Book 1 - Appraisal Institute of Canada

AppealCandidates anduse of the term ‘appraiser’By Andy Chopko, AACI, P. App, Member, Appeal CommitteeFor many years, Candidates have misusedand applied the term appraiser whensigning appraisal reports and/or introducingthemselves as real estate appraisers to clients.Designations with the Appraisal Institute of Canada(AIC) are earned designations – CRA Canadian ResidentialAppraiser and AACI Accredited AppraiserCanadian Institute.The term ‘appraiser’ gives an individual credibilityas a practicing professional in the appraisalindustry and utilization of the term ‘appraiser’when signing a property valuation or consultingreport is much like implying there is a designationattached to the individual’s name.When licensing was initiated in some Canadianprovinces, there was great debate as to licensing anindividual as an appraiser or as a Candidate. Thesediscussions became critical in the determinationof the class of licensed industry members. Thisalso holds true in terms of the status of industrymembers with the AIC.When applying the term ‘appraiser,’ a Candidateis adding the perception that the AIC qualifiesthat person for signing a property valuation or consultingreport, which is not the case. A Candidateis not an appraiser until designated; much like alawyer is a student at law until admitted to the Bar.Use of the term ‘appraiser’ can only be appliedin conjunction with a designation regarding theprofessional standing with the AIC. Designationsare earned through a rigorous education and mentoringprogram and, until an individual has receivedthe CRA or AACI designation awarded by theAIC, the term appraiser cannot be applied. Thus,Candidates cannot append the title ‘appraiser’ totheir names when signing an appraisal document.Additionally, P. App may be used by AACI membersin good standing, but only in conjunction with theAACI designation as such, AACI, P. App.“Use of the term ‘appraiser’ can only be applied inconjunction with a designation regarding the professionalstanding with the AIC. Designations are earned througha rigorous education and mentoring program and, untilan individual has received the CRA or AACI designationawarded by the AIC, the term appraiser cannot be applied.”In this regard, Professional Practice Committeesof the AIC have encountered complaints of Candidatemembers misusing the term ‘appraiser’ whenthey add the term ‘appraiser’ in signing appraisalvaluation and consulting reports. To clarify – aCandidate must only sign appraisal valuation andconsulting reports ‘as a Candidate’ to avoid misleadingthe public in terms of his or her standing withregard to the education and mentorship programswith the AIC.Designated members reviewing and co-signingappraisal valuation and consulting reports mustensure that the Candidate signs ‘as a Candidate’ andnot as an ‘appraiser.’ If a Candidate signs a valuationand consulting report using the term ‘appraiser’with his or her name, the Candidate is misleadingthe client and/or a member of the public regardinghis or her level of experience, education, and professionalstanding with the AIC.These provisions also apply to business cards andother promotional items. Candidates must not usethe term ‘appraiser’ with their names, as a Candidateis not an appraiser until designated with the AIC.Ethical Standards:5.4.6 “Promoting the Candidate membershipcategory in such a way that it might be perceived asa designation is misleading. AIC Candidate membersmust refrain from using initials or abbreviations thatmight be interpreted as relating to a designated status,i.e. CAN, as this is not an AIC designation, but refers tostatus within the Appraisal Institute of Canada.”5.4.7 “AIC Candidates are able to identifythemselves as a Candidate Member of the AppraisalInstitute of Canada (AIC). AIC Candidate membersmay identify that they are working under the mentorshipof a designated member of the Institute andidentify the mentor’s name and designation.”5.5.4 “It is unethical for Candidate members tosign any appraisal, review or consulting report unlessthe report is co-signed by an appropriately designatedmember.”5.5.5. “It is unethical for affiliate, associate orstudent members to hold themselves out in any wayas a practicing member of the Institute.”Appeal CommitteeLeonard Lee, AACI, P. App – ChairAllan Beatty, AACI, P. App, FellowAndrew Chopko, AACI, P. AppJohn Shevchuk, AssociateGordon Tomiuk, AACI, P. App, FellowTo contact this committee, email:appeal@aicanada.ca26Canadian Property Valuation Volume 54 | book 1 | 2010 Évaluation Immobilière au Canadaclick here to return to table of contents