About the Appraisal Institute of Canada
Shawn O’Connor is an AACI designated appraiser providing appraisal services in Muskoka, Ontario, Canada.
The Appraisal Institute of Canada website describes designated members as follows:
Designated Members of the Appraisal Institute of Canada are those who have completed AIC’s rigorous curriculum, experience and examination requirements to earn one of the following designations:
ACCREDITED APPRAISER CANADIAN INSTITUTE (AACI™): The AACI designation is granted to individuals who have completed the AACI program of studies and fulfilled all the professional requirements of the Appraisal Institute of Canada. AACI members are qualified to offer valuation and consulting services and expertise for all types of real property.
P.App (Professional Appraiser) is used by Members with the AACI designation (e.g. Jane Doe, AACI, P.App)
CANADIAN RESIDENTIAL APPRAISER (CRA™): The CRA designation is granted to individuals who have completed the CRA program of studies and fulfilled all the professional requirements of the Appraisal Institute of Canada. CRA members are qualified to offer valuation and consulting services and expertise for individual, undeveloped residential dwelling sites and dwellings containing not more than four self-contained family housing units.
Designated Members must adhere to AIC’s Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP) and undertake on-going professional development. In return, they enjoy the full support of the Institute and access to services, resources and intelligence that enables them to practice their profession with confidence.”
Members of the Institute are required to comply with the Standards of the Institute as defined by CUSPAP and Institute by-laws.
The following text is available on the Appraisal Institute of Canada (AIC) website and is presented here to assist in understanding the AACI appraiser designation and the role of the AIC in serving its members and the general public.
THE APPRAISAL INSTITUTE OF CANADA…
COMMITTED TO EDUCATE, DESIGNATE AND ADVOCATE ON BEHALF OF OUR MEMBERS
The Appraisal Institute of Canada (AIC) is a leading real property valuation association with over 4,900 members across Canada and around the world. Established in 1938, the AIC works collaboratively with its 10 provincial affiliated associations to grant the distinguished Accredited Appraiser Canadian Institute (AACI™) and Canadian Residential Appraiser (CRA™) designations. The AIC is a self-regulating organization that is guided by a Code of Conduct, and Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP) to ensure that our members:
· Maintain the highest level of integrity and professionalism;
· Engage in conduct that will instill confidence and protect the public interest;
· Provide quality services within their areas of competence; and,
· Commit themselves to principles that reflect high standards of professionalism.
AIC Designated Members are highly qualified, respected professionals who undertake comprehensive curriculum, experience and examination requirements. They are committed to ongoing continuing professional development to maintain the highest level of competency within an evolving marketplace. Our members provide unbiased appraisal, review, consulting and reserve fund planning services on all types of properties within their areas of competence.
AIC’s mission is to promote and support our members in providing high quality property advisory services for the benefit of clients, employers, and the public.
Members count on the Appraisal Institute of Canada to guide them through the designation process and provide ongoing professional development programs, resources and support to keep them current on market trends and valuation techniques within the real estate sector. Whether it is our continuing education curriculum, quarterly publication, Canadian Property Valuation, our annual conference, a members-only website, access to international publications and libraries, or regular Communiqués, AIC works to inform and connect our members on leading professional issues that are important to their success. AIC promotes our membership and engages in public relations activities to ensure the professional reputation of our members is upheld. Through national advertising initiatives, media relations, social media and advocacy work at both the national and provincial level, AIC is committed to advancing the interests of our members.
AIC also works in the best interest of the Canadian consumer through a rigorous self-regulation program of professional practice. We are the first point of contact for consumers and clients who have questions, issues or concerns about our profession, any of our Designated Members or their work. We provide mandatory professional liability insurance to our members to ensure the protection of both the consumer and our members, and have implemented a Research and Development Fund to advance our knowledge of key issues affecting our profession.
2013 marked the 75th Anniversary of the Appraisal Institute of Canada. Since its founding in 1938, AIC has been devoted to raising the professional bar for real estate appraisal in Canada, supporting its members and promoting the appraisal profession in Canada. AIC continues to advocate on behalf of the profession and champion the importance of real property valuation.