Appraisal Institute of Canada (AIC) Distance Education Program: Past Students and Members
UBC and AIC have, in partnership, undertaken an updating and merging of their various valuation programs. This new streamlined program provides the highest quality valuation education available in Canada. The following applies to AIC members who enrolled in the AIC education program prior to January 1, 2016.
Note: Past candidates who do not have a degree from an English- or French-speaking university and who did not complete BUSI 398/497/499 are required to complete a Communication/Business Report Writing course.
Enrolled prior to January 1, 2016:
Students who joined AIC as a member prior to January 1, 2016 and are pursuing the CRA designation:
- are not required to complete BUSI 352 if they were AIC members (Student or Candidate) prior to January 1, 2016, and
- will be permitted the choice of BUSI 121 or BUSI 344, and BUSI 433 or 443.
Enrolled prior to January 1, 2007:
AIC members who enrolled in the AIC Education Program prior to January 1, 2007 may be exempt from changes to the program requirements prior to that date.
- BUSI 444: as of September 1, 2007, BUSI 344 replaced BUSI 444 in the AIC Program. Students who previously completed BUSI 444 will continue to receive credit for BUSI 444 as a substitute for BUSI 344.
- BUSI 460: this is a program requirement for the AACI designation for all candidates who did not achieve their AACI designation by September 1, 2006 (for those who joined after 2001 and are subject to the current AACI curriculum requirements).
- Communications/Business Report Writing course: the CRA and AACI designations require students to either complete this course OR have an undergraduate degree (120 Credits - 4 years) at an English- or French-speaking university OR complete the BUSI 497/499 Guided Case Study.
- Degree requirement: all AACI Candidates must hold a degree from an accredited university. Effective January 1, 2006, the degree requirement also applies to candidates for the Canadian Residential Appraiser (CRA) designation. See the Degree Completion Opportunities for degree recognition of the AIC Program.
Enrolled prior to January 1, 2001:
For AIC members who enrolled in the AIC Education Program prior to January 1, 2001 ("returning students"), we have endeavoured to fit your educational path into the new program as closely as we are able, providing you with the most up-to-date courses without requiring you to take more courses that were required when you first enrolled in the program. You will receive credit for prior coursework as follows:
- If you have already completed course 1101, then the valuation courses you need to complete (in order) are 330, 331, 442, and 452.
- If you have already completed courses 1101 and 1102, then the valuation courses you need to complete (in order) are 331, 442, and 452.
- If you have already completed courses 1101, 1102 and 2201, then the valuation courses you need to complete are 442 and 331. (Note: 331 is normally a pre-requisite for 442, but we will allow students in this situation to reverse 331 and 442, if this is preferred).
- If you have already completed courses 1101, 1102, 2201, and 2202, then the valuation course you need to complete is 331.
In the former AIC Education Program, the following six “1000” level courses were required for the CRA designation.
- Course 1101 Real Estate Appraisal--Basic Theory
see BUSI 330
- Course 1102 Real Estate Appraisal--Residential Application
see BUSI 330
- Course 1103 Micro-Economics
see BUSI 100
- Course 1104 Macro-Economics
see BUSI 101
- Course 1105 Real Estate Appraisal--Law
see BUSI 111
- Course 1106 Real Estate Appraisal--Residential Construction
see BUSI 400
In addition to the above six "1000" level courses, all of the following courses were required for the AACI designation.
- Course 2200 Real Estate Appraisal--Mathematics
see BUSI 121
- Course 2201 Real Estate Appraisal--Commercial, Industrial, and Investment Analysis
- Course 2202 Real Estate Appraisal--Commercial, Industrial, and Investment Application
see BUSI 442 and BUSI 452
- Course 2204 Resource Economics
see BUSI 300
- Course 2206 Real Estate Appraisal--Commercial, Industrial and Apartment Construction
see BUSI 401
- Course 3301 Real Estate Appraisal--Investment Analysis & Application
see BUSI 331
- Course 3304 Introduction to Accounting
see BUSI 293
In addition to the above, AIC requires the current professional designation requirements:
- AIC 399 (Single-Family Guided Case Study) or BUSI 499 (Income Property Guided Case Study) or BUSI 497(Agricultural Guided Case Study)
- Applied Experience Program: work experience, plus completion of oral and written examination (contact your local AIC Provincial Office)
- The Standards Seminar or AIC 101 - Introduction to the Appraisal Profession