To meet the guided case study requirement for the CRA designation, the following options are available:
BUSI 398: Residential Property Guided Case Study
BUSI 398 is a two-term university credit course, which guides candidates through the appraisal report writing process with the end result of submitting a full-scale narrative residential appraisal report submission.
In this course, candidates benefit from interim feedback on portions of the report as well as additional instruction in areas such as report writing techniques, research ability, and critical thinking. There are also online course resources available to help guide students through the course and students will have the ability to interact with fellow students through the course discussion forum. Note that as a part of this course, students are expected to choose their own property to appraise as well as research all of the data necessary to support the appraisal. The course tutor is available to assist in these tasks.
Successful completion of BUSI 398 will count for 4 credits towards the Bachelor of Business in Real Estate degree. Click to view an outline for BUSI 398.
BUSI 398 is offered three times per year, starting in September (Winter Term I), January (Winter Term II), and May (Summer Term I). For enrollment deadlines, please see the Important Dates webpage. For registration information, please visit the Registration website.
Tuition for this two-term course is $1,300, which includes all fees such as marking, tutoring, guiding materials, property registration, and grading of the final report submission. Tuition can be paid in instalments, with $750 due immediately and the balance due partway through the first term of the course.
NOTE: For reference materials in preparing appraisal reports, AIC and UBC recommend the text The Appraisal of Real Estate, 3rd Canadian Edition (used in BUSI 330). This book can be purchased from the Real Estate Division online bookstore.
BUSI 444 Comprehensive Case Study Examination Equivalency
The Appraisal Institute of Canada has recognized the BUSI 444 Comprehensive Case Study Examination as an equivalent to the AIC Single Family Guided Case Study. By completing the BUSI 444 course assignments and the comprehensive case study examination, candidates will have met the CRA guided case study requirement. This approval was granted in recognition of the examination's rigour and its relevance to practitioners of residential real property assessment and appraisal. AIC hopes that by granting this equivalency, it will help to meet candidates' educational goals, maximizing flexibility and helping them achieve professional recognition for their work. For more details on this, please see the Foreword section of the BUSI 444 Course Workbook, or contact the Real Estate Division at firstname.lastname@example.org.
PLEASE NOTE: This examination requires an in-depth knowledge of statistics and mass appraisal and is NOT recommended for anyone who is not expert in these areas. This option is ONLY available for students who have completed the BUSI 444 course.