Subject Code: PRO110
Rationale
In the context of the qualification, this is a fundamental foundation valuation subject designed to deliver to candidates the skills and knowledge required to assess and conduct the valuation of residential property types, and further, to introduce the fundamental assessment methods to apply in the valuation of income producing property.
Aim
The overall aim of the subject is to introduce you to valuation methodologies that can be applied to the valuation of residential and income producing properties.
Teaching and Learning Strategy
The strategies to achieve these outcomes will be formal lectures, general application of theory to reality based problems with self-study and research.
Learning Outcomes
- Obtain, interpret and confirm valuation instructions
- Inspect property, conduct research and analyse evidence
- Evaluate highest and best, economically viable use
- Assess market value of residential property using direct comparison, summation and hypothetical methods and prepare a valuation report to industry standards
- Explain the assessment of income producing properties
Assessment
Exams will take place in weeks 12 & 13. Please refer to the official Exam Timetable for further information.
| No | Type | Weighting | Learning Outcomes |
| 1 | Quiz | 20.00% | 1,2,3 |
| 2 | Individual Assignment | 40.00% | 4 |
| 3 | Final Exam | 40.00% | 1,2,3,4,5 |