The Appraisal Institute of Canada offers two prestigious designations to those individuals who have proceeded through our rigorous education, experience and examination requirements. Even after designation, individuals who hold either our Accredited Appraiser Canadian Institute (AACI) or Canadian Residential Appraiser (CRA) designations have ongoing requirements to maintain their designation.
Effective January 1, 2006, AIC implemented a degree requirement for both of its designations. Members admitted after this date are not considered for designation unless they have completed an undergraduate degree in addition to the other curriculum, experience and designation requirements. There are several options to complete the degree requirements through distance education. Innovative education partnerships with the University of British Columbia, Thompson Rivers University, and Athabasca University provide students the opportunity to complete the majority of their academic requirements for AIC designation and their undergraduate degree concurrently.
Exemptions and transfer credit are considered for previous post-secondary work, so most students achieve their designation without taking all the required courses.
All courses are designed to be completed by distance education, with written and multiple-choice assignments submitted according to a set schedule, followed by a final examination. The Internet is used extensively as a learning resource.
A signed and sealed certificate and the appropriate designation pin is presented to each newly accredited member as evidence of their successful completion of the rigorous requirements for designation as an accredited member of the Appraisal Institute of Canada.
A qualified appraiser is recognized across Canada by the AACI, P.App or CRA designations, which are only awarded to those members who successfully complete this rigorous program of professional studies.
Canadian Residential Appraiser (CRA)
CRA (Canadian Residential Appraiser) designates members qualified in the appraisal and valuation of individual undeveloped residential dwelling sites and dwellings containing not more than four self-contained family housing units.
The CRA designation requires up to seven courses from AIC's Program of Professional Studies, completion of a residential guided case study, one year in the Applied Experience Program, and completion of both a written examination and oral interview. Individuals must also complete AIC's mandatory Professional Practice Seminar and in some cases, our introductory We Value Canada workshop.
Accredited Appraiser Canadian Institute (AACI)
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 property.
AACI, P.App (Professional Appraiser) may only be used by a fully accredited (AACI) member and must immediately follow the AACI designation.
The AACI designation requires up to eight additional courses from AIC's Program of Professional Studies (over those required for the CRA designation), completion of an income or agricultural case study, two years in the Applied Experience Program, and completion of both a written examination and oral interview. Individuals must also complete AIC's mandatory Professional Practice Seminar and in some cases, our introductory We Value Canada workshop.
Many members choose to earn their CRA designation and then complete the additional requirements to subsequently earn their AACI designation. Those that choose to go directly for the AACI designation can bypass the residential case study requirement.
Last updated May 17 2011