THE APPRAISAL INSTITUTE OF CANADA
The Appraisal Institute of Canada (AIC), founded in 1938, is the national society of professional real estate appraisers. It's mission is to represent, support and advance its members as the professionals of choice in the counselling, analysis and appraisal of real estate properties, and to protect the public interest by developing and maintaining high standards of professional practice by granting the use of the CRA (Canadian Residential Appraiser) and AACI (Accredited Appraiser Canadian Institute) designations.
AACI (Accredited Appraiser Canadian Institute) designates fully accredited membership in the Institute and may be used by the holder in connection with the appraisal of a wide range of real estate properties.
CRA (Canadian Residential Appraiser) designates individuals qualified in the appraisal and valuation of individual undeveloped residential dwelling sites and dwellings containing not more that four self-contained family housing units.
Members must complete a rigorous course of studies in all aspects of real estate valuation before they are granted the use of either of the above designations.
Institute members are governed by a Code of Ethics and Uniform Standards of Professional Appraisal Practice, which establish a minimum standard of performance in the rendering of professional services. This ensures that users of appraisal services can have full confidence in Institute designations.
Opportunities for designated members to continue their professional development are offered through national and provincial conferences, seminars within a mandatory recertification program and other events. Associations and many local chapters also hold regular meetings, which provide a forum for discussion, education, and networking with peers.
The AIC has about 5,000 members across Canada, including both designated and candidate (student) members. Designated members, those who have earned use of the AACI or CRA designation, provide reasoned calculations, widely respected by the courts, real estate corporations, chartered banks, trust companies, mortgage lending institutions, all level of government and private individuals.
The Alberta Association of the Appraisal Institute of Canada represents the AIC in Alberta, and was incorporated under the Societies Act of the Province of Alberta on July 30, 1979. The Association provides services and information to AIC members and the public in the province, and currently has about 700 members within Alberta.
For further information about the Appraisal Institute of Canada, see their website at http://www.aicanada.org/.
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