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ARTICLE 7

 

MEMBERSHIP DESIGNATIONS

 

Definitions and Interpretations

  1. a) “appraiser” or “appraiser member” means a member in good standing who holds the

      professional designation of the Association, DAR or DAC.

  1. b) “review member” means a member in good standing who holds the professional designation

      of the Association CMAR.

  1. c) “supervisor” or “qualified supervisor’ means an appraiser member in good standing who holds

      the professional designations of the Association, DAR and Certified Appraisal Reviewer, or   

      DAC and Certified Appraisal Reviewer. Any one supervisor may only supervise a maximum

      of four (4) Candidate Members at any time.

  1. d) “reserve planner member” means a member in good standing who holds the professional

      designation of the Association, DAR or DAC, and DRP.

 

 

Section 7-1

The Association shall maintain seven (7) levels of membership.

 

The levels are:

Associate  (AM)

Candidate  (CM)

Designated Appraiser Residential  (DAR)

Designated Appraiser Commercial  (DAC)

Designated Reserve Planner  (DRP)

Certified Mortgage Appraisal Reviewer  (CMAR)

Certified Appraisal Reviewer 

 

 

Section 7-2

Associate membership encompasses all persons who meet the basic membership requirements and who have an interest in the appraisal profession or work with professional appraisers, but are not engaged in fee appraisal assignments and are not intending to become an appraiser. Associate members shall have no voting rights nor shall they hold any office of the Association except in the case of an Associate Member who has been appointed to the Board of Directors, in which case that Associate Member shall have a vote but only as a Director and only in the context of Board decisions. Associate members agree to uphold the Bylaws and Code of Ethics of the Association.

 

Section 7-3

Candidate membership is extended to all persons who meet the basic membership requirements and who are interested in pursuing a career in real property appraising and who are interested in furthering their education and experience with the goal of earning a professional appraisal designation.

All Candidate Members must successfully complete Course #1.1 Principles of Residential Real Estate Appraising, Course #5.0, Professional Standards of Practice, and Course #6.5 Appraiser Ethics within four (4) months of being accepted as a Candidate.

 

All Candidate Members must successfully complete Course #1.8  Appraisal Practice Procedures and Course #6.7  The Cost Approach For Residential Properties  within six (6) months of being accepted as a Candidate Member.

 

Candidate Members shall have no voting rights nor hold office in any capacity within the Association.

 

Candidate Members agree in writing, as evidenced by their signing of the Association’s official application form, to be governed by and uphold the Bylaws and Code of Ethics of the Association and comply with the education and continuing education requirements of the Association.

 

All Candidate Members must be supervised by a qualified supervisor. Candidate Members are not permitted to complete any appraisal related activities or assignments without the guidance and review of a qualified supervisor. Candidate Members are not permitted to complete or sign any appraisal assignment report without the review and signature of a qualified supervisor.

 

At the time of joining CNAREA, all Candidate Members must specify their supervisor on their application form. All Candidate Members must further immediately advise the Chief Executive Officer if and when that supervisor changes.

 

All Candidate Members must submit one (1) field or working appraisal report for review by the Education Committee every three (3) months until attaining the DAR designation.

 

All Candidate Members must advance to Designated Appraiser Residential (DAR) within four (4) years of becoming a Candidate. Any Candidate Member who has not advanced to DAR within four (4) years of becoming a Candidate member may be subject to expulsion from membership in the Association. If a Candidate has not attained the DAR designation within four (4) years of becoming a Candidate Member, all DAR educational and experience requirements previously completed by that member will be regarded to be void and that member will be required to complete all of the educational and experience requirements again.

 

Candidate Members shall be permitted to refer to their candidate membership when requested to do so for employment purposes and in their qualifications in an appraisal report in the following manner:

“Candidate Member”

“Canadian National Association of Real Estate Appraisers” (CNAREA)

 

Candidate Members are not permitted to use the CNAREA logo in any way, in connection with any appraisal assignment, accompanying their individual names on their letterhead, business card, or in directories, and other such media of expression.

 

Section 7-4

Designated Appraiser Residential membership is extended to any person who has met the basic membership requirements and has:

  1. completed the required CNAREA Designated Appraiser Residential (DAR) education program, or its equivalent
  2. completed a minimum of 3000 hours of appraisal experience obtained in no less than two years
  3. submitted two (2) residential field or working form type reports or one (1) residential field or working narrative report for review
  4. a university/college degree, or equivalent
  5. successfully completed the prescribed comprehensive final examination.

 

DAR members agree in writing by their signing of the Association’s official application form, to be governed by and uphold the Bylaws and Code of Ethics of the Association, and comply with the continuing education requirements of the Association.

 

DAR members are permitted to perform appraisal and consultation assignments of residential properties consisting of no more that four (4) housing units.

 

DAR members are also permitted to perform appraisal and consultation assignments of non complex commercial properties provided that the DAR member has successfully completed Course #2.1  Introduction To Income Property Appraising and Course #2.2  Techniques Of Income Property Appraising, and is working towards the DAC designation, and is acting in compliance with the Competency Rule as stated in the current Uniform Standards of Professional Appraisal Practice (USPAP).

 

Non complex is defined as a property that does not have any atypical form of ownership or where the property value is not affected by any atypical market conditions. Characteristics similar to the following may suggest that an appraisal assignment is non complex (this list is not intended to be all inclusive):

– ownership rights are typical

– there are no unusual deed restrictions, easements, encroachments and other similar factors

– there are no abnormal changes in the neighbourhood characteristics which might suggest that

   the highest and best use is not the present use

– there are no actual or suspected environmental hazards

– the present market is relatively stable

 

Section 7-5

Designated Appraiser Commercial membership is extended to any person who has met the basic requirements of membership and has:

  1. attained the status of Designated Appraiser Residential (DAR) or the equivalent
  2. completed the required CNAREA Designated Appraisal Commercial (DAC) education program, or its equivalent
  3. completed a minimum of five (5) years of full time appraisal experience
  4. submitted two (2) commercial working narrative appraisal reports for review
  5. a university/college degree, or equivalent

DAC members agree in writing by their signing of the Association’s official application form, to be governed by and uphold the Bylaws and Code of Ethics of the Association, and comply with the continuing education requirements of the Association.

 

DAC members are permitted to perform appraisal and consultation assignments of all types of real property. 

 

 

Section 7-6

Designated Reserve Planner is extended to any person who has met the basic membership requirements and who has:

  1. attained the status of Designated Appraiser Residential (DAR) or Designated Appraiser Commercial (DAC)
  2. completed the required CNAREA Designated Reserve Planner (DRP) education program

 

DRP members agree in writing by their signing of the Association’s official application form, to be governed by and uphold the Bylaws and Code of Ethics of the Association, and comply with the continuing education requirements of the Association.

 

DRP members are permitted to perform appraisal and consultation assignments of all types of condominium or strata types of real property.

 

 

Section 7-7

Certified Mortgage Appraisal Reviewer membership is extended to any non appraiser person who has met the basic membership requirements and who has:

  1. completed the required CNAREA Certified Mortgage Appraisal Reviewer (CMAR) education program
  2. a minimum of 2 years experience in the mortgage financing profession
  3. submitted one (1) field or working appraisal review report for review

 

CMAR members agree in writing by their signing of the Association’s official application form, to be governed by and uphold the Bylaws and Code of Ethics of the Association, and comply with the continuing education requirements of the Association.

 

CMAR members are permitted to perform appraisal review assignments for all types of real property appraisal reports including residential and commercial, which are intended only for mortgage financing purposes. 

 

CMAR members shall have no voting rights nor shall they hold any office of the Association except in the case of a CMAR Member who has been appointed to the Board of Directors, in which case that CMAR Member shall have a vote but only as a Director and only in the context of Board decisions. Associate members agree to uphold the Bylaws and Code of Ethics of the Association.

 

 

Section 7-8

Certified Appraisal Reviewer membership is extended to any person who has met the basic requirements of membership and who has:

  1. a minimum of the DAR professional designation of CNAREA
  2. completed the required CNAREA Certified Appraisal Reviewer education program
  3. submitted two (2) field or working appraisal review reports for review

 

Certified Appraisal Reviewer members are permitted to perform appraisal review assignments for all types of real property residential and or commercial appraisal reports.

 

Certified Appraisal Reviewer members agree in writing by their signing of the Association’s official application form, to be governed by and uphold the Bylaws and Code of Ethics of the Association, and comply with the continuing education requirements of the Association.

 

Section 7-9

Any designated member in good standing shall be permitted to use the designation “DAR” , “DAC”, “DRP”, “CMAR”, “Certified Appraisal Reviewer”, or the CNAREA logo or seals accompanying their individual names on their letterheads, business cards, and in directories and other such media of expression to denote the degree of proficiency attained.  All acknowledgments of designated membership must be on an individual basis only.  Personal letterhead, stationery, and other means of written communication shall not, in any way, imply or infer that a designated member’s firm, business, organization, or agency is a member of the Association.

 

An Associate Member may be permitted to use the CNAREA logo to denote that they are a member of CNAREA but only with written permission from the Chief Executive Officer and even then, only if the logo is accompanied by the words “member of CNAREA”.

 

Section 7-10

Designated appraiser members of the Association must maintain a program of continuing education and review to retain their designation and membership in the Association. Each designated appraiser member must complete a minimum of twenty-eight (28) hours of appraisal education every two (2) years and submit one (1) field or working appraisal report every six (6) months for review by the Education Committee.

 

The Association continuing education program cycle begins January 1 of the year following the  date a person becomes a member of the Association and runs every two years thence to the next January 1. Any member who has not maintained the prescribed continuing education program  by midnight May 31 of the membership year following the January (1) first due date, may be deemed to no longer be a member in good standing (reference Section 8-2 (g) of these Bylaws).

 

 

 

 

 

 

Section 7-11

All designated appraiser members of the Association must include a minimum of four (4) hours of USPAP education, with examination, as part of their continuing education program, every two (2) years.

 

All designated appraiser members must include the successful completion of Course #4.3R Residential Appraisal Report Writing every two years as part of their continuing education program.

 

All designated Certified Appraisal Reviewer members must include the successful completion of Course #4.6R  Reviewer Recertification every two (2) years as part of their continuing education program.

 

All designated members of the Association must include the successful completion of Course #6.5 Appraiser Ethics, with examination, in their continuing education, every five (5) years.

 

Section 7-12

A Retired member is considered to be any designated member who has retired from active appraisal practice. A retired member shall have the right to vote and to hold office in the Association. A retired member shall pay a membership fee equal to the membership fee of Associate Membership. A retired member may use a professional designation awarded to them by the Association for any purpose other than in connection with any appraisal assignment.

 

Section 7-13

Certified Instructor

To attain the “Certified Instructor” classification an individual must:

– hold the DAR or DAC designation, or the equivalent, and the Certified Appraisal Reviewer

  designation

– have successfully completed a CNAREA Instructors Clinic

 

All Certified Instructors must attend a CNAREA Instructor Qualification Development Clinic at least once every two years

 

Section 7-14

“Equivalent”, with reference to college/university degree, means:

  1. a) each three (3) years of full time appraisal experience is equal to one (1) year of

    college/university

 

     and or

 

  1. b) completion of the CNAREA educational and experience requirements for the Designated

   Appraiser  Residential or DAR designation equals a college/university degree

 

 

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