Path To Designation – Candidate Member
How to Become a Candidate Member?
If you have completed at least two years of post-secondary studies* at a Canadian university, college, or Cégep , you can become a Candidate Member as you work towards obtaining your AACI or CRA designation.
A Candidate Member typically works actively in the profession, earning money as an appraiser-in-training and taking courses simultaneously. If you have successfully completed at least two years of post-secondary education from a college, Cégep or university, you can get started on becoming a Candidate Member of the AIC today!
What steps do I follow?
| STEP 1 | STEP 2 | |
|---|---|---|
| Take these courses: AIC 101 – Introduction to the Appraisal Profession (3-hour webinar, available online most months). BUSI 330 – Foundations of Real Estate or equivalent (an online UBC course, available 3 times a year). | Complete the AIC 102: Introduction to Professional Practice Seminar. The AIC Introduction to Professional Practice Seminar must be completed prior to being accepted as a Candidate. |
Fill out an Application Form:
Complete a Candidate Member Application Form, and submit it to your provincial office.
NOTE: As part of the Candidate application process, new applicants will be subject to a mandatory Criminal Record Check. More information is available in the application form.
How to earn an AIC Designation as a Candidate Member
You need 2 components to complete all Candidate Member requirements: Courses and Applied Experience.
The courses are all online through the University of British Columbia, so you can take them from anywhere in the world.
AIC/UBC Courses:
- BUSI 100 – Micro Foundations of Real Estate Economics
- BUSI 101 – Capital Markets and Real Estate (Prerequisite BUSI 100)
- BUSI 111 – BC Real Property Law and Real Estate Ethics OR BUSI 112 – Canadian Real Property Law and Real Estate Ethics
- BUSI 121 – Foundations of Real Estate Mathematics OR BUSI 344 – Statistical and Computer Applications in Valuation
- BUSI 352 – Case Studies in Residential Appraisal
- BUSI 400 – Residential Property Analysis
- BUSI 433 Real Estate Business, OR BUSI 443 Foundations of Real Property Assessment and Mass Appraisal
- Guided Case Study: BUSI 398 – Residential Property GCS, OR BUSI 444 – Comprehensive Case Study Examination Equivalency.
AIC’s Applied Experience Program requires that CRA Candidates complete BUSI 400 within the first 12 months of becoming a Candidate.
AIC/UBC Courses:
- BUSI 100 – Micro Foundations of Real Estate Economics
- BUSI 101 – Capital Markets and Real Estate (Prerequisite BUSI 100)
- BUSI 111 – BC Real Property Law and Real Estate Ethics OR BUSI 112 – Canadian Real Property Law and Real Estate Ethics
- BUSI 121 – Foundations of Real Estate Mathematics
- BUSI 293 – Introduction to Financial Accounting
- BUSI 300 – Urban and Real Estate Economics
- BUSI 331 – Real Estate Investment Analysis and Advanced Income Appraisal
- BUSI 344 – Statistical and Computer Applications in Valuation
- BUSI 400 – Residential Property Analysis*
- BUSI 401 – Commercial Property Analysis*
- BUSI 433 Real Estate Business, OR BUSI 443 Foundations of Real Property Assessment and Mass Appraisal
- BUSI 442 – Case Studies in Appraisal I
- BUSI 452 – Case Studies in Appraisal II
- BUSI 460 – Critical Analysis and Forecasting in Real Estate
- Guided Case Study: BUSI 497 – Agricultural Guided Case Study OR BUSI 499 – Income Property Guided Case Study
AIC’s Applied Experience Program requires that AACI Candidates complete either BUSI 400 or 401 within the first 12 months of becoming a Candidate.
The Applied Experience Program (AEP) provides practical experience within the valuation industry, and ensures that all Candidate Members obtain relevant experience in the application of the First Principles of Value in a professional setting and develop the professional competencies of AIC Members that are expected by clients.
The AEP includes of a series of self-paced webinars which candidates are required to complete prior to taking the AEP Exam in addition to minimum work experience hours and the opportunity to specialize work experience.
The minimum experience requirement is counted from the day of acceptance into the AEP. Candidates will be notified by the provincial affiliated office of the date of acceptance.
Candidates must attain no less than one year of applied experience prior to writing the CRA Applied Experience Exam.
The minimum experience requirement is counted from the day of acceptance into the AEP. Candidates will be notified by the provincial affiliated office of the date of acceptance.
Candidates must attain no less than two years of applied experience prior to writing the AACI Applied Experience Exam.
Final Step
The Applied Experience Written Exam (administered by University of British Columbia)
The Applied Experience Written Exam assesses a Candidate Member’s understanding of the First Principles of Value as they relate to experiential knowledge. Experiential knowledge refers to the wisdom gained from experience and insight in applying academic knowledge to actual or simulated situations.
Candidates must complete a university degree before sitting the Applied Experience written exam.
Membership Maintenance
There are a few important Candidate Member policies you should be aware of. All Candidate Members must adhere to these policies:
| Deadline to Complete Designation | Continuing Professional Development | Mandatory Review | Candidate Co-Signing | Professional Liability Insurance |
|---|---|---|---|---|
| An AIC designation must be completed within 10 years of becoming a Candidate Member. | A Candidate must complete 24 credits every two-year cycle including one university credit course (12 credits) and a One-Day Professional Practice Seminar (7 credits) plus five discretionary credits. | This new program is designed to advance the Canadian real property appraisal profession and protect the public interest by supporting members and providing education, with a focus on quality of work and compliance with CUSPAP for all Members. | Any appraisal reports signed by a Candidate Member must be co-signed by an AIC-Designated Member who is responsible for adding the Candidate Member to the AIC’s Co-Signing Registry. | A Candidate Member must be enrolled in AIC’s Professional Liability Insurance Program. |
More questions?
Read our Path to Designation Frequently Asked Questions.
Click here to download the steps to a P. App., CRA designation.
Click here to download the steps to a P. App., AACI designation.
Click here to download the steps to a P. App., AACI designation FROM a P. App., CRA designation.
