Valuation in the Americas

$1,075.00

150 Hours Formal CPD

Gain a foothold in the practice of valuation – plan and prepare valuation reports. Designed for professionals wanting to gain a fundamental understanding of the key valuation methods and best practice techniques for measurement and inspection.

Learning outcomes

  • Identify when and why a valuation is required
  • Apply best practice on inspection and investigation
  • Explain the international aspect of property measurement
  • Assess and identify the main drivers of value in your local market and globally
  • Describe and understand the role of the value within the property market
  • Explain key valuation methods theories and techniques
  • Select most appropriate method of valuation for a given property scenario
  • Produce a valuation applying the appropriate method of valuation
  • State the purpose of International Valuation Standards and RICS Valuation – Professional Standards
  • Describe the use of the Valuation Standards from the client’s perspective
  • Upcoming Dates

    Course information

    The need for qualified valuation professionals is more important than ever within North American and Caribbean real estate markets.  As a growing number of skilled practitioners retire (62% of appraisers are 51 and older within the U.S.), there is a real need for a younger generation of appraisal professionals to embrace the profession and fill what is guaranteed to be a continuing need within the real estate sector for years to come.

    The entry-level Foundation in Valuation course will provide learners with the essential skills necessary to understand how to plan and prepare high-quality appraisal reports.  Possessing the foundational knowledge provided within the course will allow new appraisers to work with confidence knowing that their work adheres to the highest levels of professional competence, best practice standards, and ethics.

    This course has been designed to give professionals detailed knowledge needed for valuation, focusing on the main competencies of valuation practice: inspection, measurement and valuation methodologies and then will take them through the application of that knowledge and provide guidance and best practice on how to write Red Book compliant reports which will ensure that any valuation report meets RICS as well as international standards (including IPMS and IVS).

    This course will also help those professionals wanting to either move into valuation from another role or gain a fundamental understanding of the key valuation methods theories and techniques. It will enable you to assess the property market and be in a position to recognise which situations will require which types of valuation, choose and apply the right methodology and create the valuation report in line with RICS best practice and international standards.

    This course would also be highly relevant and beneficial to professionals working in finance functions or departments who use valuation reports as part of their decision making process (for example, approving mortgage applications, business acquisitions, mergers or sales) as it will allow comprehensive insight into the day to day tasks of a valuer, as well as give the detailed knowledge on how the valuations are created, be able to unpack the valuation itself including the methodology and enable them to identify any red flags in the valuations and engage their professional skepticism of the valuation.

    Modules

    The course is composed of 6 technical modules which will cover the core valuation competencies of inspection, measurement and valuation methodologies as well as an introductory and conclusion/review module as follows:


    Module 0: Course Introduction
    Module 1: Context and information gathering for valuation
    Module 2: Comparable method and the market
    Module 3: Investment method and two techniques
    Module 4: Residual method traditional
    Module 5: DRC and profits methods overview
    Module 6: Valuation Standards and the client
    Module 7: Course Review and Summary

    Exam:

    • After Module 7, there will be a final exam of 1.5 hours
    • Learners will complete 50 multiple choice questions randomised from a question bank of 100.
    • To pass the course, learners will need to score a min of 65%.
    • Where a learner scores less than 65%, a second attempt will be possible. Any additional attempts must be requested to the Online Academy.
    • The exam window will be one month.

    Certificate of Completion

    Only, upon passing the final exam, learners will be eligible to receive an RICS Certificate of Completion

    Why attend this course

    • For professionals wanting to either move into valuation from another role or gain a fundamental understanding of the key valuation methods theories and techniques
    • For professionals working in finance functions or departments who use valuation reports as part of their decision making process

     

    Questions?

    americastraining@rics.org
    +1 (212) 847-7400

    Additional information

    Next available start date: 28 August 2017 - 12:00am

    Enrollment duration: 180 Days

    Languages: English

    Category: Property

    Member price: $945.00

    Price: $1,075.00

    Detailed course guide