What is the designation for professional appraisers in Canada known as?

The designation for professional appraisers in Canada is indeed AACI, which stands for "Accredited Appraiser Canadian Institute." This designation is awarded by the Appraisal Institute of Canada (AIC) and signifies that an appraiser has met rigorous educational and experiential requirements in the field of real property appraisal. AACI is a recognized mark of professionalism and expertise in property valuation, ensuring that the appraiser adheres to high industry standards and ethical practices.

This designation is important not only for the credibility it provides to individual appraisers but also for maintaining the integrity of the appraisal profession across Canada. The AACI designation indicates that a professional is qualified to perform evaluations for a wide range of property types and that they have extensive training in appraisal theory, practices, and regulations.

The other designations mentioned, such as MVA (Master Valuer Accreditation) and FRI (Fellow of the Real Estate Institute), serve different purposes and indicate qualifications in other areas of real estate and valuation. The CRA (Canadian Residential Appraiser) is also a designation, but it specifically pertains to those who conduct residential property appraisals, typically a step below the AACI in terms of scope and recognition.