Ontario has no statutory regulator for real estate appraisers. Which body sets the professional standards and disciplines most appraisers practising in Ontario?
Correct Answer
D) Appraisal Institute of Canada (AIC)
Ontario has no government regulator for real estate appraisers. Most appraisers practising there are members of the Appraisal Institute of Canada (AIC), a self-regulating national professional body that sets standards, grants the AACI and CRA designations, and disciplines its members. AIC's authority extends only to its members; it is not a government licensing body.
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