The New Brunswick Association of Real Estate Appraisers was established on January 1, 1995, by the coming into force of the – “New Brunswick Association of Real Estate Appraisers/Association des évaluateurs immobiliers du Nouveau-Brunswick Act”, being Chapter 108 of the Province of New Brunswick Statutes.
The Act provides NBAREA with the duty and the responsibility of regulating the practice of real estate appraisal and the governing of all individuals engaged in such 
practice in the Province of New Brunswick, in order to serve and protect the public interest.
The Act also provides that, “…no person shall practice real estate appraisal in New Brunswick, either privately or employed by another, unless registered to practice under the provisions of this Act and Bylaws.”, and that the “practice of real estate appraisal” includes the analysis and evaluation of real estate, or any interest therein, for the purpose of giving an opinion, estimate, or recommendation on the value of such interest, and for providing advice and counselling with respect to value. Real estate includes real or leasehold property, a time-sharing arrangement and any interest therein.
NBAREA is affiliated with the Appraisal Institute of Canada. Founded in 1938, the Appraisal Institute of Canada is the national society of professional real estate appraisers, valuation and property consultants. AIC is dedicated to serving the public interest through continually advancing the highest standards of the appraisal profession by granting use of the CRA (Canadian Residential Appraiser) and AACI, P.App (Accredited Appraiser Canadian Institute, Professional Appraiser) designations.
Designated members provide reasoned valuations, their work in valuation and consulting is recognized by business, courts, and all levels of government. The AACI, P.App and CRA designations are recognized across Canada as well as internationally.
The NBAREA office helps the public find designated members for residential, commercial, industrial and investment type properties and helps individuals interested in learning more about the real property valuation profession. We provide members with ongoing Professional Development seminars and workshops throughout their career.
Members across Canada are governed by established minimum standards of performance in the rendering of professional services & inspire public confidence in the Appraisal Institute designations.
Last Updated ( Tuesday, 08 December 2009 03:33 )
