The Appraisal Institute of Canada and its members are guided by a number of key principles, regulations, and standards. AIC members conduct themselves in accordance with these principles. When dealing with AIC members, clients and homeowners may do so confidently and with the assurance that these principles are in place to protect the public.
The Mission of the Appraisal Institute of Canada is:
- To promote and support our members in providing high quality property advisory services for the benefit of clients, employers, and the public.
The Appraisal Institute of Canada Bylaws set out the rules of the Institute as approved by the Board of Directors and approved by Industry Canada.
First introduced in January 2001 and now revised every two (2) years, the Canadian Uniform Standards of Professional Appraisal Practice (“The Standards,” or CUSPAP) respects the expanding role of the valuation professional within the Appraisal Institute of Canada (AIC).
Consolidated Regulations of the Appraisal Institute of Canada
The Consolidated Regulations of the Appraisal Institute of Canada is the primary document that contains the policies and procedures governing AIC policies such as admission, education, experience & designations. It also defines the role and relationship between the Institute and the provincial associations and affiliations, professional practice, and the Institute’s liability insurance subsidiary. Regulations are established and can be amended or repealed by the Board of Directors of the Institute. In accordance with the AIC Bylaws, proposed amendments are circulated to the Provincial Association offices at least thirty days prior to the Board meeting at which the amendments are considered and voted upon.
The Appraisal Institute of Canada and its Board of Directors are pleased to release this 3-year Strategic Plan as a road map to guide AIC for 2018 to 2020. The Plan reflects the realities of today’s marketplace, anticipates future pressures and clearly defines the areas where the Institute will focus attention in the next three years to ensure that AIC Members continue to be the appraisal professionals of choice in Canada.
AIC’s Strategic Plan comprises several elements and we invite all members to read the document in its full version. One element of the plan — the Key Result Areas, summarizes the four main areas of focus over the next three years.
Key Result Areas: