Professional Property Appraisal

Appraisal Institute of Canada Newfoundland & Labrador

The Newfoundland & Labrador provincial association of the Appraisal Institute of Canada represents approximately 79 members and delivers AIC’S member programs and services within both Newfoundland and Labrador.

Current President Katie Manojlovich notes that AIC-NL’S objective is to serve the profession and the public by implementing policies and programs to ensure the appraisal profession is advanced and the public is protected.

Manojlovich points out that a real estate purchase, sale or renovation is likely to be the biggest financial decision of a person’s life.

“What you commit to when you sign on the dotted line may well have a major impact on your financial wellbeing.”

She says this poses the question, ‘is your investment likely to provide you with the return you are anticipating?’ All considered, it makes good sense to obtain all the available professional advice before that major commitment is made.

A key professional in the complete real estate picture is a Designated Real Estate Appraiser. Professional appraisers, as designated members of the Appraisal Institute of Canada (AIC), founded in 1938, have been granted their designation through an educational and professional development program process where the highest of standards are achieved.

Of the 79 members in this province, approximately-one-half are independent fee appraisers while the balance are employed with federal, provincial and municipal governments, financial institutions and other corporate bodies.

As a multi-discipline profession, appraisers value alliances with other relevant professionals such as accountants, lawyers, realtors, property managers, and others. The services of a professional appraiser can be used in many circumstances, including (in part):

• The purchase or sale of a residential/commercial property

• Assessment of residential/commercial property (Municipal Tax matters)

• Matrimonial and Estate matters

• Securing asset based financing

• Expropriation/arbitration matters

• Asset management

The Newfoundland Association of the Appraisal Institute of Canada maintains an office in St. John’s. Questions can be referred to 888-551-5521 or via e-mail at naaic@gmail.com

Accredited appraisers and their areas of specialty in Newfoundland may be found by visiting: www.aicanada.ca