The Program is offered via distance learning. It requires 5 courses, each of which are approximately 13 weeks in length. Students begin with core courses on valuation and statistics and then the program advances to focus on specialized professional and applied topics.
The courses include a set of printed materials plus online resources. Students are assessed on a series of multiple choice assignments, written projects, examinations, and case studies. Most courses include webinars and instructional videos.
BUSI 121 Foundations of Real Estate Mathematics
BUSI 330 Foundations of Real Estate Appraisal (Recommend BUSI 121)
BUSI 344 Statistical and Computer Applications in Valuation (Recommend BUSI 121 & 330)
BUSI 443 Foundations of Real Property Assessment and Mass Appraisal (Recommend BUSI 330)
To complete the program, students have a choice to focus in either mass appraisal or advanced income appraisal. Please note that some employers and professional organizations may require BUSI 444 to be completed within the CPRPA program, so all students requiring the CPRPA for employment or designation purposes should confirm with their employer or professional association prior to enrolling in BUSI 331.
Select one of:
BUSI 331 Real Estate Investment Analysis and Advanced Income Appraisal (Prerequisite BUSI 121 & 330), or
BUSI 444 Advanced Computer Assisted Mass Appraisal (Prerequisite BUSI 121 & 344; Recommend BUSI 330 & 443)
Students who enrolled in the program prior to September 1, 2007 may have modified requirements to complete the program. See the Assessment prior to September 2007 page.
Comprehensive Case Study
BUSI 444 ends with a take-home final examination. This is also recognized as meeting demonstration report requirements towards professional certification from the International Association of Assessing Officers (IAAO), the Institute of Municipal Assessors (IMA), and the Appraisal Institute of Canada (AIC). Students who complete BUSI 444 with a partner institution (e.g., Lakeland College, Seneca College) will receive course credit for their final examination, but in order to receive demonstration report credit, students must submit their graded examination to the UBC Real Estate Division for review along with a $100 review fee. Should the Case Study Exam not pass the review, the student may revise and resubmit the exam, but this is subject to the standard exam resubmission fee of $250. UBC also reserves the right to require the exam be completed based on current case study data.
- Degree Requirement: in order to attain use of CAE designation, candidates must hold a Bachelors or higher degree from an accredited university or college. Please refer to the IAAO webpage for more information.
- BUSI 444 Pre-requisites: IAAO students who wish to complete UBC’s BUSI 444 course must first satisfy the pre-requisites. IAAO’s courses 333 or 334 (or equivalent) provide the necessary statistical background for success in BUSI 444.
- Appraisal Standards: IAAO designations require completion of a course on USPAP (for US residents) or an equivalent course covering appraisal standards within the student’s jurisdiction. For Canadian students, IAAO recognizes the AIC courses Introduction to Professional Practice (ITPP) and Professional Practice Seminar (PPS) for both designation and recertification purposes. Registering in either course requires an AIC membership number.