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APPLIED EXPERIENCE PROGRAM -
APPRAISAL INSTITUTE OF CANADA

Transition from Articling to Applied Experience Program

Effective July 1, 2001, one year of involvement in the Applied Experience Program is the minimum experience required for use of the AACI designation. During the transition period, 200 logged days are equal to one year.

Effective July 1, 2001, six months of involvement in the Applied Experience Program is the minimum requirement for use of the CRA designation. During the transition period, 100 logged days are equal to six months.

For members who have submitted a logbook whereby the required time (as outlined above) has been awarded, the Articling Report form will serve as evidence of Applied Experience and no further documentation is required. Articling time awarded will be retained.

For members who have entered into a formal articling agreement but not submitted a logbook, the candidate and sponsor have the following options:

  • Submit an Articling Report Form, certified by the sponsor, when the required time (as outlined above) has been achieved.

  •  
  • Enroll in the Applied Experience Program, whereby the sponsor may become the mentor.

Oral Examination

Commencing July 1, 2001, some immediate changes will be evident:
  • The requirement for 5 - 6 samples of appraisal work product for use during the interview will be eliminated. It will be replaced with the requirement for a copy of the member's Demonstration Appraisal Report (or Guided Case Study) and two samples of the type of work the candidate does.

  •  
  • Academic questioning (materials tested in the education program) will be eliminated and replaced with enquiries into the member's actual or hypothetical application of the first principles and professional skills identified in the program.

Applied Experience Program

Effective July 1, 2001, all candidate members seeking designated membership status with the Appraisal Institute of Canada will be subject to the requirements of the Applied Experience Program.

The Applied Experience Program ensures that all designated members have obtained experience in the principles of value and the professional skills expected by our clients. Mentoring ensures that the candidate is guided in the development and application of the principles of value and professional skills.

The requirements of the program for the participants are as follows:
Must be a candidate member of the Appraisal Institute of Canada in good standing.

  • Must have successfully completed course 1101, Real Estate Appraisal - Basic Theory and the Appraisal Standards Seminar (or equivalents), prior to the introductory process.

  •  
  • Must find an appropriate mentor and meet the requirements of the Applied Experience Program, prior to applying for designated member status.

  •  
  • Candidate and mentor must meet with the Board of Examiners to familiarize themselves with the Institute's expectations at the commencement date of the applied experience period.

  •  
  • Must attain not less than six months of applied experience to qualify for the CRA designation, commencing after the date of the introductory meeting.

  •  
  • Must attain not less than one year of applied experience to qualify for the AACI designation, commencing after the date of the introductory meeting.

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  • At the completion of all designation requirements and prior to the candidate attending an oral interview before the Committee of Examiners, the candidate and mentor must certify that the applied experience requirement has been satisfied.

Introductory Process

  • Candidate to contact Provincial Association office.

  •  
  • Provincial Association mail introductory package to candidate, which will include a profile of the type of mentor recommended.

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  • Candidate to request introductory meeting with mentor and a representative of the Committee of Examiners (can be done via conference call). Candidate and mentor to be fully familiarized with Institute expectations and future oral examination structure.
At the time of the introductory meeting, the Committee of Examiners will determine whether the anticipated applied experience will satisfy the requirements set out and inform the candidate.

The Mentor

The mentor will be a well regarded professional from a property related discipline, preferably the same discipline as the candidate, who is willing to commit to the requirements, as outlined, during the introductory process.

The mentor must be willing to instruct the candidate in "First Principles" as related to work experience; must be willing to report to the Committee of Examiners with recommendations regarding the candidate's application and understanding of first principles. The qualifications of the mentor are to be judged by the candidate to best support their success in the Applied Experience Program. The mentor does not necessarily have to be a designated member of the Institute.

Upon completion of the Applied Experience Program, the mentors must provide to the provincial association office, a brief description of their involvement and confirmation that the candidate has applied knowledge of First Principles, which will in turn, be provided to the Committee of Examiners at the time candidate applies for designated member status.

First Principles

In order to achieve use of the CRA or AACI designation, the candidate must have experience and be proficient in the following First Principles of property value. Candidates employed in any of the real estate related disciplines listed must have experience in application and principles, which currently include the following:
  • Problem Identification
  • Property Content
  • Definition of Value
  • Function/Purpose
  • Highest & Best Use
  • Land Use Regulations
  • Economic Variables
  • Principles of Value
  • Legal Issues
  • Research

Critical Professional Skills

In addition to First Principles, candidates must acquire what are determined to be "Critical Professional Skills". These skill sets are:
  • Ethics
  • Effective Communication
  • Critical Thinking

Recognized Areas of Applied Experience

When related to real estate and the list of First Principles, the following areas of experience qualify under the Applied Experience Program:
  • All areas of valuation
  • Negotiation
  • Due Diligence
  • Arbitration/Alternative Dispute Resolution
  • Project Management
  • Strategic Advice
  • Appraisal Review
  • Feasibility/Highest & Best Use Studies
  • Expropriation
  • Lease Administration
  • Native Land Claims
  • Financing
  • Management of Valuation Related Organizations
  • Consulting
  • Professional/Liability/Appraisals/Litigation (insurance)
  • Site Selection Analysis
  • Environmental Specialization
  • Research
  • Land Agency
  • Property Management
  • Land Use Planning
  • Property Development
  • Quantity Surveying
  • Land Surveying
  • Accounting
  • Engineering
  • Law
  • Right-of Way Agents
  • Forestry
  • Litigation
  • Security Issues
Submission to Committee of Examiners Prior to Oral Exam:

From Candidate:

  • Application for Designated Membership (containing date of introductory meeting).

  •  
  • Report (not to exceed six pages) containing:

  • - high-level description of applied work experience acquired
    - frequency and involvement of first principles
    - brief summary of how experience included each First Principle (separately)
    and how often each first principle was involved.
and
  • CRA Designation

  • Single family Demonstration Appraisal Report and two samples of the work the candidate does replaces "work product".

or
  • AACI Designation

  • Income Producing Demonstration Appraisal Report or Guided Case Study and two samples of the work the candidate does replaces "work product".

From Mentor:

  • Brief description of involvement and confirmation that the candidate has applied knowledge of First Principles

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  • Recommendation that the candidate is ready for designation

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  • Mentor to attend examination as an observer (this may be achieved via teleconference.)
Note that if the mentor is not a member of the Appraisal Institute of Canada, the candidate will also require a recommendation from a member holding either the AACI or CRA designation.

Oral Examination Components

Part 1     Questions surrounding experience samples, i.e.,  Demo or Guided Case Study together with  2
                samples of what the candidate actually does.

30%

Part 2     Questions concerning principles of value as related to candidate's discipline from examples solicited
                from the candidate as it relates
to:  
                                                                   

                            Problem Identification                Highest & Best Use
                            Property Rights                         Land Use Regulations
                            Definition of Value                     Economic Variables
                            Function/Purpose                      Legal Issues                      

36%
Part 3     Evaluation of Breadth & Depth of claimed experience based on Committee's observations from
                Parts 1 and 2                            

Breadth (variety)       56%
Depth (extent)            5%

Part 4    Evaluation of Professional Skills and behaviors based on 
Committee's observations from
                Parts 1 and 2  (Ethics, Communications, Critical Thinking)

24%

                                                                                                        Total                             100%


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