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  Monday, 25 September 2017 : 11h06

IMPORTANT FACTS:

The Act to Incorporate NBAREA

On the twentieth day of April 1994, the Lieutenant-governor of New Brunswick gave royal assent to Bill 17, An Act to Incorporate the New Brunswick Association of Real Estate appraisers/Association des évaluateurs immobiliers du Nouveau-Brunswick. Its statutes came into force on January 1, 1995. On that day, the real estate appraisal profession in New Brunswick changed forever. A new act now regulated the practice of real estate appraisal and governed all individuals engaged in such practice, in order to serve and protect the public interest.

The Act, the first of its kind in the nation, is the foundation upon which a strong organization is being built, an organization dedicated to the discipline, government, control and honor of all persons practising the profession of real estate appraisal in the province. On April 27, 1995, the Association adopted Bylaws, for the purpose of attaining its objectives and for the implementation of its powers. Together, the Act and Bylaws create a powerful force unparalleled in our profession.

                                                                                                                                                                                                          The Practice of Real Estate Appraisal

The practice of real estate appraisal is defined as "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 and a time-sharing arrangement.

LEGISLATION OF REAL ESTATE APPRAISAL

New Brunswick Association of Real Estate Appraisers

N.B.A.R.E.A.

TRAINING

In order to be eligible for membership in this association, all appraisers must be able to provide confirmation of fee appraisers, professional errors and omissions liability insurance, which is necessary for the protection of the client (the public).

In addition, eligibility conditions for all members include:

  • Being accredited by the AACI, CRA, MVA, or possessing an equivalent qualification;
  • Complying with the mandatory continuing education program;
  • Complying with the Code of Ethics and Professional Conduct of the association, and with the Standards of Practice of the association.

                                                                                                                                                                                                          THE CUSTOMER SHOULD KNOW

All registered members of the New Brunswick Association of Real Estate Appraisers must sign all appraisal reports in the same manner, with the mention "Registered member of the NBAREA" adjacent to the signature, along with the appraiser's permanent registration number assigned by the association.

                                                                                                                                                                                                          EVALUATION 2000 Ltd

Our company has 3 registered members of the NBAREA:

Luc Michaud, AACI,  P. App., member NBAREA no. 302 807

 

André Mercure, Candidate, member NBAREA no. 903 406

Denis Voisine, Candidate, member NBAREA no. 904 122

 

                                                                                                                                                                                                          RISKS vs QUALITY INSURANCE

Should you choose to hire an appraiser who is not accredited or who is not a member of the Appraisal Institute of Canada, or of the New Brunswick Association of Real Estate Appraiser, you risk experiencing major problems for which you would have to assume full responsibility.

The person you trusted :

  • May not be qualified
  • Is not designated as a professional
  • Does not carry any insurance protecting your best interests
  • Is under no obligation to keep your dealings confidential
  • Does not allow you any legal resort if you are dissatisfied with his work
  • Is not guaranteed by a professional institute or association, according to universal standards.
Why take this kind of risk?
Be alert. Protect your interests.
  Avoid important financial loss.
  Place your trust in our expert consultants.
Hiring our professional services is 
  a question of competence...
  on YOUR part...
and the assurance of unparalled quality!

 

 

 

 
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