|The rapidly evolving technological world has resulted in a situation where many clients for appraisals now have access to a substantial data base of information through the Internet. As well more and more publications, including local newspapers, cover real estate oriented topics and the general public is much better informed as to the rationale behind real estate valuation. Nevertheless, the requirement for highly trained appraisers will remain for resolution of more complex assignments and situations.
The most highly recognized institution for the regulation of appraisers in Canada is the Appraisal Institute of Canada. This national organization, in conjunction with many affiliate provincial organizations, regulates the training and ethical standards of the members of the Institute. The Institute regulates the appraisers through the Canadian Uniform Standards of Professional Appraisal Practice. Copies of the Standards are available to the public by contacting the Appraisal Institute of Canada.
The University of British Columbia is now the administering institution for the necessary courses to become an Accredited Appraiser. The academic requirements to become a CRA (Canadian Residential Appraiser) or an AACI (Accredited Appraiser Canadian Institute) are provided both by on-campus and distance delivery method. A new designation P.App (Professional Appraiser) will, in time, replace the AACI designation.
If you would like more details or information regarding the training for appraisers, call one of our appraisers who would be glad to be of assistance. Expertise, however, is gained from hands-on appraisal practice. As part of the accreditation requirements, candidates must have certified hours of actual appraisal preparation which is monitored under a mentorship program. As well, once an appraiser has become fully qualified, the training does not stop at that point. A mandatory Continuing Professional Development program is in place with the Appraisal Institute of Canada that requires appraisers to achieve sufficient hours of training to be recertified once every five years in order to maintain their designation.
All the appraisers with Penny & Keenleyside Appraisals Ltd., are members in good standing with the Appraisal Institute of Canada, and complete their reports in conformity with the Canadian Uniform Standards of Professional Appraisal Practice and the Code of Ethics. All members are recertified under the Continuing Professional Development requirements of the Institute.
Our appraisers have over 120 combined years of expertise in all areas of real estate valuation. Whether your needs are for mortgage financing, litigation, capital gains taxation concerns, assessment appeal or general business decisions, we are your trusted source for the expertise you require.