June 22, 2021
Change to Requirements for Supervising a Single Candidate Member
At a Special Meeting of the CNAREA Membership, a proposed change to the Definition of a Supervisor (for a Single Candidate Member) was approved by the Membership.
The newly accepted definition is:
Article 6 – (2. A) “Supervisor” of a single Candidate Member means an appraiser member in good standing who holds the professional designations of the association, DAR or DAC and has a minimum of two (2) years’ experience as a designated appraiser.
This new definition of a qualified Supervisor of a single Candidate Member includes the requirement for the Supervisor to be a Designated Appraiser for at least 2 years, be a Member in Good Standing, which includes being current on their education requirements, and successfully complete an on-line course (approx. 4 hrs) prior to supervising a single Candidate Member. (This course will be available to members by Mid-August 2021)
A Designated Member wishing to begin supervising a Candidate Member must request permission from CNAREA, submit 3 recently completed Appraisal Reports to be reviewed, and register for the required course prior to being approved to supervise a single Candidate Member.
The normal requirements of a supervising appraiser remain unchanged, including geographical competence in the market the Candidate Member is operating in.
Yours Truly,
Robert T. MacDonald
DAC/ASA
Certified Appraisal Reviewer
Chief Executive Officer
Canadian National Association of Real Estate Appraisers