KA5019 - Applied Valuation

You will learn through a mixture of direct and independent learning approaches.

Interactive workshops will focus on delivery of the core information in the syllabus through student-led tasks, and you will be encouraged to collaborate with your fellow students to solve problems and deepen your understanding. The opportunity to use professional documentation, examples and market scenarios will be taken as much as possible; there will be the opportunity for computer lab-based workshops will illustrate the importance of the use of computer software and databases in the preparation of valuations.

In addition to the workshops, your directed and independent learning is supported by additional information provided through the eLearning Portal (Blackboard) including worked examples of valuations, additional material and guided reading. This is a complex subject, and you are expected to engage with your learning by undertaking independent study to help you achieve the learning outcomes.

Formative assessment will help you understand your progress through the module, and formal (or summative) assessment will comprise a coursework which evaluates your competence and understanding of valuation methodology as we as assess your ability to reason, discuss, analyse and apply data in the forming of an opinion of value.

If you are in employment your workplace will be the main learning environment, in effect acting as a framework for applied valuation. However, tutor support will be available via drop-in sessions throughout the module study period. If you are in employment, it is recognised that there is the need for modes of blended learning delivery, experiential assessment, and opportunities to combine work and study through independent study, embedded learning opportunities, and relevant communications technologies. Lecture capture will be used to elaborate on the content contained in any teaching material along with audio recording and notes to support presentations on key topics.

You will receive individual feedback for all elements of the summative assessment, and formative (informal) feedback from tutors during the interactive workshops.

In addition to this, the Module Tutor will respond to any queries posed on the discussion board on the KA5019 eLearning Portal site in relation to exam preparation, so that the whole group can benefit.

If you are in employment your workplace will be the main learning environment, however, tutor support will be available via drop-in sessions throughout the module study period. The eLP, telephone and email will be used as a means of communication once the initial briefings have taken place and work-based visits will be made by tutors if appropriate.

All modules at Northumbria include a range of reading materials that students are expected to engage with. The reading list for this module can be found at: http://readinglists.northumbria.ac.uk
(Reading List service online guide for academic staff this containing contact details for the Reading List team – http://library.northumbria.ac.uk/readinglists)

Knowledge & Understanding:
• MLO1: You will be able to apply the appropriate valuation methods to value both freehold and leasehold interests.
• MLO2: You will develop your use of computer software for valuing cash flows from property, and utilise web sources to collect, analyse and present property market data
• MLO3: You will be able to prepare a valuation report and appraise professional requirements in the context of the valuation process

Intellectual/Professional skills & abilities:
• MLO4: You will be able to recognise the importance of market knowledge when preparing a valuation and understand some of the different scenarios in which you may be working in practice.

Personal Values Attributes:
• MLO5: You will develop a critical awareness of the broader external material and ethical considerations in preparing a valuation

Formative assessment: will be an integrative part of the workshop sessions and directed work. You will be expected to participate in group discussions and carry out directed tasks upon which you will receive formative feedback.

Summative assessment: this module is assessed by a coursework . The coursework is an authentic assessment simulating an instruction in practice

The coursework will assess your individual understanding and application of valuation skills and the role of the RICS Valuation Standards. The coursework is worth100% of the module and will assess MLO1, MLO2, MLO3, MLO4 and MLO5.

Coursework will be an electronic submission, and feedback.

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This module aims to develop your understanding of Real Estate valuation and how it is important in both the built environment profession and the business world. Topics explored include valuation methodologies; reporting and advising clients in accordance with RICS guidance, statutory valuation; and using IT software in valuation practice. Learning is through interactive workshops in which you will explore the theories and issues through worked examples and discussion, and you will be provided with formative feedback throughout the sessions in order that you are able to test your knowledge and understanding as the module progresses. Assessment is through a coursework which will be supported through workshops, tutorials and access to discussion board where any queries are answered by module tutors. Your engagement with the module will assist in the development of the knowledge, skills and attributes that are valued by employers.

If you are in employment your workplace will act as a framework for applied valuation to develop your analytical, problem solving and professional skills.