Valuation: Residential Property

930.00 USD

100.0 Hours Formal CPD

Accurate and reliable residential valuations are in demand. Build on your existing knowledge of valuation by studying the leading industry valuation techniques for residential property and gain experience in calculating valuations.

Questions?

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Learning outcomes

  • Describe and apply the relevant drivers of value in local, national and international residential markets.
  • List the main purpose of a residential valuation including understanding and identifying client requirements
  • Identify relevant stakeholders; their role and purpose as part of the valuation process
  • Source, analyze and interpret the information required from reliable and relevant sources
  • Apply relevant RICS and international standards, including International Property Measurement Standards to a residential inspection and valuation
  • Carry out a competent valuation inspection using a checklist and distinguish from a residential survey.
  • Reproduce Valuation Standard compliant terms of engagement and valuation reports
  • Upcoming Dates

    Course information

    Valuation underpins all residential property-based transactions, and with over five million homes bought and sold in the US in 2017, accurate and reliable valuations are in demand and essential.

    Building on your existing foundation of valuation knowledge, this course has been designed to give you the practical skills required for residential valuation, focusing on the main competencies of valuation practice. This includes guidance and best practice on how to gather the required information, complete a valuation using the appropriate method, and to write Red Book compliant reports to RICS as well as international standards.

    With these newly developed skills, you will have a breadth of knowledge to apply the principles of residential valuation on a day to day basis and demonstrate to your employer and clients your ability to complete residential property valuations to an international standard.

    Course Benefit

    This course will give you the breadth of knowledge required to apply the principles of residential valuation on a day to day basis.

    • Never be daunted by the less common residential valuation challenges in the UK (such as new build and HMO's) again.
    • Your terms of engagement and valuation reports for every valuation instruction will comply with Valuation Standards.
    • Understand how to evidence comparable valuation analysis and create an audit trail with appropriate due diligence.
    • You will be able to consider a wider range of valuation instructions from buy to let to building plots.
    • You will approach the use of modern methods of Proptech and the latest thinking in market analyses with a pragmatic business focus.

    Who is this course for?

    • APC and Assoc. candidates who are on the valuation or Residential Valuation pathway or other candidates
    • Any other professionals with at least 2 years of experience in valuation or who have completed the RICS Valuation Foundation Program and wish to specialize or work with residential property valuations.
    • Professionals who need to create or work with Residential Valuations on a day to day basis including valuers and professionals working in finance functions or departments who use residential valuation reports as part of their decision making process.

    Course Content

    The course is composed of 4 technical modules which will cover the application of the valuation competencies of inspection, measurement and valuation methodologies as required to value residential property as well as best practice for drafting residential property valuation reports:

    • Module 0: Course Introduction
    • Module 1: The Inspection – Context & Information
    • Module 2: The Valuation Part 1 – Using Comparable Method
    • Module 3: The Valuation Part 2 – Using Less Common Methods
    • Module 4: The Report: Writing an RICS compliant report

    During this course you will have access to RICS Isurv to further support your learning.

    Exam

    After Module 4, 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 requests for additional attempts must be directed to the Online Academy. The exam window will be one month.

    CPD Hours

    This course contributes toward 100 CPD hours.

    Certificate of Completion

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

    Additional information

    Next available start date: 30 April 2019 - 10:00am

    Enrollment duration: 120 Days

    Languages: English

    Category: Property

    Member price: $775.00

    Price: $930.00

    Detailed course guide

    Course Type: Product / Distance Learning

    Deliver this in company

    If you're interested in having this course delivered at your company, explore the opportunities or contact us.