ABOUT THIS COURSE
The course will cover a wide range of topics to include introduction to real estate valuation, the characteristics of real estate market, the importance of real estate valuation, definition of market value and the difference between market value, price, cost and investment worth.
The course will also cover the traditional methods of valuation with some examples and touch base on the contemporary valuation method. This is an introductory course the purpose of real estate valuation, the valuation process and the different valuation methods and approaches as well as techniques used to determine the value of various types of property.
This course is designed to provide the candidates with needed skills and knowledge necessary to undertake real estate valuation and conduct development appraisal work.
The candidates will have an understanding of the concepts and practices in the real estate valuation field. The candidate will have a working knowledge of some of the techniques used by the valuer. Learning ObjectivesUnderstand the characteristics of real estate marketUnderstand the role of property in the wider economy;Understand the different type of tenureUnderstand the purpose of real estate valuationUnderstand the difference between market value, fair value, price, cost and investment worthUnderstand valuation methods and approaches and when each method is used Understand the minimum requirements of a valuation report. Understand the code of measurement