Two of North America’s leading real estate valuation associations have agreed the mutual recognition of their qualifications as appraisal standards become more international.

The Appraisal Institute of Canada and the Appraisal Institute will recognize the strength of each other’s educational and professional standards, and ethics.

"This recognition means that clients on either side of the border may confidently engage appraisal professionals with AACI, MAI, CRA or SRA designations, and they will know that the individual holding any of the designations has satisfied rigorous requirements," saidScott Robinson, MAI President of the AI. "As real estate markets have become more global recognition of international qualifications is much more important.”

The agreement was announced at a partnership luncheon held in Winnipeg Thursday.

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