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 (AIC) and the Canadian National Association of Real Estate Appraisers (CNAREA). They are national associations of professional real estate appraisers, valuation and property consultants dedicated to serving the public interest through continually advancing the highest standards of the appraisal profession.
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, DAC, CRA and DAR designations are recognized across Canada as well as internationally.
The NBAREA website aids the public in locating designated members for all types of real property 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 in New Brunswick are governed by established minimum standards of performance in the rendering of professional services and inspiring public confidence in the field of appraisal related issues.
Updated September 2015
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