Book 1 - Appraisal Institute of Canada

ON THE MOVE
Quest appoints AIC member
as Chief Operating Officer
Quest Capital Corp., a merchant bank headquartered in
Vancouver that focuses on providing financial services,
specifically mortgages and bridge loans, has appointed
Kenneth Gordon, CRA as its Chief Operating Officer. Kenneth
has over 30 years of Canadian and international mortgage
lending experience, including, five years as Vice-President of
MCAP (Caisse de depot et placement du Quebec), where he
was responsible for all interim and construction mortgage
lending; and eight years as Vice-President of Mortgage
Investments and then President of Aylmer & Sherbrooke
Investments Inc., which is the fully owned mortgage
corporation of the McGill University Pension Fund.
Kenneth has served on the executive committee of the
Mortgage Bankers Association of America and has a mortgage
broker’s license both in Quebec and British Columbia. He
has also served as a director for the Quebec chapter of the
Appraisal Institute of Canada and as Vice-Chairman of the
Saskatchewan section of the Trust Companies Association
of Canada. In addition, he holds a CRE designation from
the Counsellors of Real Estate, a CRA designation from the
Appraisal Institute of Canada and a FRICS designation from
the Royal Institute of Chartered Surveyors.
In his new position, Kenneth is responsible for managing
the Company’s real estate lending operations and the
expansion of Quest’s mortgage lending activities across
Canada.
NOTE: If you or someone you know in the real
estate industry is changing positions, taking on new
responsibilities, moving to a new company or location,
winning awards, etc., please send the information to
joannec@aicanada.ca so that we can include it in our new
ON THE MOVE section of Canadian Appraiser.
Member disciplined
THE APPRAISAL INSTITUTE OF
CANADA advises that Colin Best,
CRA, of Milton, ON has been
found in contravention of the Institute’s
Code of Ethics and Standards
of Professional Practice. The
sections contravened are:
Regulation No. 1: ER 1.1 (a, b,
c); E.R. 2.1; ER 2.2 (a, b, c); and
ER 6.1.
USPAP (1998 Edition): SR 1.1
(b, c); SR 1.5 (a); and SR 2.1 (a).
The member withheld listing
information of the subject, which
was in his working file, at the
time of the appraisal. He stated
in the appraisal report he had no
knowledge or recent information
of a sale or listing on the subject.
Withholding of this information is
misleading the reader. The listing
price was substantially lower than
the final estimate of value in the
appraisal report. In addition, the
member was not co-operative in
the investigation and forced the
Investigating Committee
to suspend his membership
until he co-operated with the
investigation.
As a result of this conduct,
Colin Best, CRA has been
given the discipline of Censure
and education discipline. Also,
pursuant to the Consolidated
Regulations of the Appraisal
Institute of Canada, costs have
been levied.
i n m e m o r i a m
ince October 2006, the
following members of
the Appraisal Institute
of Canada have passed
away. On behalf of
everyone connected with the Institute
and the profession, we extend our
sincerest sympathies to their families,
friends and associates.
Depuis le mois de octobre 2006,
les membres suivants de l’Institut
canadien des évaluateurs sont
décédés. Au nom de tous ceux qui
oeuvrent de près ou de loin au sein
de l’Institut et de la profession,
nous exprimons nos plus sincères
condoléances à leurs familles, amis
et associés.
Dirk de Lege, AACI, P. App
Markham, ON
Ronald Richard, AACI, P. App
St. Lambert, QC
Harry Andrew Depow, AACI, P. App
St. John, NB
Ian C. (Cam) MacKeigan, CRA
Halifax, NS
C a n a d i a n
Appraiser
E C
Volume 51 • book 1 • 2007 valuateur
a n a d i e n 41