019un plan d\u2019enrichissement
\nprofessionnel.
\n Au fil du temps, les professionnels devraient
\napprofondir leurs connaissances tout en \u00e9largissant
\nleur champ de comp\u00e9tences sp\u00e9cialis\u00e9es. Cette
\ncombinaison donnera lieu \u00e0 des niveaux plus \u00e9lev\u00e9s
\nd\u2019aptitudes et, par la m\u00eame occasion, \u00e0 davantage
\nde contrats de service et d\u2019opportunit\u00e9s de carri\u00e8re
\nqui les aideront \u00e0 faire face aux d\u00e9fis que pose un
\nmarch\u00e9 en constante \u00e9volution. <\/p>\n
Pendant des ann\u00e9es, l\u2019Institut a pr\u00e9conis\u00e9
\nla nature multidisciplinaire de la profession en
\nencourageant les membres de l\u2019ICE \u00e0 se qualifier
\ndavantage en tant que professionnels multi-
\ndisciplinaires. Les r\u00e8gles uniformes de pratique
\nprofessionnelle de l\u2019Institut portent sur les services
\nd\u2019\u00e9valuation et de consultation et permettent
\naux membres d\u2019offrir au public les services pour <\/p>\n
V<\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada 17<\/p>\n
lesquels ils sont qualifi\u00e9s. Les R\u00e8gles stipulent
\nque\u00a0: \u00ab\u00a0Les \u00e9tapes requises et appropri\u00e9es de la
\nr\u00e9alisation comp\u00e9tente d\u2019un contrat de service
\ncomprennent notamment : l\u2019examen effectu\u00e9
\npersonnellement par l\u2019\u00e9valuateur; la participation
\nd\u2019un deuxi\u00e8me \u00e9valuateur que le mandataire
\ncroit sinc\u00e8rement et raisonnablement poss\u00e9der
\nles connaissances ou l\u2019exp\u00e9rience requise; ou la
\nparticipation d\u2019autres personnes poss\u00e9dant les
\nconnaissances ou l\u2019exp\u00e9rience requise.\u00a0\u00bb<\/p>\n
De plus, le programme d\u2019assurance-respon-
\nsabilit\u00e9 professionnelle de l\u2019Institut couvre tous les
\nmembres pour ce qui est des services profession-
\nnels pour lesquels ils sont qualifi\u00e9s et qui ont \u00e9t\u00e9
\nautoris\u00e9s par l\u2019Institut. Ces services comprennent
\nles \u00e9valuations et les consultations connexes dont
\nil est question dans les R\u00e8gles et pour lesquels les
\nmembres poss\u00e8dent les connaissances n\u00e9cessaires. <\/p>\n
Malgr\u00e9 l\u2019importance du perfectionnement
\nde carri\u00e8re et de la sp\u00e9cialisation, demeurer au
\nsommet de sa profession c\u2019est d\u2019abord maintenir
\nsa comp\u00e9tence comme \u00e9valuateur immobilier.
\nBien que le programme de PPC traite du perfec-
\ntionnement de carri\u00e8re, quelles mesures devrait
\nprendre un professionnel pour maintenir sa
\ncomp\u00e9tence? <\/p>\n
Tel qu\u2019indiqu\u00e9 ant\u00e9rieurement, le programme
\nobligatoire de PPC diff\u00e8re du programme de
\nrecertification qui exigeait l\u2019inscription \u00e0 des cours
\nli\u00e9s \u00e0 l\u2019\u00e9valuation et \u00e0 d\u2019autres cours compl\u00e9men-
\ntaires menant \u00e0 des cr\u00e9dits. Le programme de
\nPPC ne traite pas du maintien de la comp\u00e9tence
\net, pour le professionnel, le perfectionnement des
\nconnaissances et le maintien de la comp\u00e9tence <\/p>\n
sont n\u00e9cessaires.
\nLe s\u00e9minaire de pratique <\/p>\n
professionnelle auquel les membres
\ndoivent participer au moins une fois <\/p>\n
tous les cinq ans constitue le point de <\/p>\n
d\u00e9part pour le maintien de la comp\u00e9tence, une
\nexigence qui ne suffit pas \u00e0 elle seule. Les membres
\ndoivent donc \u00e9valuer eux-m\u00eames leur travail en
\ntant que professionnel et d\u00e9terminer s\u2019il est tou-
\njours d\u2019aussi haute qualit\u00e9 que celle \u00e0 laquelle on
\npeut s\u2019attendre d\u2019un membre accr\u00e9dit\u00e9 de l\u2019Institut
\nafin de prot\u00e9ger le public. <\/p>\n
Le maintien de la comp\u00e9tence signifie faire
\npreuve d\u2019autocritique concernant le travail et d\u2019en
\ncerner les faiblesses et les lacunes dans l\u2019exercice
\nde celle-ci. Les vrais professionnels aspirent \u00e0
\ndes pratiques exemplaires et se renseignent au
\nmoyen d\u2019une formation continue, ce qui comprend
\nl\u2019\u00e9ducation formelle et le r\u00e9seautage professionnel. <\/p>\n
Lorsque vous devez proc\u00e9der \u00e0 des \u00e9valuations
\ndans des domaines qui vous sont inconnus, vous
\ndevriez compter sur l\u2019aide et les conseils de col-
\nl\u00e8gues bien inform\u00e9s. Il vous faudra apprendre en
\npratiquant. Que vous soyez stagiaire ou membre
\nde l\u2019Institut, en cas d\u2019incertitude, demandez \u00e0 un
\ncoll\u00e8gue, expert dans le domaine, de cosigner votre
\nrapport et n\u2019entreprenez ce genre de travail vous-
\nm\u00eame que lorsque vous aurez acquis les connais-
\nsances n\u00e9cessaires et serez pr\u00eat \u00e0 faire cavalier seul. <\/p>\n
L\u2019examen par les pairs est un autre moyen pour
\nsavoir si votre travail est conforme aux normes de
\ncomp\u00e9tence accept\u00e9es au sein de l\u2019Institut. L\u2019ICE
\nest \u00e0 \u00e9laborer un programme d\u2019examen par les
\npairs et les membres qui le d\u00e9sirent et qui ont un
\nint\u00e9r\u00eat \u00e0 ce que leur travail soit examin\u00e9 par leurs
\npairs peuvent communiquer avec l\u2019Institut pour en
\nfaire la demande. <\/p>\n
Il serait sage que les membres nouvellement
\naccr\u00e9dit\u00e9s gardent contact avec leur mentor, ce
\ndernier \u00e9tant une source pr\u00e9cieuse de conseils.
\nIl serait \u00e9galement sage qu\u2019ils comparent, avec
\nleurs coll\u00e8gues \u00e9valuateurs, leurs notes relatives \u00e0
\nl\u2019ex\u00e9cution de leurs contrats de service et b\u00e9n\u00e9fi-
\ncient des pr\u00e9cieux conseils concernant la profession <\/p>\n
et la fa\u00e7on d\u2019am\u00e9liorer leur travail en participant
\naux r\u00e9unions et aux s\u00e9minaires de leur chapitre. <\/p>\n
L\u2019Institut est \u00e0 mettre en place un nouveau
\nprogramme ax\u00e9 sur l\u2019am\u00e9lioration de la comp\u00e9-
\ntence des membres et l\u2019\u00e9largissement de leurs
\ncapacit\u00e9s en tant que professionnels. Le pro-
\ngramme d\u2019excellence professionnelle sera ax\u00e9 sur
\nles questions de pratique en mati\u00e8re d\u2019\u00e9valuation
\net renseignera les membres sur les pratiques
\nexemplaires et les fa\u00e7ons de s\u2019assurer de la satisfac-
\ntion de la client\u00e8le et d\u2019\u00e9viter les r\u00e9clamations. Ce
\nprogramme fournira de l\u2019information en ligne
\nconcernant les nouvelles m\u00e9thodes d\u2019\u00e9valuation
\nnon seulement dans le domaine des biens r\u00e9si-
\ndentiels et ICI, mais \u00e9galement dans les domaines
\nsp\u00e9cialis\u00e9s \u00e9mergents. <\/p>\n
Les avantages de demeurer au sommet
\nde sa profession gr\u00e2ce au perfectionnement
\nprofessionnel continu et n\u00e9cessaire au maintien
\nde votre comp\u00e9tence sont trop nombreux pour
\ntous les \u00e9num\u00e9rer, mais en voici quelques-uns\u00a0:
\n\u2022\t b\u00e2tir\tune\tsolide\tr\u00e9putation\ten\ttant\tque\t<\/p>\n
professionnel et fid\u00e9liser votre client\u00e8le;
\n\u2022\t \u00e9tablissement\tde\tvotre\tpropre\tmarch\u00e9\tau\tsein\t<\/p>\n
duquel vous \u00eates reconnu comme expert;
\n\u2022\t les\tcomp\u00e9tences\tmultidisciplinaires\tprot\u00e8gent\t<\/p>\n
votre entreprise et augmentent vos possibili-
\nt\u00e9s et votre potentiel professionnel; <\/p>\n
\u2022\t minimiser\tles\tplaintes\tet\tdiminuer\tle\tnombre
\nde r\u00e9clamations li\u00e9es \u00e0 la responsabilit\u00e9
\nprofessionnelle;<\/p>\n
\u2022\t servir\td\u2019exemple\t\u00e0\tla\tprofession\tet\t\u00e0\tvotre
\ncollectivit\u00e9. <\/p>\n
Vous avez d\u00e9ploy\u00e9 beaucoup d\u2019efforts pour
\nobtenir votre titre et vous en \u00eates fier. Ne
\ndevez-vous pas travailler aussi dur pour b\u00e2tir
\nune carri\u00e8re enrichissante en tant que membre
\nde l\u2019Institut canadien des \u00e9valuateurs et en
\nr\u00e9colter tous les avantages? <\/p>\n
\u00ab Vous avez d\u00e9ploy\u00e9 beaucoup d\u2019efforts pour obtenir votre titre et vous
\nen \u00eates fier. Ne devez-vous pas travailler aussi dur pour b\u00e2tir une carri\u00e8re <\/p>\n
enrichissante en tant que membre de l\u2019Institut canadien des \u00e9valuateurs et
\nen r\u00e9colter tous les avantages? \u00bb<\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada18<\/p>\n
Member PROFILE<\/p>\n
s the Director, Real Estate Partner-
\nships & Development at the City of
\nOttawa (REPDO), Gordon MacNair, <\/p>\n
AACI, heads a 46-member team that is involved
\nin far more than the appraisal of properties.
\nIn fact, the Realty Services part of the team is
\nresponsible for all of the City\u2019s real estate needs
\nincluding acquisitions, environmental reme-
\ndiation, disposals, leasing, valuations and land
\nmanagement. <\/p>\n
As well, the Strategic Initiatives Division
\n\u2013 added to MacNair\u2019s portfolio with the City\u2019s
\nrealignment in 2009 \u2013 focuses on land devel-
\nopment projects, public\/private partnerships
\n(P3s) and other real estate strategic initiatives.
\n\u201cMy appraisal background provided me with
\nthe necessary skills to develop an understand-
\ning of valuation that is all-encompassing,\u201d says
\nMacNair. \u201cWhen it comes to looking at innova-<\/p>\n
Gordon MacNair\u2019s career
\nhighlights opportunities
\nbeyond appraisals <\/p>\n
tive development related to real estate, having
\nan AACI designation has certainly helped me
\nprogress in my career.\u201d<\/p>\n
Early on, MacNair knew he did not want to be
\nlimited to determining the value of a property.
\nHaving grown up in New Brunswick, he gradu-
\nated from the St. Lawrence College Assessment
\nAdministration program and decided to pursue
\na career in appraisal rather than assessment.
\nSo, after leaving Canada Mortgage and Housing
\nCorporation (CMHC) in Edmonton to pursue
\nthe lending field, he quickly obtained his CRA
\ndesignation. <\/p>\n
But it was when he started working with
\nright-of-way projects for the Province of British
\nColumbia that MacNair first realized the range
\nof opportunities that a career in valuation could
\noffer. \u201cI really enjoyed working in the field of
\nexpropriation for the Province,\u201d he recalls, adding
\nthat he obtained his AACI shortly afterwards.<\/p>\n
When the opportunity arose to work with
\nOntario Hydro on right-of-way issues for some of
\nits large transmission projects, MacNair eagerly
\naccepted the position. In 1986, he started as a
\nreal estate officer and eventually moved up to the
\nposition of project supervisor.<\/p>\n
Then, in 1993, he made the leap to the
\nmunicipal world of real estate when he joined
\nthe Regional Municipality of Ottawa-Carleton \u2013
\nnow the City of Ottawa \u2013 as a real estate officer.
\nSeventeen years later, his responsibilities have
\ngrown and he is now a key member of the City\u2019s
\nSenior Management Committee. <\/p>\n
The mandate of this committee is threefold:
\nplanning and executing strategies necessary to
\nachieve superior financial planning, reporting <\/p>\n
and accountability; empowering staff to imple-
\nment and deliver council and corporate priorities,
\nprograms and services; and building and main-
\ntaining an open and collaborative relationship
\nwith Ottawa residents and external stakeholders,
\nincluding all levels of government. <\/p>\n
Although not stated explicitly, the manage-
\nment of real estate is integral to all three parts
\nof the mandate. Optimizing real estate assets
\nthrough prudent capital investment planning
\nand innovative real estate solutions is in keeping
\nwith the goal of long-term fiscal and community
\nsustainability. Other initiatives include acquiring
\nproperties for various infrastructure projects,
\ndisposal of land that is surplus to the City, analyz-
\ning lease versus purchase scenarios, portfolio
\nplanning, and implementing the various steps of
\nthe strategic asset management cycle. \u201cWe are
\ncurrently working on a large P3 initiative with
\nLansdowne Park, which could result in a major
\nretail\/commercial redevelopment of City lands,
\nincluding the refurbishment of the Frank Clair
\nStadium and the Civic Centre,\u201d says MacNair.
\n\u201cThis matter will be decided by Council later in
\nthe year.\u201d <\/p>\n
MacNair also serves as the secretary and
\nchief operating officer for the Ottawa Com-
\nmunity Lands Development Corporation, which
\nwas recently approved by the City of Ottawa
\nas a vehicle for the sale and development
\nof certain projects to meet City objectives.
\nRecently, the Board approved the sale of land
\nwithin the Longfield\u2019s subdivision, resulting in
\nsales revenue of $16.6M.<\/p>\n
He adds that, while working in the public
\nsector is a great opportunity, it can be challeng-<\/p>\n
A<\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada 19<\/p>\n
ing for those people, such as fee appraisers, who
\nhave worked in the private sector for most of
\ntheir careers. Part of the challenge is learning
\nhow to work within the bureaucracy, something
\nwhich is true in any large organization. None-
\ntheless, three of the four AACIs and one CRA in
\nREPDO came from the private sector. Conversely,
\na revelation for these former fee appraisers
\n\u2013 who had previously focused on real estate
\nappraisal \u2013 is that, although they may start in the
\nCity\u2019s appraisal unit, they can also expand their
\nhorizons by working in many other facets of real
\nestate. In addition to appraisers, REPDO\u2019s staff
\nincludes engineers, planners, strategic analysts,
\nan assessor and real estate advisors, along with
\ntwo support administrative staff. MacNair states
\nthat his team works closely together and their
\nmotto is \u201cnone of us is as smart as all of us\u201d (the
\nquote is attributed to Ken Blanchard).<\/p>\n
\u201cThere are a lot of opportunities,\u201d confirms
\nMacNair. \u201cWe are like a one-stop shop when it
\ncomes to real estate. This is similar to the private
\nsector. We provide our clients with expert help
\nregarding all of their real estate-related needs.\u201d<\/p>\n
He adds that, when hiring for positions in
\nREPDO, the City looks favourably at anyone who
\nis an AACI or a member of the AIC. \u201cWe know
\nthey have a strong background in valuation and
\nwe can provide them with training and develop-
\nment opportunities to meet their aspirations and
\nto satisfy our needs,\u201d he explains. \u201cWe are a big
\nbeliever in education and we support our staff
\naccordingly.\u201d<\/p>\n
Among internal courses offered by the City,
\nthere has been a recent push to provide staff
\nwith training in project management. Project
\nmanagement skills and an understanding of
\nthe procurement process are two important
\nattributes REPDO seeks when hiring people,
\nboth as staff and on contract. Presently, about
\n50% of the work is done internally and 50% is
\noutsourced.<\/p>\n
The City also encourages its REPDO staff to
\npursue different designations, including those of
\nthe AIC, Building Owners and Managers Institute
\n(BOMI) and International Right of Way (IRWA). <\/p>\n
MacNair points out that joining these professional
\norganizations as an active member or volunteer
\nis equally beneficial. He has served on the IRWA
\nExecutive Committee for six years, eventually
\nbecoming the international president in 2005. He
\nhas also served as the educational chair of the AIC
\nin Kamloops, BC, and has served on other vol-
\nunteer organizations as well. \u201cWhen people are
\ninvolved in a voluntary capacity for the AIC or any
\nother organization, this gives them the opportu-
\nnity to develop other skills such as leadership,\u201d he
\nnotes. \u201cThis kind of activity is not only rewarding,
\nit can also assist in advancing your career.\u201d<\/p>\n
MacNair points out that, when hiring
\nstaff, REPDO looks for technical skills as well
\nas \u2018soft\u2019 skills. These include everything from
\nbeing able to deal with the public and attend
\npublic and committee meetings to having
\nstrong presentation skills and leadership abili-
\nties. We are also looking for team players who
\nknow how to be strategic as well as complete
\nthe day-to-day tasks. <\/p>\n
\u201cThere are currently a lot of opportunities
\nwithin the public sector,\u201d he adds, \u201cparticularly as
\na result of succession planning.\u201d In REPDO alone,
\none third of the team is eligible to retire in the
\nnext three years. \u201cThis is happening all across <\/p>\n
Canada,\u201d he notes. Right now, the City of Ottawa
\nhas one or two candidate members, but soon
\nthere will be room for several more. And word is
\nslowly beginning to spread. <\/p>\n
Recently, MacNair received calls from two
\nyoung university graduates who wanted to inter-
\nview him about his career and ask him questions
\nabout how they can get involved in real estate.
\nThey had heard about the Appraisal Institute of
\nCanada, but were not sure what opportunities
\nwere available aside from fee appraising. MacNair
\nwas pleased to share with them what he knows. <\/p>\n
His willingness to share his experience does
\nnot stop there. He is often asked why he writes
\narticles and facilitates real estate seminars across
\nCanada. \u201cThis is my way of giving back,\u201d he
\nresponds. \u201cIt is important that we leave a legacy
\nwhereby we share our experiences so that others
\ncan learn from it.\u201d <\/p>\n
He notes that a large part of succession plan-
\nning involves targeting young people. \u201cAfter all,\u201d
\nhe says, \u201cthey will be our future leaders.\u201d That
\nis why making the next generation aware of all
\nthe opportunities available to them is so critically
\nimportant. If the leaders of tomorrow have the
\ninformation they need to rise to the challenge,
\nthe future will look very bright indeed. <\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada20<\/p>\n
Member PROFILE<\/p>\n
From appraiser to assessor<\/p>\n
year and a half ago, after perform-
\ning appraisals for Revenue Canada
\nfor almost 20 years, Rob Kotchon, <\/p>\n
AACI, assumed the position of City Assessment
\nCoordinator for the City of Red Deer, Alberta. \u201cI
\nwanted to try something different,\u201d he explains. <\/p>\n
Kotchon eagerly embraced his new role
\noverseeing the assessment of all non-residential
\nproperties in the City of Red Deer. While he
\nexpected the shift to be a challenge \u2013 and it was
\n\u2013 he was also pleased to find that, in perform-
\ning assessments, he could rely on a solid base of
\nknowledge he had acquired as an appraiser. <\/p>\n
Over the years, his work in Revenue Canada\u2019s
\nreal estate division had involved all types of
\nproperties throughout southern Alberta, including
\ncommercial, industrial and residential real estate
\nin both rural and urban settings. The knowledge
\nacquired through this exposure to such a wide
\ngamut of properties is proving to be invaluable in
\nhis new position.<\/p>\n
At the same time, Kotchon is finding many
\nsimilarities between assessment and appraisal
\nwork. \u201cYou are still looking at the characteristics of
\na property and how it compares to other proper-
\nties in the same market,\u201d he explains. \u201cFactors
\nstill include improvements, the pros and cons of
\nlocation, etc. You are still dealing with owners or
\ntenants. The basic background information gather-
\ning is still the same.\u201d<\/p>\n
But, he does acknowledge that there are dif-
\nferences between appraisal and assessment work
\nas well. Elisabeth Dubeau, CRA, agrees. As an
\nassessor with the City of Medicine Hat, she sees the
\ntwo practices as diverging applications based on
\nthe same background. \u201cBeing an assessor is quite <\/p>\n
a bit different from being an appraiser,\u201d she says,
\n\u201calthough we use the same tenants of understand-
\ning and underlying principles.\u201d <\/p>\n
It was her grasp of these very principles that
\nmade Dubeau an attractive prospect when the
\nCity of Calgary decided to digitize its condominium
\nassessment information in the late 1990s. She was
\nworking towards her CRA designation when she
\naccepted a City of Calgary job that was supposed to
\nbe an interim position, but continued well beyond
\nits original timeline. At that point, she was so close
\nto obtaining her CRA that the department felt it
\nwould be beneficial to keep her on. Then, when
\nthe City launched a market value assessments
\nproject, Dubeau was selected for the position of
\nteam leader.<\/p>\n
\u201cThe first year Calgary started using market
\nvalue in its calculations, everyone was appealing
\ntheir assessments,\u201d she recalls. On the first day in
\nher new position, Dubeau was handed the files for
\n26 cases and asked to represent the City in court. <\/p>\n
It was at this point she realized that, although
\nthere are many similarities between appraisal
\nand assessment work, there are significant
\ndifferences as well. \u201cYou have the luxury as an
\nappraiser of looking at things very minutely,\u201d she
\nexplains. \u201cAs an assessor, you have to put aside a
\nlot of those and focus more on the bigger picture.
\nYou have to treat everyone as a whole, rather
\nthan individually. Fairness and equity are the
\nbuzzwords assessors use all the time.\u201d <\/p>\n
While learning to appreciate these differ-
\nences, Dubeau also relied heavily on the knowl-
\nedge and expertise she learned as a CRA, includ-
\ning her understanding of the internal workings
\nof a building, her appreciation of what motivates <\/p>\n
A<\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada 21<\/p>\n
the marketplace, and her grasp of concepts such
\nas depreciation and site-specific versus mass
\nappraisal valuation. <\/p>\n
Kotchon found his combination of education
\nand experience to be equally helpful in preparing
\nfor the transition from appraisal to assessment
\nwork. The provincial assessors association
\nrecognized this as well. \u201cBecause I had an AACI,
\nthe Alberta Assessors\u2019 Association granted me
\nnumerous exemptions relative to courses and
\nexperience requirements,\u201d explains Kotchon. \u201cI
\nended up having to take only one general course
\nin assessment tools and legislation.\u201d<\/p>\n
Similarly, when Dubeau was hired by the
\nCity of Medicine Hat five years ago, she put to
\nuse the combined skills and knowledge of a
\nproperty assessor and a CRA, including collecting
\ndata, understanding land uses, taking informa-
\ntion off new plans and doing site inspections
\nfor condominiums, multi-family homes, mobile
\nhomes, farmland and vacant land. She points out
\nthat she finds her appraisal background to be of
\nparticular advantage in her work. <\/p>\n
\u201cAs an assessor, you have this wide range of
\nknowledge that is difficult to present in a way that
\nthe typical taxpayer will understand,\u201d she explains,
\nadding that, when taxpayers come in to challenge
\nan assessment, it is important to treat them with
\ncompassion and empathy. \u201cThat is when I put on
\nmy appraiser hat to see it from their point of view
\nand as an appraiser would.\u201d Having gone through
\nthis process with them, she then finds it easier to
\nmove on to explaining the assessor\u2019s point of view
\nand the need to be fair and equitable in compari-
\nson with other properties.<\/p>\n
This straddling of perspectives is equally
\nimportant when Dubeau and Kotchon represent
\ntheir respective municipalities at the Assess-
\nment Review Board. It plays an important role in
\nequipping the assessors to deal with a potentially
\nconfrontational situation. <\/p>\n
Kotchon finds that his experience as an expert
\nwitness representing his former employer (Rev-
\nenue Canada) in the tax court of Canada has also
\nbeen useful. \u201cYou not only have to come up with
\na value, but make sure it is defendable in a court
\nproceeding,\u201d he notes. This applies not only to
\nKotchon, but also to the two assessors who work
\nunder him and to those working in the residential
\nsector. Each assessor gets a turn at going into
\ncourt. The more experienced assessors get the
\ncomplex cases, while the less complex cases are
\nused as an opportunity to ease new assessors
\ninto this aspect of the job.<\/p>\n
At the time Kotchon was hired, the City of
\nRed Deer also hired another AACI who was a
\nformer fee appraiser. \u201cShe is working with me
\nand I am helping her make the transition to the
\npublic sector,\u201d he says. \u201cIt is always more of an
\nadaptation for a fee appraiser, however, I think
\nshe is really enjoying it.\u201d<\/p>\n
One adjustment that both AACIs have shared
\nis the need to think about current value rather
\nthan value at a fixed point in the past. \u201cWhen I
\nwas with Revenue Canada, I was working mainly
\nin the past,\u201d confirms Kotchon. \u201cIt is very differ-
\nent dealing with historical information where
\nyou know exactly what happened in the market.
\nWith assessments, you are always looking at
\nwhat is happening in the current market and
\ntrying to anticipate the future.\u201d<\/p>\n
Equipping appraisers to appreciate the differ-
\nences between assessing and appraising is a need
\nthe Appraisal Institute of Canada has recognized as
\nappraisers are increasingly finding their way into
\nthe assessment field. \u201cWhen I was going through
\nthe designation process, there was no talk of the
\nassessment portion of valuation,\u201d notes Kotchon.
\n\u201cThat is now being addressed in order to give
\nAACIs an even more well-rounded education.\u201d<\/p>\n
He adds that this move comes at a time when
\nthere will likely be more opportunities than ever <\/p>\n
for appraisers to find work in the assessment
\nfield. \u201cA lot of experienced people are retiring,\u201d
\nhe says. \u201cI think there are significant opportun-
\nities available to Candidate students who are
\nlooking at a career in the valuation profession.\u201d <\/p>\n
In the year and a half that he has been in his
\nnew position, a number of his colleagues have
\nmoved on to higher positions with the City of
\nLethbridge, which has left several openings in
\nRed Deer. In the last six months, Red Deer has
\nhired two new assessors, including another
\nformer fee appraiser with a background in
\nresidential valuation. <\/p>\n
In Dubeau\u2019s Medicine Hat assessment
\ndepartment, five of the 12 assessors \u2013 including
\nDubeau herself \u2013 will be retiring over the next
\ntwo years. \u201cI am sure other jurisdictions are in the
\nsame situation,\u201d she says. <\/p>\n
Assessment departments in these municipal-
\nities will soon be looking for employees with
\na solid understanding of valuation. Although
\nappraisers have the necessary precepts, they
\ncan further prepare for entering this field by
\nfamiliarizing themselves with the legislation
\nthat governs assessments in a particular juris-
\ndiction. Strong interpersonal communication
\nskills are also important in the assessment
\nprofession as interaction with taxpayers is
\nalmost always a part of the job.<\/p>\n
Kotchon notes that because of their com-
\nprehensive education and training, appraisers
\nare well placed to consider assessment as
\na career option. \u201cIf you have an open mind
\nand an appraisal background, it is not a big
\nstretch to educate yourself in the assessment
\nside of things,\u201d he says. One has to look no
\nfurther than Kotchon and Dubeau to see this
\nreality in action. For these appraisers \u2013 and
\nmany others \u2013 the assessment field is proving
\nto be an attractive way to pursue a career in
\nvaluation. <\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada22<\/p>\n
Volunteer RECOGNITION<\/p>\n
Commitment and dedication…
\n the keys to our success<\/p>\n
The Appraisal Institute of Canada (AIC) has many determined <\/p>\n
a nd de dica te d volu ntee r s who ma ke the work of the <\/p>\n
Institute possible and help move the profession forward in <\/p>\n
progressive and fundamental ways. Despite being under <\/p>\n
heavy commitments both professionally and personally, <\/p>\n
AIC members continue to serve in countless ways. For this <\/p>\n
issue of Canadian Property Valuation , we interviewed <\/p>\n
AIC member, Duane Bates, AACI from Abbotsford, BC.<\/p>\n
Duane Bates, AACI is one of the many volunteers helping the Appraisal
\nInstitute of Canada (AIC) to thrive as a professional association. While
\nDuane was still a Candidate, a 2003 invitation from a member of his AIC
\nchapter executive to attend the local meeting marked the start of his vol-
\nunteer involvement with the Institute. As Duane remembers of that meet-
\ning, \u201cLittle did I know that this was an AGM, and, when the time came
\nfor nominations to the chapter executive, I was nominated. I decided to
\nlet my name stand and ended up joining the executive by acclamation.
\nAt that point, Duane was in his seventh year with BC Assessment, and
\nhe had been an appraisal supervisor for two years. In June of 2004, he
\nachieved his AACI designation and, in late 2007, he joined the AIC-BC
\nAssociation Board of Directors and continues to represent his chapter on
\nthe BC provincial board.<\/p>\n
Duane Bates understands
\nthe value of volunteering<\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada 23<\/p>\n
Commitment and dedication…
\n the keys to our success<\/p>\n
Duane is also an active national volunteer. In 2007, he joined a
\nsub-committee of the Learning Advisory Committee (LAC) that was
\noverseeing the newly-developed Applied Experience (AE) Program.
\nIn the spring of 2010, the AIC Board changed that sub-committee to
\na standing committee, and Duane was appointed as the first Applied
\nExperience Committee Chair. <\/p>\n
As with all volunteers, Duane acknowledges the difficulty in balanc-
\ning work, family, and volunteer commitments. But, despite this, he says
\n\u201cmost things in life worth doing have some level of difficulty attached
\nto them and require commitment. I found that the more time I invested
\nvolunteering with AIC the more rewarding it became. Interacting with
\nmembers from other parts of the province and country helps a person
\nbuild perspective on the issues faced by others in our profession. \u201c <\/p>\n
Duane goes on to add: \u201cI did not realize how important volunteers
\nare to the operation of a national organization like AIC until I became
\ninvolved. It is clear that, without the commitment of a large number
\nof volunteers, our Institute would cease to function. I feel it is the duty
\nof each member to reinvest back into his or her profession through
\nsome level of volunteer work. Whether it is at the chapter, provincial,
\nor national levels, the future success of our profession depends on the
\ninvolvement and contributions of our members.\u201d<\/p>\n
Duane feels he has gained as much from his volunteering as he
\nhas given and notes that \u201cit has allowed me to develop a network of
\ncontacts that have proven beneficial when I am in need of advice on a
\nparticular issue. Volunteering with AIC allows me to step up and par-
\nticipate in finding solutions to the challenges our profession is facing.
\nMy current role with BC Assessment focuses primarily on managing
\na group of 25 appraisers and administrative staff. I rarely get directly
\ninvolved in valuation work. However, through my volunteer work with
\nAIC, I am able to stay connected to the diverse range of AIC members
\nworking in different parts of the country and handling a variety of
\nvaluation assignments.\u201d<\/p>\n
Duane encourages newer members to volunteer because \u201cthe
\nopportunity to network with other members in the profession is one of
\nthe greatest benefits to volunteering. Peer to peer learning is regarded
\nas one of the most effective ways to develop your knowledge base.
\nVolunteering to work with experienced members on a committee or
\nany other collaborative group structure exposes a new member to a
\nwealth of knowledge and expertise upon which they can draw.\u201d He
\nalso assures newer members that their contributions will be valued.
\n\u201cSomeone new to the profession will bring different points of view <\/p>\n
and fresh ideas to any issue on which they focus. Their input is critical to
\nensuring that the best possible decisions are made for all members.\u201d <\/p>\n
Duane talks about how the association needs volunteers at all points
\nin their careers. \u201cI see a bright future for appraisers. New members bring
\nfresh ideas and enthusiasm to their work. They are the future and we need
\nthem to play an active role in the planning and decision-making process.
\nHowever, for those new members to be successful, our experienced, long-
\nstanding members need to take the time to share their knowledge and
\nexperience (mentorship). Whether you have been an AIC member for 30
\nyears or a couple of months, you can have an impact on the success and
\nreputation of our profession. As with any profession, there will be good
\ntimes and bad, but, if we all get involved, share ideas, work together, and
\ntrust each other, there is every reason to believe that AIC and its members
\ncan continue to thrive and succeed. I have been proud to work with such a
\ndedicated group of volunteers at all levels of the Institute. The hard work
\nand commitment they demonstrate is truly inspiring.\u201c <\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada24 Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada24<\/p>\n
n the last issue of Canadian Property Valuation,
\nKeith Goodwin, AACI, Fellow described why
\nour Appraisal Institute of Canada (AIC) needs <\/p>\n
to be at the international table, actively participating
\nin relevant international valuation organizations
\nlike WAVO (World Association of Valuation
\nOrganisations) and IVSC (International Valuations
\nStandards Committee). I wholeheartedly concur
\nwith Keith; by actively participating and\/or providing
\nleadership in these relevant global initiatives, we are
\ncreating a greater value to the AIC as a whole and to
\neach member by extension. <\/p>\n
I want to focus on one statement in his
\narticle: \u201cThe continued strengthening and forging
\nof international relationships through membership
\nin individual organizations, but also by direct
\ninvolvement with individual organizations, provides
\nAIC with many different opportunities.\u201d This article
\nfocuses on how this statement could bring benefit
\nto you as opposed to AIC as a whole. <\/p>\n
Each of us has a responsibility for our own
\ncontinuing professional development. As an
\nassociation, we have developed the minimum
\ncriteria that define the mandatory continuing
\nprofessional development (CPD) program, but
\nour CPD program is truly flexible and allows a
\ngreat deal of individual choice. Given both the
\nneed for and flexibility of continuing professional <\/p>\n
Professional Development Opportunities<\/p>\n
development, why not consider the benefits of
\nmixing business and pleasure by planning for
\nyour direct involvement in another valuation
\norganization\u2019s event? <\/p>\n
Over the past five years, I have been planning
\nand organizing my own international valuation
\nsymposiums on behalf of the International Property <\/p>\n
Tax Institute (IPTI). I suppose this can be viewed
\nas the ultimate flexibility in defining my individual
\nchoices in what I want to learn. Do not get me
\nwrong, I am not suggesting that each of you should
\nstart planning conferences. What I am suggesting, as
\ndid Keith in his article, is that you explore the option
\nof taking advantage of the international partnerships
\nthat the AIC is currently forging and become directly
\ninvolved in what they have to offer. <\/p>\n
The first three valuation symposiums I
\nplanned were held in Canada and each attracted
\ninternational participation. In addition to IPTI, I
\nwas able to draw on support from the University
\nof British Columbia (UBC), AIC, the Real Estate
\nInstitute of BC, MPAC, and PWGSC. As a Canadian
\nand a member of the AIC, I found it rewarding to
\nknow that the world really does want and need a
\nlittle more of what we Canadians have to offer. As
\na valuer and a participant, I was equally rewarded
\nby discovering that Canadians also have much to
\nlearn from the experiences of others. Perhaps the
\nmost important lesson I learned from these first
\nthree was the demand for international knowledge
\nsharing. As a result, I was able to find partners for
\nsuccessful events that were held in South Africa
\nand Hong Kong. <\/p>\n
My own development at these events went
\nwell beyond the university campuses where <\/p>\n
INTERNATIONAL
\nBy Charles Johnstone, AACI<\/p>\n
Charles Johnstone waiting for the Hong Kong
\nSymposium to begin.<\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada 25Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada 25<\/p>\n
Professional Development Opportunities<\/p>\n
they were held. For instance, my son and I had
\na firsthand opportunity to consider the value of
\n\u201cspotting the Big 5\u201d (i.e., lion, elephant, leopard,
\nrhino and cape buffalo) at Kruger National Park in
\nSouth Africa. I also had the opportunity to meet
\nwith the directors of the South African Council
\nfor the Property Valuation Profession to discuss
\ncommon challenges to our profession. Personally,
\nI achieved and learned far more than the my
\nrecorded 13 CPD credits would indicate. <\/p>\n
This past year in Hong Kong, I had the
\nopportunity to network with, as well as listen
\nto, presentations from members of our WAVO
\nsister organizations from Australia, Hong Kong
\nand Singapore. Did you know that we have AACIs
\nworking for the assessment department (RVD) in
\nHong Kong? <\/p>\n
It was interesting and I suppose somewhat
\nreassuring to learn that these senior volunteers in
\nour sister organizations are facing similar changes
\nand challenges as we are at the AIC. Common
\ntopics were: the market place shift from single
\nproperty appraisals to mass appraisals for lending
\npurposes; the need to set high educational and
\nprofessional standards to distinguish valuation
\nas a profession; and, the need for international <\/p>\n
My Dad and I at the Dragon Boat Races with the
\nHong Kong Institute of Surveryors.<\/p>\n
Charles Johnstone; an unknown clown; Philip Western,
\nAPI; and Tom Johnstone, AACI \u2013 Honorary, clowning
\naround with friends and family.<\/p>\n
Charles Johnstone, AACI, is Chair of AIC\u2019s
\nProfessional Qualifications and Competency
\nCommittee. He is a managing director at AEC
\nInternational, a Canadian consulting firm that
\nspecializes in property assessment and property
\ntax management<\/p>\n
partnerships, such as WAVO, to not only allow for
\nthe portability of members and their designations,
\nbut also to show the international relevance and
\ncredibility of the designation back home. An
\nadditional common opportunity identified from
\nthis group is the high ethical standards that we
\nset for membership. These high ethical standards
\nare a critical component of the services that we
\noffer as professionals and are especially relevant in
\ndeveloping economies where this shared value may
\nnot be self-evident. Once again, the satisfaction,
\nlearning and professional development obtained at
\nthis international symposium was far greater than
\nindicated by the 15 CPD credits I recorded. <\/p>\n
At a recent Credit Valley chapter meeting, one
\nof our members was relaying the learning and
\ndevelopment that he had obtained by attending
\nWorld Valuation Congress (WVC) events held over
\nthe past 25 years; of the 11 that were held, only one
\nwas hosted in Canada. Professor Phillip White of UBC
\nwas well ahead of his time in identifying the need for
\nestablishing international valuation organizations like
\nthe WVC. Although the WVC appears to be no longer
\nactive, the groundwork was laid and, in many ways,
\norganizations like WAVO and IPTI are fulfilling and
\nredefining the gap that was left in the provision of
\ninternational professional development opportunities
\nfor valuers. <\/p>\n
The next time you consider your continuing
\nprofessional development, why not approach it a
\nlittle differently? Rather than looking at it as credits
\nthat AIC expects you to achieve, look at it for the
\nopportunity that it really represents over the five-
\nyear cycle. Take the time to look at the websites of
\nour sister organizations and other related institutes
\nand review the conferences and symposiums that
\nthey offer. <\/p>\n
Consider how wrapping some family time or
\na personal goal around one of these professional
\ndevelopment offerings could bring additional
\nbenefits. Maybe then some of the credits that
\nyou record on the website will be more than just
\nnumbers. By planning ahead to mix business with
\npleasure, your CPD record can represent acquiring
\nmemories, experiences and learning far beyond the
\nhours entered. <\/p>\n
By planning ahead to mix
\nbusiness with pleasure, your
\nCPD record can represent <\/p>\n
acquiring memories,
\nexperiences and learning far
\nbeyond the hours entered.<\/p>\n
\u201c
\n\u201d<\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada26<\/p>\n
Evolving the AIC brand<\/p>\n
he Appraisal Institute of Canada\u2019s (AIC\u2019s)
\nMarketing Plan includes numerous
\nprograms, media relations, public relations, <\/p>\n
promotion and advertising. A large percentage of
\nthe marketing budget is allocated to advertising.
\nWith all of the advertising media available these
\ndays, and with clients\/consumers being open to
\nreceive just about any type of message, advertisers
\nmust determine which medium best achieves their
\nadvertising objectives. <\/p>\n
Annually, the Institute\u2019s advertising objectives,
\ntarget audiences and messaging are reviewed by the
\nMarketing & Communications Committee. Changes
\nare made to reflect the changing marketplace.
\nDuring the recent review in July\/August, the decision
\nto advertise on The Weather Network was
\nconsidered a strategically sound one for the
\nAIC. National exposure on Canada\u2019s only English
\nspecialty channel devoted to weather is a high
\nimpact addition to the existing media plan, and a
\nsolid \u2018fit\u2019 with the communications roadmap set
\nby AIC with the launch of the new brand in 2008. <\/p>\n
The Weather Network presents an oppor-
\ntunity for a dual platform communications
\nstrategy \u2013 a brand awareness drive on national <\/p>\n
TV, supported by a complementary recruitment
\ninitiative using the online Weather Network with
\na call to action driving traffic drive to aicanada.ca
\n(English and French via M\u00e9t\u00e9oM\u00e9dia).<\/p>\n
Moving into a new medium with a nation-
\nally recognized media partner illustrates the
\nmarketing and communications momentum
\nthat the AIC has consistently demonstrated
\nsince the launch of the new brand in 2008;
\nmeeting business and communications objec-
\ntives with a savvy allocation of marketing dol-
\nlars by spending \u2018smart\u2019 and finding new and
\ncost effective ways to promote the Institute. <\/p>\n
At the outset, in order to grow brand
\nawareness, it was critical to reach the Institute\u2019s
\ntargeted audiences \u2013 speak to those who already
\nknow AIC. It is these individuals who have
\nbecome brand ambassadors for the Institute.
\nCommunications to existing audience is direct
\nand targeted to specific segments, and it lends
\nitself well to the print\/trade publication media.<\/p>\n
In order to reach new audiences and grow
\nbrand awareness, it was important for AIC
\nto continue to find new and exciting ways to
\nengage new and mass audiences \u2013 strategi-<\/p>\n
cally, it was the right
\ntime to introduce the
\nWeather Network to
\nAIC\u2019s media plan. AIC
\nstrategically selected
\nthe months of October
\nand February 2011. <\/p>\n
Exposure of the
\nbrand message on
\nnational TV sends a
\nmessage that the AIC
\nis gaining momentum.
\nThis is helpful in illus-
\ntrating value to existing <\/p>\n
members and implies a level of sophistication
\nto a mass audience. <\/p>\n
National exposure on The Weather Network
\nfor AIC\u2019s brand message supports both business
\nand communications objectives. The medium
\npositions AIC well to achieve the business
\nobjectives of promoting the Institute and its
\nmembers and to develop mutually beneficial
\npartnerships in the business community. It also
\nanswers a key communications objective to \u2018be
\nvisible\u2019 in order to grow brand awareness. <\/p>\n
Going from print advertising to online advertising
\nhas seen a strong shift this year. Online advertis-
\ning is experiencing phenomenal growth. AIC has
\nmaximized this shift as the majority of AIC\u2019s print
\nadvertisers are incorporating AIC\u2019s online ads on
\ntheir websites, for a nominal additional cost and
\nsubstantial increased reach. <\/p>\n
There are also numerous additional options to
\nproducing lower cost advertising which extends
\nthe print ads. Social networking including Face-
\nbook, Twitter and You Tube are all options that AIC
\nhas adopted as part of its marketing strategy.<\/p>\n
It is noteworthy that AIC has already maximized
\nadditional trends expected for 2011 which include:
\n\u2022\t continued\tuse\tof\tsocial\tnetworking,\tand
\n\u2022\t using\temployees\tas\tpitch\tpersons.
\nThe development of the corporate image library
\nhas enabled us to feature numerous AICmembers
\nin all of our print ads and on the covers of the
\nDesignated Member Source Guide, the Annual
\nReport, and Canadian Property Valuation magazine,
\nincluding incorporating them into the magazine. <\/p>\n
The additional benefit of the diverse range of
\nmembers that participated in this project from vari-
\nous provinces is that these images are also available
\nfor provincial marketing initiatives, i.e., provincial
\nweb pages being created by AIC, provincial ads and
\ncollateral material. <\/p>\n
T
\nJoanne Charlebois <\/p>\n
Director Marketing & Communications<\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada28<\/p>\n
By Lora Wylie, CRA
\nMember, Marketing & Communications Committee<\/p>\n
What are the benefits of a
\nprofessional designation?<\/p>\n
Marketing and Communications<\/p>\n
n today\u2019s rapidly changing and increasingly
\ncompetitive workplace, distinguishing
\nyourself from the competition can be chal-<\/p>\n
lenging to say the least. How can you illustrate
\nyour professionalism, your advanced level of skill
\nand experience? Through certification, which will
\nenhance your professional influence, credibility
\nand effectiveness within the profession and the
\nAppraisal Institute of Canada (AIC) organization. <\/p>\n
Since its inception in 1938,\u00a0the AIC has
\nbeen entrusted with the advancement of our
\nprofession within the Canadian business com-
\nmunity.\u00a0Substantial progress has been made in
\nthat direction, to the current date where 4242
\nmembers are registered with the Institute.\u00a0Of
\nthese, 39% are AACIs, 30% are CRAs, and 29%
\nare Candidates. <\/p>\n
The path to designation provides much
\nmore than an education; it exposes you to
\nexperience, networking opportunities and
\nenhances your ability to communicate. These
\nimportant tools assist you in staying current
\nwithin an ever-changing industry.<\/p>\n
Designated appraisers are held to higher
\nstandards, given the rigorous educational
\nand ethical backgrounds required to earn the
\naccreditation. We achieve our professional status
\nwhen we earn the AACI or CRA designation after
\na structured regimen of candidacy within the
\nInstitute\u2019s educational program in professional
\nstudies, examination and experience. <\/p>\n
Being an accredited member of the AIC
\nensures that we maintain a lifelong learning
\nexperience during our careers by means of a
\nmandatory continuing professional develop-
\nment program. <\/p>\n
If you are working toward your designation,
\nbe proud, as it says to potential employers and <\/p>\n
clients that you are not satisfied with the status
\nquo and demonstrates your competence and
\ncommitment through designation. While you
\ncertainly do not NEED a designation to be a
\ngreat appraiser, it does provide an independent
\nvalidation of your skills. <\/p>\n
I became a CRA under the guidance of the
\nAIC in order to acquire the skills, knowledge,
\nvalues and tools needed to provide professional
\nservices expected by my current and prospec-
\ntive clients. Joining the AIC and obtaining my
\nCRA designation has enriched me immensely
\nthrough growth and friendship, as well as skill
\nand experience. I acquired my designation,
\nbut, equally as important, I have developed
\nstrong networking relationships with apprais-
\ners throughout the country that would not
\nhave been possible otherwise. These bonds
\nhave helped me become a better appraiser….
\nand yes, they have also enhanced my business
\nsuccess. I personally feel one of the serious <\/p>\n
threats to our industry is fragmentation. Sole
\nproprietorship has its benefits, but, as profes-
\nsionals, we need to interact and learn from
\neach other. Isolation can lead to stagnation.
\nThe AIC provides that vehicle for continued
\nlearning, networking and growth. <\/p>\n
One of the comments I often hear is that the
\nAIC lacks leverage and influence. Many com-
\nplain, but few act. I would say to all appraisers…
\nGET INVOLVED. We are facing a critical juncture
\nwithin our profession and \u2018the times….they are
\na changing.\u2019 We need to be involved and offer
\nour time to assure our profession is prepared for
\nthose changes.<\/p>\n
I believe we need to keep our partnership
\nwith AIC active with our input and to grow with
\nthe profession. If you are working toward your
\ndesignation, it is a journey you will not regret,
\nas you watch the benefits continue to evolve
\nand multiply throughout the life of your career.
\nIf you have your AIC designation, I hope you are
\nas proud of it as I am \u2013 it identifies you as a real
\nproperty expert. <\/p>\n
Marketing & Communications
\nCommittee
\nBeverley Girvan, AACI \u2013 Chair
\nJoanne Hayes, AACI
\nKathleen Ellis, AACI
\nLora Wylie, CRA
\nLaura Kemp, Candidate
\nDavid Babineau, AACI, Fellow
\nTo contact this committee, email:
\ncommunications@aicanada.ca<\/p>\n
I \u201cThe path to
\ndesignation provides <\/p>\n
much more than
\nan education; it
\nexposes you to <\/p>\n
experience, networking
\nopportunities and <\/p>\n
enhances your ability to
\ncommunicate.\u201d<\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada30<\/p>\n
Legal NEWS & VIEWS
\nBy Mark R. Frederick, LL.B., Miller Thomson LLP <\/p>\n
(with assistance by Denis Rivard of Centra Claims Management)<\/p>\n
\u201cAn expert is one who knows more and more
\nabout less and less.\u201d<\/p>\n
\u2013 Nicholas Murray Butler<\/p>\n
Appraisers as experts
\nBy nature, appraisers are experts on a number
\nof topics. Every appraisal then is an expert
\nreport. Many appraisers make a decent living on
\nproviding evidence in Canadian courts. Recently,
\nOntario has changed its Rules of Civil Procedure to
\nprovide for the more complicated and particular
\nrole of experts in litigation matters. Appraisers
\nshould be aware of what the new rules provide,
\nas their testimony will be governed by them.
\nWhile this article largely pertains to the law of
\nOntario and experts, it has relevance in the other
\ncommon law provinces of Canada as well as in
\nQuebec, as the law sets out basic standards that
\nshould be employed by appraisers in their work.<\/p>\n
Ontario Rules
\nNew Rules pertaining to civil procedure and
\nexperts came into effect in Ontario on January
\n1, 2010.
\nRule 4 provides:<\/p>\n
4.1.01 (1)\u00a0It is the duty of every expert
\nengaged by or on behalf of a party to
\nprovide evidence in relation to a proceeding
\nunder these rules,<\/p>\n
(a) to provide opinion evidence that is fair,
\nobjective and non-partisan;<\/p>\n
(b) to provide opinion evidence that is
\nrelated only to matters that are within the
\nexpert\u2019s area of expertise; and<\/p>\n
(c) to provide such additional assistance
\nas the court may reasonably require to
\ndetermine a matter in issue. <\/p>\n
(2)\u00a0\u00a0The duty in subrule (1) prevails over any
\nobligation owed by the expert to the party <\/p>\n
Updates on being
\nan expert witness (Part I)<\/p>\n
by whom or on whose behalf he or she is
\nengaged. <\/p>\n
The minimum content of a report is provided by
\nRule 53:<\/p>\n
53.03(2.1)\u00a0A report provided for the
\npurposes of subrule (1) or (2) shall contain
\nthe following information:<\/p>\n
1. The expert\u2019s name, address and area of
\nexpertise.<\/p>\n
2. The expert\u2019s qualifications and employ-
\nment and educational experiences in his or
\nher area of expertise.<\/p>\n
3. The instructions provided to the expert in <\/p>\n
relation to the proceeding.
\n4. The expert\u2019s opinion respecting each issue <\/p>\n
and, where there is a range of opinions
\ngiven, a summary of the range and the
\nreasons for the expert\u2019s own opinion within
\nthat range.<\/p>\n
5. The nature of the opinion being sought and
\neach issue in the proceeding to which the
\nopinion relates.<\/p>\n
6. The expert\u2019s reasons for his or her opinion,
\nincluding,<\/p>\n
1. a description of the factual assump-
\ntions on which the opinion is based,<\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada 31<\/p>\n
By Mark R. Frederick, LL.B., Miller Thomson LLP
\n(with assistance by Denis Rivard of Centra Claims Management)<\/p>\n
2. a description of any research con-
\nducted by the expert that led him or
\nher to form the opinion, and<\/p>\n
3. a list of every document, if any, relied
\non by the expert in forming the
\nopinion.<\/p>\n
7. An acknowledgement of expert\u2019s duty
\n(Form 53) signed by the expert.<\/p>\n
An expert is restricted as to what he or she can
\ntestify to under Rule 53 which provides:
\n(3)\u00a0An expert witness may not testify with respect <\/p>\n
to an issue, except with leave of the trial judge,
\nunless the substance of his or her testimony
\nwith respect to that issue is set out in,<\/p>\n
(a) a report served under this rule; or
\n(b) a supplementary report served on <\/p>\n
every other party to the action not
\nless than 30 days before the com-
\nmencement of the trial.<\/p>\n
Judges\u2019 impressions and impressing the
\njudge \u2013 the function of the expert
\n\u201cI am not aware that the expert is an expert in
\nlogic, and I do not understand that the expert has
\na corner on the market of what conclusions are
\nlogical and which are not.\u201d <\/p>\n
\u2013 Justice Osborn
\n\u201cThe function of the expert witness is to <\/p>\n
provide for the judges, and sometimes the jury,
\n\u2022\t an\topinion\tas\tto\tthe\tsignificance\tof,\tor\tthe\tinfer-<\/p>\n
ence which may be drawn from,
\n\u2022\t proved\tfacts,
\n\u2022\t in\ta\tfield\tin\twhich\tthe\texpert\tpossesses\tspecial\t<\/p>\n
knowledge and experience,
\n\u2022\t going\tbeyond\tthat\tof\tthe\ttrier\tof\tfact.\u201d
\n(M. F. Harrington \u2018Expert Witnesses: The Good,
\nThe Bad and The Ugly\u2019 (Canadian College of
\nConstruction Lawyers 6th Annual Conference:
\nMay 29, 2003))<\/p>\n
The Supreme Court of Canada has provided
\nthat courts should only allow an expert to provide
\nopinion evidence where the evidence is advanced
\nwith respect to matters that are beyond the
\ncommon understanding of the judge or jury.<\/p>\n
\u201cAn expert\u2019s function is precisely this: to provide
\nthe judge and jury with a ready-made inference
\nwhich the judge and jury, due to the technical
\nnature of the facts, are unable to formulate\u201d \u2026<\/p>\n
The expert should be \u201ca neutral observer who <\/p>\n
guides judges and juries through complicated <\/p>\n
evidence so that they can draw their own
\nconclusions about the issues at hand.\u201d (Justice
\nDickson in R. v. Abbey)<\/p>\n
For more on expert witnesses, read Part 2 of this
\narticle in Volume 55, Book 1, 2011 of Canadian
\nProperty Valuation magazine. <\/p>\n
WE\u2019RE THERE<\/p>\n
PROPERTY TAX
\nVALUATION<\/p>\n
IFRS
\nCONSULTING<\/p>\n
ADVISORY<\/p>\n
When you need the most sophisticated advice
\nregarding your real estate holdings for the
\ntransition to IFRS, only one consultancy has
\nthe technical expertise and unrivalled global
\nplatform to respond.<\/p>\n
With valuation professionals in 90 offices
\nacross the globe, including Montreal, Ottawa,
\nToronto, London, Calgary, Edmonton and
\nVancouver, Cushman & Wakefield
\nValuation & Advisory group has Regional,
\nNational and Global insight. <\/p>\n
Our clients and professionals benefit from
\naccess to the latest technology and resources,
\nenabling us to deliver in-depth appraisals and
\nvaluations with insightful market commentary
\non time and within budget. We\u2019re There.<\/p>\n
Sheila Botting
\nExecutive Managing Director Canada
\n416.359.2378
\nSheila.Botting@ca.cushwake.com<\/p>\n
www.cushmanwakefield.com\/valuation<\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada32<\/p>\n
Introducing the Applied
\nExperience Committee<\/p>\n
Applied Experience<\/p>\n
he Appraisal Institute of Canada\u2019s (AIC\u2019s)
\nApplied Experience Committee (AEC)
\nbecame a standing committee of the <\/p>\n
AIC Board of Directors in June 2010. The purpose
\nof the AEC is to advise\u00a0the Board on all matters
\nregarding the Applied Experience and Mentor-
\ning programs for the Institute\u2019s AACI and CRA
\ndesignations. Currently, the AEC is comprised
\nof two AACIs, two CRAs, a Candidate member,
\na representative from the University of British
\nColumbia (UBC), a provincial affiliate liaison and
\na Board liaison, with cross Canada representation
\nfrom Nova Scotia to British Columbia. <\/p>\n
As a new standing committee, we would like
\nto inform members of some of the responsibili-
\nties of the AEC, as well as the steps Candidates
\nare required to take to complete the Applied
\nExperience program (AEP). <\/p>\n
What are the responsibilities of the AEC?
\nThe AEC\u2019s responsibilities are to propose policies
\nand initiatives with respect to:
\n\u2022\t all\taspects\tof\tthe\tAEP\tincluding:<\/p>\n
\u2022\tApplied\tExperience\texamination\t(AE\texam):
\n – exam questions
\n – exam reviewers<\/p>\n
By April Green, AACI
\nMember, Applied Experience Committee<\/p>\n
\u2022\tProfessional\tcompetency\tinterview:
\n – training for interviewers
\n – questions
\n – consistency <\/p>\n
\u2022\t\t Website\tresources\trelated\tto\tAEP
\n\u2022\t\t The\tAIC\tMentoring\tprogram:<\/p>\n
\u2022\tmentor\ttraining\tprogram
\n\u2022\tperformance\tmeasurements\tof\tthe <\/p>\n
mentor and mentee
\n\u2022\t Availability\tof\tmentors<\/p>\n
What are the steps to
\ncomplete the AEP program?
\n1. Formal enrolment in the AEP takes place through <\/p>\n
an application filed with the Candidate\u2019s pro-
\nvincial affiliate office. This includes submission
\nof a written plan to complete the experience
\nrequirements in a working environment that
\npromotes the acquisition of critical professional
\ncompetencies under the guidance of a mentor.
\nThe plan should demonstrate how the Candidate
\nwill achieve breadth and depth of experience in
\nthe application of the First Principles of Value in
\nvaried and increasingly complex assignments
\nand must include written confirmation of the
\nmentor\u2019s commitment to the program. <\/p>\n
T<\/p>\n
Applied Experience Committee
\nDuane Bates, AACI \u2013 Chair
\nTroy Davidson, CRA
\nSusan McRury, CRA
\nApril Green, AACI
\nTyler Beatty, Candidate
\nJohn Bridal, UBC
\nSuzanne Teal, ED, AIC \u2013 AB
\nKimberly Maber, AACI \u2013 Board Liaison
\nTo contact this committee, email:
\naec@aicanada.ca<\/p>\n
2. Completion of a minimum of one year of
\nmentored experience within the last two
\nyears preceding the application of sitting
\nthe CRA designation AE exam, or a mini-
\nmum of two years within the last four years
\npreceding the application of sitting the AACI
\ndesignation AE exam <\/p>\n
3. Application for designation, including the final
\nreport on the mentored experience and the
\ncertification of readiness by the mentor, along
\nwith documentation supporting completion of
\neducation and curriculum requirements.<\/p>\n
4. Successful completion of the written AE exam
\nand the professional competency interview.<\/p>\n
The AEC recently met in Ottawa and is currently
\nworking on a number of initiatives with respect
\nto the AEP and Mentoring program. <\/p>\n
\u201cThe purpose of the AEC is to advise\u00a0the Board on
\nall matters regarding the Applied Experience and
\nMentoring programs for the Institute\u2019s AACI and <\/p>\n
CRA designations.\u201d<\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada 33<\/p>\n
\u201cThe only things worth learning are the things
\nyou learn after you know it all.\u201d <\/p>\n
\u2013 Harry S. Truman<\/p>\n
If you have been engaged in this profession for a
\ndecade or more, you know what the former US
\npresident meant. Many times have I changed the
\nformat of my reports or added tools for informa-
\ntion gathering and analysis to my arsenal. <\/p>\n
Most professions in Canada now recognize
\nthat the pace of change in their disciplines
\nwarrants a proactive approach to membership
\ncontinuing education. The Appraisal Institute of
\nCanada\u2019s (AIC\u2019s) Continuing Professional Devel-
\nopment (CPD) program, though mandatory,
\nencourages all of us to make learning a lifelong or
\nat least profession-long endeavor. <\/p>\n
In 1991, the Mandatory Recertification
\nProgram (MRP) started with a five-year cycle and
\n60 or 45 recertification credits for AACIs or CRAs.
\nBack then, half had to be core valuation credits
\nand the member kept a paper log of credits
\nearned. By today\u2019s standards, the opportunity for
\ncredits was limited.<\/p>\n
In 2002, the CPD program replaced the MRP
\nwith the intent of raising the standards, while
\nbroadening the range of qualifying credits. There
\nare now three types of CPD credits available.
\nRequired credits include the 14 you earn each
\ncycle for the Professional Practice Seminar (PPS).
\n\u2018Guaranteed\u2019 credits are those sponsored by the
\nAIC, including the annual national conference
\nprogram, AIC curriculum, UBC mini-courses,
\nprovincial affiliates\u2019 courses and seminars, AIC
\ncommittees and board volunteering, as well as
\napproved mentoring, teaching or writing. Outside
\norganizations may apply for \u2018guaranteed\u2019 credits
\nfor professional development courses\/events they <\/p>\n
By Jeff Godfrey, AACI
\nMember, PQC Committee<\/p>\n
Professional Qualifications<\/p>\n
A summary of the CPD program<\/p>\n
are offering. \u2018Non- guaranteed\u2019 credits are the
\nrest, e.g., an AutoCAD course taken at the local
\ncollege, a Microsoft Excel or technical writing
\ncourse, Toastmasters training, etc. There are
\nmany opportunities for \u2018non-guaranteed\u2019 credits,
\nbut they must fall into the general categories
\nof fundamentals, specialty skills or leadership\/
\nbusiness.<\/p>\n
Members must now accumulate a minimum
\nof six credits per year and 60 over the cycle (the
\ncurrent five-year cycle ends on December 31,
\n2012). Members post their own credits, keep
\na proof of attendance, and retain a published
\ndescription of a course or event attended. Such
\ndocumentation is required, as 5% of the mem-
\nbership is audited annually. <\/p>\n
CPD policy is reviewed and developed by the
\nPQCC and approved by the national Board. Recent
\nproposed changes include the administration of
\nthe program by AIC national, instead of at the <\/p>\n
provincial level, the allowance of PPS repeats
\nwithin a single cycle (for six credits only), granting
\nof a single credit for attendance at a national or
\nprovincial AIC AGM, and minor alterations to the
\nvolunteering credit schedule and discipline word-
\ning (some or all of these may have been approved
\nby publication time). There has been talk of
\nexpanding the mini-course offerings further
\nand perhaps adding a required credit CUSPAP
\nrefresher course to each cycle.<\/p>\n
Whether we embrace continuing education
\nenthusiastically or reluctantly, most of us can rec-
\nognize its importance to our profession. Like the
\nprofession itself, the CPD program will continue
\nto evolve. The ultimate goal is to meet the needs
\nof our membership and those who rely on us by
\nencouraging us to keep learning, even after we
\nknow it all. <\/p>\n
A complete list of rules and policies can be
\nfound in the Members Section of the AIC national
\nwebsite or at:<\/p>\n
For additional information on the Continued
\nProfessional Development program, please follow
\nthe link to the AIC CPD Guidelines at http:\/\/www.
\naicanada.ca\/cmsPage.aspx?id=157 <\/p>\n
Professional Qualifications
\nand Competency Committee
\nCharles Johnstone, AACI \u2013 Chair
\nBrad Brewster, AACI
\nRoland Mayr, AACI
\nJeff Godfrey, AACI
\nAlfred Mullally, AACI
\nJanice O\u2019Brien, ED, AIC – BC
\nTo contact this committee, email:
\npqcc@aicanada.ca<\/p>\n
\u201cThe ultimate
\ngoal is to meet <\/p>\n
the needs of our
\nmembership and
\nthose who rely on
\nus by encouraging <\/p>\n
us to keep learning,
\neven after we
\nknow it all.\u201d <\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada34<\/p>\n
Sheila Young, AACI, Fellow
\nChair, Nominating Committee<\/p>\n
Nominating<\/p>\n
Volunteer skill sets
\nmake committees effective<\/p>\n
he Nominating Committee is the leader-
\nship development committee of the
\nAppraisal Institute of Canada (AIC). It <\/p>\n
helps the Institute achieve its goals, and provides
\nnetworking opportunities and personal develop-
\nment for members.<\/p>\n
AIC is blessed with many great volunteers;
\npeople who give their time to help the profes-
\nsion. Volunteers do that through a variety of
\nactivities, often sitting on national AIC com-
\nmittees. The national committees have terms
\nof reference which are approved by the Board
\nand which detail the number of members on <\/p>\n
the committee and the length of time a volun-
\nteer can serve on the committee. The terms of
\nreference are in place to provide guidance to the
\ncommittees.<\/p>\n
\u2018Volunteer Corner\u2019 is on AIC\u2019s website at
\nhttp:\/\/www.aicanada.ca\/cmsPage.aspx?id=245
\nThis section of the website lets you know the
\nknowledge and skills AIC committees require of
\ntheir members, and tells you how to submit an
\nexpression of interest. Some committees, like
\nInvestigating or Adjudicating, require expert
\nappraisers from all sectors of the profession.
\nOthers, like Learning Advisory or Marketing and <\/p>\n
T Communications, are looking for experience in course development or marketing a small busi-ness; skills that you may have developed outside
\nof your work as a valuation professional. There is
\na volunteer opportunity in AIC that fits your skills
\nand abilities and provides you with a chance to
\nnetwork and grow.<\/p>\n
In the spring, the Nominating Committee
\nreviews the expressions of interest submitted
\nby members; matching volunteers to vacancies.
\nThe Nominating Committee asks the Board to
\napprove the volunteer selections at the June
\nBoard meeting. <\/p>\n
New this year is the 360-degree evaluation.
\nCommittee members and committee chairs will
\nbe asked to evaluate the effectiveness of their
\ncommittee, to comment on their experiences,
\nand to offer suggestions for improvement. <\/p>\n
By putting yourself at the forefront of the
\nAIC\u2019s advocacy, policy initiatives and other impor-
\ntant work, you will open the door to invaluable
\nnetworking opportunities while honing your
\nleadership, teamwork and communications skills.<\/p>\n
The advantages of active AIC participation
\nare far reaching. You will not only be benefiting
\nyourself, but also your firm and the profession in
\nwhat amounts to a win-win-win arrangement
\nfor everyone involved. <\/p>\n
Nominating Committee
\nSheila Young, AACI, Fellow \u2013 Chair
\nGrant Uba, AACI
\nDan Jones, AACI
\nRobert Tipple, AACI, Fellow
\nGeorge Semine, AACI
\nGeorge Ward, AACI
\nTo contact this committee, email
\nnominating@aicanada.ca<\/p>\n
I<\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada 35<\/p>\n
The Professional
\nLiability Insurance Program<\/p>\n
Insurance<\/p>\n
t is that time of year again when Appraisal
\nInstitute of Canada (AIC) members receive
\ntheir professional liability insurance invoices <\/p>\n
for the 2011 policy year. This usually raises a lot
\nof questions from the membership about the
\ninsurance program and how it is working.<\/p>\n
The AIC\u2019s professional liability insurance pro-
\nvides members with protection against claims
\nresulting from any errors and omissions made
\nin the rendering of professional services. <\/p>\n
As defined in the policy, professional
\nservices means real estate appraisal services,
\nincluding opinions and\/or counselling which
\nmembers are qualified and authorized by the
\nInstitute to provide. This includes real property
\nappraisals and related consulting services
\nthat are defined within the Canadian Uniform
\nStandards of Professional Appraisal Practice.<\/p>\n
The insurance policy is provided by
\nTravelers Guarantee Company of Canada and
\nreinsured through First Professional Liability
\nInsurance Company, a wholly owned subsidiary
\nof the Institute. <\/p>\n
The policy provides members with up to $2
\nmillion per claim in the aggregate annually and
\nhas an annual member aggregate claim limit of
\n$20.5 million.<\/p>\n
Why mandatory
\nThe Institute\u2019s professional liability insurance
\nprogram is mandatory for all active members. The <\/p>\n
mandatory nature of the program makes it cost
\neffective and enables members to benefit from
\neconomies of scale. Moreover, as a true member
\ninsurance program, it guarantees coverage for all
\nmembers in good standing. No member in good
\nstanding can be denied insurance as is the case with
\nother types of insurance programs. The program
\nstrives to promote high quality practice standards
\nand implement effective claims prevention and
\nmanagement strategies to keep insurance costs low.<\/p>\n
Costs and claims
\nInsurance premiums are actuarially determined
\nand reflect historical and forecast claims and
\nother risk factors. In recent years, as a result of
\nthe downturn in the real estate market, both the
\nnumber and severity of claims has increased sub-
\nstantially. The multi-year trend is shown below
\nand it has had a significant negative impact on
\nthe insurance program, requiring an increase in
\ninsurance premiums to the members.<\/p>\n
The increase for 2011 has been held to an
\naverage of about 10% for all member categories. <\/p>\n
It is important to note that, notwithstanding
\nthis increase, the insurance levies in 2011 are
\nlower than they were in both 2003 and 2004. <\/p>\n
Overall, the average annual increase across all
\nmember categories has been 2.2%.<\/p>\n
For further information, please go to the
\nmembers\u2019 section of the AIC website http:\/\/
\nwww.aicanada.ca\/cmsPage.aspx?id=100 <\/p>\n
I<\/p>\n
We asked the insurance program\u2019s actuary about the program\u2019s performance:
\nWhat has been the trend over the last seven years? Claim severity has increased significantly and that is the reason why premium increases have been necessary
\nHow have the claims been distributed by member class? Claims have increased across all member classes.
\nHow does the increased number of claims in our industry compare with other professions? The amount of claims in your industry is cyclical and highly correlated
\nwith the real estate market.\u00a0Currently, your industry is hard hit by E&O claims.
\nCan we expect the premiums to go up again in the next few years? This trend will continue, unless the real estate market has a sustained recovery.<\/p>\n
Insurance Levies by Member Category
\n$3,500<\/p>\n
$3,000<\/p>\n
$2,500<\/p>\n
$2,000<\/p>\n
$1,500<\/p>\n
$1,000<\/p>\n
$500<\/p>\n
$0
\n2003 2004 2005 2006 2007 2008 2009 2010 2011<\/p>\n
AACI CRA CAN<\/p>\n
Claims and Severity by Year<\/p>\n
70<\/p>\n
60<\/p>\n
50<\/p>\n
40<\/p>\n
30<\/p>\n
20<\/p>\n
10<\/p>\n
0
\n2003 2004 2005 2006 2007 2008 2009 2010<\/p>\n
Average Claim Cost Number of Claims<\/p>\n
*2010 Data incomplete<\/p>\n
$160,000<\/p>\n
$140,000<\/p>\n
$120,000<\/p>\n
$100,000<\/p>\n
$80,000<\/p>\n
$60,000<\/p>\n
$40,000<\/p>\n
$20,000<\/p>\n
$0<\/p>\n
Cost of Claims<\/p>\n
2003 2004 2005 2006 2007 2008 2009 2010<\/p>\n
$8,000,000<\/p>\n
$7,000,000<\/p>\n
$6,000,000<\/p>\n
$5,000,000<\/p>\n
$4,000,000<\/p>\n
$3,000,000<\/p>\n
$2,000,000<\/p>\n
$1,000,000<\/p>\n
$0<\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada36<\/p>\n
Appraisal review assignments <\/p>\n
Standards<\/p>\n
he purpose of this article is to shed some
\nlight on the intent behind an appraisal
\nreview assignment. Unfortunately, there <\/p>\n
is not sufficient space in this article to cover all
\nthe rules and comments, therefore, it is strongly
\nsuggested that members involved in these
\nassignments thoroughly review CUSPAP in this
\nregard (five pages total). As a reference, Section 8
\nof CUSPAP comprises the Review Standard Rules,
\nwhereas the Review Standards Comments comprise
\nSection 9. <\/p>\n
The Review Standard Rules and Review Standard
\nComments deal with purpose and scope of the
\nassignment, clearly indicate what has to be present
\nwithin the assignment in order for the reviewer to
\nbe compliant with CUSPAP, and provide guidance
\nin the application of the process. Following are key
\nexcerpts from the Standards and Comments which
\nmay come as a surprise to many members.1<\/p>\n
8.1.2 This Standard deals with the procedures for
\nthe development and communication of a real
\nproperty appraisal review, and incorporates the
\nminimum content necessary to produce a cred-
\nible review report that is not misleading.
\nThe appraisal review determines compli-
\nance with the appraisal Standard\u2026 <\/p>\n
8.1.4 A technical review is work performed by an
\nindependent third party appraiser in accor-
\ndance with this Review Standard, of an appraisal
\nreport prepared by another appraiser for the pur-
\npose of forming an opinion as to whether
\nthe analysis, opinions and conclusions in
\nthe report under review are appropriate
\nand reasonable. The review appraiser does not
\nsign\/co-sign the appraisal report that is under
\nreview. [see 12.41]<\/p>\n
8.2.8 provide an opinion as to the completeness of
\nthe report under review within the scope of work
\napplicable in the review assignment; [see 9.5.5] <\/p>\n
8.2.9 provide an opinion as to the apparent
\nadequacy and relevance of the data and the <\/p>\n
Louis Poirier, AACI
\nMember, Standards Committee<\/p>\n
propriety of any adjustments to the data; [see 9.7]
\n 8.2.10 provide an opinion as to the appropriateness <\/p>\n
and proper application of the appraisal methods
\nand techniques used; <\/p>\n
8.2.11 provide an opinion as to whether the
\nanalyses, opinions and conclusions in the
\nreport under review are appropriate and
\nreasonable; <\/p>\n
8.2.12 provide the reasons developed for
\nany disagreement or agreement with the
\nappraisal report being reviewed; [see 12.44]<\/p>\n
The key elements here are compliance with the
\nStandards (CUSPAP), appropriateness and reason-
\nableness, and providing reasons for agreeing or
\ndisagreeing. However, there is a certain amount of
\ngray area to this point in that the Standards suggest
\na reviewer should provide an opinion on various
\nelements, but fall short of saying if the reviewer can
\nprovide an opinion on value. The reality is that many
\nappraisers are asked to review an appraisal report
\nand specifically to comment on whether or not
\nthey agree with the value or would have concluded
\nanother value. Furthermore, many members would
\nswear that you can provide an opinion of value on
\nthe basis of a review. So, let us clear that up.
\n9.4 Purpose [see 12.43]
\n 9.4.1 A review appraiser must ascertain whether <\/p>\n
the purpose of the assignment includes the
\ndevelopment of an opinion of value of the
\nsubject property of the appraisal under review. <\/p>\n
9.4.2 If the client\u2019s objective in the assign-
\nment includes the review appraiser devel-
\noping an opinion of value of the subject
\nproperty in the appraisal under review,
\nthat opinion is an appraisal whether:
\n[see 12.49] <\/p>\n
9.4.2.i. it concurs with the opinion of value in the
\nappraisal under review; <\/p>\n
\u2022\t\t at\tthe\tsame\tdate\tof\tthe\tvalue\tin\tthat
\nappraisal; or <\/p>\n
\u2022\t\t as\tof\ta\tdifferent\tdate;\tor<\/p>\n
9.4.2.ii. it differs from the opinion of value in the
\nappraisal under review: <\/p>\n
\u2022\t\t at\tthe\tsame\tdate\tof\tthe\tvalue\tin\tthat
\nappraisal or; <\/p>\n
\u2022\t\t as\tof\ta\tdifferent\tdate.
\n 9.4.3 Pursuant to either a or b above, the review <\/p>\n
appraiser must identify and state any new
\ninformation relied upon, the reasoning and
\nbasis for the opinion of value and all assump-
\ntions and limiting conditions (if different from or
\nin addition to those in the appraisal report under
\nreview) connected with the opinion of value. <\/p>\n
So, without over-simplifying the process, now
\nyou know. You can provide an opinion of value in
\na review assignment, but your opinion becomes
\nan appraisal and must conform to the Appraisal
\nStandard Rules and Appraisal Standard Comments. <\/p>\n
The review and appraisal assignments may
\nbe completed separately or incorporated into one
\nreport, but, in the latter case, the appraiser must
\nensure that the report conforms with the rules and
\ncomments found under the Appraisal Standards and
\nReview Standards. <\/p>\n
End note
\n1 All excerpts from CUSPAP 2010 version, bolded <\/p>\n
emphasis added by the author.<\/p>\n
Standards Committee
\nBrian Varner, AACI \u2013 Chair
\nIain Hyslop, AACI
\nChris Perret, AACI
\nLouis Poirier, AACI
\nDan Brewer, AACI \u2013 Board Liaison
\nTo contact this committee, email:
\nstandards@aicanada.ca<\/p>\n
T<\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada 37<\/p>\n
Appraisal review assignments
\nBy Michael Garcelon, AACI<\/p>\n
Member, Ad Hoc Committee on Peer Review<\/p>\n
Peer Review<\/p>\n
The future of peer review<\/p>\n
revious peer review articles covered
\nsuch topics as What is peer review?,
\nCommon errors found by reviewers, and <\/p>\n
Feedback from members. This article will focus
\non the future of peer review, or, more specifi-
\ncally, some of the choices the Appraisal Institute
\nof Canada (AIC) may face once the pilot project
\nconcludes in December 2011.<\/p>\n
The Peer Review Pilot Project was launched
\nin 2008 and concludes in December 2011, at
\nwhich time the Board is to receive a report with
\nfindings and recommendations. The primary
\nobjective of the pilot project is to measure costs
\nand benefits of a peer review program. The
\nsecondary objective is to build a peer review
\nprogram infrastructure.<\/p>\n
At the end of the pilot project\u2019s mandate,
\nthe committee will analyze the cost and
\nbenefit data and report our findings to the
\nAIC Board, along with recommendations.
\nAlthough it is premature to conclude what
\nthe findings may be, presumably, they will
\nfall into one of three categories: costs exceed
\nbenefits, costs and benefits are similar, or
\nbenefits exceed costs.<\/p>\n
Should it be found that the costs of a
\npeer review program exceed benefits, then
\nour options would be few. We may choose
\nto extend the Peer Review Pilot Project in an
\neffort to determine if costs can be cut while
\nmaintaining or increasing benefits. Or, we
\nmay simply choose to cease all efforts to
\ndevelop a larger peer review program.<\/p>\n
If we find that costs are similar to benefits,
\nwe would have a few more options. As noted
\nabove, we may consider an extension of the
\nPeer Review Pilot Project in order to collect
\nmore data and attempt to streamline costs.
\nOr, possibly, we may consider launching a
\nsmall-scale voluntary or mandatory program.<\/p>\n
If we find that benefits exceed costs, then <\/p>\n
we have more options, and some important
\ndecisions to make.<\/p>\n
One of the more pertinent questions will
\nbe, are the pilot project\u2019s cost and benefit
\nfindings scalable to a larger program? More
\nresearch and feasibility studies may be
\nrequired in this regard.<\/p>\n
Assuming that we find that a large-scale
\npeer review program is feasible, what could
\nit look like? Well, that raises many more
\nquestions.
\n\u2022\t Should\tit\tbe\ta\tmandatory\tprogram,\tor\ta\t<\/p>\n
voluntary program, or both?
\n\u2022\t Should\tit\tbe\tuser\tpay,\tor\tsubsidized\tby\tAIC\t<\/p>\n
dues?
\n\u2022\t Should\tit\tbe\tadministered\twithin\tthe\tAIC,\t<\/p>\n
outsourced, or completely privatized?
\nThe enormity of these decisions cannot be
\nunderstated. For example, let us assume we
\nchoose to launch a mandatory program for only
\nprivate practice designated members, where
\neach member must have a peer review once
\nevery five years. This could generate upwards of
\n400 peer reviews per year, which could require
\ntwo full-time peer reviewers plus administra-
\ntive support. <\/p>\n
Ad Hoc Committee on Peer Review
\nLinda Hastings, AACI \u2013 Chair
\nMike Garcelon, AACI
\nCherie Gaudet, CRA
\nGerald McCoombs, AACI
\nAndre St-Arnaud, CRA \u2013 Board Liaison
\nTo contact this committee, email:
\npeerreview@aicanada.ca<\/p>\n
P<\/p>\n
Although the costs may be significant, so
\ntoo could the benefits such as a heightened
\nquality and consistency of our members\u2019 work
\nproduct, fewer professional practice com-
\nplaints, and reduced insurance claims.<\/p>\n
A great deal has been accomplished since
\n2008. We have created a peer review program
\ninfrastructure. We have gained actual practical
\nexperience administering a peer review pro-
\ngram. And we have gathered actual program
\ncost and benefits data. However, much work
\nstill remains before we are in a position to
\nmake any decisions regarding the future of peer
\nreview within the AIC. <\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada38<\/p>\n
Say what you mean
\nand mean what you say<\/p>\n
By Gerry Gehlen, AACI
\nMember, Investigating Committee<\/p>\n
Investigating<\/p>\n
cannot remember when I first heard that
\nsaying, but suspect it was from my parents
\nmany years ago. Then, as a 25-year member of <\/p>\n
the RCMP, I was reminded of its importance count-
\nless times when conducting investigations and\/or
\ngiving evidence. While no longer conducting criminal
\ninvestigations, I find this timeless piece of advice
\ninvaluable in everyday life \u2013 and never more evident
\nthan over the past couple of years being an investiga-
\ntor with the AIC. <\/p>\n
My intent is not to speak to the importance of
\ngood grammar \u2013 although we all know this is very
\nimportant as well \u2013 it is to comment on the impor-
\ntance of being accurate in what we say, to guard
\nagainst the natural human tendency of wanting to
\nmake sense of things we see, or to form opinions
\non limited knowledge or data. People rely on our
\nreports to be accurate and, if we make statements
\nthat are later found to be untrue or misrepresent the
\ntruth, our reputation may be devalued \u2013 not to men-
\ntion our possibly being liable. Think of it this way, the
\nwords\/phrases you use can have different meanings,
\ni.e., 1) what you mean, 2) what the reader\/listener
\nthinks you mean, and 3) the dictionary definition. <\/p>\n
In reviewing files, and in everyday life experi-
\nences, I find that misunderstandings generally stem
\nfrom two broad areas of communication style. The
\nfirst is making generalized statements without quali-
\nfications, i.e., what is \u2018old\u2019 and what is \u2018young?\u2019 Well,
\nyou may be 30 and think 50 is old and 25 is young.
\nWhat about the 50-year old \u2013 he may feel young
\n\u2013 and is, compared to his\/her parents. What about
\nwhen describing the condition of someone\u2019s home
\nor the strength of a market? While I am not suggest-
\ning that we cannot use general words\/phrases, I am
\nsuggesting that, without qualifying them, you are
\nincreasing the risk of being misunderstood.<\/p>\n
The second communication style that is
\nmisleading to even yourself is making assump-<\/p>\n
tions. Dictionaries define \u2018assumption\u2019 as \u2013 an act
\nof taking to or upon oneself, taking for granted,
\nsomething taken for granted or accepted as true
\nwithout proof, a supposition, arrogance, etc. It is
\nthis \u2018assuming\u2019 that I earlier referred to as a natural
\nhuman response to our need to try and make sense
\nof things we see and hear. At times, this may lead to
\nforming unsubstantiated opinions. However, if we
\nsimply state what we actually know, and not what
\nwe think we know, we will subject ourselves to less
\ncriticism due to these possibly misleading and false
\nassumptions and reduce the risk of coming before
\nthe PPC process. Here are some examples:<\/p>\n
Is the basement \u2018insulated and boarded,\u2019 or is
\nit, \u2018boarded and assumed insulated?\u2019 You saw the
\nboarding, but did you see the insulation? <\/p>\n
Is the property\/home \u2018owner-occupied,\u2019 or is it
\nactually \u2018assumed owner-occupied?\u2019 Do you personally
\nknow the people that live there, have you seen the title,
\netc.? Or, could this be the file where the person you met
\nat the property was an imposter stealing mortgage
\nmoney from the real property owner without your
\nknowledge?<\/p>\n
When you are shown an environmentally clean
\ncertificate for the subject property, should you say, \u201cthe
\nproperty is environmentally clean,\u201d or should you say,
\n\u201cthe client provided an environmental clean certificate
\nfor the property\u201d \u2013 with further observational com-
\nments as required? <\/p>\n
Under property history is a statement such as, \u201cThe
\nproperty was purchased by the current owner in March
\n2008 for $500,000\u201d \u2013 correct? Or is it, \u201cThe client
\nadvises that he\/she purchased the property in March
\n2008 for $500,000?\u201d Or could it be, \u201cTitle indicates
\nthat the property was purchased in March of 2008 for
\n$500,000?\u201d If you were not one of the parties in the
\ntransaction, how can you be sure the title is correct or
\nthat the client is telling you the truth? How many times
\nhave clients been untruthful to you?<\/p>\n
The point of the above examples is not to suggest
\nthat you cannot make assumptions, it is to suggest
\nthe importance of disclosing those assumptions so the
\nreader\/client\/user can make better-informed decisions.
\nWhile we may agree that we do not know the cause
\nof why some members\/people make more incorrect
\nassumptions than others, I think it is important to
\nrecognize that just about everything we do is habit.
\nWhile my 25 years as a police officer may have made
\nme more skeptical than most, it leads me to see
\nquite often where our members have made incorrect
\nassumptions that lead to misunderstandings. Repeat-
\ning or relying on second- or third-hand information as
\nbeing accurate (without verification) is a notoriously
\nbad habit. Assuming we are doing good work, there is
\nnothing wrong with stating the simple truth \u2013 and if
\nyou do not know something, then say so. No one gets
\nmore credibility on the stand or at the hearing than
\nthe person who does good work and does not hesitate
\nto admit they do not know everything. It is never
\nmore evident than in litigation work that it is not good
\nenough to do good work, you have to be credible. <\/p>\n
It does not take any longer to develop a good habit
\nthan a bad one \u2013 and forming good habits is a habit
\nin itself. If there is one assumption you should make,
\nit is assuming you will eventually have to defend your
\nwork\/statements \u2013 so get it right the first time. <\/p>\n
Investigating Committee
\nDarrell Thorvaldson, AACI \u2013 Chair
\nMike Schulkowsky, AACI
\nStan Jugovic, AACI
\nGerry Gehlen, AACI
\nPaul Beckwith, AACI
\nJoe Kireta, AACI
\nDeana Halladay, CRA
\nTo contact this committee, email:
\ninvestigating@aicanada.ca<\/p>\n
I<\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada 39<\/p>\n
By George Ward, AACI
\nChair, Professional Affairs Coordinating Committee<\/p>\n
Electronic data
\nsecurity and privacy<\/p>\n
PACC<\/p>\n
he Professional Practice Group is occa-
\nsionally faced with a situation where
\nan appraiser pleads a catastrophic <\/p>\n
loss of data and work files from flooding, data
\ncorruption and even software obsolescence to
\nexplain the non-existence of a work file and
\ncompleted report. As a business person, the loss
\nof client lists, research data, and files represents
\nperhaps the single greatest risk to your busi-
\nness. Such a loss also creates more difficulty if
\nrequired to respond to civil claims and com-
\nplaints, and is as disastrous as losing your client
\nlists that are the focal point of your marketing
\nand advertising campaigns. <\/p>\n
In his article Cyber crime, liability and the
\nappraiser,1 Mark Fredericks discussed the legal
\nimpact of losing data and cyber crime and
\noutlined key security issues of importance to
\nappraisers. Further to his recommendations, the
\nfollowing should also be considered.<\/p>\n
From a best practices point of view, there
\nare some simple preventative measures you
\ncan take to protect your electronic data against
\nthe most common threats. These suggested
\nmethods can be incorporated relatively easily,
\nand at little or no cost.
\n1. Install the latest updates to eliminate security <\/p>\n
vulnerabilities. Protect yourself by using
\nlicensed software and installing the latest
\nsecurity patches and updates. This minimizes
\nthe risk of someone hacking into your system.
\nOlder software has likely been long compro-
\nmised by hackers and, without updates and
\npatches, you increase your vulnerability.<\/p>\n
2. Use passwords. If your password is one of the
\ntop 10 passwords in use, it is not very secure.i
\nIdeally, use capital letters and numbers \u2013 the
\nlonger the better. Changing passwords often
\nwill also thwart hackers. This applies to files, <\/p>\n
as well as access to your computer, laptop, PDA,
\nor Blackberry.<\/p>\n
3. Antivirus software. As simple as a \u2018cookie\u2019 that
\ntracks your website visits and internet habits, to
\nspying on you, to recording keystrokes, spyware
\nand adware can track practically everything you
\ndo on your computer. Install reputable antivirus
\nsoftware and update the virus databank regu-
\nlarly, otherwise you risk losing your personal
\ninformation, as well as compromising that of
\nclients as well.<\/p>\n
4. Install a firewall. This is essential to act as a
\ngatekeeper to prevent unauthorized access to
\nyour computers and network.<\/p>\n
5. Use email wisely. Email is a common tool to
\nsend viruses around the world. Aside from
\ninadvertent confidentiality breaches that can
\narise, check the source address and destination
\naddress as well as the attachments to ensure
\nyou know where emails come from and to
\nwhom they are being sent.ii<\/p>\n
6. Metadata. If you do not know what it is, and the
\nrisk it poses to you, then maybe it is something
\nto learn about.iii<\/p>\n
7. Develop an office policy. This is a good practice
\nfor you, as well as your staff and contractors,
\nand should set out where your passwords are
\nstored and who can access your systems if you
\nare unavailable for health or personal reasons.
\nThink of it as being akin to a \u2018Power of Attorney.\u2019<\/p>\n
8. Back up data. As costs for hard-drive backup
\nand online backup systems continue to come
\ndown, it makes sense in today\u2019s business
\nenvironment to have a backup system in place.
\nIt would be good to test the backup by conduct-
\ning a recovery test at least annually.iv<\/p>\n
The Standards set out the minimum retention
\nrequirements for your work files and reports. They
\nalso give the appraiser the discretion to keep the <\/p>\n
traditional paper files, or take full advantage of
\ntechnology to retain digital copies, either onsite
\nor offsite. The key is to ensure that you can access
\nthe data and that the confidentiality of the data is
\nnot compromised. <\/p>\n
End notes
\n1 http:\/\/www.aicanada.ca\/images\/content\/file\/<\/p>\n
CPV_2010_Book3(aug5).pdf
\ni A celebrity once used \u2018Tinkerbell,\u2019 which <\/p>\n
elevated it to Number 3 spot. It was the name
\nof her pet.<\/p>\n
ii Who can forget this recent blooper:
\n \u201cPlease disregard this email, it was intended for <\/p>\n
my client.
\n Sent wirelessly
\n Subject: Re: Disclosure \u2026
\n I am not supposed to tell you the value, keep it <\/p>\n
between us, the value was \u2026\u201d
\n www.AppraiserChat.com
\niii http:\/\/en.wikipedia.org\/wiki\/Metadata
\niv http:\/\/en.wikipedia.org\/wiki\/Remote_backup_<\/p>\n
service<\/p>\n
Professional Affairs
\nCoordinating Committee
\nGeorge Ward, AACI \u2013 Chair
\nBrian Varner, AACI
\nDarrell Thorvaldson, AACI
\nLeonard Lee, AACI
\nJohn Ingram, AACI
\nTo contact this committee, email:
\nprofessionalaffairs@aicanada.ca<\/p>\n
T<\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada40<\/p>\n
What happens at an appeal hearing?
\nBy Leonard Lee, AACI <\/p>\n
Chair, Appeal Committee<\/p>\n
Appeal<\/p>\n
he Appeal Committee is responsible for
\nappeals on matters arising from admis-
\nsions, continuing professional develop-<\/p>\n
ment, the course per year requirement, and the
\nCandidate Registry. However, most cases heard by
\nthe committee are appeals from decisions of the
\nAdjudicating Committee relating to conduct sanc-
\ntions (Appraisal Institute of Canada (AIC) Regula-
\ntion 5.50.2). Fresh evidence shall not be considered
\nunless it can be demonstrated that such evidence
\nwas not reasonably available at the time of the
\nadjudicating hearing (AIC Regulation 5.53.3).<\/p>\n
The Appeal Committee is responsible to estab-
\nlish its own rules of practice, where not specified in
\nthe AIC Regulations.<\/p>\n
Most Appeal Committee hearings take two
\nto three hours. A typical hearing will include the
\nmember charged (with or without legal counsel),
\nthe professional practice advocate (with or without
\nlegal counsel), a court reporter, and the Appeal
\nCommittee hearing panel, which typically consists
\nof three members. <\/p>\n
Before the hearing, the hearing panel will have
\nbeen provided with the Adjudicating Committee
\ndecision, notice of appeal, grounds of appeal, any
\nwritten submissions or other materials supplied by
\nthe parties, and the documentary evidence that
\nwas presented to the Adjudicating Committee. In
\nthe written submissions, it is recommended that
\nthe member charged include a statement on the
\nrecommended discipline and costs.<\/p>\n
It is recommended that, in the case of a party
\nwishing to present new evidence, a separate sub-
\nmission seeking leave to present new evidence be
\nprovided to the AIC office at least seven days prior
\nto the commencement of the hearing. It is within
\nthe discretion of the chair of the Appeal Committee
\nor the hearing panel to make a decision concerning
\nthe presentation of new evidence.<\/p>\n
A hearing generally follows this process:
\n1. The chair will open the hearing by reading the <\/p>\n
charged member\u2019s name and the file number
\ninto the record and noting the persons in
\nattendance.<\/p>\n
2. The chair will ask all parties for acknowledge-
\nment that the provisions of the AIC Regulations
\nhave been met with respect to giving notices
\nand whether the exchange of other informa-
\ntion and documents has been sufficient.<\/p>\n
3. The chair will ask the parties if they have any
\nobjections to the hearing proceeding on any
\ngrounds, other than the objections to the find-
\nings in the Adjudicating Committee decision.<\/p>\n
4. The professional practice advocate will tender
\na hearing book containing documentary
\nevidence presented to the Adjudicating Com-
\nmittee and the decision of the Adjudicating
\nCommittee. The hearing book will be labeled.<\/p>\n
5. The chair will ask the member charged if there
\nare any objections to the admissibility of the
\nhearing book being labeled.<\/p>\n
6. The professional practice advocate and the
\nmember charged will be invited to make open-
\ning statements (not a mandatory step).<\/p>\n
7. All testimonial evidence is to be given under
\noath.<\/p>\n
8. If the chair of the Appeal Committee or the
\nhearing panel has allowed an application to
\npresent new oral evidence, then there will be
\nan opportunity to call a witness to give that
\nevidence and all the other parties will have the
\nopportunity to cross-examine that witness.<\/p>\n
9. Usually the party appealing proceeds first to
\npresent argument as to why the Adjudicat-
\ning Committee decision should be over-
\nturned or varied.<\/p>\n
10. The member charged should set out the nature
\nof the order sought from the hearing panel.<\/p>\n
11. Members of the hearing panel may ask ques-
\ntions of the member charged.<\/p>\n
12. The professional practice advocate will present
\nhis\/her argument and submissions.<\/p>\n
13. The professional practice advocate should set
\nout the nature of the order sought from the
\nhearing panel.<\/p>\n
14. Any rebuttal that the professional practice
\nadvocate wishes to make to the member\u2019s
\npresentation should be included as part of his
\nargument and submissions.<\/p>\n
15. Members of the hearing panel may ask ques-
\ntions of the professional practice advocate.<\/p>\n
16. Any rebuttal that the member charged wishes
\nto make on the argument and submissions of
\nthe professional practice advocate will be given
\nan opportunity to do so.<\/p>\n
17. AIC will provide the hearing panel with a copy
\nof the charged member\u2019s record from the
\nnational professional practice database. This
\nrecord is deemed to be accurate and subject to
\na rebuttal from the member.<\/p>\n
18. The chair of the hearing panel will conclude
\nthe hearing and indicate the decision will be
\nreserved and prepared within 60 days of the
\nhearing.<\/p>\n
This process is typically followed at an appeal
\nhearing to ensure that all parties are given equal
\nopportunity to present their case. <\/p>\n
Appeal Committee
\nLeonard Lee, AACI \u2013 Chair
\nAllan Beatty, AACI, Fellow
\nJohn Shevchuk, Associate
\nAndrew Chopko, AACI
\nGordon J. Tomiuk, AACI, Fellow
\nTo contact this committee, email:
\nappeal@aicanada.ca<\/p>\n
T<\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada 41<\/p>\n
What happens at an appeal hearing? The Standards revisited
\nBy John Ingram, AACI<\/p>\n
Chair, Adjudicating Committee<\/p>\n
Adjudicating<\/p>\n
hanges to the regulations governing
\nprofessional practice have led to a
\nchange in the types of complaints <\/p>\n
that actually find their way to a hearing before
\nthe Adjudicating Committee and most charges
\nreflect only the more serious of ethical and
\nstandards breaches. Except in the rare cases
\nof willful disregard for professional standards,
\nthe root causes for complaints can be found
\nin incomplete or incorrect application of
\nthe Ethics Standard Rules and the Appraisal
\nStandard Rules. The changes to the regulations
\nhave not changed the underlying issues result-
\ning in complaints.<\/p>\n
Appraisal Standard Rules
\nWhile all of the Appraisal Standard Rules should
\nbe addressed in an appraisal, there are a few
\nwhich occasionally receive less attention than
\nthey deserve, which leads to potential errors.
\nIn some cases, there is no error in terms of the
\nfacts, but, rather, a failure to clearly communi-
\ncate the situation in the report. Either case can
\nlead to subsequent complaints.
\n\u2022\t SR 6.2.10 and 6.2.11 deal with identifying <\/p>\n
all assumptions, limiting conditions and
\nhypothetical conditions. A typical boilerplate
\narray of assumptions and conditions is useful
\nin many circumstances, but it is important
\nto make sure that the standard clauses are
\nrelevant to the case at hand. If they are not
\nrelevant, then they should be removed from
\nthe report. Case-specific assumptions and
\nconditions need to be clearly laid out so that
\nit is clear to the client and any other user
\nof the report exactly what the basis for the
\nconclusions has been. There should be a
\nclear understanding between the client and
\nthe appraiser of exactly what assumptions <\/p>\n
and conditions will be required to properly
\naddress the specific case.<\/p>\n
\u2022\t SR 6.2.23 and 6.2.24 involve analyzing agree-
\nment of sale, option or listing of the property
\nas well as any prior sales of the property.
\nThese factors are key representations of the
\nmarket in which the property is trading. Fail
\nto seek out and report them at your peril.<\/p>\n
Ethics Standard Rules
\nBreaches of some of the Appraisal Standard Rules
\ncan, by extension, lead to allegations of Ethics
\nStandard Rules violations. However, outside of
\nwillfully disregarding the Standards, or fraud,
\nthere are three key areas that lead to problems:
\n\u2022\t ER 4.2.6 relates to improperly claiming quali-<\/p>\n
fications. The issue often resulting in charges
\nhas been dealt with before in this space, but
\nit is worth a reminder. Members holding the
\nCRA designation can appraise only individual,
\nundeveloped residential dwelling sites and
\ndwellings containing not more than four self-
\ncontained family housing units. If you are
\nappraising a property outside of this group,
\nsimply dropping your CRA designation is not
\nacceptable. The report must be co-signed by
\nan AACI. If you are in doubt about whether a
\nproperty falls within the scope of practice of
\na CRA, check with the Institute.<\/p>\n
\u2022\t ER 4.2.8 involves refusal to co-operate with
\nthe Institute. In the course of investigating a
\ncomplaint, you will likely be asked to provide
\ncertain information. To refuse to do this or
\nto delay beyond reasonable amounts of time
\nprovided will likely lead to a suspension until
\nthe requirements are met. <\/p>\n
\u2022\t ER 4.2.9 deals with creating a workfile for
\neach assignment. If you are asked for your
\nworkfile as part of an investigation, there is
\nan expectation that it contains more than
\na copy of the appraisal report in question.
\nOther key items would include field notes,
\ninformation on selected comparables
\nand notes on any conversations or other
\nproperty-specific data obtained in the course
\nof the appraisal. Comment 5.9 provides addi-
\ntional detail on the expected contents of the
\nworkfile. These workfiles must be retained
\nfor a minimum of seven years. <\/p>\n
The Standards, or lack of attention to them,
\nis at the heart of most professional practice
\ncomplaints. This is a brief look, but it high-
\nlights where some of the more serious areas
\nof concern can arise. For every assignment, it
\nis important to always keep in mind the broad
\nfundamentals reflected in the Standards. <\/p>\n
Adjudicating Committee
\nJohn Ingram, AACI \u2013 Chair
\nVesa Jarvela, AACI
\nMichael Wootton, AACI
\nPat Cooper, AACI
\nKenneth Smith, AACI
\nMichael Scichilone, AACI
\nTo contact this committee, email:
\nadjudicating@aicanada.ca<\/p>\n
C \u201cThe Standards, or lack of attention to them,
\nis at the heart of most
\nprofessional practice <\/p>\n
complaints. \u201c<\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada42<\/p>\n
Confidential data
\nRobert Patchett, LL.B. <\/p>\n
Counsellor, Professional Practice<\/p>\n
From the Counsellor\u2019s Desk<\/p>\n
s an appraiser, you are often faced
\nwith multiple requests concern-
\ning a specific property. You have
\ncompleted an appraisal for one client <\/p>\n
and you are asked to appraise for a new client.
\nYou may even be asked to simply \u2018readdress\u2019
\nthe report, \u2018recertify\u2019 or \u2018reassign\u2019 it. Sometimes,
\nthe same client may even ask for an \u2018update.\u2019
\nIn responding to these types of requests, it is
\nimportant to consider the confidentiality and
\nconflict of interest sections in the Standards.<\/p>\n
It is important to clarify your instructions, as
\nthe requesting party may not understand what
\nthey are asking you to do or may not under-
\nstand what they need, and, more importantly,
\nmay not understand what your professional
\nstandards permit.<\/p>\n
Assignment results are your opinion, conclu-
\nsions and factual data collected and rendered
\nspecific to an assignment. The Standards provide
\nthat an appraiser cannot disclose confidential
\ninformation or assignment results to anyone
\nother than the client and persons authorized,
\nintended users1, or as required by law or by
\nvirtue of your membership in AIC. The act of dis-
\ncussing your conclusions, even with a peer, could
\nbe viewed as divulging assignment results.<\/p>\n
You can accept a new assignment2 relative
\nto a previously appraised property, recognizing
\nthat you cannot disclose confidential information
\nduring this subsequent assignment. In some
\ninstances, however, you may have to disclose
\nin advance if you have previously provided any
\nprofessional services in relation to a property (not
\nyour opinion and conclusions) before accepting
\nan assignment.3 By virtue of this being a new
\nassignment, the results are confidential, even if
\nthe conclusions are the same.<\/p>\n
Confidential information is information that is
\nidentified by the client as confidential when pro-
\nviding it to an appraiser and that is not otherwise
\npublicly available4. It can also be information
\nthat, by legislation or regulation, is personal
\ninformation as defined in PIPEDA, privacy or
\nbanking legislation, or by regulation published by
\na regulator such as OSFI or RECA.<\/p>\n
The Appraisal Institute of Canada (AIC) has
\nconsistently recommended that, in providing
\nassignment results in writing, appraisers include
\nspecific limiting conditions relative to the use of
\ndata in a report and who may rely on that report.
\nFurther, it is recommended that you label each
\nreport as being Copyright, All Rights Reserved.5
\nThe factual data that you include in your report,
\nalong with your opinions, recommendations
\nand conclusions, should be protected as your <\/p>\n
intellectual property. Your data is your own
\nthat you use in the provision of professional
\nservices, and you, in fact, re-use that factual
\ndata and opinions in other assignments,
\nsubject to guarding confidential and personal
\ninformation. That data is your knowledge base
\nand expertise that you rely on in providing
\nprofessional services. <\/p>\n
It will remain a business decision as to
\nwhether or not to accept an assignment, to
\nprovide your opinions, data and conclusions,
\nin whole or in part, or to permit a client to rely
\non them, in whole or in part, subject to your
\nprofessional obligation to comply with the
\nStandards, which includes compliance with
\napplicable legislation and regulations. The
\nfinal remaining caveat should be to always
\nconsider if there will be coverage under your
\nprofessional errors and omission insurance
\npolicy, should you choose to accept a particu-
\nlar assignment. <\/p>\n
End notes
\n1 See CUSPAP 2010 Section 6.2.1. For example <\/p>\n
in a litigious matter, the lawyers, courts and
\nparties to the litigation would normally all
\nreceive copies.<\/p>\n
2 It is recommended that, before taking on
\nan assignment for a consumer or mortgage
\nbroker, you explain that a lender may decide
\nthemselves if they need an appraisal and
\nwho may perform that appraisal. In practice,
\nto avoid fraud, lenders would not normally
\naccept such a report that they had not ordered
\nthemselves.<\/p>\n
3 See CUSPAP 2010 Section 12.8.14
\n4 See CUSPAP 2010 Section 2.17
\n5 See Handbook on Disclosure Guidelines Section 2.7<\/p>\n
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Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada 43<\/p>\n
Learning Advisory<\/p>\n
Introducing The Appraisal of
\nReal Estate, Third Canadian Edition<\/p>\n
By Larry Dybvig, AACI<\/p>\n
he US Appraisal Institute recently updated
\nits Appraisal of Real Estate text to the 13th
\nedition. Over an 18-month period, I served <\/p>\n
as part of the updating team, one of the 44 contribu-
\ntors, reviewers and consultants now listed in the
\nbook\u2019s acknowledgements. Today, I am pleased to
\nhave the opportunity to bring these improvements
\ninto Canada, with the publication of the Appraisal of
\nReal Estate, Third Canadian Edition.<\/p>\n
The Appraisal of Real Estate is considered by
\nmany to be \u2018the bible of the valuation profession\u2019 in
\nCanada, as well as in the US, Australia and abroad,
\nwith translations in 12 languages. The Second
\nCanadian Edition sold nearly 7,000 copies over its
\neight-year life, making it a Canadian best-seller. This
\nbook has served well as the Appraisal Institute of
\nCanada\u2019s (AIC\u2019s) key publication and the repository
\nof the Institute\u2019s \u2018body of knowledge.\u2019 The Appraisal
\nof Real Estate is the central reference text for all
\nvaluation practitioners in Canada \u2013 a \u2018must have\u2019 for
\nanyone with a professional interest in appraisal or an
\ninterest in real estate value in general. <\/p>\n
The Third Canadian Edition reflects the evolv-
\ning language in professional standards, changing
\nmarkets (for better or worse), ongoing issues in the
\nregulatory environment, and changes in the appraisal
\nbody of knowledge, as recognized in peer-reviewed
\nprofessional texts and journals and in the educational
\nmaterials of AIC and other appraisal organizations.
\nMichael McKinley, editor of the US edition, says, \u201cThe
\nnew edition is not a radical departure from what is
\nfamiliar to long-time readers and users, nor is it a
\nsimple repackaging of old information.\u201d He explains
\nthe updating was more \u201ca process of refinement
\nrather than revolution,\u201d reflecting the changing
\nappraisal profession in recent years.<\/p>\n
The Third Canadian Edition addresses changes to
\nthe Canadian Uniform Standards of Appraisal Practice <\/p>\n
(CUSPAP), reflecting the Standards evolution since
\ntheir 2001 introduction. One example is the chang-
\ning nature of valuation practice and the increasing
\nneed to understand and clearly define the \u2018scope of
\nwork\u2019 in all professional assignments. <\/p>\n
Globalization is another issue that is emphasized
\nmore strongly in the Third Canadian Edition. While
\nreal estate is traditionally dominated by local issues
\n(the age-old maxim \u2018location, location, location\u2019),
\nthe global movement of capital and the pervasive
\nimpact of international financial trends has had
\nincreasing prominence in real property markets. With
\nglobalization comes the need for International Valu-
\nation Standards (IVS) to account for situations where
\nCUSPAP is not the applicable standard. <\/p>\n
Along the same lines, the accounting profes-
\nsion\u2019s move from GAAP to International Financial
\nReporting Standards (IFRS) is causing changes in
\nthe Canadian valuation landscape and to CUSPAP.
\nThe Third Canadian Edition addresses the grow-
\ning collaboration between valuation professionals
\nand accountants, with these changing accounting
\nstandards potentially opening the door for more <\/p>\n
work in valuation for financial reporting, but also
\nimposing new professional obligations for appraisers
\nin providing compliant valuation advice<\/p>\n
The Third Canadian Edition also reflects society\u2019s
\nconcerns regarding environmental issues surround-
\ning real estate, with the addition of materials on
\ngreen building and sustainability, as well as valuing
\nproperties with impairments. <\/p>\n
Overall, the Third Canadian Edition has increased
\nfrom 27 chapters to 30, and from 681 pages to 768.
\nNew chapters have been added on appraisal review
\nand consulting, the use of statistics in valuation, and
\nvaluation for financial reporting. The expanded focus
\non all three of these topics, moving from appendices or
\nshort sections into freestanding chapters, reflects their
\nincreasing importance in Canadian valuation work. <\/p>\n
In closing, I am proud once again to have had
\nthe privilege to document the work of Canadian
\nvaluation professionals, and to be a part of the team
\npublishing the preeminent publication of its kind in
\nour country. I anticipate the Appraisal of Real Estate,
\nThird Canadian Edition, will become an indispensible
\nbook in the library of all valuation professionals and
\nfor anyone else who wants to know more about the
\nbasis of real property value in Canada. <\/p>\n
Learning Advisory Committee
\nCharles Abromaitis, AACI \u2013 Chair
\nClifford Smirl, AACI
\nPeter MacLellan, AACI
\nErica Giesbrecht, Candidate
\nJohn Bridal, UBC
\nAndre Gravelle, UBC
\nSigne Holstein, ED, AIC \u2013 ON
\nDavid Shum, AACI \u2013 Board Liaison
\nTo contact this committee, email:
\nlac@aicanada.ca<\/p>\n
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Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada44<\/p>\n
Spotlight on Continuing Professional Development<\/p>\n
FEED YOUR FUTURE
\nwith CPD FRIDAYS<\/p>\n
Learning Advisory<\/p>\n
he UBC Real Estate Division continues its series of live, online,
\nweb-based Friday seminars or webinars consisting of a two-hour
\npresentation with an expert instructor, who will present an interac-<\/p>\n
tive online classroom session and answer any questions. Attend the session,
\ncomplete two hours of pre-reading on your own, and receive four Appraisal
\nInstitute of Canada (AIC) CPD credits. There is no quiz or exam required to
\nreceive these credits.<\/p>\n
CPD 111: Decision Analysis \u2013
\nMaking Better Real Property Decisions
\nPresented December 3, 2010 by Bruce Turner, AACI <\/p>\n
AIC\u2019s \u2018New Horizons\u2019 initiative is aimed at broadening the field of practice
\nfor valuation professionals \u2013 advancing beyond point-in-time valuation and
\ninto the realm of providing strategic advice. Just as every large corporation
\nhas an accounting professional on its Board of Directors, so too should every
\nreal estate-focused business need a valuation professional in the boardroom.
\nHowever, appraisals are unlikely to be needed at this level \u2013 rather, what
\nis demanded is strategic, critical thinking about real estate issues and the
\nwillingness and ability to provide useful recommendations.<\/p>\n
The goal of this course, adapted from the UBC Real Estate Division\u2019s BUSI 460
\ncourse Critical Analysis and Forecasting in Real Estate, is to develop the necessary
\nmindset for real property valuation professionals to help clients make better-informed
\nreal estate decisions. Specifically, real estate professionals must be able to:
\n\u2022\t critically\tanalyze\tthe\tcontext\tfor\treal\testate\tproblems;
\n\u2022\t accurately\tdiagnose\tcomplex\treal\testate\tproblems;\tand
\n\u2022\t identify\tand\tsupport\tpotential\treal\testate\tsolutions,\tgoals,\tand\tactions\tthat\tare
\n objective and comprehensive, facilitating sound decision-making by clients. <\/p>\n
The course explores a variety of formal and informal decision-making
\ntechniques. While an intuitive \u2018rule of thumb\u2019 can be perfectly appropriate
\nin some circumstances, other situations may demand a more systematic
\nweighing of benefits and costs of alternatives. <\/p>\n
Decision trees are one example of how advisors can help clients better
\nunderstand the decisions that they face. Decision trees help answer the
\nfollowing questions:
\n\u2022\t What\tare\tthe\tkey\tuncertainties?
\n\u2022\t What\tare\tthe\tpossible\toutcomes\tof\tthese\tuncertainties?
\n\u2022\t What\tare\tthe\tchances\tof\toccurrence\tof\teach\tpossible\toutcome?
\n\u2022\t What\tare\tthe\tconsequences\tof\teach\toutcome?
\nThis structured process forces the advisor and the client to immediately get
\nto the heart of the problem that needs solving. It also forces logical, compre-
\nhensive analysis of alternatives, along with the probabilities of achieving dif-
\nferent outcomes. By adopting a systematic decision analysis framework, the
\nadvisor is much more likely to be able to work through complex problems
\neffectively and to reach decisions strategically. The key to long-term success
\nis valuable advice provided to satisfied clients.<\/p>\n
CPD 124: Scope of Work \u2013
\nEstablishing \u2018New Horizons\u2019 For Your Valuation Services
\nPresented December 3, 2010 by John Clark, AACI <\/p>\n
AIC\u2019s \u2018New Horizons\u2019 initiative also envisions real property professionals who
\nprovide a wide range of valuation services. For any given property, a valuator
\nmight be commissioned to complete a simple mortgage appraisal form
\nreport that takes a few hours to complete or a complex narrative report in
\nsupport of litigation that takes days or even weeks to prepare. <\/p>\n
T<\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada 45<\/p>\n
The necessary due diligence will vary dramatically in these two
\nassignments. The widely different levels of research and analysis may
\nwell result in different value conclusions \u2013 yet, as long as CUSPAP \u2019s
\n\u2018reasonable appraiser\u2019 test has been met for each assignment, it may be
\nthat neither value can be considered \u2018wrong.\u2019 The key to this seeming
\nparadox is in the assignment\u2019s scope of work.
\n Scope of work gives appraisers the ability to customize assignments <\/p>\n
in order to better serve their clients. In an ever-changing business
\nenvironment, and an expanding global economy, such flexibility is
\nincreasingly important. Scope of work allows appraisers to expand
\ntheir range of services beyond the traditional ones and opens doors
\nto new opportunities. (from Stephanie Coleman, MAI, SRA. 2006.
\nScope of Work. Chicago: Appraisal Institute)<\/p>\n
The objective of any assignment is a credible or duly-founded opinion
\nthat is useful in solving the client\u2019s problem. A credible result does not
\nmean \u2018the right number\u2019 or \u2018an irrefutable conclusion.\u2019 It implies that
\nassignment results must be believable to any and all who may be in a
\nposition to judge. The foundation of an opinion must be reasonable,
\nand must be supported by relevant evidence and logic. <\/p>\n
Establishing scope of work means you should no longer
\nimmediately respond to the question \u201cWhat is the cost of an
\nappraisal?\u201d with your standard fee quotation. Instead, reply with
\nquestions that determine what needs to be done in order to solve the
\nclient\u2019s problem. A client who needs a simple drive-by confirmation of
\na property, or one who requires a narrative presentation accompanied
\nby expert testimony in a court of law is faced with two completely <\/p>\n
different problems \u2013 with different scope of work, different due
\ndiligence expected, a different set of fees, and, likely, a different value
\nconclusion. <\/p>\n
This session will use case study scenarios to highlight how the
\nscope of work may vary in a given situation. Letters of engagement
\nwill be explored as a way to communicate to the client in writing
\nwhat scope of work is proposed prior to accepting an assignment.
\nAnd, while it should be obvious (though it is clearly not to every-
\none), your professional fees should (must) vary to account for
\nthe depth of due diligence necessary. The first step to providing
\n\u2018valuable\u2019 solutions to clients is recognizing your own value as a
\nvaluation professional.<\/p>\n
Upcoming CPD Friday webinars:
\n\u2022\t Friday,\tDecember\t3,\t2010:
\n CPD 111: Decision Analysis \u2013 Making Better Real Property Decisions
\n CPD 124: Scope of Work \u2013 Establishing \u2018New Horizons\u2019 For Your Valuation <\/p>\n
Services
\n\u2022\t Friday,\tMarch,\t2011
\n CPD 104: Hotel Valuation
\n\u2022\t\t Friday,\tApril\t1,\t2011
\n CPD 106: Multi-Family Property Valuation
\n\u2022\t Friday,\tMay\t6,\t2011
\n CPD 102: Valuation of Property Impairments and Contamination
\nFor more information on these and other UBC CPD offerings, please visit our
\nwebsite: www.realestate.ubc.ca\/webinar or www.realestate.ubc.ca\/cpd <\/p>\n
Please check out the interactive Canadian Property Valuation at www.aicanada.ca<\/p>\n
With print and electronic communication operating hand-in-hand more than ever
\nbefore, we are more than happy to advise you that Canadian Property Valuation magazine
\nis available online in a highly interactive format. <\/p>\n
A user-friendly, interactive Media Rich PDF format that includes:<\/p>\n
Active hyper-links to all websites and
\ne-mails contained in the publication<\/p>\n
Active links to the specific stories from
\nthe front cover and contents page<\/p>\n
Active links to advertiser websites from their ads<\/p>\n
Interactive edition of
\nCANADIAN PROPERTY VALUATION<\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada46<\/p>\n
Designations\/Candidates\/Students<\/p>\n
The Appraisal Institute of Canada (AIC), together with the provincial associations and the provincial bodies affiliated with the AIC, commend the following
\nmembers who completed the rigorous requirements for accreditation as a designated member of the AIC during the period July 16, 2010 to October 15, 2010:<\/p>\n
L\u2019Institut canadien des \u00e9valuateurs (ICE), en collaboration avec les associations provinciales et les organismes provinciaux affili\u00e9s \u00e0 l\u2019ICE, f\u00e9licitent les membres
\nsuivants qui ont compl\u00e9t\u00e9 le programme rigoureux d\u2019accr\u00e9ditation \u00e0 titre de membre d\u00e9sign\u00e9 de l\u2019ICE durant la p\u00e9riode du 16 juillet au 15 octobre, 2010:<\/p>\n
AIC designations granted \/ D\u00e9signations obtenues de l\u2019ICE<\/p>\n
Candidates \/ Stagiaires
\nAIC welcomed the following new Candidate members during the period July 16, 2010 to October 15, 2010:<\/p>\n
L\u2019ICE souhaite la bienvenue aux personnes suivantes qui ont joint les rangs des membres stagiaires durant la p\u00e9riode du 16 juillet au 15 octobre2010:<\/p>\n
ALBERTA
\nJoel Andresen
\nTrevor J. Birchall
\nCurtis Chichak
\nDavid G. Clark
\nKen Heemeryck
\nPatricia Pidruchney
\nWhitney Pope
\nKevin Tam
\nNing Zheng <\/p>\n
BRITISH COLUMBIA
\nLindsey Black
\nCorey Colville
\nLee D. Knull
\nStephanie McNeil
\nAdam Kamal Naamani
\nLaura M. Williams <\/p>\n
NEW BRUNSWICK
\nMelissa Mccartney
\nJonathan Watts<\/p>\n
NOVA SCOTIA
\nSamantha Lacey
\nRob Semple
\nMatthew Whittleton<\/p>\n
ONTARIO
\nYoonsuk Edward Cha
\nKrista Stephanie Derro
\nDrew Dixon
\nPeter Figures
\nChris Gulsoy
\nJanine Haanstra
\nDevon M. Howsam
\nShardul L. Jani
\nXia (April) Ji<\/p>\n
Students \/ \u00c9tudiants
\nThis category of membership serves as the first step on the path to designation for those completing their requirements for Candidate membership.
\nStudents considering the appraisal profession as a career option are also welcomed to this category of membership.<\/p>\n
Cette cat\u00e9gorie de membre constitue la premi\u00e8re \u00e9tape sur la voie de la d\u00e9signation pour ceux qui s\u2019affairent \u00e0 compl\u00e9ter les exigences de la cat\u00e9gorie de membre stagiaire.
\nLes \u00e9tudiants qui contemplent une carri\u00e8re comme \u00e9valuateur professionnel sont bienvenus \u00e0 joindre cette cat\u00e9gorie de membre.<\/p>\n
Michael P. Kaukonen
\nNicholas Ondiaka
\nMark R. Penhale
\nRajesh Randy Ramadhin
\nRodney Joel Sinson
\nKristina V. Smailys
\nGarret Smits
\nMatthew Van Huizen
\nBrandon T. Wilcox
\nTianqi Zhao<\/p>\n
Accredited Appraiser Canadian Institute
\nWe welcome and congratulate these individuals as fully accredited members of the
\nInstitute through the granting of their AACI designation.
\nAccueillons et f\u00e9licitons comme membres pleinement accr\u00e9dit\u00e9s de l\u2019Institut et leur
\naccordons avec fiert\u00e9 la d\u00e9signation AACI.<\/p>\n
ALBERTA
\nGuo Jun He
\nByron S. Henderson
\nAbhishek Paul
\nOliver Thomas Tighe
\nMark Wojcichowsky <\/p>\n
AACI<\/p>\n
BRITISH COLUMBIA
\nCharmaine S. Cheng
\nTaylor J.W. Dedora
\nFrank Peixue Fa
\nGordon C. French
\nTiffany Lee <\/p>\n
MANITOBA
\nKelly L. Clement<\/p>\n
NOVA SCOTIA
\nJames J.L. Hardy <\/p>\n
QUEBEC
\nStanislava Peker
\nChristian Verville <\/p>\n
CRA<\/p>\n
ALBERTA
\nDiane S. Beisel
\nRon E. Buskell
\nRobert R. Dodd
\nRoberta Widdifield<\/p>\n
Canadian Residential Appraiser
\nThese members are congratulated on the successful completion of the CRA
\ndesignation requirements.
\nNous f\u00e9licitons ces membres pour avoir compl\u00e9t\u00e9 avec succ\u00e8s le programme menant \u00e0 la
\nd\u00e9signation CRA.<\/p>\n
BRITISH COLUMBIA
\nBrodie Gunn
\nColin D. Holdener<\/p>\n
NEW BRUNSWICK
\nShawn S. Dube
\nBrenda Hall<\/p>\n
NOVA SCOTIA
\nJosh Morash<\/p>\n
ALBERTA
\nKirsten E. Ferrill<\/p>\n
QUEBEC
\nJosiane Leduc<\/p>\n
INTERNATIONAL
\nSharika Tucci<\/p>\n
BRITISH COLUMBIA
\nSteven R. Caldecott
\nDan B. Green
\nMin Kim<\/p>\n
MANITOBA
\nAyrton P. Neufeld<\/p>\n
NEWFOUNDLAND
\nJacqueline D. Squibb<\/p>\n
ONTARIO
\nRichard M. Bonk
\nHossein Danesh-Heidari
\nJames T. Mason<\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada 47<\/p>\n
Letter to the EDITOR August 27, 2010 <\/p>\n
News<\/p>\n
CRITICAL DATES
\nDecember 31, 2010 \u2013 AIC designated members must complete and
\npost electronically the completion of a minimum six new CPD credits
\nobtained between January 1 and December 31, 2010. AIC will perform
\nrandom audits during January 2010.
\nDecember 31, 2010 \u2013 Payment due date for professional liability
\ninsurance levy. MMR sent AIC members their insurance e-invoices in
\nmid-November.
\nJune 10, 2011 \u2013 Appraisal Institute of Canada Annual General Meeting,
\nMoncton, NB<\/p>\n
IN MEMORIAM
\nThe following members of the Appraisal Institute of Canada have
\npassed away. On behalf of everyone connected with the Institute and
\nthe profession, we extend our sincerest sympathies to their families,
\nfriends and associates.\/ Les membres suivant de l\u2019Institut canadien des
\n\u00e9valuateurs sont d\u00e9c\u00e9d\u00e9s. Au nom de tous ceux qui oeuvrent de pr\u00e8s ou
\nde loin au sein de l\u2019Institut et de la profession, nous exprimons nos plus
\nsinc\u00e8res condol\u00e9ances \u00e0 les familles, amis et associ\u00e9s.<\/p>\n
Albert Bowman \u2013 Stratford, ON
\nJon Arthur Eastman \u2013 Winnipeg, MB
\nEdward Howell, AACI \u2013 Vancouver, BC
\nLouis Receveur, AACI \u2013 Prince Albert, SK<\/p>\n
JACK WARREN SCHOLARSHIP RECIPIENT
\nThe Jack Warren Educational Trust Committee is pleased to announce the recipient of the 2010 scholarship. Congratulations go to Dan Green, an AIC
\nstudent member from Ucluelet, BC who is this year\u2019s recipient of the Jack Warren Education Trust Scholarship.<\/p>\n
The annual scholarship is available to individuals from across Canada pursuing careers in real estate appraisal. For more information or to obtain
\nan official application form, please contact the British Columbia Association of the Appraisal Institute of Canada, #845 \u2013 1200 West 73rd Ave, Vancou-
\nver, BC (604) 266-8287, or visit the BC Association Appraisal Institute of Canada website http:\/\/bc.aicanada.ca, click on Awards and look for the Jack
\nMalcolm Warren Educational Trust.<\/p>\n
I wish to begin by thanking all of you for your efforts in writing an
\nexcellent article. I practise in a largely rural area and I believe there is a
\nsignificant problem with CRAs completing reports on properties possess-
\ning a commercial content, agricultural in particular. <\/p>\n
The question has been posed at standards seminars, \u201cCan a CRA
\ncomplete a standard (house and 10 acres) appraisal request on a larger
\nproperty that is zoned for agricultural use?\u201d One response was \u201cNo,\u201d
\nbecause it is part of a larger agricultural operation, which is commercial,
\nand a CRA cannot do \u201cpart of\u201d a commercial property. Subsequently, at
\nanother seminar, the answer changed to \u201cYes,\u201d because, in a hypothetical
\nappraisal, the highest and best use changes to \u201cresidential.\u201d <\/p>\n
I have been asked to complete appraisals requiring a second value
\nover the entire farm, which typically would include 160 acres, cultivation,
\na trucker\u2019s shop, barns, cattle containment areas, etc. I pointed out on the
\nAMC\u2019s site that an AACI was required and requested a modest fee increase
\nthat was denied in each case. I am concerned that CRAs are completing
\nsimilar assignments. <\/p>\n
I am aware of another instance where the AMC contacted a residential
\nappraisal company to complete a commercial assignment on a parcel of <\/p>\n
land suitable for a 60-lot subdivision without knowing that a CRA is not
\nqualified. I recently lost another assignment on potential urban residential
\nland which required \u201chouse and five acres.\u201d I told them that five acres
\ncould still be subdivided and suggested a hypothetical \u201chouse on an
\naverage sized residential lot.\u201d I also stated that an AACI was required. The
\nlender disagreed and stated that there was no commercial content,
\nbecause the zoning was residential. <\/p>\n
I can understand that not every lender is knowledgeable about the
\nfiner points of the CRA and AACI designations, but \u201cthe professionals\u201d
\nshould know better, especially when they are informed through post-
\nings on their websites. <\/p>\n
Of course, one of the main issues is whether or not the appraiser
\nhas insurance and whether or not he\/she is in violation of AIC Stan-
\ndards. Most banks require their appraisers to be insured. I speculate
\nthat a lender could be sued because \u201cthey knew or ought to have
\nknown that the appraiser (without insurance) was not qualified to do
\nthe job.\u201d <\/p>\n
Once again, I would like to thank you and your committee on a
\ngood article. <\/p>\n
RE: CRA \u2013 Scope Creep (CPV magazine \u2013 Volume 54, Book 3, page 28)<\/p>\n
Peter Ryks, AACI<\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada48<\/p>\n
The Appraisal Institute of Canada and Appraisal Institute of Canada – New
\nBrunswick are very pleased and proud to be hosting the 2011 annual
\nconference in this historic east coast city \u2013 Moncton, New Brunswick.
\nJoin Committee Chair Mathieu Maillet, AACI and the Organizing
\nCommittee members in June 2011 for the annual conference at the Delta
\nBeaus\u00e9jour Hotel <\/p>\n
AIC and the Moncton Conference Organizing Committee have
\ncreated an educational program in support of the theme \u2018Changing
\nTides \u2013 Brighter Horizons.\u2019 The conference encompasses three days
\nof diverse education sessions, designed to reflect the multi-disci-
\nplinary nature of the valuation profession and encourage members
\nto acquire the knowledge they need to expand their practice to
\nmeet the demands of an evolving marketplace.<\/p>\n
Join keynote speaker Martin Latulippe, CSP who has
\ndedicated his life\u2019s work to \u201chelping individuals, teams and organi-
\nzations to create and master transformational thinking.\u201d Martin is a
\nfour-time best selling author and a highly-acclaimed inspirational
\nand transformational speaker in the field of human potential. Martin
\nwas blessed to receive a second chance after surviving a dramatic
\nhockey accident at the 2001 World University Games, in Poland,
\nwhere he was the captain of the Canadian university hockey team
\nand where Canada won the silver medal. Martin\u2019s inspirational pre-
\nsentations at conferences and seminars have reached more than 350
\n000 participants in Canada and internationally throughout France,
\nBelgium, Africa and the United States.<\/p>\n
The interesting and varied slate of speakers will include presenta-
\ntions and panel discussions designed to help enhance your skills and
\nprovide you with the tools to succeed beyond 2011. For more informa-
\ntion, visit the AIC conference website at http:\/\/aic2011.aicanada.ca<\/p>\n
The committee has planned a networking evening in keep-
\ning with celebrated east coast hospitality. Join other conference
\ndelegates as we introduce you to local foods, culture and talent. <\/p>\n
The evening is being held in the village of Shediac at the Parlea Beach
\nrestaurant and promises to be an evening filled with good music, hearty
\nlaughter and great networking opportunities.<\/p>\n
Plan to come east to Moncton next year. Let\u2019s exchange ideas, chal-
\nlenges and success stories. It is time to rekindle old friendships, meet new
\npeople and share our knowledge in our chosen field of property valuation.
\nIt is time to start talking about tomorrow!<\/p>\n
As part of a two-year trial period, the Appraisal Institute of Canada is
\nonce again offering a special conference fee for Candidates and students
\nin order to increase the participation of these two membership categories.
\nThe discounted registration fee is $400 (excluding taxes). This registration
\nfee will be available to a maximum of 100 Candidates and students per
\nconference on a first come, first served basis.<\/p>\n
*After May 23 you may register by contacting Marie Louise Doyle at
\nmaried@aicanada or in person at the conference.<\/p>\n
\u2022\t Online\tregistration\topens\ton\tFebruary\t28,\t2011.
\n\u2022\t Online\tregistration\tcloses\tMay\t23,\t2011.
\nMark the dates in your calendar. Book your hotel room now by visiting:
\nhttp:\/\/aic2011.aicanada.ca or call the hotel at 1-888-890-3222.<\/p>\n
Join us in Moncton next spring. Bookmark the conference website at
\nhttp:\/\/aic2011.aicanada.ca and visit often to see information updates. For
\nfurther information, please contact AIC\u2019s Conference and Meetings Planner,
\nMarie-Louise Doyle at maried@aicanada.ca <\/p>\n
Registration fees
\n(excl. taxes)<\/p>\n
Until
\nMay 3<\/p>\n
May 4 –
\nMay 22<\/p>\n
After
\nMay 23*<\/p>\n
Full conference $650.00 $750.00 $850.00<\/p>\n
Full companion\/
\nretiree<\/p>\n
$325.00 $350.00 $375.00<\/p>\n
Candidate\/student $400.00 $400.00 $400.00<\/p>\n
Daily rate (per day) $300.00 $350.00 $400.00<\/p>\n
Moncton, New Brunswick
\nDelta Beaus\u00e9jour Hotel, <\/p>\n
June 8-11, 2011<\/p>\n
Annual Conference
\nOF THE APPRAISAL INSTITUTE OF CANADA<\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada 49<\/p>\n
OF THE APPRAISAL INSTITUTE OF CANADA<\/p>\n
Agenda
\n1. To confirm the Minutes of the June 4, 2010 AGM.
\n2. To receive Reports
\n a) President
\n b) Management
\n c) AIC Committee Reports
\n3. To receive audited financial statements for the past year and appoint <\/p>\n
auditors for the forthcoming year.
\n4. To elect the Board of Directors of the Appraisal Institute of Canada.
\n5. To consider AIC By-law revisions as presented\u00a0by the Board of Directors.
\n6. To consider resolutions submitted in accordance with the By-laws.
\n7.\u00a0 To consider all other business as may properly come before the meeting.<\/p>\n
NOTICE OF ANNUAL
\nGENERAL MEETING<\/p>\n
Delta Beaus\u00e9jour
\nMoncton, New Brunswick<\/p>\n
Friday, June 10, 2011 – 15:15 <\/p>\n
Delta Beaus\u00e9jour
\nMoncton, Nouveau Brunswick <\/p>\n
Vendredi le 10 juin 2011 – 15 h 15<\/p>\n
AVIS D\u2019ASSEMBL\u00c9E
\nG\u00c9N\u00c9RALE ANNUELLE<\/p>\n
Ordre du jour
\n1. Approbation du proc\u00e8s-verbal de l\u2019AGA du 4 juin 2010.
\n2. Pr\u00e9sentation des rapports
\n a) du Pr\u00e9sident
\n b) de la direction
\n c) des comit\u00e9s de l\u2019ICE
\n3. Pr\u00e9sentation des \u00e9tats financiers v\u00e9rifi\u00e9s du dernier exercice et nomina-<\/p>\n
tion des v\u00e9rificateurs pour le prochain exercice.\u00a0
\n4. \u00c9lection des membres du Conseil d\u2019administration de l\u2019Institut cana-<\/p>\n
dien des \u00e9valuateurs.
\n5. Examen des modifications aux r\u00e8glements de l\u2019ICE, telles que pr\u00e9sen-<\/p>\n
t\u00e9es par le Conseil d\u2019administration national (CAN).
\n6. Examen des r\u00e9solutions pr\u00e9sent\u00e9es conform\u00e9ment aux r\u00e8glements.
\n7 \u00c9tude de tous les autres points d\u00fbment pr\u00e9sent\u00e9s \u00e0 l\u2019Assembl\u00e9e.\u00a0<\/p>\n
Appraisal Institute of Canada AGM 2011 Institut canadien des \u00e9valuateurs, AGA 2011 <\/p>\n
Canadian Property Valuation VOLUME 54 | BOOK 4 | 2010 \u00c9valuation Immobili\u00e8re au Canada50<\/p>\n
Calendar of Events<\/p>\n
AIC 2011 Annual AIC Conference
\nChanging Tides, Brighter Horizons
\nJune 8-11, 2011
\nDelta Beaus\u00e9jour
\nMoncton, New Brunswick
\nAnnual General Meeting
\nFriday, June 10, 2011 \u2013 15:15 – Moncton, New Brunswick
\nFor information contct info@aicanada.ca
\nor http:\/\/aic2011.aicanada.ca or 1-888-551-5521<\/p>\n
BC Professional Practice Seminars
\nNovember 19 and 20, 2010 – Lower Mainland
\nLarry Dybvig, AACI
\nFor information contact info@appraisal.bc.ca
\nor (604) 266-8287 or http:\/\/bc.aicanada.ca <\/p>\n
AB Professional Practice Seminar
\nDecember 10-11, 2010 – Calgary AB
\nConference and AGM
\nMarch 11-12, 2011 – Edmonton AB
\nFor information contact AB AIC at info@appraisal.ab.ca or (403)
\n207-7892 or check the provincial section of http:\/\/ab.aicanada.ca<\/p>\n
SK For information contact Marilyn Steranka at skaic@sasktel.net
\nor (306) 352-4195 or check http:\/\/sk.aicanada.ca<\/p>\n
MB For information contact Kelly Tole at mbaic@mts.net or
\n(204) 736-2427 or check http:\/\/mb.aicanada.ca<\/p>\n
*If you are viewing an electronic version of this issue on the AIC web site, please click on these listings for active links to the advertisers\u2019 web sites.<\/p>\n
Advertiser Information Centre<\/p>\n
Company Page Website Phone Number
\nACI 2,3,52 www.appraiserchoice.com 800-234-8727
\nAltus Group Ltd. 51 www.altusgroup.com 416-221-1200
\nAtlantic Realty Advisors 19 www.ara.ca
\nBradford Technologies 4 www.bradfordsoftware.com 800-622-8727
\nCushman & Wakefield 31 www.cushmanwakefield.com\/valuation 416-359-2378
\nCanadian Association of Accredited Mortgage Professionals 27 www.caamp.org 416-385-2333
\nCanadian Resource Valuation Group 34 www.crvg.com 780-424-8856
\nDouglas Cost Guides 23 www.douglascostguide.com 519-238-6207
\nNotarius 29 www.notarius.com 800-567-6703<\/p>\n
Please
\nsupport <\/p>\n
our
\nadvertisers<\/p>\n
ON Professional Practice Seminar
\nDecember 3 and 4, 2010 – Peterborough, Ontario
\nInstructor: Michael Mendela
\n2011 Fee Symposium
\nFebruary 11 and 12 – Toronto
\n2011 Conference and Annual General Meeting
\nApril 15 and 16 – Hamilton
\nFor information or to register log onto www.oaaic.on.ca
\nor contact Lorraine Azzopardi at lorraine@oaaic.on.ca or
\n(416) 695-9333 x222<\/p>\n
QC Holiday Dinner
\nNovember 23, 2010 – University Club in Montreal
\nFor information contact Ginette St-Jean at aqice@qc.aira.com
\nor (450) 454-0377 or 1-877-454-0377, or check www.aqice.ca<\/p>\n
NB For information contact Louise Reid at nbarea@nb.aibn.com
\nor (506) 450-2016 or check www.nbarea.org\/main.asp<\/p>\n
NS For information contact Louise Reid at nbarea@nb.aibn.com
\nor (506) 450-2016 or check www.nbarea.org\/main.asp<\/p>\n
PEI For information contact Suzanne Pater at peiaic@xplornet.com
\nor (902) 368-3355 or check http:\/\/pe.aicanada.ca <\/p>\n
NL For information contact Susan Chipman at naaic@nf.aibn.com
\nor (709) 753-7644 or check http:\/\/newfoundland.aicanada.ca <\/p>\n
www.aicanada.ca
\nVISIT US AT:<\/p>\n
Company Page Website Phone Number
\nACI 2,3,52 www.appraiserchoice.com 800-234-8727
\nAltus Group Ltd. 51 www.altusgroup.com 416-221-1200
\nAtlantic Realty Advisors 19 www.ara.ca
\nBradford Technologies 4 www.bradfordsoftware.com 800-622-8727
\nCushman & Wakefield 31 www.cushmanwakefield.com\/valuation 416-359-2378
\nCanadian Association of Accredited Mortgage Professionals 27 www.caamp.org 416-385-2333
\nCanadian Resource Valuation Group 34 www.crvg.com 780-424-8856
\nDouglas Cost Guides 23 www.douglascostguide.com 519-238-6207
\nNotarius 29 www.notarius.com 800-567-6703<\/p>\n
ACI365.com\ufffd 800-234-8727<\/p>\n
ACI365\u2122<\/p>\n
Get Online \u2022 Go Paperless \u2022 Get Paid Faster<\/p>\n
One\ufffdyear\ufffdof\ufffdACI365\u2122\ufffdWorksite\ufffd&\ufffdWebsite<\/p>\n
Complete\ufffdAppraisal\ufffdOffice\ufffdManagement\ufffdSolution<\/p>\n
Includes\ufffdCRAL2010\u2122\ufffdIntegration<\/p>\n
$365 Payable in US Dollars<\/p>\n
ACI is a division of Verisk Analytics (NASDAQ: VRSK), a leading provider of risk assessment solutions to professionals in insurance, healthcare, mortgage
\nlending, government, risk management, and human resources. Verisk Analytics includes the holdings of Insurance Services Office, Inc. (ISO) and its <\/p>\n
subsidiaries, which provide essential solutions to the insurance, mortgage lending, and healthcare markets. For more information, visit www.verisk.com.<\/p>\n","protected":false},"featured_media":14352,"menu_order":12,"template":"","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_lmt_disableupdate":"no","_lmt_disable":""},"class_list":["post-30005","issue","type-issue","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.aicanada.ca\/fr\/wp-json\/wp\/v2\/issue\/30005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.aicanada.ca\/fr\/wp-json\/wp\/v2\/issue"}],"about":[{"href":"https:\/\/www.aicanada.ca\/fr\/wp-json\/wp\/v2\/types\/issue"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.aicanada.ca\/fr\/wp-json\/wp\/v2\/media\/14352"}],"wp:attachment":[{"href":"https:\/\/www.aicanada.ca\/fr\/wp-json\/wp\/v2\/media?parent=30005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}