Book 4 - Appraisal Institute of Canada

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InternationalProfessional Development OpportunitiesBy Charles Johnstone, AACIn the last issue of Canadian Property Valuation,Keith Goodwin, AACI, Fellow described whyour Appraisal Institute of Canada (AIC) needsto be at the international table, actively participatingin relevant international valuation organizationslike WAVO (World Association of ValuationOrganisations) and IVSC (International ValuationsStandards Committee). I wholeheartedly concurwith Keith; by actively participating and/or providingleadership in these relevant global initiatives, we arecreating a greater value to the AIC as a whole and toeach member by extension.I want to focus on one statement in hisarticle: “The continued strengthening and forgingof international relationships through membershipin individual organizations, but also by directinvolvement with individual organizations, providesAIC with many different opportunities.” This articlefocuses on how this statement could bring benefitto you as opposed to AIC as a whole.Each of us has a responsibility for our owncontinuing professional development. As anassociation, we have developed the minimumcriteria that define the mandatory continuingprofessional development (CPD) program, butour CPD program is truly flexible and allows agreat deal of individual choice. Given both theneed for and flexibility of continuing professionaldevelopment, why not consider the benefits ofmixing business and pleasure by planning foryour direct involvement in another valuationorganization’s event?Over the past five years, I have been planningand organizing my own international valuationsymposiums on behalf of the International PropertyCharles Johnstone waiting for the Hong KongSymposium to begin.Tax Institute (IPTI). I suppose this can be viewedas the ultimate flexibility in defining my individualchoices in what I want to learn. Do not get mewrong, I am not suggesting that each of you shouldstart planning conferences. What I am suggesting, asdid Keith in his article, is that you explore the optionof taking advantage of the international partnershipsthat the AIC is currently forging and become directlyinvolved in what they have to offer.The first three valuation symposiums Iplanned were held in Canada and each attractedinternational participation. In addition to IPTI, Iwas able to draw on support from the Universityof British Columbia (UBC), AIC, the Real EstateInstitute of BC, MPAC, and PWGSC. As a Canadianand a member of the AIC, I found it rewarding toknow that the world really does want and need alittle more of what we Canadians have to offer. Asa valuer and a participant, I was equally rewardedby discovering that Canadians also have much tolearn from the experiences of others. Perhaps themost important lesson I learned from these firstthree was the demand for international knowledgesharing. As a result, I was able to find partners forsuccessful events that were held in South Africaand Hong Kong.My own development at these events wentwell beyond the university campuses where24Canadian Property Valuation Volume 54 | book 4 | 2010 Évaluation Immobilière au Canadaclick here to return to table 0f contents
they were held. For instance, my son and I hada firsthand opportunity to consider the value of“spotting the Big 5” (i.e., lion, elephant, leopard,rhino and cape buffalo) at Kruger National Park inSouth Africa. I also had the opportunity to meetwith the directors of the South African Councilfor the Property Valuation Profession to discusscommon challenges to our profession. Personally,I achieved and learned far more than the myrecorded 13 CPD credits would indicate.This past year in Hong Kong, I had theopportunity to network with, as well as listento, presentations from members of our WAVOsister organizations from Australia, Hong Kongand Singapore. Did you know that we have AACIsworking for the assessment department (RVD) inHong Kong?It was interesting and I suppose somewhatreassuring to learn that these senior volunteers inour sister organizations are facing similar changesand challenges as we are at the AIC. Commontopics were: the market place shift from singleproperty appraisals to mass appraisals for lendingpurposes; the need to set high educational andprofessional standards to distinguish valuationas a profession; and, the need for internationalMy Dad and I at the Dragon Boat Races with theHong Kong Institute of Surveryors.“By planning ahead to mixbusiness with pleasure, yourCPD record can representacquiring memories,experiences and learning far”beyond the hours entered.partnerships, such as WAVO, to not only allow forthe portability of members and their designations,but also to show the international relevance andcredibility of the designation back home. Anadditional common opportunity identified fromthis group is the high ethical standards that weset for membership. These high ethical standardsare a critical component of the services that weoffer as professionals and are especially relevant indeveloping economies where this shared value maynot be self-evident. Once again, the satisfaction,learning and professional development obtained atthis international symposium was far greater thanindicated by the 15 CPD credits I recorded.At a recent Credit Valley chapter meeting, oneof our members was relaying the learning anddevelopment that he had obtained by attendingWorld Valuation Congress (WVC) events held overthe past 25 years; of the 11 that were held, only onewas hosted in Canada. Professor Phillip White of UBCwas well ahead of his time in identifying the need forestablishing international valuation organizations likethe WVC. Although the WVC appears to be no longeractive, the groundwork was laid and, in many ways,organizations like WAVO and IPTI are fulfilling andredefining the gap that was left in the provision ofinternational professional development opportunitiesfor valuers.The next time you consider your continuingprofessional development, why not approach it alittle differently? Rather than looking at it as creditsthat AIC expects you to achieve, look at it for theopportunity that it really represents over the fiveyearcycle. Take the time to look at the websites ofour sister organizations and other related institutesand review the conferences and symposiums thatthey offer.Consider how wrapping some family time ora personal goal around one of these professionaldevelopment offerings could bring additionalbenefits. Maybe then some of the credits thatyou record on the website will be more than justnumbers. By planning ahead to mix business withpleasure, your CPD record can represent acquiringmemories, experiences and learning far beyond thehours entered.Charles Johnstone; an unknown clown; Philip Western,API; and Tom Johnstone, AACI – Honorary, clowningaround with friends and family.Charles Johnstone, AACI, is Chair of AIC’sProfessional Qualifications and CompetencyCommittee. He is a managing director at AECInternational, a Canadian consulting firm thatspecializes in property assessment and propertytax managementclick here to return to table 0f contentsCanadian Property Valuation Volume 54 | book 4 | 2010 Évaluation Immobilière au Canada 25
Page 3 and 4: CRAL2010$599 *The Appraiser’s Cho
Page 5 and 6: Published by theVolume 54, Book 4,
Page 7: “Our membership is aging and the
Page 16: RAPPORT du Chef de la directionDeme
Page 20 and 21: Member profileFrom appraiser to ass
Page 22 and 23: Volunteer RecognitionCommitment and
Page 26: Evolving the AIC brandThe Appraisal
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Page 34 and 35: NominatingVolunteer skill setsmake
Page 37 and 38: Peer ReviewThe future of peer revie
Page 39 and 40: PACCElectronic datasecurity and pri
Page 41 and 42: AdjudicatingThe Standards revisited
Page 43 and 44: Learning AdvisoryBy Larry Dybvig, A
Page 46 and 47: Designations/Candidates/StudentsAIC
Page 48 and 49: Annual ConferenceOF THE APPRAISAL I
Page 50 and 51: Calendar of EventsAICBC2011 Annual
Page 52: ACI365CompleteAppraisalOfficeManage

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