Book 4 - Appraisal Institute of Canada

Applied ExperienceIntroducing the AppliedExperience CommitteeBy April Green, AACIMember, Applied Experience CommitteeThe Appraisal Institute of Canada’s (AIC’s)Applied Experience Committee (AEC)became a standing committee of theAIC Board of Directors in June 2010. The purposeof the AEC is to advise the Board on all mattersregarding the Applied Experience and Mentoringprograms for the Institute’s AACI and CRAdesignations. Currently, the AEC is comprisedof two AACIs, two CRAs, a Candidate member,a representative from the University of BritishColumbia (UBC), a provincial affiliate liaison anda Board liaison, with cross Canada representationfrom Nova Scotia to British Columbia.As a new standing committee, we would liketo inform members of some of the responsibilitiesof the AEC, as well as the steps Candidatesare required to take to complete the AppliedExperience program (AEP).What are the responsibilities of the AEC?The AEC’s responsibilities are to propose policiesand initiatives with respect to:• all aspects of the AEP including:• Applied Experience examination (AE exam):- exam questions- exam reviewers• Professional competency interview:- training for interviewers- questions- consistency• Website resources related to AEP• The AIC Mentoring program:• mentor training program• performance measurements of thementor and mentee• Availability of mentorsWhat are the steps tocomplete the AEP program?1. Formal enrolment in the AEP takes place throughan application filed with the Candidate’s provincialaffiliate office. This includes submissionof a written plan to complete the experiencerequirements in a working environment thatpromotes the acquisition of critical professionalcompetencies under the guidance of a mentor.The plan should demonstrate how the Candidatewill achieve breadth and depth of experience inthe application of the First Principles of Value invaried and increasingly complex assignmentsand must include written confirmation of thementor’s commitment to the program.“The purpose of the AEC is to advise the Board onall matters regarding the Applied Experience andMentoring programs for the Institute’s AACI andCRA designations.”2. Completion of a minimum of one year ofmentored experience within the last twoyears preceding the application of sittingthe CRA designation AE exam, or a minimumof two years within the last four yearspreceding the application of sitting the AACIdesignation AE exam3. Application for designation, including the finalreport on the mentored experience and thecertification of readiness by the mentor, alongwith documentation supporting completion ofeducation and curriculum requirements.4. Successful completion of the written AE examand the professional competency interview.The AEC recently met in Ottawa and is currentlyworking on a number of initiatives with respectto the AEP and Mentoring program.Applied Experience CommitteeDuane Bates, AACI – ChairTroy Davidson, CRASusan McRury, CRAApril Green, AACITyler Beatty, CandidateJohn Bridal, UBCSuzanne Teal, ED, AIC – ABKimberly Maber, AACI – Board LiaisonTo contact this committee, email:aec@aicanada.ca32Canadian Property Valuation Volume 54 | book 4 | 2010 Évaluation Immobilière au Canadaclick here to return to table 0f contents