The Alberta Assessors’ Association (AAA) has implemented a Fast Track Program for those seeking the AAA’s Accredited Municipal Assessor of Alberta (AMAA) designation. The Fast Track Program is targeted at graduates of business schools across Canada, offering these graduates a clear career development path leading towards employment in the property assessment industry. The program is intended to supplement students’ general business knowledge with skills and abilities specific to real property assessment. Completion of this program will satisfy all of the educational requirements for the AMAA designation. To obtain the AMAA designation candidates must also complete additional Professional Designation Requirements.
Admission to the program is based upon applicable post-secondary education. Minimum admission requirement is the completion of an undergraduate degree inclusive of the specific course requirements set out in the Admissions Guidelines. Normal admission requirement is successful completion of an undergraduate business degree offered by a Canadian university (e.g., Bachelor of Commerce, Bachelor of Business Administration, etc.). Non-Canadian degrees and other types of degrees are evaluated on a case-by-case basis using the established Admissions Guidelines. If education was completed at a non-English-speaking institution, students will be required to demonstrate proficiency in English. Applicants to the program must complete the application form and submit the required documentation and applicable fees for UBC admission and transcript review.
Students may apply for transfer credit on the basis of previous post-secondary education which is essentially similar to courses in this program. Where exemptions have been granted, a student must complete at minimum 50% of the total program credits to be eligible for a UBC credential. See the Course Equivalencies and Transcript Reviews webpage for more information.
The Fast Track Program consists of a total of six courses, five of which are required and one of which is chosen as an elective. Most courses are 13 weeks in length. All courses are designed to be completed by distance education, with written and multiple-choice assignments submitted according to a set schedule, followed by a final examination. The internet is used as a supplemental resource, as well as the use of videos in some courses.
Most Program courses are offered in both Winter terms, with select courses also available in the Summer term. Subject to prerequisites, students may take the courses in any order. Most students are working professionals and find one course per term manageable. Students wishing to accelerate their program however, may register for more than one course at the same time. Students should expect to commit at least ten hours per week to their studies and assignments. The material is not easy. Diligence, organization, and self-discipline are vital.
The following courses are required:
- BUSI 330 Foundations of Real Estate Appraisal
- BUSI 331 Real Estate Investment Analysis and Advanced Income Appraisal
- BUSI 344 Statistical and Computer Applications in Valuation
- BUSI 443 Foundations of Real Property Assessment and Mass Appraisal
- BUSI 444 Advanced Computer Assisted Mass Appraisal
In addition to the 5 core courses, one of the following elective courses is required:
- BUSI 300 Foundations of Real Estate Economics
- BUSI 400 Residential Property Analysis
- BUSI 401 Commercial Property Analysis
- BUSI 460 Critical Analysis and Forecasting
These courses are senior level undergraduate level courses, focussing on real estate and urban economics, an established research area within the Sauder School of Business. The required courses provide students with a solid foundation in real property valuation principles, as well as an understanding of how these principles are applied in a practical setting. The elective course provides an opportunity for students to broaden their valuation education, exploring areas of interest in their professional career. The elective courses have been specifically chosen to broaden students’ awareness of career opportunities beyond traditional valuation, in order to diversify their professional capabilities.
Courses completed within the Fast Track Program may also count towards additional credentials including the Certificate in Real Property Assessment, the Diploma Program in Urban Land Economics, as well as the Bachelor of Business in Real Estate Program (BBRE), as offered by the University of British Columbia (UBC).
The Hewlett Packard (HP) 10BII+ calculator will be used in the demonstration of analytical techniques in the program of studies; however, there are a variety of pre-programmed financial calculators on the market, some of which will perform more sophisticated calculations or have greater programming capacity. You may use any financial calculator for the course and examination, providing it is silent, cordless, handheld and not alphanumeric and programmable. Many stationary and department stores sell the HP 10BII+ and you are encouraged to "comparison" shop because discount or sales prices are often available. If you are unable to locate the HP 10BII+ calculator in your area, one can be purchased online at the Real Estate Division Bookstore.
All students must have access to a personal computer and internet access when taking any Real Estate Division course. Students should also ensure that they have a high-quality printer (e.g., an inkjet or a laser) which will provide clear printouts of information from the Real Estate Division website.
AAA's Professional Designation Requirements
After completing the program, students will only need to complete the following professional requirements;
- Complete the Course Tools for Practicing Assessment in Alberta.
- Complete the Demonstration Appraisal Report.
- Meet the Experience Requirements.
- Submit Application for Accreditation and complete the Oral Examination.