10 REASONS TO USE AN APPRAISER WITH THE AACI OR CRA DESIGNATION

Knowing the value of real estate is critical today. Reduce your liability and beassured of reliable real estate appraisal by using professional real estateappraisers with designations from the Appraisal Institute of Canada.

HERE'S WHY:

#1 - INDEPENDENT, OBJECTIVE VALUATION

The AACI or CRA is required to provide a completely objective opinion ofvalue, independent of any other business interests.

#2 - SOLID PROFESSIONAL TRAINING

Designations are earned after completion of an academic program of studiesfrom an approved college or university and articling under a practicingprofessional appraiser and completion of demonstration appraisal reports.

#3 - PROVEN VALUATION EXPERIENCE

Institute designated members earn their designation after demonstratedsupervised appraisal experience in the market.

#4 - CAREER COMMITMENT

Appraisers with Institute designations are committed to a career in theappraisal profession.

#5 - ONGOING PROFESSIONAL DEVELOPMENT

The Institute has a program of mandatory recertification of its designations -that means members are current and prepared.

#6 - SELF REGULATION

There is no legislation governing the practice of real estate appraisal. TheAppraisal Institute governs its members through a strict Code of Ethics andStandards of Professional Practice. Members who do not follow the rules aredisciplined up to and including expulsion.

#7 - ONGOING PARTNERSHIP WITH LENDERS

Appraisal Institute regularly meets with representative from Canada's lendersand bodies such as the Canada Deposit Insurance Corporation and CMHC todiscuss industry concerns.

#8 - PUBLIC INTEREST

The Appraisal Institute is committed to protecting the pubic interest; that iswhy programs such as the Liability Insurance have been developed.

#9 - UNIVERSAL ACCEPTABILITY

Appraisals done by designated Institute members are accepted not only byCanadian lenders but also by judicial and regulatory bodies, for purposes ofdivorce and arbitration, among others.

#10 - HISTORY OF COMMITMENT

Appraisal Institute designations represent more than 50 years of commitmentto real estate appraisal as a profession.

AACI - Accredited Appraiser Canadian Institute: Designates fully accredited membership in the Institute and may be used bythe holder in connection with the appraisal of a wide range of real property.
CRA - Canadian Residential Appraiser: Designates individuals qualified in the appraisal and valuation of individualundeveloped residential dwelling sites and dwellings containing not more thanfour self containing family housing units.