The Appraisal Institute of Canada is governed by a Board of Directors comprising the Officers (President, President-Elect, two Vice-Presidents, and Secretary/Treasurer) as well as Directors elected by the membership based on member representation provincially. The Board of Directors is supported by national and provincial staff as well as volunteers who serve on committees tasked with various roles and responsibilities.
The membership of the Institute is comprised of associates, students, candidates and designated members. AIC's two prestigious designations are the Accredited Appraiser Canadian Institute (AACI) and Canadian Residential Appraiser (CRA). Candidates are those individuals who have not yet met the requirements for either designation, but who are enrolled in the Institute's Program of Professional Studies. While designated members provide valuation advice on a diverse range of real property, Candidates may prepare and sign appraisal reports only if they are reviewed and co-signed by an AIC-designated member in good standing. Candidates and designated members are required to participate in AIC's mandatory liability insurance program which covers them for errors and omissions made in the course of their work.
Last updated October 11, 2008