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RICA Global - Creating Expert Valuers

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RICA Global Designations

  • RICA Global Designations

Royal Institute of Chartered Appraisers Designations

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IS IT FOR YOU?

Any professional who aspires to advance their career in appraising, mapping, property assessment and property tax policy at any level - in government or in the private sector - should have an Royal Institute of Chartered Appraisers designation.

BENEFITS

Designated members can earn an increase in salary and responsibility. A designation instantly establishes your qualifications and credibility and is a universal, portable measure of your capabilities recognized around the world. Designees report gaining confidence in their abilities and the respect of their peers and those they serve. Earning a designation is a rewarding experience, demonstrating that you have attained the highest level of professionalism.

REQUIREMENTS

To earn an Royal Institute of Chartered Appraisers Designation, one must be an Royal Institute of Chartered Appraisers member in good standing and complete the requirements for the particular designation pursued. Each designation has experiential, educational, demonstration project, and examination requirements. Note that alternatives to holding a college degree are now accepted.

Chartered Appraiser

The purpose of the Chartered Appraiser designation is to recognize professionalism and competency in a wide range of matters covering property valuation for tax purposes, property tax administration, and property tax policy. Royal Institute of Chartered Appraisers members may use this designation in conjunction with the valuation of a wide range of property types, property appraisal and assessment administration issues, and property tax policy statements in accordance with Royal Institute of Chartered Appraisers’s commitment to excellence.

Certified Appraiser

The purpose of the Certified Appraiser designation is to recognize professionalism and competency in a wide range of matters covering property valuation for tax purposes, property tax administration, and property tax policy. Royal Institute of Chartered Appraisers members may use this designation in conjunction with the valuation of a wide range of property types, property appraisal and assessment administration issues, and property tax policy statements in accordance with Royal Institute of Chartered Appraisers’s commitment to excellence.

To qualify for the CAE designation, the following general requirements must first be demonstrated to be eligible to sit for
the comprehensive examination:
 The candidate must have completed 3 years of Diploma in Engineering or Architecture from any recognized institute or
university or Graduate in any discipline from any recognized institute or university.
 The candidate must have credit for the following seven (7) educational courses:
1. IAAO Course 101: Fundamentals of Real Property Appraisal
2. IAAO Course 102: Income Approach to Valuation
3. IAAO Course 112: Income Approach to Valuation II
4. IAAO Course 311: Residential Modeling Concepts or IAAO Course 312: Commercial/Industrial Modeling Concepts
5. IAAO Course 400: Assessment Administration
6. IAAO Workshop 171 Standards of Professional Practice and Ethics

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Certificate Course of Appraiser

The purpose of the Certificate Course of Appraiser designation is to recognize professionalism and competency in a wide range of matters covering property valuation for tax purposes, property tax administration, and property tax policy. Royal Institute of Chartered Appraisers members may use this designation in conjunction with the valuation of a wide range of property types, property appraisal and assessment administration issues, and property tax policy statements in accordance with Royal Institute of Chartered Appraisers’s commitment to excellence.