10 Reasons Why You Should Get An Appraisal?
1. Independant, Objective Valuation
The AACI or CRA is required to provide a completely objective opinion of the property Value, independent of any other business interests.
2. Solid, Professional Training
Institute designations are earned, not awarded, after a rigorous program of educational courses, and presently, a degree from a four-year program from a recognized University is also required in order to obtain a CRA or AACI, P.App designation.
3. Proven Valuation Experience
Appraisal Institute of Canada members earn their designation after articling under the direct supervision of an accredited Appraiser.
4. Universal Acceptability
Appraisals conducted by designated Appraisal Institute of Canada members are accepted with Canadian lenders, as well as judicial and regulatory bodies.
5. Ongoing Professional Development
The Appraisal Institute of Canada has a program for mandatory recertification of designations so that all members are current with industry trends. This means numerous training courses a year to ensure the Appraiser is up-to-date with the latest information and technology.
6. Self-Regulation
There is no legislation governing the practice of Real Estate Appraisal in Ontario, however the Appraisal Institute of Canada governs its members through a strict Code of Ethics, Standards of Professional Practice, and Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP)
7. Ongoing Partnerships
The Appraisal Institute of Canada regularly meets with representatives from governments, Real Estate, legal, lenders and other financial bodies to create a resource network to discuss industry and other related concerns.
8. Public Interest
The Appraisal Institute of Canada has a commitment to protect public interest through programs such as Liability Insurance and a complaints process help to reduce associated risks.
9. Career Commitment
A qualified Appraiser is recognized by the designations AACI or CRA, awarded by the Appraisal Institute of Canada - these Appraisers have dedicated themselves to a career in the Appraisal profession.
10. A History of Commitment
The Appraisal Institute of Canada designations represent more than 60 years of proven commitment.
Knowledge is the cornerstone of an Appraisal and a designated member of the Appraisal Institute of Canada puts all of their years of education and training to work for you to give you a professional opinion that you can trust.
