AIC Connect keeps members, stakeholders and the public informed and engaged, emphasizing the importance of strong relationships and transparency. It provides association updates, including news on membership, events, and organizational developments. Stay informed!



1) AIC-ON Phone System Update

2) In-Person Professional Practice Seminars

3) **New** AIC-ON Webinar Series: Expand Your Practice

4) 2024 Candidate Scholarships

5) Financial Services Regulatory Authority of Ontario

6) Strategic Planning Update

We're thrilled to announce that we've moved to the Microsoft Teams phone system! We appreciate your patience during this transition period. Make sure to visit our Contact Us page for more information.

PROFESSIONAL PRACTICE SEMINAR DEADLINE

All existing AIC Members are required to complete the professional practice seminar before/on December 31, 2024.

Title: Expand Your Practice: Machinery and Equipment Valuation

Details:

In today's dynamic economic environment, professional appraisers have unprecedented opportunities to diversify their income streams. This webinar is designed to equip appraisers with innovative strategies and practical tools to expand their revenue potential beyond traditional appraisal services. Machinery & Equipment (M&E) Valuation is a specialized niche within the appraisal profession that offers great income potential. As industries evolve and businesses seek precise asset valuations for various purposes, the demand for skilled M&E appraisers is growing.

Our speaker, Arlene Blake P.App, CRA, will focus on how changing your mindset can upgrade your business into new territories and offer you other income streams.

Take the next step in your professional journey and register now to secure your spot!.

Date: Wednesday August 21, 2024

Time: 11:00AM- 12:00PM EDT

Cost: Free

Credit(s): This webinar is anticipated to earn 1 CPD Credit

Speaker: Arlene Blake P.App, CRA

Speaker Biography:



Arlene is a CRA Designated Appraiser with the Appraisal Institute of Canada since 1997 with over 25 years of property valuation experience in the private sector. Arlene is a Professional Competency Interviewer for the AIC and is qualified to complete Insurance Replacement Reports; Machinery & Equipment Valuations; Property Condition Reports; Commercial, Agricultural & Residential Appraisals.

**July 2024 Update**

We have received $6,000 in additional funds from the Toronto Chapter to support six additional scholarships this year! Candidates from the Toronto chapter are eligible to apply for this scholarship. Requirements are identified in the application linked below.



******************************************************************************************************

The AIC Ontario Scholarship Award is accepting applications for 2024. These scholarships are awarded annually in September. All candidate members of AIC-Ontario are eligible to apply.

Application Deadline:

• September 15, 2024.

Application Requirements:

• A formalized grade of a course such as a unofficial transcript or a course pass letter.

• Proof of registration for the chosen course must also be provided.

*Note: If you completed your final exam in December 2023 but received results after the Holiday Season or early in 2024, you qualify for the 2024 application.*

Transfer of 2023 Applications:

• If you applied for the scholarship in 2023 and were informed by AIC-ON that your application would be transferred to 2024, you do not need to submit another application.

Applicants will be notified by the AIC Ontario office if any required paperwork is missing from their application.

Please ensure you review all scholarship information and complete the application in its entirety before submitting it to AIC Ontario. For any questions, please direct inquiries to scholarship@aicontario.ca.

Who is FSRA?

FSRA is an agency of the Government of Ontario.

FSRA regulates sectors such as:

• Pensions
• Financial Planners/Advisors
• Mortgage Brokering
• Property and Casualty & General Insurance
• Auto Insurance
• Co-Op Corporations
• Credit Unions & Caisses Populaires
• Loan & Trust

Margie Carlson, AIC-ON CEO & Dan Brewer P.App AACI, Fellow met with FSRA to:

• Provide more information about AIC-ON
• Provide greater depth about the Appraisal Profession
• Expand on current industry issues such as AVM's, Mortgage fraud and non-OFSI regulated lending

AIC-ON's asks to FSRA:

• Collaborate on challenges faced by appraisers
• Keep us in mind for consultations & advice in future
• Partner with AIC-ON for webinars
• Join in on AIC/AIC-ON events to better understand the profession

Next Steps for AIC-ON:

• Continue to foster relationship with FSRA by holding semi-annual meetings.
• Hold a webinar with FSRA to provide more depth on their role as a government agency

The AIC-Ontario Board of Directors has been working hard on the Strategic Plan facilitated by Sarah Nicole Martin CEO of Optimal Affect.

So far in the Strategic Planning process we have collected information from:

• An environmental scan of non-profit associations
• 2024 AIC-ON Conference Engagement Session
• 2 Webinars, for both CRA's & AACI's (designated and candidates working towards designation)
• Interviews with select stakeholders
• Focus Groups with select stakeholders
• Survey with select stakeholders

Through careful planning, we've gathered a lot of information about where our association stands now and our potential for the future. We're excited to move ahead and will finalize details for our members by this fall.