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After completing the report, what assurance is there that the value indicated is valid?

In communicating an appraisal report, each Appraiser must ensure the following:

  • That the information analysis utilized in the Appraisal Report was appropriate
  • That significant errors of omission or commission were not committed individually or collectively
  • That services were not rendered in a careless or negligent manner
  • That a credible, supportable Appraisal Report was communicated

To become a designated Appraiser with The Appraisal Institute of Canada, Appraisers must fulfill rigorous education and experience requirements (see Become a CRA or AACI at www.aicanada.ca) and all active members of the Appraisal Institute of Canada must take continuing education courses in order to remain a member. In addition, Appraisers must abide by a strict industry code of ethics and comply with national standards of practice for Real Estate Appraisal – the rules for developing an Appraisal and reporting its results are insured by enforcement of the Canadian Uniform Standards of Professional Appraisal Practice.

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Wieland & Associates - Ottawa Appraisals - Ottawa Appraisers

Wieland & Associates – Ottawa Appraisals – Ottawa Appraisers