New agreement recognizes the shared excellence of AIC and AI valuation designations
OTTAWA, June 9, 2016 /CNW/ - The Appraisal Institute of Canada (AIC) and the Appraisal Institute (AI), two of the leading valuation associations in North America, today announced an agreement that mutually recognizes the excellence and quality of the AIC's AACI and CRA designations and the Appraisal Institute's MAI and SRA designations. The agreement acknowledges the rigorous education and designation processes, professional standards and ethics of each respective organization.
"The AIC and AI designations have, in their respective countries and internationally, long been seen as a true mark of professionalism and quality," states Daniel Doucet, AACI, P.App, President of the AIC. "This agreement builds on that recognition and provides a platform to advance the profession across borders."
Through this agreement, Designated Members of either the AIC or the AI will be able to pursue the organizations' respective designations (AACI <- -> MAI - CRA <- -> SRA) with recognition of their professional education, knowledge and experience.
"This recognition means that clients on either side of the border may confidently engage appraisal professionals with AACI, MAI, CRA or SRA designations, and they will know that the individual holding any of the designations has satisfied rigorous requirements," said Scott Robinson, MAI President of the AI.
"As real estate markets have become more global, recognition of international qualifications is much more important," he added.
The announcement was made today at a partnership luncheon during the 2016 AIC Conference in Winnipeg, Manitoba. The Executives of the Appraisal Institute and the Appraisal Institute of Canada were present to sign the agreement in front of more than 300 AIC members and delegates.
"We are delighted to have this opportunity to work with our AIC partner to enhance the history of professionalism in real property valuation. Both organizations have a strong legacy of providing value-added services to their clients," said Robinson.
The Appraisal Institute of Canada (AIC) is a leading real property valuation association with over 5,000 members across Canada. 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. AIC Designated Members are highly qualified, respected professionals who undertake comprehensive curriculum, experience and examination requirements. Our members provide unbiased appraisal, appraisal review, consulting, reserve fund study and machinery and equipment appraisal services on all types of properties within their areas of competence. For more information, go to www.AICanada.ca and follow AIC on LinkedIn, Twitter, Facebook and the AIC Exchange.
The Appraisal Institute is a global professional association of real estate appraisers, with nearly 20,000 professionals in almost 60 countries throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide. Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Individuals of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA, SRA, AI-GRS and AI-RRS designations. Learn more at www.appraisalinstitute.org. Stay connected with the latest news from the Appraisal Institute by following us on Facebook, Twitter, LinkedIn, YouTube and our blog, Opinions of Value.
SOURCE Appraisal Institute of Canada
For further information: Sheila Roy, Appraisal Institute of Canada, O 613-234-6533 x224; M 613-863-0127, [email protected]; Ken Chitester, Appraisal Institute, O 312-335-4290; M 312-351-2818, [email protected]