Objectives
The module introduces learners to theories that underpin real property valuation to develop an appreciation of fundamental concepts and principles of vaulation. It includes a critical review of value theory, valuation theory and concepts of market value. Building from the fundamentals, various methods of real estate valuation are introduced. Topics include:
- nature and scope of valuation;
- concepts of value, particularly open market valuer;
- and fair market value;
- foundations of valuation;
- role and functions of the value;
- characteristics of property and the property market;
- market study and valuation;
- the valuation process;
- professional standards and valuation report;
- and, the methods of valuation;
The job roles trained by this course will support businesses by providing expertise in the following areas:
- Financial Services Consulting;
- Business/market analysis and research;
- Product/business/market development.