Toronto Real Estate Broker vs. Toronto Real Estate Appraiser
What is a CRA? Alkins Real Estate Ltd. is a real estate brokerage and certified real estate appraiser. We will give you an independent opinion and tell you the truth of what your property is worth and how we would go about getting the best price possible for you.
What is the value of your property?
A real estate broker's price opinion is an informal estimate of market value, based on a comparative market analysis of sales in the neighbourhood.
A certified real estate appraiser provides a formal, impartial estimate or opinion of value usually written, of an adequately described property, as of a specific date and supported by the presentation and analysis of relevant data.
The most important difference is their motivation. A certified appraiser's main concern is to deliver a fair, accurate, objective appraisal, using recent historical data. A real estate broker is more of an optimist with the goal of getting the highest price possible for his / her client, in a reasonable period of time, with the fewest problems.
Should both their opinions of value be similar? Since they are basing their values on the same comparable sales in the subject neighbourhood, their values should to be similar.
When it comes down to bank financing, estates, legal disputes, buying and selling homes, etc., which value do the professionals rely.... the certified appraiser!
We have earned the designations of CRA and FRI.
What is a CRA?
The Appraisal Institute of Canada (AIC) was founded in 1938. The AIC is the premier real property valuation association in Canada. As a self-regulating professional organization, AIC grants the distinguished Accredited Appraiser Canadian Institute (AACI) and Canadian Residential Appraiser (CRA) designations to individuals across Canada and around the world.
AIC members are highly qualified valuation professionals who undertake a rigorous program of professional studies, examination and experience before being granted a designation. The Institute also supports the principles of lifelong learning through a mandatory continuing professional development program and requirements to complete their professional practice seminar on a regular basis. This ensure that the members have the most up-to-date education and skills to offer their clients.
The education, experience and life long learning requirements that AIC has put in place ensure that the real value expert you hire will provide you with the most professional valuation expertise and opinions in the marketplace. Put your trust in the most highly regarded designations in the real property marketplace.
The Appraisal Institute of Canada grants the two most prestigious real property valuation designations in Canada. The Accredited Appraiser Canadian Institute (AACI) and Canadian Residential Appraiser (CRA) designations are the most highly regarded in the marketplace and identify highly qualified individuals who have completed AIC's rigorous education, experience and examination requirements.
(Canadian Residential Appraiser) designates members qualified in the appraisal and valuation of individual undeveloped residential dwelling sites and dwellings containing not more than four self-contained family housing units.
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