Appraisal Institute of Canada

Founded in 1938, the Appraisal Institute of Canada (AIC) is a self-regulating professional association whose mandate is to serve the public interest and advance the standards and professionalism of real value experts.

In order to serve the public interest, the AIC grants the use of the CRA (Canadian Residential Appraiser), AACI (Accredited Appraiser Canadian Institute), and P. App (Professional Appraiser) designations. AIC members are highly sought after for real property valuation or related advisory services.

In addition to designations, the AIC represents professional real estate appraisers and valuation consultants nationally and is responsible for career awareness and promotion, research, education, and communication.

With more than 5,150 members across Canada, the AIC is proud that the work of its members is highly regarded by the courts, real estate corporations, chartered banks, trust companies, mortgage lending institutions as well as all levels of government and private individuals.

AIC has taken a similar approach to many other professional designating bodies in establishing a ‘Triple E’ model for AIC Candidates working toward either the CRA or AACI, P. App designations. Education, applied experience and written examination and oral interview are the foundation on which the Path to Designation is mapped, so that Candidates acquire the necessary academic foundation and critical professional skills to succeed in their chosen career.

The Path to Designation is comprised of a rigid university-level education program known as the AIC Program of Professional Studies which is administered by AIC’s primary education partner, the University of British Columbia. The education component of the path also includes AIC's mandatory Professional Practice Seminar and AIC’s introductory We Value Canada online workshop.

AIC Code of Professional Conduct

Unprofessional conduct is any act or conduct, whether or not it relates to professional activities by a Member including but not limited to:

• any act that is detrimental to the best interests of the public or harms the integrity of the profession;
• any act or omission that violates the CUSPAP, Bylaws, Regulations or Policies of the Institute;
• any act that contravenes, or failure to comply with an order, or a restriction or undertaking given to the Institute;
• any non-cooperation with the Institute;
• any false or misleading statements made by a Member to the Institute;
• any harassment or inappropriate conduct directed towards any of the Board of Directors of the Institute; Counsellor, Professional Practice; Professional Practice Committee member; Professional Practice Advocate or any employee of the Institute;
• any inappropriate disclosure of information that is confidential including the contents of all reports and documents, including the source of a Complaint and the existence of any complaint investigation and any interim or final decision; and
• any inappropriate conduct directed towards a complainant that may be deemed as being retaliatory or retribution for the submission of a complaint. 

AIC Code of Ethics

Members of the Institute pledge to conduct themselves in a manner that is not detrimental to the public, the Institute, or the real property appraisal profession. Members’ relationships with other members and the Institute shall portray courtesy and good faith and show respect for the Institute and its procedures. Conduct that may be deemed unethical includes but is not limited to:

• knowingly act in a manner that is misleading;
• acting in a manner that is fraudulent;
• knowingly complete an assignment that reasonable appraisers could not support;
• claim qualifications, including Continuing Professional Development credits, improperly;
• undertake an assignment lacking the necessary competence;
• not to have access to records;
• disclose results of an assignment to anyone but the client, except with the client’s permission;
• fail to reveal any conflict of interest;
• accept an appraisal assignment that is contingent on the result.