The Appraisal Institute of Canada (AIC) offers two prestigious designations to those who have proceeded through their rigorous education, experience and examination requirements. Even after designation, individuals who hold either the Accredited Appraiser Canadian Institute (AACI) or Canadian Residential Appraiser (CRA) designations have ongoing requirements to maintain their designation. 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 their rigorous program of professional studies.
Canadian Residential Appraiser (CRA) "CRA" 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.
Accredited Appraiser Canadian Institute (AACI) "AACI" 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.
RI The Real Estate Institute of British Columbia (REIBC) offers an RI designation which is awarded to real estate professionals who have met a variety of educational and experience requirement as set out by REIBC. The application for Professional membership sets out the requirements. Once qualified as a Professional member, one becomes an RI.